WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

US consumer prices ticking up as Fed weighs first rate hike
WASHINGTON (AP) — Core consumer prices outside of food and energy posted the biggest increase in April in more than a year, suggesting that an improving U.S. economy is finally starting to lift prices. That could prompt the Federal Reserve to start...
May 22, 2015 | 8:22 AM
ECB head Draghi: Growth is 'too low everywhere' in Europe
Draghi made the blunt remark as he opened a conference on the unemployment problem plaguing several of the European Union member countries that share the euro currency. [...] it could take years to achieve a significant reduction in the jobless...
May 22, 2015 | 8:22 AM
Lumber Liquidators CEO quits, catching company off guard
The company earlier this month said that it had suspended the sale of all laminate flooring made in China after disclosing that the Justice Department is seeking criminal charges against it. The CBS news show "60 Minutes" first reported in March...
May 22, 2015 | 8:22 AM
Washington biofuels company CEO pleads guilty to tax crimes
A CEO accused of stealing from his Pasco biofuels company pleaded guilty to tax crimes.
May 22, 2015 | 7:22 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 May 2018,112,975Statutory debt limit18,113,000Total public debt...
May 22, 2015 | 7:22 AM
Hewlett-Packard sells stake in Chinese unit for $2.3B
NEW YORK (AP) — Hewlett-Packard is selling a controlling stake in its China server and storage unit, a move that comes as the Chinese government, apparently worried about U.S. cyberspying, has encouraged the use of local companies. Analysts have...
May 22, 2015 | 7:22 AM
US stock market notches tiny gains; oil price rises sharply
NEW YORK (AP) — U.S. stocks are closing slightly higher, led by an advance in energy stocks as the price of oil climbs. Salesforce.com was among the big gainers Thursday after reporting results that beat analysts' forecasts.
May 22, 2015 | 7:22 AM
Wal-Mart’s push on animal welfare hailed as game changer
NEW YORK (AP) — Wal-Mart’s push to get its suppliers to give farm animals fewer antibiotics and more room to roam is expected to have a big impact on the food industry, experts say. Though the steps are voluntary, Wal-Mart, which sells more...
May 22, 2015 | 7:22 AM
Correction: McDonald's Shareholders-Salaries story
(AP) — In a May 20 story about a protest outside of McDonald's corporate headquarters near Chicago, The Associated Press erroneously reported that about 100 protesters were arrested. (AP) — Hundreds of protesters marched near McDonald's suburban...
May 22, 2015 | 6:22 AM
CVS paying $10.4B in cash for drug distributor Omnicare
The acquisition announced Thursday will give one of the biggest U.S. pharmacy benefits managers national reach in dispensing prescription drugs to assisted living and skilled nursing homes, long-term care facilities, hospitals and other care...
May 22, 2015 | 6:22 AM