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Business News
US factory orders advance 1.8 percent in June
WASHINGTON (AP) -- Orders to U.S. factories increased in June, and a key category that reflects business investment plans posted a modest rise. But the gains weren't robust enough to suggest that the sluggish manufacturing sector is mounting a significant turnaround....
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US stocks edge higher; Allstate slumps on weak earnings
NEW YORK (AP) -- U.S. stocks edged higher in early trading Tuesday as energy stocks rebounded from a big sell-off. Those gains were offset by some disappointing earnings reports. Allstate fell sharply after the insurance company reported earnings that missed analysts' expectations....
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GM to invest $877 million to upgrade oldest assembly plant
FLINT, Michigan (AP) -- General Motors says it's investing $877 million to upgrade an assembly plant in Flint....
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US airlines ban shipment of hunting 'trophies'
NEW YORK (AP) -- The big three U.S. airlines have all this week banned the shipment of hunting trophies, although it is unclear how many - if any - they have been carrying in recent years....
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Freddie Mac posts $4.2B profit in 2Q; paying $3.9B dividend
WASHINGTON (AP) -- Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and sold off greater volumes of riskier mortgages....
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