WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Oil soars on signs US oil companies curtail production
The price of oil is up 7 percent on indications that production in the U.S. has slowed following the big drop in prices since last June.
Jan 30, 2015 | 5:30 PM
US economy slowed last quarter, but signs are pointing up
The U.S. economy slowed in the final three months of 2014, but a burst in consumer spending and the prospect of continued low energy prices are bolstering confidence that growth will strengthen this year.
Jan 30, 2015 | 5:30 PM
Stocks sag at the close; January finishes on weak note
NEW YORK (AP) — The stock market is sagging at the close as investors weigh a slowdown in the U.S. economy and corporate earnings. The news sent prices for U.S. government bonds up, pushing the yield on the 10-year Treasury note to 1.66 percent.
Jan 30, 2015 | 5:30 PM
US consumer sentiment rises to highest level since 2004
[...] most consumers are expecting only modest wage income gains, which could constrain their spending. "Without sufficient wage gains, consumers will be forced to demand large price discounts to complete their purchases," said Richard Curtin,...
Jan 30, 2015 | 5:30 PM
US pay and benefits rose at slightly faster pace last year
WASHINGTON (AP) — Wages and benefits rose at a slightly healthier rate last year, a sign strong job gains could be forcing companies to pay a bit more for workers. The Labor Department said Friday that the employment cost index, which measures pay...
Jan 30, 2015 | 5:30 PM
Billionaire: Taj Mahal benefit cuts an 'essential sacrifice'
The battle for the future of the Trump Taj Mahal casino heated up Friday as the National Labor Relations Board urged a judge to restore workers' benefits and soon-to-be-owner Carl Icahn said the cuts are "an essential sacrifice that must be made" to...
Jan 30, 2015 | 4:30 PM
MasterCard tops Street 4Q forecasts
PURCHASE, N.Y. (AP) — MasterCard reported a 28 percent rise in fourth-quarter profits, as consumers spent more on MasterCard's payment network The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 67 cents per...
Jan 30, 2015 | 4:30 PM
Jay-Z business makes bid for Aspiro music streaming company
A business controlled by rapper Jay-Z has made a $56 million offer to buy the Scandinavian music streaming company Aspiro.
Jan 30, 2015 | 4:30 PM
US consumer sentiment rises to highest level since 2004
U.S. consumers are more confident than they've been since January 2004.
Jan 30, 2015 | 3:30 PM
Bidder offers $296 million for Dendreon assets
Drug maker Valeant Pharmaceuticals International has agreed to make a minimum bid of $296 million for the assets of Seattle-based biotech Dendreon, according to the law firm representing Dendreon in its Chapter 11 bankruptcy.
Jan 30, 2015 | 3:30 PM