Business

Business U.S. economy forecast to grow by 1.5 percent in 2014 U.S. economy forecast to grow by 1.5 percent in 2014
The Congressional Budget Office on Wednesday forecast that the U.S. economy will grow by just 1.5 percent in 2014, undermined by a poor performance during the first three months of the year.
Business Low-budget Ryanair launches business-class Low-budget Ryanair launches business-class
European budget carrier Ryanair is offering business-class tickets in an attempt to woo companies and governments during penny-pinching times.
Business Malaysia Airlines set for shakeup after disasters Malaysia Airlines set for shakeup after disasters
Malaysia is preparing to unveil the latest overhaul of its beleaguered state-owned airline, which is reeling from twin disasters months apart that killed hundreds of passengers.
Business U.S. durable goods orders surge record 22.6 percent U.S. durable goods orders surge record 22.6 percent
Business orders for long-lasting manufactured goods shot up by the largest amount on record in July. But most of the strength came from demand for commercial aircraft, which tends to fluctuate sharply from month to month. Outside of transportation, orders dipped.
Business Burger King buying Tim Hortons for about $11 billion Burger King buying Tim Hortons for about $11 billion
Burger King says it struck a deal to buy Tim Hortons Inc. for about $11 billion, a move that creates the world's third-largest fast-food company and could accelerate the international expansion of the Canadian coffee and doughnut chain.
Business Burger King in talks to buy Tim Hortons Burger King in talks to buy Tim Hortons
Burger King is in talks to buy doughnut chain Tim Hortons and create a new holding company headquartered in Canada, a move that could shave its tax bill.
Business Sales of US new homes fall in July Sales of US new homes fall in July
Fewer Americans bought new homes in July, evidence that the housing sector is struggling to gain traction more than five years into the economic recovery.
Business Toyota's most rugged Land Cruiser is back in Japan Toyota's most rugged Land Cruiser is back in Japan
Toyota Motor Corp. is bringing back the Land Cruiser 70 in Japan, catering to nostalgic demand for the rugged off-roader that's favored for challenging terrains and as an aid agency vehicle in disaster zones.
Business McDonald's names new US president again McDonald's names new US president again
McDonald's named a new president for its struggling U.S. division on Friday, marking the second change in the high-profile spot in less than two years.
Business Yellen: Job market makes Fed hesitant on rate hike Yellen: Job market makes Fed hesitant on rate hike
Federal Reserve Chair Janet Yellen said Friday that the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.
Business US existing home sales rise for 4th straight month US existing home sales rise for 4th straight month
Sales of existing U.S. homes rose for the fourth straight month in July to their highest level in nearly a year, the latest sign that the housing recovery is picking up after stumbling at the start of the year.
Business Russia checks more McDonald's after closing 3 Russia checks more McDonald's after closing 3
Russia's food safety agency said Thursday that it was checking McDonald's restaurants around the country, a day after several branches of the chain were shuttered in Moscow.
Business Bank of America reaches $17 billion settlement with US Bank of America reaches $17 billion settlement with US
Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.
Business Target cuts outlook as breach fallout lingers Target cuts outlook as breach fallout lingers
Target Corp. slashed its annual profit outlook for the second time in three months as the retailer continues to reel from costs related to a massive data breach, a botched expansion in Canada and sluggish sales in the U.S.