A federal appeals panel should reconsider its reversal of a fraud verdict against Bank of America Corp. and $1.2 billion penalty resulting from the bank’s actions during the 2008 financial crisis, prosecutors say. Prosecutors filed papers with the 2nd U.S. ...
Read More »Volkswagen settles emissions-cheating cases for over $15B
Volkswagen will spend more than $15 billion to settle consumer lawsuits and government allegations that it cheated on emissions tests in what lawyers are calling the largest auto-related class-action settlement in U.S. history. Under the settlement revealed Tuesday by a ...
Read More »Frozen food recall covers hundreds of items from many stores
Amid a massive frozen foods recall involving millions of packages of fruits and vegetables that were shipped to all 50 U.S. states, Canada and Mexico, authorities who want to stem the listeria-linked illnesses and deaths worry it’ll be difficult to ...
Read More »US home rents up in March, but signs suggest an easing trend
Americans paid more to rent homes last month, but broader measures suggest that the surging increases of prior years have moderated in much of the country. Real estate data firm Zillow said Friday that the median U.S. monthly rent rose ...
Read More »Apple’s new iDevices say: Small is beautiful, too
As it struggles to match the success of its big-screen iPhones, Apple is now contending that small can be beautiful, too. The giant tech company showed off downsized versions of its signature iPhone and iPad Pro tablet on Monday, hoping ...
Read More »US home sales slump in February; supply shortage hits market
Americans retreated from home-buying in February, reversing months of prior gains as low inventories push up prices to levels that restrict sales. The National Association of Realtors said Monday that sales of existing homes fell 7.1 percent last month to ...
Read More »US productivity stuck in slow-growth mode
U.S. productivity fell in the final three months of 2015 at the sharpest pace in nearly two years, though the decline was not as large as first reported. Labor costs jumped in the fourth quarter at the fastest pace ...
Read More »Monsanto plummets on tough outlook for seeds, weed killer
Shares of agricultural business giant Monsanto tumbled Wednesday after the maker of biotech seeds slashed its 2016 profit guidance due to a dimmer outlook for its product sales. A combination of headwinds, including pricing pressures and unfavorable foreign exchange rates, ...
Read More »Google will let artificial intelligence reply to your email
Google is putting a different twist on the concept of “automated reply” with a new tool that aims to write artificially intelligent responses to your email. The technology is part of an update to Google’s Inbox app for managing and ...
Read More »Survey gives yet another sign of Midwest economic slowdown
Figures plunged in an October survey of supply managers in nine Midwest and Plains states, the third straight month of declines that suggest a regional economic slowdown, according to a report released Monday. The overall Mid-American Business Conditions Index dropped ...
Read More »US construction spending rises 0.6 percent in September
U.S. construction spending rose 0.6 percent in September to the highest level since March 2008, pushed up by a surge in apartment building. The Commerce Department said Monday that spending on construction rose to a seasonally adjusted annual rate of ...
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