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Top News & Analysis North America

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  • SAN FRANCISCO, Aug 2- Janet Yellen made her reputation as an early spotter of the looming slump seven years ago when she highlighted some unorthodox indicators of decline in consumer spending: tummy tucks, gourmet dining and country club memberships. As chief of the San Francisco Fed back in 2008, Yellen joked to colleagues at a somber policy-setting meeting...

  • NEW YORK, Aug 2- Verizon Communications Inc and the unions representing its wireline unit employees on the U.S. East Coast said work will go on and talks continue after their current contract expired. Since June, the unions have been in talks with Verizon over the company's plans to cut costs by controlling healthcare and pension-related benefits over a...

  • DANA POINT, Calif.— Billionaire industrialist Charles Koch warned America is "done for" if the conservative donors and politicians he gathered at a retreat this weekend don't rally others to their cause of demanding a smaller, less-intrusive government. As such, five GOP contenders are speaking to the donor group, answering questions. Marco Rubio, responding to a...

  • David and Charles Koch

    Industrialist and conservative donor Charles Koch challenged conservatives to end "corporate cronyism", even if it helps his businesses.

  • FITCHBURG, Wis.— A kitchen appliance manufacturer is planning a $62 million expansion south of Madison, netting $5 million in state and local support for creating an estimated 300 new jobs. Sub-Zero Group, makers of Sub-Zero and Wolf appliances, chose last month to expand its Fitchburg facility over a planned site in Kentucky, the Wisconsin State Journal...

  • LOS ANGELES, Aug, 2- Tom Cruise's "Mission: Impossible-- Rogue Nation" dominated the U.S. box office this weekend with an impressive $56 million at 3,956 locations. The Paramount/ Skydance tentpole generated $20.3 million at the Friday box office, setting an opening day mark for the sturdy franchise- and signaling that Cruise still carries plenty of star power.

  • An Oregon bakery was fined $135,000 for refusing to bake a cake for a lesbian couple's wedding. A Louisiana man posted a video to the Internet lambasting a local Wal-Mart for not making a cake with a Confederate flag on it. "Cake has had symbolic meaning in this country," even aside from politics, said Stephen Schmidt, food historian and writer for the Manuscripts...

  • —In 2014, 1.6 percent of the electricity purchased in the U.S. came from Canada, and 60 percent of that went to New England and New York, according to the U.S. Energy Information Administration. Canadian imports made up 12 to 16 percent of retail electricity sales in New England and New York. —In 2014, Hydro- Quebec, the biggest Canadian player in New England, exported...

  • CONCORD, N.H.— Plenty of raw electricity sloshes around in Quebec's rivers and reservoirs, promising relief for U.S. northeasterners, who pay the nation's highest power costs. But getting those electrons to smartphones and air conditioners in Boston, Hartford and New York City is another matter entirely. The six New England governors say reining in the costs is a...

  • OTTAWA, Aug 2- Canadian Prime Minister Stephen Harper on Sunday called a parliamentary election for Oct 19, kicking off a marathon 11- week campaign likely to focus on a stubbornly sluggish economy and his decade in power. Polls indicate that Harper's right-of-center Conservative Party, which has been in office since 2006, could well lose its majority in the...

  • WASHINGTON— Aiming to jolt the rest of the world to action, President Barack Obama moved ahead Sunday with even tougher greenhouse gas cuts on American power plants, setting up a certain confrontation in the courts with energy producers and Republican-led states. Yet it will be up to Obama's successor to implement his plan, which has faced steep Republican...

  • LONDON, Aug 2- Now that U.S. The challenge is that the U.S. economy is generating very little inflation- not to mention disinflation coming from China and nearly no inflation in Europe- leaving many questioning whether the Fed even should be considering a rate rise. "The pace for growth remains extremely weak by past recovery standards, but with potential growth...

  • A woman uses the Uber app on a smartphone as a taxi cab drives by.

    Uber's battle with Bangalore-based Ola carries special significance, given the huge potential size of India's underdeveloped market. The FT reports.

  • NEW YORK— Verizon and unions representing workers in nine states said employees will work without a contract as more negotiations are scheduled. Marc Reed, Verizon's chief administrative officer, said the company is "disappointed" it was unable to reach an agreement with the unions despite "six weeks of good faith bargaining and a very strong effort by the...

  • OTTAWA, Aug 2- Canadian Prime Minister Stephen Harper was set to call a parliamentary election for Oct 19 on Sunday, kicking off a marathon 11- week campaign likely to focus on a stubbornly sluggish economy and his decade in power. Harper's office said in a statement he is due to visit Governor General David Johnston- the representative of Queen Elizabeth,...

  • OTTAWA, Aug 2- Canadian Prime Minister Stephen Harper was set to call a parliamentary election for Oct 19 on Sunday, kicking off a marathon 11- week campaign likely to focus on a stubbornly sluggish economy and his decade in power. Harper's office said in a statement he is due to visit Governor General David Johnston- the representative of Queen Elizabeth,...

  • NEW YORK— President Barack Obama will impose even steeper cuts on greenhouse gas emissions from U.S. power plants than previously expected, senior administration officials said Sunday, in what the president called the most significant step the U.S. has ever taken to fight global warming. A year after proposing unprecedented carbon dioxide limits, the Obama...

  • President Barack Obama speaks during a press conference in the East Room of the White House in response to the Iran Nuclear Deal on July 15, 2015 in Washington.

    President Obama will unveil regulations representing the strongest US action ever taken against climate change on Monday. The New York Times reports.

  • LAS VEGAS— Subway's "sandwich artists" cranked out a record number of their lunchmeat masterpieces in Las Vegas on Saturday. Franchisees and employees from around the world set a Guinness World Record for the "most people making sandwiches simultaneously" when 1,481 people built subs at the same time during the brand's annual convention in Las Vegas.

  • DANA POINT, Calif.— Billionaire industrialist and conservative political donor Charles Koch welcomed a group of roughly 450 like-minded fundraisers to one of his twice-annual conferences Saturday by challenging them to advocate for ending "corporate cronyism"- even if those policies help their businesses. The Koch brothers and their network of donors, many...