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Business News
US stocks edge higher; Pharmacyclics jumps on AbbVie bid
NEW YORK (AP) -- U.S. stocks edged higher on Thursday, led by gains for utilities and health care companies. Pharmacyclics, a pharmaceutical company that makes cancer drug Imbruvica, surged after AbbVie said it would acquire the company for $21 billion....
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Average US rate on 30-year mortgage drops to 3.75 percent
WASHINGTON (AP) -- Average long-term mortgage rates have fallen for the first time in four weeks and remain near historic lows reached in May 2013....
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US stocks open slightly higher, breaking a two-day slump
NEW YORK (AP) -- U.S. stocks are opening higher, breaking a two-day losing streak, as investors were encouraged by some positive earnings news....
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US productivity falls at faster pace, labor costs rise
WASHINGTON (AP) -- U.S. worker productivity was even weaker than first thought from October through December while labor costs rose at a faster rate....
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Applications for US jobless aid inch up to a 10-month high
WASHINGTON (AP) -- The number of people seeking unemployment benefits rose last week to the highest level since May, though the pace of applications remains at a level consistent with steady hiring....
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