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The Lead

Clinton Impeachment Shadows GOP Lawsuit

July 29, 2014 9:28 am | by David Espo, AP Special Correspondent | News | Comments

Memories of Bill Clinton and the campaign of 1998 may help explain why Speaker John Boehner and the current GOP leadership want no part of such talk now, although conservatives increasingly clamor for it.               

Russian Execs Fear Lasting Damage From Plane Crash

July 25, 2014 1:45 pm | by The Associated Press | News | Comments

Having for months dismissed Western sanctions on Russia as toothless, business leaders here are...

Orders for Durable Goods Up in June

July 25, 2014 1:41 pm | by The Associated Press | News | Comments

Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a...

Biden Pushes Infrastructure, Job Training in Ohio

July 25, 2014 9:43 am | by The Associated Press | News | Comments

Biden said the keys to putting more people in better-paying jobs and spurring economic growth in...

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China Expected To Declare Qualcomm a Monopoly

July 25, 2014 9:37 am | by Joe McDonald, AP Business Writer | News | Comments

Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly, a government newspaper reported Friday.                          

Layoffs Becoming Rare Across U.S. Job Market

July 25, 2014 9:34 am | by The Associated Press | News | Comments

The trend means greater job security and suggests a critical turning point in the economic recovery. It raises the hope that workers' pay will finally accelerate after grinding through a sluggish recovery for the past half-decade.     

Perry's Tech Startup Fund Is Not All It Seems

July 24, 2014 1:54 pm | by Paul J. Weber, Associated Press | News | Comments

A closer look at the Texas Emerging Technology Fund, one of Perry's signature initiatives in his 14 years as governor, reveals that some of the businesses that received money are not all they seem.                

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Japan Trade Deficit at Record $75B

July 24, 2014 1:51 pm | by Elaine Kurtenbach, AP Business Writer | News | Comments

Japan's trade deficit surged to a record 7.6 trillion yen ($74.9 billion) in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday.                

Senate To Debate Bill Targeting Companies That Move Overseas

July 24, 2014 9:56 am | by The Associated Press | News | Comments

The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. But big hurdles remain.                            

Gov. Walker Got $68K From Companies That Outsourced Jobs

July 24, 2014 9:29 am | by The Associated Press | News | Comments

A recent campaign finance report shows Wisconsin Gov. Scott Walker has received money from at least 11 corporations that outsource jobs to other countries.                            

IMF Cuts Forecast for U.S. Economic Growth

July 23, 2014 2:13 pm | by The Associated Press | News | Comments

The International Monetary Fund has shaved its forecast for U.S. economic growth this year, mostly because of a sharp contraction in the first quarter.                             

Could The U.S. Dip Back Into Recession?

July 23, 2014 10:06 am | by Bernard Condon, AP Business Writer | News | Comments

Sluggish growth in France, Italy, Russia, Brazil and China suggests that the old truism, "When the U.S. sneezes, the rest of the world catches a cold," may need to be flipped.                      

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Michigan Approves 9 Projects To Add 3,900 Jobs

July 23, 2014 10:02 am | by The Associated Press | News | Comments

Michigan on Tuesday approved state incentives for nine economic development projects expected to bring about 3,900 jobs, nearly half from General Motors consolidating engineering jobs from outside the state at a site in Michigan.      

The Revival of American Manufacturing and the Middle Class

July 22, 2014 12:30 pm | by Mike Collins, Saving American Manufacturing | Blogs | Comments

America has been a very weak competitor in the game of globalization and has not used its power or legal rights to improve American manufacturing. The following describes the key issues facing American manufacturer that need to be addressed with action (not rhetoric).

China, Venezuela Deepen Economic Ties

July 22, 2014 9:39 am | by The Associated Press | News | Comments

China approved a $4 billion credit line and a flurry of new cooperative agreements Monday with Venezuela, its chief economic partner in Latin America.                             

