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Business News
Volkswagen finance chief Poetsch set to become new chairman
BERLIN (AP) -- Volkswagen says its chief financial officer, Hans Dieter Poetsch, is set to become its new chairman - filling the position that longtime company patriarch Ferdinand Piech vacated in April....
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Average US rate on 30-year mortgage rises to 3.89 percent
WASHINGTON (AP) -- Average long-term U.S. mortgage rates rose this week after a sharp drop the previous week, as global markets continued to whipsaw amid economic disruption in China and uncertainty over Federal Reserve interest-rate policy....
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US services firms expand rapidly, lifted by strong sales
WASHINGTON (AP) -- U.S. services companies expanded at a healthy pace in August, lifted by robust consumer spending resulting from steady job gains....
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General Mills selling Green Giant, Le Sueur for $765M
MINNEAPOLIS (AP) -- General Mills is selling its Green Giant and Le Sueur vegetable businesses to B&G Foods Inc. for about $765 million in cash....
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Global stocks gain; Europe's central bank promises support
NEW YORK (AP) -- U.S. and global stocks rose Thursday as a holiday in China gave investors a break from the recent torrid swings in that country's markets. The European Central Bank said it was willing to provide more stimulus to the region's economy, if needed, helping to send stocks higher there....
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