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Business News
Unemployment rates fall in two-thirds of US states
WASHINGTON (AP) -- Unemployment rates fell in 34 U.S. states in October, a sign that steady hiring this year has been broadly dispersed through most of the country....
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US stocks jump after surprise rate cut from China
Major stock indexes moved higher in morning trading Friday as traders welcomed news of an interest rate cut in China and the possibility that Europe's central bank will increase its efforts to stimulate economic growth in the region. Investors also pored over a mixed bag of corporate earnings....
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Dow Chemical agrees to add board members
NEW YORK (AP) -- Dow Chemical Co. has agreed to add four new members to its board of directors after pressure from hedge fund activist Daniel Loeb's Third Point....
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French investigate HSBC over possible tax dodging
PARIS (AP) -- HSBC bank was placed under formal investigation in France over services it offered to clients required to pay taxes in France, just days after the private banking branch was charged in Belgium with organized fiscal fraud....
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US stocks rise early after rate cut from China
U.S. stocks rose sharply in early trading after a surprise interest rate cut in China and a hint of further stimulus for Europe from the head of that region's central bank....
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