WASHINGTON'S LEADING BUSINESS MAGAZINE

Daily Intel

Jobs report helps ease concerns a recession might be nearing
WASHINGTON (AP) — U.S. manufacturing is shrinking, corporate profits are declining and goods are piling up on warehouse shelves. Last month, employers added 151,000 jobs, a tepid pace by recent standards but still enough to help cut the...
Feb 6, 2016 | 2:06 AM
JC Penney looking at possible HQ sale and partial leaseback
NEW YORK (AP) — J.C. Penney is considering selling and partially leasing back its headquarters to help lower debt and create long-term savings. The department store operator said Friday that it has a surplus of square footage available in the Plano...
Feb 6, 2016 | 2:06 AM
Many see cause for optimism despite slower US job growth
Yet once you take a fuller view, a brighter picture of the job market emerges: A sub-5 percent unemployment rate. Last month's pay raises and the addition of retail jobs suggest that consumers have the resilience to bolster growth. The strong...
Feb 6, 2016 | 2:06 AM
Bridgestone-Firestone recalls over 36,000 truck tires
The company says in documents filed with the government that the recall covers tires used on trailers. Tread separation can cause sudden loss of air pressure and increase the risk of a crash.
Feb 6, 2016 | 2:06 AM
Chinese-led investors plan to buy Chicago Stock Exchange
The buyers are considering opening a stock exchange in southwest China and also hope to list Chinese stocks in the U.S., Chicago Stock Exchange CEO John Kerin said in an interview Friday. Leading the investor group is Chongqing Casin Enterprise...
Feb 6, 2016 | 2:06 AM
Apple now accepting your banged-up iPhone
NEW YORK (AP) — Apple for the first time is accepting banged up iPhones as a trade-in from those wanting to upgrade. [...] Apple offered credit to iPhone owners only if the device had an intact screen and working buttons. Apple hopes that with...
Feb 6, 2016 | 2:06 AM
Stocks lose more ground as jobs report disappoints
NEW YORK (AP) — Stocks posted steep losses Friday, ending the week with broad declines, as investors fretted over a report showing that U.S. job creation slowed last month. Energy and consumer discretionary stocks fell as oil prices declined and...
Feb 6, 2016 | 2:06 AM
Scientists turn to drones to count growing seal colonies
On a remote island off of Nantucket, scientists are using a tool most commonly associated with war and surveillance to get a look at fuzzy baby seals. The National Oceanic and Atmospheric Administration used a pair of unmanned aircraft on Muskeget...
Feb 6, 2016 | 2:06 AM
Italian banks hit by concerns over bad loans
MILAN (AP) — Italian banking shares are getting battered this year as the government tries to bundle and dispose of billions of euros in bad loans while attempting to reform and consolidate the ailing sector. Since the start of the year, Italian...
Feb 6, 2016 | 2:06 AM
Energy loans likely to cause further losses for big banks
"While the banks' exposure are not outsized, these loans have already resulted in banks taking loan-loss provisions and we expect that if oil prices remain low for longer these firms are going to take additional losses," said David Fanger, senior...
Feb 6, 2016 | 2:06 AM