WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Fiat Chrysler recalls midsize sedans for transmission glitch
Fiat Chrysler recalls midsize sedans for transmission glitch DETROIT (AP) — Fiat Chrysler is recalling nearly 26,000 midsize cars in North America to fix automatic transmissions that might not shift into park.
Feb 26, 2015 | 12:26 PM
Plunging gas lowers US consumer price index 0.7 pct.; excluding energy, costs rise
WASHINGTON (AP) — Plunging gas lowers US consumer price index 0.7 pct.; excluding energy, costs rise.
Feb 26, 2015 | 12:26 PM
Applications for US jobless aid rise to 313,000
"Despite larger-than-expected weekly swings, the trend in claims remains consistent with an improving labor market," Derek Lindsey, an economist at BNP Paribas, said in a note to clients. While economists cautioned against reading too much into one...
Feb 26, 2015 | 12:26 PM
IBM outlines plan to revamp business for investors
NEW YORK (AP) — IBM's CEO says the company's plan to revamp its business to shift away from hardware and focus on business analytics, cloud computing, mobile services and security is on track. Once the dominant PC-maker known as "Big Blue," IBM is...
Feb 26, 2015 | 12:26 PM
Applications for US unemployment benefits jump to 313,000; level still points to solid hiring
WASHINGTON (AP) — Applications for US unemployment benefits jump to 313,000; level still points to solid hiring.
Feb 26, 2015 | 11:26 AM
German consumers most confident since dot-com boom
BERLIN (AP) — Consumer confidence in Germany has hit its highest level in 13 years, leading an increase across Europe, as low energy costs and interest rates helped offset any concerns about the crises in Ukraine and Greece. A survey released...
Feb 26, 2015 | 11:26 AM
RBS chief says he won't accept share award amid losses
Bailed out by the British government in 2008, RBS is struggling to put the excesses of the past behind it, including an ill-fated global expansion drive. The results include 2.2 billion pounds of charges for resolving litigation and regulatory...
Feb 26, 2015 | 11:26 AM
Spanish company buying US utility serving northeast for $3B
MADRID (AP) — Spain's leading electricity and natural gas company, Iberdrola, will buy the northeastern U.S. utility UIL Holdings Corp. in a deal valued at about $3 billion, the companies said Thursday. Iberdrola USA's utilities will be Berkshire...
Feb 26, 2015 | 10:26 AM
What we heard, and didn't, from Yellen's remarks to Congress
WASHINGTON (AP) — Over two days of testimony to Congress, Federal Reserve Chair Janet Yellen was grilled on everything from the direction of interest rates to the health of the economy to "Audit the Fed" legislation supported by Republicans. The...
Feb 26, 2015 | 9:26 AM
Asian stocks higher on earnings, China factory
SEOUL, South Korea (AP) — Asian stocks were mostly higher Thursday on upbeat corporate earnings and rising Chinese factory output after the chairwoman of the U.S. Federal Reserve said it will be patient about increasing interest rates. The...
Feb 26, 2015 | 9:26 AM