Business Story of the Day

Summit To Concentrate On Greece's Impending Deadline To Repay IMF Loan

6:54pm June 22, 2015

by Jim Zarroli

Eurozone leaders are to meet in Brussels on Monday in a hastily called summit aimed at resolving the Greek debt crisis. Greece has until the end of the month to make a huge debt payment to the IMF.

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Oil trains sit idle on the BNSF Railway's tracks in Chicago's Pilsen neighborhood.

Battle Over New Oil Train Standards Pits Safety Against Cost

5:34pm June 22, 2015

by David Schaper

Against the backdrop of several fiery derailments, safety advocates are questioning whether new federal rules meant to prevent incidents go far enough. Opponents say the new rules are too costly.

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Economy

FCC Fines AT&T For False Data Plan Promises

8:05am June 18, 2015

by Joel Rose

Wireless carrier AT&T got hit with a $100 million fine — the largest ever proposed by regulators at the FCC. The company is accused of falsely promising "unlimited" data plans, which it disputes.

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Federal Judge To Assess Damages In Chinese Drywall Lawsuit

5:11pm June 15, 2015

by John Burnett

Residents are still fighting Chinese manufacturers who sold bad drywall that went into the post-Katrina rebuilding effort. On Tuesday their case picks up again in a New Orleans federal courtroom.

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Saudi Arabia Opens Its Stock Exchange To Foreign Investors

8:07am June 15, 2015

by Deborah Amos

Saudi Arabia's stock market opened on Monday to foreign traders for the first time. Why have the Saudis opened the market now, and what does it mean for the market and for investors?

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The inside of J-Mart Wigs after riots left the store in shambles.

For Baltimore Businesses, Aid For Riot Repair Is Not Coming Fast Enough

9:57pm June 14, 2015

by Pam Fessler

Nearly 400 businesses were damaged during riots after Freddie Gray's death. But weeks later, the repairs are limping along, despite promises of aid from nonprofits and both city and state officials.

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Pump jacks and wells work in an oil field on the Monterey Shale formation in California. Economist Michael Porter says that hydraulic fracturing, or fracking, is a "game changer" for the U.S. economy.

America's Next Economic Boom Could Be Lying Underground

11:18am June 13, 2015

by Chris Arnold

When it comes to improving the standard of living for Americans, the middle class could use some help. One Harvard economist says the help is underground, in the form of oil and natural gas.

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That little red "message" light may not be as ubiquitous in offices as it used to be.

Economy

Businesses Are Hanging Up On Voice Mail To Dial In Productivity

7:14am June 12, 2015

by Yuki Noguchi

It was a workplace necessity not long ago. Now voice mail is the latest mode of communication to be phased out by the digital age. Companies big and small are cutting it to save time and money.

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Economy

IMF Recommends Fed Officials Rethink Plans To Raise Interest Rates

7:58am June 05, 2015

The U.S. economic outlook is positive, despite slower than expected growth in the first quarter. Renee Montagne talks to Christine Lagarde, head of the IMF, about some of the group's recommendations.

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Economy

Ex-Employees Accuse CVS Of Racial Discrimination Against Customers

8:30am June 04, 2015

by Hansi Lo Wang

The pharmacy chain CVS is facing a class-action lawsuit by four former employees who accuse their supervisors of ordering them to racially profile black and Latino customers.

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