Business

Business U.S. unemployment falls to 7-year low, but wages are flat U.S. unemployment falls to 7-year low, but wages are flat
U.S. unemployment fell to a seven-year low of 5.3 percent and employers hired at a solid pace in June, but other gauges of the job market drew a bleaker picture: A wave of people stopped looking for work, and paychecks failed to budge.
Business Whole Foods apologizes for pricing problems Whole Foods apologizes for pricing problems
Whole Foods Market is apologizing to its shoppers for incorrect pricing, a week after a New York investigation found that the natural food grocer routinely overcharged for prepackaged fruits, vegetables and deli meats.
Business U.S. factory orders fell 1 percent in May U.S. factory orders fell 1 percent in May
Orders to U.S. factories fell in May by the largest amount in three months, while a key category that signals business investment plans dropped for a second month.
Business U.S. construction spending rises 0.8 percent in May U.S. construction spending rises 0.8 percent in May
U.S. construction spending posted a solid gain in May, pushing total activity to the highest point since the fall of 2008, with the strength led by a big jump in non-residential projects.
Business Nike co-founder Knight will step down as chairman Nike co-founder Knight will step down as chairman
Nike Chairman Phil Knight, who turned a business selling shoes out of the back of his car into the world's most valuable sports brand, has announced plans to step down as company chairman.
Business Consumer confidence index climbs to 101.4 in June Consumer confidence index climbs to 101.4 in June
Consumer confidence showed a solid gain in June following a modest increase in May, supporting the view that strong job gains are giving a boost to the overall economy.
Business Boosting overtime: Obama calls for broader coverage Boosting overtime: Obama calls for broader coverage
They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. But with no overtime eligibility, their pay may be lower per hour than many workers they supervise.