Business

Business IMF: Tax increases a drag on U.S. economy IMF: Tax increases a drag on U.S. economy
By CHRISTOPHER S. RUGABER AP Economics Writer Published: Jun 14, 2013 at 8:19 AM PDT
The International Monetary Fund say the U.S. economy is on sounder footing than it was a year ago but is still being restrained by government spending cuts and tax increases.
Business US wholesale prices rise 0.5 percent in May US wholesale prices rise 0.5 percent in May
By CHRISTOPHER S. RUGABER AP Economics Writer Published: Jun 14, 2013 at 8:13 AM PDT
A rise in food and gas costs drove a measure of wholesale prices up sharply in May. But outside those volatile categories, inflation was mild.
Business US factory output rise just 0.1 percent in May US factory output rise just 0.1 percent in May
By MARTIN CRUTSINGER AP Economics Writer Published: Jun 14, 2013 at 7:58 AM PDT
U.S. factories barely increased their output in May after two months of declines, a sign that manufacturing is providing little support for the economy.
Business Paris seeks cultural exception in EU-US trade pact
By RAF CASERT Associated Press Published: Jun 14, 2013 at 8:14 AM PDT
France told fellow members of the European Union on Friday that the movie and television industry must be kept out of hotly anticipated free trade talks with the United States, even if it delays the formal start of negotiations next week.
Business US retail sales jump 0.6 percent in May on autos US retail sales jump 0.6 percent in May on autos
By MARTIN CRUTSINGER AP Economics Writer Published: Jun 13, 2013 at 8:08 AM PDT
Americans stepped up purchases at retail businesses in May, spending more on cars, home improvements and sporting goods. The gain shows consumers remain resilient despite higher taxes and could drive faster growth later this year.
Business US unemployment benefit applications fall to 334K US unemployment benefit applications fall to 334K
By CHRISTOPHER S. RUGABER AP Economics Writer Published: Jun 13, 2013 at 8:04 AM PDT
The number of Americans seeking unemployment benefits dropped 12,000 last week to a seasonally adjusted 334,000, a decline that suggests steady job gains will endure.
Business Gannett to buy TV station owner Belo for $1.5 billion Gannett to buy TV station owner Belo for $1.5 billion
By BARBARA ORTUTAY AP Business Writers Published: Jun 13, 2013 at 7:59 AM PDT Last Updated: Jun 13, 2013 at 3:09 PM PDT
Gannett Co., the publisher of USA Today, is buying TV station owner Belo Corp. for about $1.5 billion. If approved, the all-cash deal will make Gannett the fourth-largest broadcast group in the U.S.
Business Oregon companies could shine in 'Grimm' season three Oregon companies could shine in 'Grimm' season three
By Robert Goldfield, Portland Business Journal senior reporter Published: Jun 12, 2013 at 3:17 PM PDT
Looking to show off their abilities to NBC, 12 companies will pitch ideas Friday on means for promoting television’s “Grimm” series through digital storytelling.
Business BP: Weak economy slows global demand for energy BP: Weak economy slows global demand for energy
By DANICA KIRKA, Associated Press Published: Jun 12, 2013 at 9:23 AM PDT
Global demand for oil, gas, coal and nuclear power grew at a slower pace last year due to weak economic growth, recession and increased efficiency, energy company BP said Wednesday.