WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

US pending home sales tumble in December
Fewer Americans signed contracts to buy homes in December, a sign that low mortgage rates have yet to coax more buyers into the market.
Jan 29, 2015 | 2:29 PM
Record U.S. airwaves auction ends with $44.9B in bids
The FCC is to announce winners in coming days.
Jan 29, 2015 | 2:29 PM
Average US rate on 30-year mortgage rises to 3.66 pct.
Average long-term U.S. mortgage rates rose slightly this week after four straight weeks of declines, while remaining near historically low levels.
Jan 29, 2015 | 1:29 PM
Senate heads toward approval of Keystone XL pipeline bill
The Republican-controlled Senate moved Thursday toward passage of a bipartisan bill approving the Keystone XL oil pipeline, defying a presidential veto threat and setting up the first of many expected battles with the White House over energy and the...
Jan 29, 2015 | 1:29 PM
Deutsche Bank posts surprise profit as litigation costs ease
FRANKFURT, Germany (AP) — Deutsche Bank rebounded to make a surprise fourth-quarter profit of 441 million euros ($498 million) as it saw lower charges for settling accusations of wrongdoing. The bank's fourth-quarter earnings beat estimates among...
Jan 29, 2015 | 12:29 PM
LG Electronics in red in 4Q on plasma TV business closure
SEOUL, South Korea (AP) — LG Electronics Inc. said Thursday it has lost money in the fourth quarter as costs from the closure of its plasma TV operations offset a recovery in its mobile phone business. LG kicked off this year with local sales of...
Jan 29, 2015 | 12:29 PM
Bill Boeing’s 1930 yacht up for sale
The 125-foot Taconite has been owned for nearly 30 years by Canadian Gordon Levett, who is asking just under $2.5 million.
Jan 29, 2015 | 11:29 AM
McDonald's CEO steps down as sales decline
NEW YORK (AP) — McDonald's CEO Don Thompson is stepping down as the world's biggest hamburger chain fights to hold onto customers and transform its image. The company said Thompson, who has been CEO for two-and-a-half years, will be replaced by...
Jan 29, 2015 | 11:29 AM
Fed sees strengthening economy but stays 'patient' on rates
The Fed sketched a bullish picture of the economy — with a strengthening job market, lower unemployment, rising consumer spending and higher household purchasing power fueled by lower energy prices. Paul Ashworth, an economist at Capital Economics...
Jan 29, 2015 | 11:29 AM
Nobel laureate Charles Townes, laser co-creator, dies at 99
The invention he's known for paved the way for other scientific discoveries, but also has a huge array of applications today: DVD players, gun sights, printers, computer networks, metal cutters, tattoo removal and vision correction are just some of...
Jan 29, 2015 | 11:29 AM