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Top News & Analysis United States

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  • ANCHORAGE, Alaska— North America's tallest mountain just got a shorter name. Denali, the Alaska mountain formerly known as Mount McKinley, now measures 20,310 at its highest point in a new official elevation the U.S. Geological Survey announced Wednesday. The change comes just days after the Obama administration announced its decision to bestow the...

  • NEW YORK— Amazon's futuristic "Dash" buttons appear here to stay. And for every $4.99 button customers buy, they'll get a $4.99 credit back into their account. Daniel Rausch, director of product management, said Amazon has been "learning a lot" from the way customers have been using the buttons.

  • SAN JUAN, Puerto Rico— Puerto Rico's power company says it has reached a deal with a group of bondholders to restructure an agency that holds more than $9 billion in debt. Chief restructuring officer Lisa Donahue said the deal is expected to reduce the power company's debt by about $670 million if 75 percent of bondholders outside the group participate.

  • *Ambarella falls as Q3 revenue forecast misses expectations. *Navistar falls on possibility of SEC lawsuit. Sept 2- U.S. stock futures pared some gains on Wednesday, but kept Wall Street on track to open higher, after weaker-than-expected private U.S. jobs data, raising the odds that the Federal Reserve would not raise interest rates this month.

  • ST. LOUIS _ Isle of Capri Casinos Inc. on Wednesday reported fiscal first-quarter net income of $3.1 million, after reporting a loss in the same period a year earlier. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 16 cents per share. Isle of Capri Casinos shares have more than doubled since the beginning of the...

  • WASHINGTON— U.S. businesses added jobs at a steady pace last month, with construction and manufacturing showing solid gains, a private survey found. Payroll processor ADP says that businesses added 190,000 jobs last month, up from 177,000 in July, but below a six-month high in June of 231,000.. The figures suggest that turmoil in the financial markets and worries...

  • WASHINGTON— U.S. productivity in the spring rose at the fastest pace since late 2013, while labor costs declined. Worker productivity increased at an annual rate of 3.3 percent in the April-June quarter, the Labor Department reported Wednesday. That was a rebound from the first quarter when productivity had fallen at a 1.1 percent rate and a sizeable upward...

  • WASHINGTON— US productivity advances at 3.3 percent rate in spring, best showing since late 2013..

  • U.S. producer Century Aluminum warned last week it would begin shuttering its Hawesville smelter in Kentucky in October "unless the current pricing environment substantially improves". Overshadowed by its announcement on Hawesville was Century's decision in July to dismantle permanently its Ravenswood smelter in West Virginia. The uncomfortable truth...

  • ROANOKE, Ind. _ Vera Bradley Inc. on Wednesday reported fiscal second-quarter net income of $5.7 million. Five analysts surveyed by Zacks expected $115.4 million. For the current quarter ending in November, Vera Bradley said it expects revenue in the range of $120 million to $123 million.

  • BROKEN ARROW, Okla.— Blue Bell Creameries has resumed operations at a northwestern Oklahoma facility a day after the company's products returned to the shelves at select locations in Texas and Alabama. The Texas- based company says limited production resumed Tuesday at the facility in Broken Arrow, a Tulsa suburb. A facility in Sylacauga, Alabama started...

  • LISLE, Ill. _ Navistar International Corp. on Wednesday reported a loss of $28 million in its fiscal third quarter. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 11 cents per share. Navistar shares have decreased 48 percent since the beginning of the year.

  • The 20- story tall rocket, manufactured and launched by United Launch Alliance, a joint venture of Lockheed Martin Corp. and Boeing Co., lifted off from Cape Canaveral Air Force Station at 6:18 a.m. EDT/ 1018 GMT. The MUOS network will supplement and eventually replace the Navy's Ultra High Frequency Follow-On satellite system to provide 16 times more...

  • NEW YORK _ G-III Apparel Group Ltd. on Wednesday reported fiscal second-quarter earnings of $12.5 million. For the current quarter ending in November, G-III Apparel expects its per-share earnings to range from $1.78 to $1.83. G-III Apparel expects full-year earnings in the range of $2.78 to $2.88 per share, with revenue expected to be $2.4 billion.

  • WASHINGTON— The Labor Department reports on productivity for the April-June quarter at 8:30 a.m. Eastern Wednesday. PRODUCTIVITY UP: Economists expect an annual growth of 2.8 percent in the second quarter, according to a survey by the data firm FactSet. SLOWER PRODUCTIVITY: A month ago, the government reported that productivity grew at an annual are of 1.3...

  • WASHINGTON— The Commerce Department will release its report on July orders to U.S. factories at 10 a.m. Eastern Wednesday. U.S. manufacturers must contend with a number of headwinds including a sharp slowdown in growth in China, a strong dollar and falling oil prices. On Tuesday, the Institute for Supply Management reported that its manufacturing index slid to...

  • *China regulators investigating stock market volatility. SHANGHAI, Sept 1- Investigations by Chinese authorities into wild stock market swings are spreading fear among China- based investors, with some unsure if they are simply helping with inquiries or actually under suspicion, executives in the financial community said. China has unleashed a volley of...

  • SHERMAN, Texas— A judge in Sherman has sentenced a man to 17 ½ years in prison for swindling investors with a fake story about a Walt Disney theme park in North Texas. Thomas W. Lucas Jr. of Plano was also ordered to pay $8.4 million in restitution Tuesday. The Walt Disney Co. has denied rumors of a North Texas theme park.

  • GENEVA— Swiss drug maker Novartis says it will cooperate with California- based biotech giant Amgen to develop and sell neuroscience treatments for illnesses and ailments like Alzheimer's disease and migraine headaches. A Novartis statement released late Tuesday said that as part of the deal, Amgen will make initial payments and cover some research and...

  • ANN ARBOR, Mich.— India's largest SUV maker is ready to make its debut on U.S. roads. Mahindra hopes to win over city and campus dwellers with a $2,999, Vespa-like electric scooter called the GenZe, which goes on sale this fall in California, Oregon and Michigan. Sales could soon expand to other states and Europe.