Discounts Drive Auto Sales to Best July in a Decade

Ford Fusions are displayed at Al Piemonte Ford on June 3, 2013 in Melrose Park, Illinois. (Scott Olson/Getty Images)
Ford Fusions are displayed at Al Piemonte Ford on June 3, 2013 in Melrose Park, Illinois. (Scott Olson/Getty Images)

DETROIT—Big discounts helped keep U.S. auto sales sizzling in July. General Motors, Ford, Nissan and Chrysler all reported big gains as the major automakers reported...


US Employers add 209K Jobs, Rate Rises to 6.2 Pct.

WASHINGTON— U.S. employers extended this year’s hiring surge into July by adding a solid 209,000 jobs. It was the sixth straight month of job growth above 200,000, evidence that businesses are shedding the caution that had marked the 5-year-old economic …... Read More

  • Axel Kicillof, Argentina's economy minister, addresses member of the news media after a negotiation session Wednesday July 30, 2014, in New York. Argentina officials and US bondholders met for the first time in hopes of preventing an Argentine default. (AP Photo/Craig Ruttle)

    Stocks Fall in Argentina as Country Enters Default

    BUENOS AIRES, Argentina—Stocks fell sharply in Argentina on Thursday as the country defaulted on its bills for the second time in 13 years, raising fears... Read more

  • A T-Mobile store in New York City, April 12. (Spencer Platt/Getty Images)

    French Company Iliad Bidding for T-Mobile US

    NEW YORK—T-Mobile US Inc. has another suitor on its hands. Upstart French telecom company Iliad SA on Thursday said it has offered $15 billion for... Read more

  • People walk past the headquarters of Russian Agricultural Bank in downtown Moscow, Russia, on Wednesday, July 30, 2014. The European Union approved dramatically tougher economic sanctions Tuesday, July 29, against Russia, followed swiftly by a new round of U.S. penalties. Among the targets were three Russian banks: the Bank of Moscow, Russian Agricultural Bank and VTB Bank, Russia's second largest bank. (AP Photo/Ivan Sekretarev)

    EU Identifies 5 Russian Banks It Is Sanctioning

    BRUSSELS—The European Union on Thursday revealed the details of its broad economic sanctions against Russia, including the names of five major banks which will see... Read more

  • George Limperis, a realtor with Paragon Real Estate Group, walks in the backyard of a property in the Noe Valley neighborhood in San Francisco, Wednesday, July 30, 2014. In the souped-up world of San Francisco real estate, where the median selling price for homes and condominiums hit seven figures for the first time last month, the cool million that would fetch a mansion on a few acres elsewhere will now barely cover the cost of an 800-square foot starter home that needs work and may or may not include private parking. (AP Photo/Jeff Chiu)

    In San Francisco Real Estate, $1M Won’t Buy Much

    SAN FRANCISCO—San Francisco Association of Realtors President Betty Taisch has two words of advice for those who want to live here and think $1 million... Read more

  • In this July 10, 2014 photo, a sold sign is posted outside a home in Quincy, Mass. Freddie Mac reports on average U.S. mortgage rates for this week on Thursday, July 31, 2014. (AP Photo/Michael Dwyer)

    Average 30-year Mortgage Rate Down to 4.12 Percent

    WASHINGTON—Average U.S. mortgage rates declined slightly this week, hovering near their lows for the year. Mortgage company Freddie Mac says the nationwide average for a... Read more

  • President Barack Obama waves after stepping off Marine One helicopter on the South Lawn of the White House in Washington, Wednesday, July 30, 2014, as he returns from Kansas City, Mo. (AP Photo/Charles Dharapak)

    Obama Giving Federal Workers More Rights in Labor Disputes

    WASHINGTON—In an election-year rebuttal to Republicans, President Barack Obama will sign an executive order Thursday requiring federal contractors to give their workers more rights in... Read more

  • FILE - In this May 3, 2014, file photo, Wisconsin Republican Gov. Scott Walker speaks in Milwaukee. In a 5-2 ruling Thursday, July 31, 2014, the Wisconsin Supreme Court has upheld the 2011 law that effectively ended collective bargaining for most public workers, sparked massive protests and led to Walker's recall election and rise to national prominence. The ruling is a victory for Walker, who is considering a 2016 run for president and is seeking re-election this year. (AP Photo/Jeffrey Phelps, File)

