Aug 15, 2013 11:15am

Unemployment Claims Lowest Since 2007

The number of jobless claims reported by the Department of Labor fell to 320,000 seasonally adjusted for the week ending Aug. 10, the lowest since Oct. 2007, before the start of the last recession. The figure fell 15,000 from the previous week’s revised tally of… Read More »

Aug 11, 2013 6:01am

Top 5 Business Stories You’ll Care About This Week

    Uncle Sam’s Monthly Budget – On Monday at 2 p.m., the Treasury Department will release its monthly accounting. In June, the government posted its biggest budget surplus in five years – $116 billion. That huge surplus came thanks to what analysts called calendar… Read More »

By ABC News

Aug 8, 2013 4:25pm

Grad Student Looking for Work Gets Noticed for His Sweet Approach

ABC News’ Mary Godie reports: What’s the craziest thing you’ve done to get a job? Ever hand out free coffee and doughnuts in front of a potential employer? Well, that’s what Fordham graduate student Michael Penn, 23, did this morning. His goal: to land a… Read More »

Aug 8, 2013 6:00am

SEC Can Pursue Case Against Alleged Bitcoin Ponzi Schemer, Federal Judge Says

A man accused of being the Bernie Madoff of bitcoin, the electronic currency, can be pursued by the Securities and Exchange Commission after a federal judge ruled that bitcoin is real money. Trendon Shavers is accused of defrauding investors by taking 700,467 bitcoins, worth$4,592,806, and… Read More »

Jul 22, 2013 2:59pm

The Difference Between Royal Wedding and Royal Baby on UK Economy

While not all people outside the U.K. have great interest in the “royal baby” birth, there is one aspect of British tradition that may have traders and those in commerce pleased about “royal baby” news: There will be no closure of British businesses and financial… Read More »

Jul 19, 2013 1:12pm

Next for Detroit: Lots of Pain With Bankruptcy

Filing for bankruptcy means painful changes are ahead for Detroit’s residents, retirees and city workers. But Emergency Financial Manager Kevyn Orr, the expert hired to stop the city’s fiscal free fall, argues “it gives us breathing room.” Bankruptcy was the only choice, says Orr. “We… Read More »

By ABC News

Jul 18, 2013 6:36pm

Tips to Save You $1,000 on Your Energy Bill

Silence is rare in the Bernard household. Usually their three young boys — Logan, Preston and Owen — are zapping mom and dad’s energy. Peter and Julie Bernard aren’t very energy-conscious until that time of the month when the bill arrives. “We try to be… Read More »

Jul 14, 2013 5:52am

Top 5 Business Stories to Watch This Week

Boeing & the 787 — The hits just keep on coming for Boeing’s 787 Dreamliner. The giant plane maker might have thought it had put the grounding and battery problems  in its rear-view mirror, but that doesn’t seem to be the case. Boeing has placed a… Read More »

Jul 11, 2013 4:50pm

Dow Stocks Close at All-Time High

Stocks surged today as investors set aside fears that the Federal Reserve will soon stem its bond-buying that has boosted the economy. The Dow Jones Industrial Average and the S&P 500 – a broader measure of the markets – closed at all-time highs. The Dow finished today’s… Read More »

Jul 9, 2013 7:46am

Barnes and Noble CEO Resigns

Morning Business Memo: Three years after being hired to revive the sagging fortunes of America’s biggest bookseller, the CEO of Barnes & Noble Inc. has resigned. William Lynch’s departure follows another sorry chapter for the retailer. Days ago Barnes & Noble reported that sales plummeted… Read More »