The United States Securities and Exchange Commission is targeting 10 firms in a high frequency trading probe, according to an SEC document.» Read More
WASHINGTON— Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged. That conclusion, one held by a growing number of economists, might surprise many people. After all, in the five years since the recession officially ended, Americans' pay has basically stagnated.
July 22- U.S. motorcycle maker Harley Davidson Inc came late to the offshoring game. For Harley-Davidson, they turned a happy debut into a near-debacle, as its second-quarter earnings released on Tuesday showed.
BISMARCK, N.D.— North Dakota's congressional delegation is pressing Canadian Pacific Railway to provide details of its backlog of grain shipments, saying farmers need detailed information with fall harvest fast approaching. But Sen John Hoeven, R- N.D., Sen. Heidi Heitkamp, D- N.D., and Rep.
ST. LOUIS— Peabody Energy Corp. on Tuesday reported a second-quarter loss after posting a profit in the same period a year earlier. The St. Louis- based company reported a loss of $73.3 million, or 27 cents per share, compared with a profit of $90.3 million, or 33 cents per share, in the same quarter a year earlier.
RENO, Nev.— A Utah company's cancellation of an annual fun run featuring a muddy, foamy obstacle course has left participants out of money in Nevada, Oregon and other states. Registered runners for the 5 K Foam Fest set for Aug. 2 in Reno received an email Thursday from Spanish Fork, Utah- based Round House Racing saying it went out of business and the event was canceled.
A Congressional Budget Office report earlier this year lent some support for that view. It found that a minimum wage of $10.10 an hour, as President Obama supports, could cost 500,000 jobs nationwide.
Groeneveld said the Navy was still reviewing lessons learned from the exercise, which took place aboard the USS Carl Vinson off the coast of southern California. The exercise could help Navy officials make the case for adding EA-18G Growlers to the five planes now slated to go on each of the Navy's 11 aircraft carriers in coming years.
The California cities of San Jose, Vallejo and San Diego all saw a heightened threat, as new fault lines have been recently discovered, the report said. It also upgraded the risks facing parts of the central and eastern United States, singling out areas near New Madrid, Missouri, and Charleston, South Carolina.
ST. LOUIS— A former procurement officer for The Boeing Company in St. Louis pleaded guilty Friday to federal fraud charges for his role in a bribery and kickback scheme involving military aircraft parts sold to Boeing.
WASHINGTON— Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. North Dakota, benefiting from an oil and gas drilling boom, has created nearly 98,000 jobs over the past five years, a 27 percent increase-- by far the best in the country.
NEW YORK, July 17- The U.S. Securities and Exchange Commission has been seeking information on 10 registered broker dealers as part of an ongoing investigation into high-frequency trading strategies, according to an internal SEC document reviewed by Reuters.
LOS ANGELES— In a story July 16 about pet suites being offered in some of its new homes, The Associated Press reported erroneously the number of home communities being built by Standard Pacific Homes.
WASHINGTON— Lawmakers demanded General Motors fire its chief lawyer and do more to help crash victims as a Senate subcommittee delved deeper into GM's mishandling of the recall of small cars with defective ignition switches. Thursday's grilling was GM's fourth appearance before Congress, but senators aren't done with their investigation.
*Morgan Stanley climbs after earnings. NEW YORK, July 17- U.S. stocks edged lower on Thursday in the wake of fresh U.S. and European Union sanctions on Russia, but some stronger-than-expected earnings reports helped keep declines in check.
The Labor Department says weekly applications for unemployment aid fell 3,000 to a seasonally adjusted 302,000. The less volatile four-week average has slipped to 309,000, the lowest reading since June 2007, about five months before the Great Recession began. California: Down 4,008, due to fewer layoffs in the service industry.
WASHINGTON, July 17- Two more major figures in General Motors Co's safety debacle will appear on Thursday for the first time before U.S. lawmakers investigating why it took the automaker more than 10 years to recall millions of vehicles with a deadly ignition switch flaw.
"The Navy could probably accept some slower deliveries, but my marching orders are not to do that at any additional cost to us," Captain Frank Morley, who heads the F/A-18 and EA-18G program for the Navy, said at the Farnborough air show.
All 12 of the Fed's regions reported growth with five— New York, Chicago, Minneapolis, Dallas and San Francisco— characterizing growth as "moderate" while the others reported "modest" growth. Boston and Richmond reported that growth came in at a slightly slower pace than the previous reporting period.
Standard Pacific Homes is building and selling homes in 27 developments from Florida to California and is believed to be the first to offer a pet suite as an option in every one. Standard Pacific, based in Irvine, decided to offer pet suites after conducting livability studies with homeowners.
Boeing's stock soared nearly 80 percent last year, outperforming the Dow Jones Industrial Average and the S&P 500 index. But as indexes pushed higher this year, investors sent Boeing down 5.7 percent amid concern that the aviation business cycle may have peaked and that Boeing's ability to produce positive surprises is limited.