Business News

AP News - 2 hours ago

WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week for the sixth straight week as markets around the globe continued the whipsaw trading that has marked this year so far.Mortgage buyer Freddie Mac said Thursday the average ra ...more

AP News - 3 hours ago

PAJU, South Korea (AP) — North Korea on Thursday ordered a military takeover of a factory park that had been the last major symbol of cooperation with South Korea, calling Seoul's earlier suspension of operations at the jointly run facility as punishme ...more

AP News - 3 hours ago

CHICAGO (AP) — Grain futures were higher Thursday in early trading on the Chicago Board of Trade.Wheat for March delivery was 2.50 cents higher at $4.6360 a bushel; March corn was 1 cent higher at $3.6120 a bushel; March oats were 1.50 cents hig ...more

AP News - 4 hours ago

NEW YORK (AP) — Cigarette maker Reynolds American's fourth-quarter profit shot up 89 percent compared to the final quarter of 2014, when earnings fell due to some one-time costs.The parent of Camel and Pall Mall cigarette maker R.J. Reynolds sai ...more

AP News - 4 hours ago

LONDON (AP) — The latest on the turmoil afflicting global financial markets (all times local):2:50 p.m.As anticipated by futures markets, U.S. stocks have taken a big hit at the open.Shortly after trading started, the Dow Jones ind ...more

AP News - 5 hours ago

MOSCOW (AP) — Russia's ruble has dropped nearly 2 percent amid the turmoil affecting global stock markets and oil prices.The ruble was down by 1.9 percent at 80.1 rubles to the U.S. dollar in late afternoon trading in Moscow on Thursday.T ...more

AP News - 5 hours ago

WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week in a sign of a stable job market despite the slowing global economy hitting stocks and commodities.THE NUMBERS: Weekly applications for jobless aid fell 16,000 to a se ...more

AP News - 5 hours ago

WASHINGTON (AP) — Weekly applications for US unemployment benefits fall to 269,000, a positive sign for hiring. ...more

AP News - 7 hours ago

PARIS (AP) — Total says its fourth quarter earnings skidded 26 percent as the collapse in oil prices hit another global energy giant.The French company said Thursday that profit adjusted for changes in the value of inventories and one-time items ...more

AP News - 9 hours ago

PARIS (AP) — Shares in Societe Generale slumped Thursday after the French bank warned it would not achieve a targeted increase in profitability this year.Societe General blamed a rise in regulatory capital requirements and "the economic and fina ...more