BREAKING NEWS

AM BUSINESS BRIEF 3-21-13

Wall Street stocks closed higher today after the Federal Reserve stood by its plan to pursue aggressive measures to boost the economy. Fed chairman Ben Bernanke says THERE ARE SOME BRIGHT SPOTS in the economy:

AM BUSINESS BRIEF 3-20-13

Wall Street stocks closed higher today after the Federal Reserve stood by its plan to pursue aggressive measures to boost the economy. Fed chairman Ben Bernanke says THERE ARE SOME BRIGHT SPOTS in the economy:

AM BUSINESS BRIEF 3-19-13

AM BUSINESS BRIEF 3-18-13

Cyprus banks will remain closed until Thursday as lawmakers try to amend a bailout deal that would raid bank accounts in the country. The move would seize up to 10 percent of deposits as a condition for a 13-(b) billion dollar international rescue package. A parliamentary vote on the plan has been postponed as the government and eurozone finance ministers discuss changes.

AM BUSINESS BRIEF 3-15-13

AM BUSINESS BRIEF 3-14-13

The Dow is on a roll! The bleu-chip index has closed higher for the tenth consecutive session; the first time that's happened since way back in November of '96.

Wall Street's key averages closed higher today, following an unexpected increase in U.S. consumer spending last month. The government reports retail sales rose one-point-one percent:

AM BUSINESS BRIEF 3-13-13

Another record close for the Dow -- barely. The blue-chips were up several points at the closing bell.

AM BUSINESS BRIEF 3-12-13

New York City Mayor Michael Bloomberg says the city will appeal a judge's ruling that struck down a pioneering ban on big sugary drinks just hours before it was supposed to take effect.

AM BUSINESS BRIEF 3-11-13

New York City's groundbreaking limit on the size of sugar-laden drinks has been struck down by a judge shortly before it was set to take effect tomorrow.

The White House is cheering the latest figures that show the nation's jobless rate dropping to it's lowest level in four years. Chief Economic Advisor Alan Krueger.

AM BUSINESS BRIEF 3-8-13

AM BUSINESS BRIEF 3-6-13

The Dow surged to a record high today. The NASDAQ and the S&P were up sharply as well. The market -- responding to solid corporate earnings and an encouraging report on home prices. Real estate data provider CoreLogic says prices rose 9.7 percent in January from a year earlier; the biggest annual gain since April 2006!

The Pentagon will furlough about 15,000 military school teachers and staff around the world because of the automatic budget cuts that took effect last Friday, but spokesman George Little said Monday the department will manage the process so the schools don't lose their accreditation.

After struggling earlier in the day, Wall Street stocks pushed into positive territory; Wall Street's key averages closed higher, while oil ended lower.

AM BUSINESS BRIEF 3-4-13

Wall Street stocks closed higher today, despite the government budget stand-off. Early stock market losses vanished after a report on U.S. manufacturing in February: