WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Samsung profit falls as smartphone sales slow
SEOUL, South Korea (AP) — Samsung Electronics Co. reported a bigger-than-expected fall in second quarter profit on Thursday and said it was uncertain if earnings from its handset business would improve in the current quarter. Robert Yi, head of...
Jul 31, 2014 | 2:31 AM
New 'know your customer' rules proposed for banks
Under current rules financial firms are required to report suspicious transactions to authorities in order to prevent the financial system from being used to launder proceeds from illegal activities or for financing terrorism. Several high-profile...
Jul 31, 2014 | 2:31 AM
Comparing US Fed's views on inflation, job market
The Fed sees a better job market, but has added new qualifications: Labor market conditions improved, with the unemployment rate declining further. The Fed "judges that the likelihood of inflation running persistently below 2 percent has diminished...
Jul 31, 2014 | 2:31 AM
Review: 3Doodler is fun but quirky '3-D pen'
The $99 3Doodler, made by Boston-based startup Wobbleworks, is a fat pen not unlike a hot glue gun. Move it around with a plan, laying down string upon string, and an object starts taking shape. Within a few hours, I made a few rings, an unusable...
Jul 31, 2014 | 2:31 AM
Text of the Federal Reserve's statement Wednesday
The Committee expects that, with appropriate policy accommodation, economic activity will expand at a moderate pace, with labor market indicators and inflation moving toward levels the Committee judges consistent with its dual mandate. The...
Jul 31, 2014 | 2:31 AM
Fed offers a dual message on health of US economy
A statement the Fed issued after a two-day policy meeting suggested it wants to see further improvement before it starts raising its key short-term interest rate. The Fed revised the wording of its previous statement to note that while the...
Jul 31, 2014 | 2:31 AM
Shell profit up on higher oil prices
AMSTERDAM (AP) — Royal Dutch Shell PLC, Europe's largest oil company, says second quarter earnings rose on higher production and higher selling prices for oil, and fewer one-time charges. [...] Shell said production of oil, which is more lucrative...
Jul 31, 2014 | 2:31 AM
Figures on government spending and debt
WASHINGTON (AP) — Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30. Total public debt subject to limit July 2917,577,892Statutory debt limitsuspendedTotal public debt...
Jul 31, 2014 | 2:31 AM
Probe exposes flaws behind HealthCare.gov rollout
WASHINGTON (AP) — Management failures by the Obama administration set the stage for computer woes that paralyzed the president's new health care program last fall, nonpartisan investigators said in a report released Wednesday. While the...
Jul 31, 2014 | 2:31 AM
Business Highlights
In a statement it issued Wednesday after a policy meeting, the Fed offered no clearer hint of when it will start raising its benchmark short-term rate. Owners who resisted hiring after the recession are taking on workers to keep up with rising...
Jul 31, 2014 | 2:31 AM