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Business News
Russia's flagship airline to take over domestic rival
MOSCOW (AP) -- Russia's second-largest passenger airline, Transaero, says it will be taken over by the country's top carrier, Aeroflot....
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US factory output up in August at slowest pace since May '13
WASHINGTON (AP) -- A strong dollar and China's economic slowdown dragged growth at U.S. factories to the lowest level since May 2013....
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US construction spending reaches highest level in 7 years
WASHINGTON (AP) -- U.S. construction spending in July climbed to its highest level in more than seven years, boosted by an increase in the building of houses, factories and power plants....
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US stocks fall sharply on bleak Chinese manufacturing report
NEW YORK (AP) -- Stock markets plunged again Tuesday, continuing Wall Street's rocky ride, after gloomy economic data out of China rekindled fears that the world's second-largest economy is slowing much faster than anticipated....
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US auto sales expected to drop in August
DETROIT (AP) -- U.S. auto sales were expected to drop in August, but a quirk in the calendar - not lack of demand - was likely to blame....
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