Business News

AP News - 5 mins ago

WASHINGTON (AP) — Average long-term U.S. mortgage rates surged this week, marking their largest one-week gain this year.Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan jumped to 4.23 percent from 4.12 percent ...more

AP News - 22 mins ago

MARATHON, N.Y. (AP) — While most modern farmers work their fields accompanied by the rumble of a trusty tractor, sheep farmer Donn Hewes labors to the faint jingling of harnesses in rhythm with the hoofbeats of horses and mules.He readily admits ...more

AP News - 26 mins ago

NEW DELHI (AP) — Indian and Chinese troops faced off at their countries' unmarked border in the Himalayas on Thursday as their leaders were promising to boost economic cooperation and substantially increase Chinese investment in India's infrastructure ...more

AP News - 1 hour ago

WASHINGTON (AP) — U.S. home construction plunged in August, led by steep decline in the volatile apartment category. But single-family house construction, a larger and more stable portion of the market, fell only modestly.Construction fell 14.4 ...more

AP News - 1 hour ago

BERLIN (AP) — German pharmaceuticals and chemicals company Bayer AG said Thursday it plans to spin off its polymer division with a separate stock listing.The Leverkusen-based company that invented aspirin said the move would be part of an effort ...more

AP News - 1 hour ago

WASHINGTON (AP) — The Great Recession showed that a large number of American families are "extraordinarily vulnerable" to financial setbacks because they have few assets to fall back on, Federal Reserve Chair Janet Yellen said ThursdayYellen sai ...more

AP News - 1 hour ago

WASHINGTON (AP) — Substantially fewer people sought unemployment benefits last week, which often points to employers feeling more confident about the economy and hiring more workers.The Labor Department said Thursday that weekly applications for ...more

AP News - 1 hour ago

WASHINGTON (AP) — The number of people applying for U.S. unemployment benefits dropped by a sharp 36,000 last week to a seasonally adjusted 280,000, a sign that the job market is strengthening.The four-week average of applications, a less volati ...more

AP News - 2 hours ago

BRUSSELS (AP) — The media conglomerate controlled by Rupert Murdoch is joining the fray in Google's protracted European antitrust case, saying the technology company unfairly distorts competition.Robert Thomson, CEO of New York-based News Corp., ...more

AP News - 4 hours ago

BEIJING (AP) — Alibaba Group's U.S. stock offering is a wakeup call about an emerging wave of technology giants in China's state-dominated economy.Until now, Chinese companies that made a splash in global stock markets were state-owned banks and ...more