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Business News

KDWN

21 hours ago

Russia revises ban on imports of Egyptian plant products

MOSCOW (AP) — Russia's food safety watchdog has revised its ban on imports of fruit and vegetables from Egypt after the lifting of Egyptian wheat import restrictions that have hurt Russia….

KDWN

22 hours ago

Slump for drug and consumer stock pulls US indexes lower

NEW YORK (AP) — U.S. stocks are slumping Monday as drugmakers and consumer companies take the biggest losses. The price of oil is jumping and energy companies are trading higher. Major indexes in Europe and Asia are also starting the week on a steep skid….

KDWN

22 hours ago

Liz Weston: Your Money Secrets Are Killing You

Writer Neal Gabler broke the don't-talk-about-money taboo this spring with an Atlantic article, "The Secret Shame of Middle-Class Americans." Now he wants everyone to start talking….

KDWN

1 day ago

Chemtura rises in premarket on $2.5B buyout offer

NEW YORK (AP) — Chemtura's stock is up more than 17 percent in premarket trading after the specialty chemicals company agreed to a $2.5 billion acquisition offer from Germany's Lanxess….

KDWN

1 day ago

Health care and bank stocks pull US indexes lower

NEW YORK (AP) — U.S. stocks are slumping in Monday morning trading as health care companies and banks take the biggest losses. Energy companies are inching higher as oil prices rise. Major indexes in Europe and Asia are also starting the week on a steep skid….

KDWN

1 day ago

Lands’ End CEO leaves company after less than 2 years

DODGEVILLE, Wis. (AP) — The CEO of Lands' End, recruited from the New York fashion house Dolce & Gabbana in a bit of a culture clash, has stepped down after less than two years on the job….

KDWN

1 day ago

Will boom in loans at retailers, manufacturers turn to bust?

NEW YORK (AP) — They sell diamond rings in malls and used cars at dealerships, make wrench sets for mechanics and giant combines for farmers….

KDWN

1 day ago

Sales of new homes tumbled 7.6 percent in August

WASHINGTON (AP) — Sales of new homes retreated in August, one month after surging to the highest level in nearly nine years. Activity fell in all regions of the country except the West….

KDWN

1 day ago

German business confidence surges to highest since May 2014

BERLIN (AP) — A closely watched survey shows that business confidence in Germany, Europe's biggest economy, has increased sharply to its highest reading since May 2014 amid signs that concerns related to Britain's vote to leave the European Union have dissipated….

KDWN

2 days ago

Q&A: A mortgage exec reflects on housing market’s challenges

WASHINGTON (AP) — From the outside, the housing market looks solid: Sales are climbing. So are prices. Mortgage rates are near historic lows….