NEW YORK (AP) — U.S. stocks are trading lower Wednesday morning as losses for phone and utility companies continue to drag the market from its recent record highs. Retailers including Target and Lowe's are skidding after disappointing earnings. The Federal Reserve will release minutes from its July meeting in the afternoon.
NEW YORK (AP) — The reopening — and reinvention — of the World Trade Center mall Tuesday reflects how much lower Manhattan has changed since the 9/11 attacks.
Once a scene of massive destruction, the area is now a vibrant one of office towers and upscale hotels, with three times the number of residents as before the attacks, weekday employees in industries beyond Wall Street, and millions of tourists visiting every year.
WASHINGTON (AP) — U.S. companies added 179,000 jobs in July, according to a private survey, a steady gain suggesting that hiring remains healthy after a sharp fall-off in the spring.
Payroll processor ADP said Wednesday that last month's job growth was driven by services companies — ranging from retailers to shipping firms — which added 185,000 positions. Construction companies, by contrast, cut jobs. And manufacturers added a meager 4,000 positions.
HARTFORD, Conn. (AP) — Two workers injured in a power plant explosion that killed six other people in 2010 cannot sue a contractor for negligence, the state Supreme Court ruled Wednesday.
Justices issued a 6-1 decision saying O&G Industries of Torrington is immune from the lawsuit under state law because the contractor bore the cost of workers' compensation benefits paid to the two employees, who worked for subcontractors. The ruling upheld a Superior Court judge's...
PEORIA, Ill. (AP) — Caterpillar's second-quarter performance beat Wall Street's expectations, despite weakness in the mining and oil and gas industries. But the company lowered its full-year adjusted profit guidance again, saying global economic growth remains subdued and isn't sufficient to drive improvement in most of the industries and markets it serves.
Shares slipped before the market open on Tuesday.
The mining and construction equipment company earned $550...
KABUL, Afghanistan (AP) — A leading international rights group said Thursday that an estimated quarter of all Afghan children work for a living yet the government fails to protect them from injury, death or exploitation.
Human Rights Watch said children in Afghanistan work long hours for little or no pay, in labor-intensive industries, including carpet-weaving, brick-making, mining, metal work and farming.
Many are forced to leave school early and are driven to...
NEW YORK (AP) — U.S. stocks surged Friday, finishing just short of record highs, as investors responded enthusiastically to a strong June job market report.
The buying accelerated throughout the day after the Labor Department said U.S. employers added 287,000 jobs last month. That was far more than analysts expected, and after weak reports from April and May, it suggests the economy and job market haven't run out of steam.