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Business News
IMF cuts US and global growth forecasts for 2014
WASHINGTON (AP) -- The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies....
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American Airlines boosts profit on higher revenue
FORT WORTH, Texas (AP) -- Profit and revenue are up at American Airlines, and the company will share some of the gains with shareholders....
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GM profit 2Q falls 85 pct. on recall costs
DETROIT (AP) -- Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes....
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Average US 30-year mortgage rate at 4.13 pct.
WASHINGTON (AP) -- Average U.S. long-term mortgage rates were stable to slightly higher this week, remaining near their lows for the year....
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United Airlines posts 2Q profit, reversing 1Q loss
CHICAGO (AP) -- United Airlines is making money after a slow start to the year....
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