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AP Business News
03/11/2010 15:43:16
|  Slowly, Americans are regaining their lost wealth
WASHINGTON (AP) - Americans are recovering their shrunken wealth - gradually. Household net worth rose last quarter, mainly because the healing economy boosted stock portfolios. But the gain was slight. And it was less than in the previous two quarters. More » |  Stocks trade flat on concern about China inflation
NEW YORK (AP) - The stock market traded in a tight range for a fourth day Thursday after China reported a jump in inflation. Mixed U.S. economic news also held stocks back. China said its inflation rate rose to 2.7 percent in February from 1.5 percent in January. A steep rise in prices could force China to raise interest rates. That, in turn, could slow one of the world's fastest-growing economies and put a damper on a global recovery. More » | Feds pledge tough review of Comcast-NBC deal
WASHINGTON (AP) - Federal regulators are pledging a rigorous review of the proposed combination of Comcast Corp. and NBC Universal. Christine Varney, head of the Justice Department's antitrust division, and Julius Genachowski, chairman of the Federal Communications Commission, said their agencies will examine the transaction closely to ensure the deal does not stifle competition or harm consumers. Varney and Genachowski made their comments at a Senate Commerce Committee hearing Thursday. More » |  Mortgage rates remain below 5 percent
WASHINGTON (AP) - Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, weeks before a government program that has been keeping rates low is scheduled to expire. The average rate on a 30-year fixed rate mortgage was 4.95 percent this week, down from 4.97 percent a week earlier, mortgage finance company Freddie Mac said. More » |  Smithfield Foods sees profit in 3Q, tops forecasts
PORTLAND, Ore. (AP) - Smithfield Foods Inc., the nation's largest hog producer and pork processor, reported a profit on Thursday for its third quarter after more than a year of losses. Meat companies have struggled for two years with a mix of high feed prices, low demand and industry consolidation battered their profitability but they are showing signs of recovery. More » |
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