MiamiHerald.com: Breaking News - Business

US durable goods orders rise 3.3 percent in April

Fri, 24 May 2013 08:44 EDT

U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring.

Investors shift focus to growth stocks

Fri, 24 May 2013 16:19 EDT

Growth stocks, neglected at the start of the year, are starting to get a bit of love from investors again.

Oil ends week down 2 pct on tepid demand outlook

Fri, 24 May 2013 12:24 EDT

The price of oil fell 2 percent this week, as oil traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program.

France won't force companies to cap executive pay

Fri, 24 May 2013 05:44 EDT

The French government is trying to woo executives and entrepreneurs, amid concerns that it has antagonized the businesses needed to reinvigorate the economy.

News Summary: US durable goods orders up 3.3 pct.

Fri, 24 May 2013 14:59 EDT

ORDERS UP: U.S. orders for manufactured goods expected to last at least three years rose 3.3 percent in April. The gain was driven by a surge in demand for aircraft and more spending by businesses.

Slovenia adopts debt cap to stave off crisis

Fri, 24 May 2013 09:24 EDT

Slovenia's parliament on Friday adopted a cap on public spending to try to convince foreign investors that the small eurozone country will not need an international bailout.

Japan's PM Abe defends policies as markets settle

Fri, 24 May 2013 00:29 EDT

Japan's top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe, though the central bank chief acknowledged a need for better communication with financial markets, a day after Tokyo shares suffered their worst loss since the 2011 tsunami disaster.

How the Dow Jones industrial average fared Friday

Fri, 24 May 2013 17:29 EDT

Major stock indexes closed out their first weekly loss in a month in quiet trading Friday.

Delta ups the ante in battle for NY travel market

Fri, 24 May 2013 13:44 EDT

Delta's formula for winning over New York travelers is simple: floor-to-ceiling windows, abundant power outlets and a burger joint with a cult-like following.

Futures slide; markets appear headed for down week

Fri, 24 May 2013 08:24 EDT

Stock futures are sinking and it appears major U.S. indexes are heading for a down week roiled by corporate earnings, good and bad, and confusion about what the Fed will do next.

Recalls this week: Children's beds, shades

Fri, 24 May 2013 15:29 EDT

A line of children's beds with defective mattress support rails and motorized shades with overheating batteries are among this week's recalled consumer products.

China gives US regulators access to audit records

Fri, 24 May 2013 10:44 EDT

China has agreed to give U.S. regulators access to audit records for Chinese companies whose shares trade on U.S. stock exchanges, a step forward in a long-running dispute.

German business confidence unexpectedly rebounds

Fri, 24 May 2013 02:49 EDT

German business confidence rebounded this month in an unexpectedly strong showing that sends a hopeful signal for more robust growth in Europe's biggest economy, a closely watched survey found Friday.

Metals and agricultural futures prices slip

Fri, 24 May 2013 17:29 EDT

Metals prices ended slightly lower Friday, as did agricultural futures.

Stocks barely budge; market ends week with loss

Fri, 24 May 2013 13:49 EDT

Major stock indexes closed out their first weekly loss in a month in quiet trading Friday.

Government, creditors object in CODA bankruptcy

Fri, 24 May 2013 16:04 EDT

Attorneys for the federal government and unsecured creditors have filed objections to electric car maker CODA Holdings' bankruptcy plans.

At a glance: Memorial Day gasoline prices

Fri, 24 May 2013 11:49 EDT

The average price of a gallon of gasoline is about the same as it was last year at this time, and could be slightly cheaper by Monday. But it's more than double what it was in 2000. Here's how the price of gasoline on Memorial Day has changed since then, according to GasBuddy.com.

Summer travel forecast: Better, but no blowout

Fri, 24 May 2013 03:09 EDT

This summer, high rollers are flying to lavish hot spots for their vacations. The rest of us are driving to less luxurious places like nearby campgrounds.

Trustee opposes $20M payout to American Air CEO

Fri, 24 May 2013 18:29 EDT

The Justice Department is objecting to a proposed $20 million severance payment for American Airlines CEO Tom Horton, saying it's bigger than allowed by bankruptcy law.

Schumer urges look at security in Sprint deal

Fri, 24 May 2013 14:44 EDT

Sen. Charles Schumer urged regulators to "use extreme caution" when reviewing the proposed acquisition of No. 3 cell carrier Sprint Nextel by Japan's Softbank, saying the Japanese company's use of Chinese networking equipment could open up U.S. networks to snooping and hacking.