WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Judge won't order recalled GM cars to be parked
DETROIT (AP) — A Texas federal judge has denied an emergency motion that would have forced General Motors to tell owners of more than 2 million recalled cars to stop driving them until the ignition switches are replaced. Ramos ruled that courts...
Apr 17, 2014 | 4:17 PM
Real estate spotlight, April 16, 2014
Want a condo nearly as big as a typical single-family house lot? Check out 1200 Alki Ave. S.W., No. 5. The penthouse is 4,475 square feet, with three bedrooms, 3.5 bathrooms, three fireplaces, Travertine floors, cherry millwork, Venetian plaster...
Apr 17, 2014 | 4:17 PM
Union Pacific railroad's 1Q profit up 14 percent
(AP) — The harsh winter didn't keep Union Pacific railroad from delivering 14 percent higher quarterly profit as it hauled more agricultural, industrial and coal shipments. "There's still a lot of year ahead of us, but we are seeing signs of...
Apr 17, 2014 | 4:17 PM
Target expands subscription service tenfold
Everything from beauty products and pet supplies to home office supplies, are now available for regular delivery. Target, based in Minneapolis, is playing catch up in the subscription business, which has exploded as companies test consumer...
Apr 17, 2014 | 4:17 PM
Ex BP-employee settles US insider-trading charges
WASHINGTON (AP) — A former BP employee who was a coordinator during the 2010 oil spill in the Gulf of Mexico has agreed to settle federal charges of using confidential information on the seriousness of the spill to profit illegally from trading in...
Apr 17, 2014 | 4:17 PM
Bailed-out Cyprus to test bond market in June
NICOSIA, Cyprus (AP) — Bailed-out Cyprus says it will issue six-year government bonds every month starting in June as a first step to returning more permanently to international markets after a three-year absence. Investor interest in European...
Apr 17, 2014 | 3:17 PM
GE 1Q earnings fall, outlook strong
NEW YORK (AP) — General Electric's new focus on oil and gas equipment helped the company to post strong first-quarter results. GE posted lower overall first-quarter net income than a year ago, but that's only due to the sale of NBC Universal during...
Apr 17, 2014 | 3:17 PM
UnitedHealth's 1Q profit tumbles 8 percent
UnitedHealth Group's first-quarter net income slid 8 percent as funding cuts to a key product and costs imposed by the health care overhaul dented the health insurer's performance. The federal law aims to provide coverage for millions of uninsured...
Apr 17, 2014 | 3:17 PM
Average US 30-year mortgage rate falls to 4.27 pct
Many analysts have been expecting an improving economy to lift the housing market, which has been recovering over the past two years. The Fed also said after its two-day policy meeting last month that even after it raises short-term interest rates...
Apr 17, 2014 | 3:17 PM
Applications for US jobless aid edge up to 304,000
The number of people seeking U.S. unemployment benefits last week rose 2,000 to a seasonally adjusted 304,000. Jobless claims continue to be near pre-recession levels despite the slight increase.
Apr 17, 2014 | 3:17 PM