All Economy
- ADP: Private employers add 158,000 jobs in March
ADP data shows that private employers added 158,000 jobs in March, according to the latest National Employment Report from private staffing and business services firm ADP.
- Hyundai, Kia recalling over 1.8 million vehicles in US
The National Highway Traffic Safety Administration has announced that the South Korean automakers will recall nearly two million cars and SUVs in the US.
- FocusBread riots or bankruptcy: Egypt faces stark economic choices
Egypt needs IMF money to stay afloat, but the international lender is demanding tough subsidy cuts from an already-embattled government.
- What immigration reform could mean for US workers
Immigration reform is part of organized labor's long-term strategy, Reich writes.
- Man sues cat owner: Are scratches and bites worth $100,000?
Man sues cat owner for $100,000 over an alleged house-cat attack. He claims the cat "viciously attacked, bit and clawed" him while he cared for it at his home last year.
- Fannie Mae record profit: How long until it pays back bailout money?
Fannie Mae, the mortgage giant, made a record $17.2 billion in 2012. So far, it has paid back $36 billion of the $116 billion it received in a US bailout.
- Stocks rise on strong auto sales, factory orders
Stocks rose Tuesday after reports on auto sales and factory orders provided the latest evidence that the US economy is strengthening. Health insurer stocks rose after the government released revised reimbursement rates for Medicare Advantage plans.
- Construction spending increases in February
Construction spending increased 2.17 percent in February 2013, according to the US Census. That's 20.08 percent above the construction spending level seen in February 2012.
- Subaru recalls vehicles for brake problems
Subaru is recalling about 200,000 Legacy and Outback all-wheel-drive vehicles to fix brake problems. The Subaru recall affects cars from the 2005 through 2009 model years sold in 20 states and Washington, where salt is used to clear roads in the winter.
- Apple CEO apologizes to China for repair policies
Apple CEO apologizes after Chinese government media attacked Apple repair policies in the country. Some Chinese consumers mocked the government's attacks but Apple CEO apologizes nonetheless.
- Car sales rise in March. Chrysler up 5 percent.
Car sales were strong in March. Major automakers including Ford, Chrysler, Toyota, General Motors and Nissan all reported increased car sales, with some reporting their best monthly totals since the start of the Great Recession in December of 2007.
- An electric car – with a side of solar panels
Marrying electric cars with solar panels is a good way of enticing people into buying electric cars, new research shows. Joint efforts from automakers and green energy providers could expand interest in electric cars, Ingram writes.
- Stockton, Calif.: largest city bankruptcy ever
Stockton, Calif., bankruptcy will be closely watched to see who takes the biggest loss: creditors or retirement funds. Although the Stockton bankruptcy is the largest-ever failure of a US city, other cities are also in dire straits.
- J.C. Penney hopes home is where the profits are
J.C. Penney is continuing its image overhaul, this time by focusing on the home department. It is transforming stores into "mini-malls" featuring boutique brand names.
- Stock market's record bull run shows few signs of slowing down
Stock market averages are hitting record highs routinely, and there are few red flags to indicate they are about to peak. Instead, historical data suggest a continued upward trend.
- David Stockman NYT piece rankles liberal pundits
David Stockman has really upset leading liberal pundits through an article he published in the New York Times, Karlsson writes. A breakdown of responses to the David Stockman piece.
- Stocks slide with slowdown in manufacturing growth
Stocks opened April on a weak note, ending slightly lower after an industry group reported that US manufacturing growth cooled in March. Industrial stocks fell the most in the S&P 500.
- How should the US pay for corporate tax reform?
Corporate tax reform in the US seems to be inevitable, Harris writes, but questions remain over how to pay for it. Finland may have the answer.
- Euro countries take deficit limits with grain of salt
When governments pledge to meet certain deficit limits, it is worth nothing if the people who enforce the rules are the politicians themselves, Karlsson writes.
- Supreme Court refuses case challenging full price disclosure for airlines
US Supreme Court action lets stand the federal requirement that airlines disclose the full price of a ticket – base fare plus all taxes and fees – up front for consumers.