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Business News Headlines - Yahoo! News
Get the latest Business news headlines from Yahoo! News. Find breaking business news, including analysis and opinion on top business stories.
16 Feb 2017 at 12:05pm
The rally was sparked by President Donald Trump's vow last week of tax cuts, and fueled by optimism that his plans for corporate deregulation will expand the economy. At 12:30 p.m. ET (1730 GMT), the Dow Jones Industrial Average was down 18.05 points, or 0.09 percent, at 20,593.81, and the Nasdaq Composite was down 12.63 points, or 0.22 percent, at 5,806.81. The stock was the top boost to the S&P and the Nasdaq.
16 Feb 2017 at 12:13pm
Snap Inc , owner of the popular messaging app Snapchat, on Thursday set a lower-than-expected valuation for itself amid mounting investor concerns over the company's still unproven business model, slowing metrics and tight founder control. The company, which filed for an initial public offering earlier this month, was widely expected to be valued at between $20 billion and $25 billion but fell short by targeting a valuation between $19.5 billion and $22.3 billion ahead of its marketing road show, due to start on Monday in London.
16 Feb 2017 at 10:26am
U.S. homebuilding fell in January as the construction of multi-family housing projects dropped, but upward revisions to the prior month's data and a jump in permits to a one-year high suggested the housing recovery remained on track. Factory activity in the mid-Atlantic region vaulted to a 33-year high in February and the number of new applications for unemployment benefits was less than expected last week. "There is not much to complain about the economy as housing and manufacturing are improving and the labor market remains tight.
16 Feb 2017 at 12:29pm
The number of Americans filing for unemployment benefits increased less than expected last week, a sign that the labor market was continuing to tighten. Initial claims for state unemployment benefits rose 5,000 to a seasonally adjusted 239,000 for the week ended Feb. 11, the Labor Department said on Thursday. Claims have been below 300,000, a threshold associated with a strong labor market, for 102 consecutive weeks.
16 Feb 2017 at 12:18pm
A U.S. appeals court on Thursday said it would rehear a challenge to the Securities and Exchange Commission's use of in-house judges. The order issued by the U.S. Court of Appeals for the District of Columbia Circuit wiped out a three-judge panel's August decision in favor of the commission. Oral arguments will be held on May 24.
16 Feb 2017 at 9:49am
By Joel Schectman, Karen Freifeld and Brett Wolf WASHINGTON/NEW YORK (Reuters) - America's largest banks are to propose a complete overhaul of how financial institutions investigate and report potential criminal activity, arguing that rules imposed in the years after the Sept. 11, 2001 attacks and strengthened during the Obama administration are onerous and ineffective, sources said. The Clearing House, a trade association representing the largest U.S. banks including JPMorgan Chase & Co , Bank of America and Citigroup , has long raised concerns about the effectiveness of the current rules, but this will be the first time the group has publicly called for them to be revamped. The proposal, which could be published as soon as Thursday, will set the stage for an intensive lobbying effort targeting bank regulators and members of the Senate and House of Representatives finance committees.
16 Feb 2017 at 9:09am
JPMorgan Chase & Co is gradually introducing a digital mortgage platform where customers can apply online and track applications by mobile phone. The tools will allow customers to submit and sign documents online and exchange messages with bank staff and real-estate agents so loans can close more quickly and easily, consumer mortgage chief Mike Weinbach said in an interview. "This platform will allow us to be where more of our customers are, which is online and on their phones," Weinbach said.
16 Feb 2017 at 11:27am
The cost of Lockheed Martin Corp's stealthy F-35 jet could fall 16 percent to around $80 million in future purchases, according to the Department of Defense's head of the program. Lieutenant General Chris Bogdan, who runs the F-35 program for the Pentagon, gave his new estimate for the future cost of the jet while speaking to the U.S House of Representatives at a Capitol Hill hearing on Thursday. President Donald Trump and other U.S. officials have criticized the Pentagon's most expensive program for delays and cost overruns, but the price per jet has steadily declined in recent years as production ramps up.
16 Feb 2017 at 11:02am
By Pamela Barbaglia and Ilona Wissenbach LONDON/FRANKFURT (Reuters) - General Motors has played down the possibility of large-scale factory closures in Germany and Britain following any deal to sell its European brands to Peugeot maker PSA Group , according to officials in both countries. News of the talks between the two automakers earlier this week sparked particular concern in Germany and Britain, where Opel and Vauxhall employ thousands of workers.
16 Feb 2017 at 7:21am
The Trump administration's combative view of traditional news media as the "opposition party" and "fake news" is turning out to be the best hope in 2017 for newspapers struggling to attract more digital readers and advertisers. The New York Times , the Financial Times, The Wall Street Journal and Gannett Co are building on the online readership they gained during the 2016 presidential election by marketing unbiased reporting as a sales strategy. The New York Times, which President Donald Trump has referred to as "failing" in his Twitter messages, added a record 276,000 digital news subscribers in the last quarter and sees digital ad revenue up 10 to 15 percent in the current quarter.
2 Apr 2014 at 8:51am
NEW YORK (AP) ? Stocks are getting off to a mixed start on Wall Street as investors asses a pickup in hiring last month at U.S. companies and a handful of corporate earnings.
16 Feb 2017 at 10:42am
If it's lack of options for persistence that's keeping you from using containers, maybe it's time you reconsider.
16 Feb 2017 at 10:23am
The war over customers attracted to unlimited data continues to heat up, this time with Sprint adding fuel to the fire.
16 Feb 2017 at 10:06am
HMD Global's reported reboot of the Nokia 3310 at this month's Mobile World Congress could be a welcome relief in a crowded market, but the company will find it hard to stick to the phone's original concept in today's climate.
16 Feb 2017 at 9:36am
Verizon's purchase of Skyward signals how the telecom giant sees drones as a key part of its fast-growing Internet of Things business unit.
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