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Business News
US oil and natural gas rig count drops by 3 to 885
HOUSTON (AP) -- Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by three this week to 885....
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Wal-Mart's push on animal welfare hailed as game changer
NEW YORK (AP) -- Wal-Mart's push to get its suppliers to give farm animals fewer antibiotics and more room to roam is expected to have a big impact on the food industry, experts say....
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Toyota promises to help find cause of Takata airbag defects
TOKYO (AP) -- Toyota vowed to help pinpoint the cause of a defect in air bags used in more than 50 million vehicles worldwide, saying the auto industry risks losing the trust of car buyers if the problem drags on unresolved....
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Yellen: 1st rate hike likely by year end if economy improves
Federal Reserve Chair Janet Yellen said she expects the Fed to begin raising interest rates later this year - if the job market improves and it is confident that inflation will rise closer toward its target rate....
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US consumer prices ticking up as Fed weighs first rate hike
WASHINGTON (AP) -- Core consumer prices outside of food and energy posted the biggest increase in April in more than a year, suggesting that an improving U.S. economy is finally starting to lift prices. That could prompt the Federal Reserve to start raising interest rates later this year....
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