WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Silicon Valley shuttle drivers vote to unionize
SAN FRANCISCO (AP) — Shuttle drivers who ferry tech workers between Silicon Valley and San Francisco have voted for union representation. The San Francisco Chronicle reports (http://tinyurl.com/nf3ltp2) that drivers working for Compass...
Mar 1, 2015 | 2:01 AM
Former AIG CEO Robert Benmosche dies of cancer at 70
NEW YORK (AP) — Former AIG President and CEO Robert Benmosche, who led the insurer's turnaround after its $182 billion government bailout, has died of lung cancer at age 70, the company announced Friday. Regulators were concerned that AIG's demise...
Mar 1, 2015 | 2:01 AM
As tastes change, big food makers try hipster guises
The stealth efforts reflect the pressures on the country's biggest food makers, which are contending with the surging popularity of smaller brands that position themselves as decidedly less corporate. Unlike Pepsi cola — which has suffered sales...
Mar 1, 2015 | 1:01 AM
Better plane tracking trialed after Malaysia plane mystery
The trial is expected to use satellite-based positioning technology already on board 90 percent of long-haul aircraft that transmits the plane's current position and its next two planned positions, said Airservices Australia chairman Angus Houston,...
Feb 28, 2015 | 11:28 PM
US consumer sentiment slips in February on icy weather
Earlier this week, the Conference Board, a business research group, said that its consumer confidence index fell a bit this month but remained at the highest levels since before the Great Recession began in late 2007. Consumers remain sensitive to...
Feb 28, 2015 | 8:28 PM
Stocks slip at midday after weaker estimate of US growth
The stock market is mostly lower in midday trading following news that U.S. economic growth slowed more sharply than previously estimated in the final three months of the year. The Commerce Department said the economy grew at an annual rate of 2.2...
Feb 28, 2015 | 6:28 PM
Fiat Chrysler recalls 467K SUVs for possible stalling
DETROIT (AP) — Fiat Chrysler is recalling more than 467,000 Dodge and Jeep SUVs worldwide to fix a faulty fuel pump relay at the root of a potential stalling problem. [...] the Center for Auto Safety, a nonprofit advocacy group founded by Ralph...
Feb 28, 2015 | 6:28 PM
Lawmakers may end tax break on jet fuel, to Delta's dismay
ATLANTA (AP) — Georgia lawmakers may eliminate a tax break for airlines buying jet fuel at the world's busiest airport, setting up a face-off with one of the state's largest employers, Atlanta-based Delta Airlines. "Companies are looking for an...
Feb 28, 2015 | 12:28 PM
Signed contracts to buy US homes rise to 18-month high
WASHINGTON (AP) — The number of Americans signing contracts to buy homes rose at a healthy pace in January, a sign that home sales are poised to accelerate after a slow start to the year. [...] economists expect that strong job gains, low mortgage...
Feb 28, 2015 | 10:28 AM
Correction: Sears-Results story
NEW YORK (AP) — In a story Feb. 27 about Sears Holdings Corp., The Associated Press reported erroneously that Chief Financial Officer Rob Schriesheim said in a statement that the actions Sears took in 2014 — such as store closures and inventory...
Feb 28, 2015 | 8:28 AM