Labor Force Drop Had Pre-Recession Roots

July 18, 2014 2:30 pm | by Jim Kuhnhenn, Associated Press | News | Comments

In a new report released Thursday, President Barack Obama's Council of Economic Advisers point to an aging population as the biggest single factor contributing to the lowest participation rate in 36 years.               

Philly Factory Growth Fastest in 3 Years

July 18, 2014 2:21 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

Manufacturing in the Philadelphia region surged in July, expanding at its fastest pace in more than three years, as new orders, shipments and hiring all rose.                            

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Could Brooklyn Hipsters Help Save the Middle Class?

July 17, 2014 2:05 pm | by PBS NewsHour | Videos | Comments

As popular as these start-ups may be, are they generating more jobs? Economics correspondent Paul Solman takes a look at some of these businesses and the challenges of carving out one’s own career.                

Obama Aims To Stop Corporate Overseas Tax Moves

July 17, 2014 9:42 am | by Tom Murphy, AP Business Writer | News | Comments

The Obama administration is urging Congress to act swiftly to curtail a growing trend in which U.S. corporations reorganize overseas with foreign entities in part to trim their tax bills back home.                

Factory Output Rises for 5th Straight Month

July 16, 2014 1:24 pm | by Christopher S. Rugaber, AP Economics Writer | News | Comments

U.S. factory output increased for the fifth straight month in June as manufacturers cranked out more aircraft, chemicals and furniture.                                  

Brewery Boom Is a Bright Spot for New Mexico Economy

July 15, 2014 1:58 pm | by Susan Montoya Bryan, Associated Press | News | Comments

That frosty tide of smooth, golden brown craft beer has finally come in, and it's helping to quench this drought-stricken state's thirst for jobs and economic development.                       

Yellen: Economy Needs Fed Support

July 15, 2014 1:56 pm | by Martin Crutsinger, AP Economics Writer | News | Comments

Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.         

Audit Finds Failed Sugar Mill Cost Taxpayers $71M

July 14, 2014 12:42 pm | by Melinda Deslatte, Associated Press | News | Comments

Louisiana lost more than $71 million in taxpayer money on a failed sugar cane mill in Jefferson Davis Parish that was sold for scrap late last year, according to an audit released Monday.                  

Volkswagen To Add 2,000 Jobs in Tennessee

July 14, 2014 12:34 pm | by Erik Schelzig and Tom Krisher, Associated Press | News | Comments

Volkswagen plans to build a new seven-passenger SUV at its factory in Chattanooga, Tennessee, adding about 2,000 factory jobs as it tries to reverse U.S. sales that have fallen for the past two years.               

White House Says 2014 Deficit To Drop to $583B

July 14, 2014 12:32 pm | by Andrew Taylor, Associated Press | News | Comments

The government's budget deficit will drop to $583 billion this year, the lowest level of President Barack Obama's tenure, the White House said Friday.                             

Obama Taps Controversial Nominee for NLRB

July 14, 2014 9:24 am | by The Associated Press | News | Comments

President Barack Obama is once again nominating lawyer Sharon Block to serve on the National Labor Relations Board, a move that could anger congressional Republicans.                          

Reynolds, Lorillard in Merger Talks

July 11, 2014 2:56 pm | by Michael Felberbaum, AP Tobacco Writer | News | Comments

Cigarette makers Reynolds American Inc. and Lorillard Inc. on Friday said they are in talks of a possible merger that would combine two of the nation's biggest tobacco companies.                      

China Accused of 'Gluttonous, Naked Aggression'

July 11, 2014 2:48 pm | by Matthew Pennington, Associated Press | News | Comments

The chairman of the House Intelligence Committee on Thursday accused China of "gluttonous, naked aggression" in its drive to control territory and resources in the South China Sea.                    

Wisconsin Gave Money to 2 Companies That Outsourced Jobs

July 11, 2014 9:34 am | by The Associated Press | News | Comments

Both companies received millions of dollars in financial awards from WEDC, only to later lay off workers whose jobs were taken by employees at the companies' foreign facilities.                     

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