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  • July 2- Rare earths miner Molycorp Inc said it received U.S. bankruptcy court approval for interim financing of $22 million to support its operations. The court has approved the $22 million financing only on an interim basis, and has scheduled a final hearing on the debtor-in-possession financing for July 20, 2015, Molycorp said on Thursday.

  • The oil rig count rise of 12 to 640 followed a six-month slump in activity that reduced the number of active rigs from a peak of 1,609 in October to a nearly five-year low last week, energy services firm Baker Hughes Inc said in its closely followed report. Drillers added rigs in all of the major U.S. shale oil basins- three in the Eagle Ford in South Texas, two in the...

  • Mortgage giant Freddie Mac said Thursday the average rate on a 30- year fixed-rate mortgage rose to 4.08 percent this week from 4.02 percent a week earlier. Data issued Tuesday showed that home prices increased at a solid clip in April, led by double-digit gains in Denver and San Francisco. To calculate average mortgage rates, Freddie Mac surveys lenders across...

  • NEW YORK, July 1- Star bond fund manager Bill Gross will be getting help running his struggling Janus Capital Group Inc mutual fund from Kapstream Capital Pty Ltd's Kumar Palghat, Janus said on Wednesday after acquiring a majority stake in Kapstream. Gross, who began managing the Janus Global Unconstrained Bond Fund in October, will continue to be primary...

  • YOUR MONEY-5 ways road-tripping families can save money Wednesday, 1 Jul 2015 | 9:29 AM ET

    NEW YORK, July 1- With four kids between the ages of 1 and 12, Loralee Leavitt is a cost-savings ninja when she hits the road. Leavitt, who hails from Kirkland, Washington, estimates that she has gone on more than 30 road trips with her growing family, logging over 60,000 miles, to places like Utah, Colorado, Arizona and California. Their piece de resistance: A trip to...

  • PORTLAND, Ore.— Oregon began easing into an era of legal marijuana Wednesday after an early morning pot celebration at the center of Portland. More than 40 years earlier, Oregon was the first state to decriminalize small amounts of pot. "Oregon has long been a pioneer on sensible marijuana policies," said Anthony Johnson, chief petitioner on Measure 91, the...

  • *Consumer confidence increases solidly in June. NEW YORK, June 30- U.S. consumer confidence increased solidly in June, with households upbeat about the labor market, supporting views the economy was back on firmer footing after wobbling at the start of the year. "Consumer spirits are soaring right now showing the economy is on track for further gains this year," said...

  • NEW YORK, June 30- U.S. single-family home prices rose in April from a year earlier but at a slower pace than forecast, a closely watched survey said on Tuesday. Denver and San Francisco posted the strongest year-over-year gains, with prices in Denver up 10.3 percent and prices in San Francisco rising 10 percent. "Home prices continue to rise across the country, but...

  • U.S. home prices rise in April -S&P/Case-Shiller Tuesday, 30 Jun 2015 | 9:00 AM ET

    NEW YORK, June 30- U.S. single-family home prices rose in April from a year earlier but at a slower pace than forecast, a closely watched survey said on Tuesday. Denver and San Francisco posted the strongest year-over-year gains, with prices in Denver up 10.3 percent and prices in San Francisco rising 10 percent. "Home prices continue to rise across the country, but...

  • US home prices climbing steadily Tuesday, 30 Jun 2015 | 9:00 AM ET

    WASHINGTON— U.S. home prices increased at a solid clip in April, led by double-digit jumps in Denver and San Francisco. Prices in the Denver metro areas climbed 10.3 percent, while home values in San Francisco rose 10 percent. Values increased more than 7.5 percent in Dallas, Miami, Seattle and Tampa.

  • Boosting overtime: Obama calls for broader coverage Tuesday, 30 Jun 2015 | 3:20 AM ET

    WASHINGTON— They're called managers, and they sometimes work grueling schedules at fast food chains and retail stores. "We've got to keep making sure hard work is rewarded," President Barack Obama wrote in an op-ed published Monday in The Huffington Post. Employers can now often get around the rules: Any salaried employee who's paid more than $455 a week— or $23,660...

  • DENVER— Republican presidential candidate Rand Paul courted donors from the new marijuana industry Tuesday, making the Kentucky senator the first major-party presidential candidate to publicly seek support from the legal weed business. During an interview with The Denver Post after the fundraiser, Paul also declined to answer whether he would have voted...

  • WASHINGTON— Salaried workers who earn nearly $1,000 per week would become eligible for overtime pay under a proposal President Barack Obama unveiled Monday, lamenting that too many Americans are working too many hours for less pay than they deserve. The long-awaited overtime rule from the Labor Department would more than double the threshold at which...

  • The rule— a response to calls from the U.S. Supreme Court and Congress for the EPA to clarify which smaller waterways are protected— was published in the Federal Register on Monday and takes effect Aug. 28. The EPA did not immediately respond to questions from The Associated Press. The other states involved are Alaska, Arizona, Arkansas, Colorado, Idaho, Missouri,...

  • USDA proposes healthier fare for child, adult day cares Saturday, 27 Jun 2015 | 10:43 AM ET

    About 3.8 million young children are fed daily through the Child and Adult Care Food Program, which primarily reimburses day-care providers, and also provides food for children in emergency shelters and pays for after-school meals or snacks in areas where at least half the students qualify for free- or reduced-price lunches. Millions of more affluent...

  • HOUSTON— Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. increased by two this week to 859, the first weekly gain since December. Houston- based Baker Hughes said Friday 628 rigs were seeking oil and 228 explored for natural gas. Alaska, Arkansas, California, Colorado, Kansas, Oklahoma, Pennsylvania,...

  • BOSTON— Urban planners have long considered public transportation the best remedy for traffic congestion, but many of the nation's largest mass-transit systems simply aren't up to the task. Consider Boston, where the oldest American subway system began operating in 1897. During a winter of record-setting snow, the Massachusetts Bay Transportation...

  • RALEIGH, N.C.— Like many fast-growing parts of the country, North Carolina's Triangle region is trying to avoid being strangled by its own success: Traffic is thickening, drivers are getting stuck in it and there's no simple solution in sight. The population of the three counties that include Raleigh, Durham and Chapel Hill is forecast to grow by more than 40...

  • New Chicago aviation chief warns O'Hare falling behind Thursday, 25 Jun 2015 | 3:33 PM ET

    CHICAGO— O'Hare International Airport is falling behind other global hubs as it grapples with flight delays, gate shortages and a largely humdrum terminal experience for passengers, Chicago's new aviation chief warned business leaders Thursday. Aviation industry veteran Ginger Evans told an audience at the City Club of Chicago that the flipside of being...

  • Molycorp files for Chapter 11 bankruptcy protection Thursday, 25 Jun 2015 | 10:56 AM ET

    GREENWOOD VILLAGE, Colo.— Rare earth metals company Molycorp has filed for Chapter 11 bankruptcy protection. The filings include Molycorp Inc. and its North American subsidiaries, as well as some non-operating subsidiaries outside North America. Operations outside North America, with the exception of non-operating companies in Luxembourg and Barbados,...