WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

US stocks extend losses to a fourth day, oil price gains
NEW YORK (AP) — U.S. stocks are closing lower after a see-saw day, extending the market's losses to a fourth day. SanDisk plunged 18 percent, the most in the S&P 500, after the maker of flash memory chips cut its revenue forecast.
Mar 27, 2015 | 7:27 AM
Oil prices jump almost 5 percent as tensions mount in Yemen
The price of oil rose sharply on Thursday as mounting tensions in Yemen got traders worried that the flow of crude from the Persian Gulf region could be disrupted. Phil Flynn, senior market analyst for the Price Futures Group, wrote in a note to...
Mar 27, 2015 | 7:27 AM
FINRA fines Oppenheimer $3.75M in employee fraud case
NEW YORK (AP) — The Financial Industry Regulatory Authority is ordering Oppenheimer & Co. to pay $3.75 million for failing to supervise an employee who defrauded clients and the producers of a canceled Broadway musical. Hotton faced criminal...
Mar 27, 2015 | 7:27 AM
Correction: Financial Markets story
In some versions of a March 25 story about financial markets, The Associated Press erroneously reported the current employer of one of the people quoted. NEW YORK (AP) — Investors dumped high-flying technology and biotech companies and sent the...
Mar 27, 2015 | 6:27 AM
From the venue to the menu, how to save on wedding food
NEW YORK (AP) — Weddings have a way of getting expensive: any detail of a ceremony or reception or party can be blown out to epic proportions. [...] the good news is that whatever your price range, there always opportunities to save money. Here...
Mar 27, 2015 | 5:27 AM
Average US rate on 30-year mortgage falls to 3.69 percent
Mortgage giant Freddie Mac said Thursday the national average for a 30-year fixed-rate mortgage declined to 3.69 percent from 3.78 percent last week. Mortgage rates have remained low even though the Federal Reserve in October ended its monthly bond...
Mar 27, 2015 | 3:27 AM
Toyota: Both hands back on the wheel after recall spinout
The Japanese company outlined a new "architecture" Thursday centered on product development and manufacturing initiatives it hopes will be more fail-proof against quality problems, and allow it to keep growing in a sustainable way. The recall...
Mar 27, 2015 | 2:27 AM
'American Idol'-like talent competition app launches
In the app's "karaoke" and "lip sync" modes, performers can show off their range from a selection of 75 different tunes, while the "perform now" mode allows entertainers of any kind to showcase any skills, from hip-hop dancing to violin playing. In...
Mar 26, 2015 | 11:26 PM
PepsiCo CEO Indra Nooyi received $19.1M pay package in 2014
The compensation for Nooyi, who has been chief executive since 2006, represents a 45 percent jump from the previous year's pay of $13.2 million, according to a filing with the Securities and Exchange Commission. Nooyi, 59, was previously PepsiCo's...
Mar 26, 2015 | 7:26 PM
Fewer Americans filed for unemployment benefits last week
WASHINGTON (AP) — Fewer people sought U.S. unemployment benefits last week, evidence that strong hiring should continue despite signs of slower economic growth at the start of 2015. The decrease suggests that a recent slowdown in manufacturing,...
Mar 26, 2015 | 5:26 PM