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Business News
Revised estimate of Q2 growth likely to stay solid
WASHINGTON (AP) -- After a grim start to the year, the economy roared back to life in the spring, supporting expectations that the second half of 2014 will turn out far better than the first half....
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Survey: Americans' pessimism on economy has grown
WASHINGTON (AP) -- Americans are more anxious about the economy now than they were right after the Great Recession ended despite stock market gains, falling unemployment and growth moving closer to full health....
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SEC adopts rules on loan-backed securities
WASHINGTON (AP) -- Federal regulators on Wednesday voted to require financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, to give investors details on borrowers' credit records and income....
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GM to move Cadillac SRX production to Tennessee
SPRING HILL, Tenn. (AP) -- General Motors announced Wednesday that it is moving production of its next-generation Cadillac SRX crossover SUV from Mexico to its plant in Tennessee, leading United Auto Workers leaders to chide Tennessee Republicans for their opposition to the union increasing its influence in the state....
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How the Dow Jones industrial average did Wednesday
U.S. stocks drifted mostly higher Wednesday as the Standard & Poor's 500 index set a record for the third day in a row. Trading volume was about one-third below average ahead of the Labor Day holiday weekend in the U.S. with many investors away on vacation....
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