WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

US stocks notch record as rising oil boosts energy sector
NEW YORK (AP) — The stock market eked out another record close on Thursday as rising oil prices boosted energy stocks. Best Buy was among the biggest gainers after reporting earnings that exceeded the expectations of Wall Street analysts. Lumber...
May 21, 2015 | 9:21 AM
Banks fined more than $5B, to plead guilty to market rigging
WASHINGTON (AP) — Four of the world's biggest banks agreed Wednesday to pay more than $5 billion in penalties and plead guilty to rigging the currency markets — a rare instance in which federal prosecutors have wrung an admission of criminal...
May 21, 2015 | 9:21 AM
Asian stock markets uneven after weak China data
Asian stock markets uneven after weak China data TOKYO (AP) — Asian stock markets were lackluster Thursday after China's economy showed new signs of weakness and Fed minutes shed little light on the timing of a U.S. interest rate hike. HSBC's...
May 21, 2015 | 9:21 AM
CareFirst says data breach affects about 1.1M people
NEW YORK (AP) — In the latest disclosure of a cyberattack against a health insurer, CareFirst BlueCross BlueShield says that attackers gained access to a database that included the names of 1.1 million people. Health care data breaches have grown...
May 21, 2015 | 9:21 AM
What's today's $5 billion banking settlement about?
NEW YORK (AP) — Four giants of global banking agreed Wednesday to pay more than $5 billion in fines to regulators and plead guilty to manipulating the global currency market. Traders at four banks — JPMorgan Chase, Citigroup's banking unit Citicorp...
May 21, 2015 | 9:21 AM
Survey: Minority-owned businesses face loan obstacles
NEW YORK (AP) — Minority businesses have a harder time getting bank loans than small companies in general, according to a survey released Thursday by Wells Fargo & Co. and the polling company Gallup. The survey found most business owners don't...
May 21, 2015 | 9:21 AM
California water cuts move to those with century-old rights
SACRAMENTO, Calif. (AP) — California farmers who hold rights to water that date back as far as the Gold Rush are bracing for their first state-ordered conservation in decades, as a record drought prompts some of the deepest cuts yet in the country...
May 21, 2015 | 8:21 AM
Renters appear more satisfied in many pricey US cities
WASHINGTON (AP) — High rents are worth it. At least that’s the sentiment of apartment dwellers in New York, San Francisco and Washington, who say they’re more satisfied living in those cities than do renters in far more affordable areas...
May 21, 2015 | 8:21 AM
Amazon adds one-hour store delivery in New York City
NEW YORK (AP) — Amazon will begin offering one-hour delivery from local stores in New York City as competition in the delivery arena increases. The service, offered in the city’s Manhattan borough, is part of Amazon’s Prime Now delivery...
May 21, 2015 | 8:21 AM
Lumber Liquidators CEO quits, catching company off guard
NEW YORK (AP) — Lumber Liquidators CEO Robert Lynch has abruptly quit the company that is embroiled in an investigation over products imported from China. Shares tumbled 15 percent in morning trading Thursday. The company said Lynch resigned “...
May 21, 2015 | 8:21 AM