Business and Finance news

Treasury prices fell Thursday after the government reported that fewer people applied for unemployment benefits last week.
The Labor Department said Thursday that first-time claims for unemployment benefits dipped below 400,000 last week for the first time in four months. That gave investors more confidence to buy riskier assets like stocks. The Dow Jones industrial average […]

You’re poorer than you think.
As the recent turmoil on the Toronto stock market wiped out $163 billion in Canadians’ savings, some are rethinking everything from their planned retirement date to next winter’s beach holiday and even their choice of restaurant.
It’s a phenomenon called the “Wealth Effect,” an economic term that refers to the link between […]

Better.
The job market beat expectations, and the stock market managed a modest gain _ not great, but good enough after a turbulent week.
The nation added 117,000 jobs in July, the government said Friday _ far from what happens in a healthy economy, and only good for a reduction of one notch in the unemployment rate, […]

Deutsche Telekom AG said Thursday net profit fell 27 percent in the second quarter as it took one-time charges for early retirements in Germany and faced lagging revenue and excessive customer turnover in the U.S. mobile business it is selling to AT&T.
Net profit fell to euro348 million ($496 million) from euro475 million in the same […]

LONDON

How do I improve my property with energy-efficient solutions?
With the ever-increasing cost of utilities, this question is becoming a major focus of design professionals. Not matter if you are a homeowner or a facilities manager of multiple buildings, the cost of operations is a burden we all live with.
The concept of an energy audit is […]

President Barack Obama summoned top Democratic lawmakers back to the White House Wednesday to resume negotiations on averting a potentially crippling government default, as attention focused on a new bipartisan budget plan emerging in the Senate.
The White House also indicated Obama would be willing to sign a short-term debt limit increase _ something he’s opposed […]

Gold’s reputation as a safe place for your money sent it above $1,600 for the first time.
Investors are worried about debt problems on both sides of the Atlantic. So they bid gold up $12.30 an ounce Monday to settle at $1,602.40. That’s a record for the market price for gold, but below its 1980 peak […]

Most Asian stock markets slipped along with the dollar Thursday after Moody’s Investors Service threatened to lower the United States’ credit rating.
Japan’s Nikkei 225 stock average fell 0.4 percent to 9,926.74. Exporters lost ground as the dollar weakened against the yen, which reduces the value of overseas profits when repatriated.
The dollar fell into the mid-78 […]

BJ’s Wholesale Club is being acquired by two private equity investors for roughly $2.8 billion.
The nation’s third-largest wholesale club said Wednesday that Leonard Green & Partners and CVC Capital Partners will pay $51.25 per share in cash for BJ’s common stock. That’s a 6.6 percent premium over Tuesday’s closing price of $48.08.
BJ’s has 190 stores […]