    Wisconsin Supreme Court Upholds Law Against Collective Bargaining

    MADISON, Wis.—The Wisconsin Supreme Court on Thursday upheld the 2011 law that effectively ended collective bargaining for most public workers, sparked massive protests and led... Read more

  • FILE - In this July 31, 2013 file pghoto, technicians assemble a new steam turbine system in the hard coal-fired power station 'Block 6' of energy provider swb AG at the industrial harbour in Bremen, Germany. A group representing Germany’s machinery industry revised its output forecast sharply lower on Thursday, July 31 2014, pointing to the effects of political tension with Russia and the wider uncertainty it has caused. The VDMA group said it now expects production of machinery to grow by about 1 percent this year, rather than the 3 percent it previously predicted. (AP Photo/dpa, Ingo Wagner, File)

    Russia’s Ukraine Incursions Hurting European Companies

    BERLIN—Russia’s standoff with the West is hurting European companies, from heavy industry to sports goods makers, even before the latest sanctions have a chance to... Read more

  • President of European Central Bank Mario Draghi waits for the beginning of a news conference in Frankfurt, Germany, Thursday, July 3, 2014, following a meeting of the ECB governing council. (AP Photo/Michael Probst)

    Eurozone Inflation Drops but No ECB Action Expected

    BRUSSELS—The inflation rate in the 18-nation eurozone dropped again in July, official data showed Thursday, in a worrying sign that adds pressure on the European... Read more

  • FILE - This April 22, 2014, file photo shows an employment application form on a table during a job fair at Columbia-Greene Community College in Hudson, N.Y.  The Labor Department reports on the number of people who applied for unemployment benefits last week on Thursday, July 31, 2014. (AP Photo/Mike Groll, File)

    Unemployment Claims Rise but Rate Below Pre-Recession Levels

    WASHINGTON—More people sought U.S. unemployment benefits last week, but jobless claims remain at pre-recession levels. Weekly applications for unemployment aid rose 23,000 to a seasonally... Read more

  • Audi S1 cars are displayed during the company's annual general meeting in Ingolstadt, southern Germany, on May 22, 2014. Audi is owned by German auto giant Volkswagen, which achieved by far the biggest sales in Europe in 2013, totaling 237,538 sales. (Christof Stache/AFP/Getty Images)

    Volkswagen Second-Quarter Profit Climbs 14 Percent

    BERLIN—Germany’s Volkswagen, Europe’s biggest automaker, says its net income rose 14.1 percent in the second quarter although revenues slipped even as unit sales pushed higher... Read more

  • President of the European Central Bank (ECB) Mario Draghi attends a Eurogroup meeting held at the EU Council building in Brussels, on July 7, 2014. (Thierry Charlier/AFP/Getty Images)

    Eurozone Inflation Drops, Central Bank Might Have to Act

    BRUSSELS—The inflation rate in the 18-nation eurozone dropped again in July, official data showed Thursday, likely adding pressure on the European Central Bank to beef... Read more

  • File photo of U.S. Federal Reserve chair Janet Yellen testifying before the Senate Banking, Housing and Urban Affairs Committee on July 15, 2014 in Washington, D.C. (Win McNamee/Getty Images)

    No Clear Signs of Rate Hikes, US Fed Keeps Slowing Bond Buying

    WASHINGTON—The Federal Reserve is further slowing the pace of its bond purchases because it thinks an improving U.S. economy needs less help. But it’s offering... Read more

  • A guest uses their cellphone to photograph President Barack Obama as greets the crowd after speaking about the economy, Wednesday, July 30, 2014, at the Uptown Theater in Kansas City, Mo. (AP Photo/Charlie Riedel)

    Obama to GOP: ‘Stop Just Hating All the Time’

    KANSAS CITY, Mo.— Pointing the finger at Republicans for congressional inaction, President Barack Obama chided lawmakers Wednesday for spending the waning days before their month-long... Read more

  • Job seekers line up to sign in before meeting prospective employers at a career fair at a hotel in Dallas, Jan. 22, 2014. (AP Photo/LM Otero)

    Processing Issue Delays Bar Exam Submissions

    DALLAS— Law school graduates taking the bar exam in multiple states experienced delays when they tried to submit their answers on the test’s first day... Read more

  • People shop at an outdoor holiday market in celebration of the season on December 9, 2013 in New York City. (Spencer Platt/Getty Images)

    Revised Data Shows US Economy Grew Faster in Last Half of 2013

    WASHINGTON—Fueled by healthier consumer spending, the U.S. economy grew in the second half of last year at the strongest pace in a decade and more... Read more