Economies

Oregon Sues Oracle Over Failed Health Care Website

SALEM, Ore.— The state of Oregon filed a lawsuit Friday against Oracle America Inc. and several of its executives over the technology company’s role in...




  • FILE - In this June 18, 2014 file photo, Federal Reserve Chair Janet Yellen speaks during a news conference at the Federal Reserve in Washington.  Yellen gives the keynote speech to open the annual conference of central bankers in Jackson Hole, Wyo. on Friday, Aug. 22, 2014. (AP Photo/Susan Walsh, File)

    Investors Await Yellen Speech for News on Interest Rates

    WASHINGTON—Two days after the Federal Reserve revealed an intensifying internal debate over interest rates, Chair Janet Yellen will address the annual Fed conference in Jackson... Read more

  • Trader Tommy Kalikas, center, works on the floor of the New York Stock Exchange Thursday, Aug. 21, 2014. U.S. stocks are opening higher, pushing the Standard & Poor's 500 index closer toward another record high. (AP Photo/Richard Drew)

    Stocks Dip on Ukraine, Ahead of Yellen Talk

    HONG KONG— European stock markets turned lower on Friday, while Wall Street was expected to open flat, amid concerns of an escalation in the Ukrainian... Read more

  • A view shows some of the 313 luxury estate home sites nestled atop the McCullough Range at Ascaya, Nevada's premier luxury home development, on August 20, 2014 in Henderson, Nevada. Ascaya opened its sales center and began accepting reservations on Wednesday. (Ethan Miller/Getty Images for Ascaya)

    US Housing Sales Increase 4th Month Straight

    WASHINGTON—A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak... Read more

  • Workers fix a large electronic billboard featuring an advertisement for Bank of America on Times Square in New York, February 19, 2014. (Emmanuel Dunand/AFP/Getty Images)

    New York Gets $800M in Bank of America Settlement

    ALBANY, N.Y.—New York state will get $800 million as its share of a national $16.65 billion settlement with Bank of America over its role in... Read more

  • Argentina's economy minister Axel Kicillof speaks to the media after leaving negotiations aimed at avoiding his country's second default in 13 years, on July 29, 2014, in New York. US District Judge Thomas P. Griesa last week ordered round-the-clock negotiations to avert a Wednesday default deadline. But talks have been sporadic and have failed to bring representatives of Argentina to the table with lawyers for US hedge funds. (AP Photo/John Minchillo)

    Argentina Refuses to Comply With US Court Order on Debt Payment

    NEW YORK—A U.S. judge frustrated by debt-ridden Argentina’s refusal to comply with his orders is being urged to take stronger action against the South American... Read more

  • This July 10, 2014, photo shows a home for sale in Quincy, Mass. On Aug. 21, 2014, Freddie Mac is scheduled to report on average US mortgage rates for the week. (AP Photo/Michael Dwyer)

    Average 30-Year Mortgage Rate Decline to 4.10 Percent

    WASHINGTON—Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its low for the year. Mortgage company Freddie Mac says the... Read more

  • In this June 23, 2014 photo, people wait in line to meet with recruiters during a job fair in Philadelphia. The Labor Department reports on the number of people who applied for unemployment benefits last week on Thursday, Aug. 21, 2014. (AP Photo/Matt Rourke)

    US Unemployment Claims Fall to 298K

    WASHINGTON—Fewer people applied for U.S. unemployment benefits last week, another sign the job market is improving. The Labor Department said Thursday that weekly claims for... Read more

  • In this June 2, 2014, photo Apple CEO Tim Cook gestures during the Apple Worldwide Developers Conference in San Francisco. Apple's stock touched a new high on Aug. 20, 2014, reflecting investors' renewed faith in Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs. (AP Photo/Jeff Chiu)

    Apple’s Stock Bounces Back to Hit a New High

      SAN FRANCISCO—Apple’s stock touched a new high Wednesday, reflecting investors’ renewed faith in CEO Tim Cook’s ability to outwit the competition and expand the... Read more

  • Federal Reserve Chair Janet Yellen speaks during a news conference at the Federal Reserve in Washington, June 18, 2014. (AP Photo/Susan Walsh, File)

    Unemployment Benefits Extension 2014: Yellen to Give Outlook

    WASHINGTON (AP) — Janet Yellen has won credit for guiding the Federal Reserve’s first six months of transition from the Ben Bernanke era. Bernanke’s Fed... Read more

  • (Shutterstock*)

    German Chip Maker Infineon to Buy California Tech Firm for $3B

    FRANKFURT, Germany—German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces... Read more

  • Federal Reserve Chair Janet Yellen speaks during a news conference at the Federal Reserve in Washington, June 18, 2014. (AP Photo/Susan Walsh, File)

    Yellen to Describe Fed’s Future Moves at Speech Friday

    WASHINGTON—Janet Yellen has won credit for guiding the Federal Reserve’s first six months of transition from the Ben Bernanke era. Bernanke’s Fed had steered the... Read more

  • Bank Of England Board Divided on Rate Hike

    LONDON—The Bank of England’s consensus on maintaining record-low interest rates has crumbled after more than three years, with two members of the central bank’s monetary... Read more

  • This Sept. 18, 2013, photo shows the Federal Reserve headquarters in Washington. Minutes of the Fed's discussion at its July 29-30, 2014, meeting show that some officials thought the economy was improving enough that the Fed would need "to call for a relatively prompt move" toward reducing the support it has been providing. Otherwise, they felt the Fed risked overshooting its targets for unemployment and inflation. US stocks opened lower Wednesday, Aug. 20, 2014, after two straight days of gains. (AP Photo/J. David Ake)

    Wall Street Stocks Stable as Investors Await Fed Policy News

    NEW YORK—The stock market rose for a third straight day Wednesday despite a report from the Federal Reserve that showed a growing chorus of central... Read more

  • FILE - This Monday, Aug. 19, 2013 file photo shows a shopping cart outside a Target store in Riverview, Fla. Target Corp. reports quarterly earnings on Wednesday, Aug. 20, 2014. (AP Photo/Chris O'Meara, File)

    Target Cuts Annual Profit Outlook

    NEW YORK— Target has slashed its annual profit outlook as the retailer continues to reel from a massive data breach, a disappointing expansion in Canada... Read more

  • FILE - In this Nov. 14, 2011 file photo, a Lowe's employee walks down an aisle in the store in Saugus, Mass. Lowe's reports quarterly earnings on Wednesday, Aug. 20, 2014. (AP Photo/Michael Dwyer, File)

    Lowe’s 2Q Profit Rises as Weather Improves

    MOORESVILLE, N.C.— Lowe’s second-quarter net income increased 10 percent, bolstered by improving weather. The home improvement company’s performance beat analysts’ expectations, but the Mooresville, North... Read more

  • Canada’s Housing Market Gains Strength as Mortgage Rates Stay Low

    Canada’s housing market is akin to a snowball gaining in size as it rolls downhill pushed by ongoing low mortgage rates, but it’s not in... Read more


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