Business News

KDWN

3 days ago

Jobs report helps ease concerns a recession might be nearing

WASHINGTON (AP) — U.S. manufacturing is shrinking, corporate profits are declining and goods are piling up on warehouse shelves. Those trends have elevated concern that a U.S. recession may loom in the next year or two….

KDWN

3 days ago

US trade deficit up in 2015; exports drop for first time since recession amid strong dolla…

WASHINGTON (AP) — US trade deficit up in 2015; exports drop for first time since recession amid strong dollar, global weakness….

KDWN

3 days ago

JC Penney looking at possible HQ sale and partial leaseback

NEW YORK (AP) — J.C. Penney is looking to potentially sell and partially leaseback its headquarters to help lower debt and create long-term savings….

KDWN

3 days ago

US added just 151k jobs in Jan.; unemployment at 4.9 pct.

WASHINGTON (AP) — The U.S. economy added 151,000 jobs in January, a slowdown from recent months but still a sign of a solid job market. Employers raised pay, more people felt confident enough to look for work and the unemployment rate dipped to 4.9 percent, its lowest level since 2008….

KDWN

3 days ago

Bridgestone-Firestone recalls over 36,000 truck tires

DETROIT (AP) — Bridgestone-Firestone North America is recalling nearly more than 36,000 heavy truck tires in the U.S. and Canada because the tread can separate from the body and cause the tires to fail….

KDWN

3 days ago

Italy’s Intesa bank profits shrink in fourth quarter

MILAN (AP) — Italian bank Intesa Sanpaolo reported a 73 percent drop in fourth-quarter profits on lower net interest income and a drop in investment returns….

KDWN

3 days ago

Stocks edge lower in early trading on Wall Street

NEW YORK (AP) — The stock market opened slightly lower after the government reported only modest job growth last month….

KDWN

3 days ago

US exports fell in 2015 for first time since recession

WASHINGTON (AP) — The U.S. trade deficit rose in December as American exports fell for a third straight month, reflecting the pressures of a stronger dollar and spreading global weakness. Those factors contributed to the first annual drop in U.S. export sales since the Great Recession shrank global trade six years ago….

KDWN

3 days ago

Volvo posts higher 4th quarter profit on brisk Europe sales

HELSINKI (AP) — Swedish truck maker AB Volvo has posted a fourth quarter net profit of 2.59 billion kronor ($310 million), compared with a 2.98 billion kronor loss last year, on the back of cost cuts and brisk sales in Europe….

KDWN

3 days ago

4 questions for the next CEO of Delta Air Lines

NEW YORK (AP) — On May 2, Ed Bastian takes over as the new CEO of Delta Air Lines, replacing the retiring Richard Anderson. Bastian has been Anderson's close deputy, helping to turn around the airline from bankrupt carrier to one of the world's leading airlines, one whose playbook is often copied by others….