May 18, 2013
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Business News
Associated Press Shoppers visit a J.C. Penney store in New York. This week, the company suffered its biggest stock decline in decades after announcing a significant first-quarter loss.
J.C. Penney’s stocks plunge following substantial 1Q loss
NEW YORK — Wall Street doesn’t seem to like J.C. Penney’s new everyday low pricing any better than Main Street does. The department store chain’s stock plunged nearly 20 percent on Wednesday — t...
May 17, 2012 | 0 0 comments | 3 3 recommendations | email to a friend
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Associated Press General Motors employees work on a van assembly line at GM's plant in Wentzville, Mo. The U.S. auto industry, already stretched to meet growing car and truck sales, faces parts shortages that could limit the number of new vehicles in showrooms later this year.
Shortages could slow down US auto production
DETROIT — The U.S. auto industry, already stretching to meet rising demand for cars and trucks, is facing shortages of parts and materials that could limit the number of new vehicles in showrooms l...
May 17, 2012 | 0 0 comments | 3 3 recommendations | email to a friend
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James Dimon, chairman and CEO of JPMorgan Chase & Co., speaks in 2009 in New York, right. JPMorgan Chase, the largest bank in the United States, said Thursday that it lost $2 billion in the past six weeks in a trading portfolio designed to hedge against risks the company takes with its own money.
Calls to toughen regulation follow JPMorgan loss
WASHINGTON — JPMorgan Chase faced intense criticism Friday for claiming that a surprise $2 billion loss by one of its trading groups was the result of a sloppy but well-intentioned strategy to mana...
May 13, 2012 | 0 0 comments | 3 3 recommendations | email to a friend
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Consumer watchdog weighs limits to fees
WASHINGTON — The government’s consumer-finance watchdog is weighing an overhaul of the fees consumers pay to obtain mortgages. Regulators might ban origination fees that vary with the size of th...
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ADAM SHULL | The Sun Alayna Thompson (left) of Murray walks along with Kacey Key of Mayfield inside Paducah's Kentucky Oaks Mall, one of the places teens can find seasonal, or part-time, work this summer.
Summer job competition red hot
Summer jobs have become so competitive that applicants need resumes showing some experience, even at age 16. “I know that it’s difficult for a young person to have experience coming in, but I in...
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Jobs
Clinical manager — Graduate of an accredited School of Nursing (RN). Current appropriate state licensure. Advanced education preferred. Minimum of 12 months experience in clinical nursing is requir...
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Spain attempts to heal ailing banking sector
MADRID — Spain told its banks on Friday to set aside another €30 billion ($40 billion) to cover potential losses on real estate and ordered an independent audit of their debts, an effort to restore...
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Associated Press Vegetables are displayed at a vendor's stand at the Italian Market in Philadelphia. A big decline in gas and energy costs drove a measure of U.S. wholesale prices lower in April.
Cheaper gas drives down wholesale
WASHINGTON — A big decline in gas and energy costs drove a measure of U.S. wholesale prices lower in April. Outside that drop, prices barely rose. The Labor Department said Friday that the produ...
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Fitch downgrades JPMorgan Chase
NEW YORK — Fitch Ratings and Standard & Poor’s Ratings Services each downgraded their assessment of America’s biggest bank, JPMorgan Chase & Co., on Friday. The rating agencies’ move comes a day...
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Unemployment aid applications drop
WASHINGTON — The number of people applying for U.S. unemployment benefits ticked down last week following a sharp drop the previous week. Applications are falling again after rising for most of ...
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