Business

Business Survey: Pay raises rarer despite strong U.S. hiring Survey: Pay raises rarer despite strong U.S. hiring
U.S. businesses were much less likely to boost pay in the third quarter than in previous months, even as hiring remained healthy, a sign that wage gains may remain weak in the coming months.
Business China's growth likely to slow, research group says China's growth likely to slow, research group says
China's economic growth will decelerate to 4 percent a year between 2020 to 2025 - well below widespread expectations of steady 7 percent to 8 percent growth over the next decade, a business research group predicted.
Business Market turmoil: A gift for mortgage refinancers? Market turmoil: A gift for mortgage refinancers?
The opportunity emerged from the tumult that seized financial markets and sent stock prices and bond yields tumbling. Rates on long-term mortgages tend to track the 10-year Treasury yield, which fell below 2 percent for the first time since May 2013.
Business What's been happening in markets this month What's been happening in markets this month
On Sept. 18, the U.S. stock market reached a record high after a mostly uneventful summer. Long-term interest rates headed higher, a sign that investors expected steady U.S. growth. A widely watched measure of volatility in the U.S. stock market was near its lowest level of the year, and European markets were heading higher after a nasty downturn over the summer. The price of crude oil was declining, but nothing like the sudden plunges that would come weeks later.
Business What's next after wild week for stocks? What's next after wild week for stocks?
Temperamental, flighty, prone to violent mood swings, the market took investors on a wild ride this week. From one day to the next, even within a few hours, stocks swung from despair to optimism, deep losses to big gains.
Business General Motors' legal chief to retire next year General Motors' legal chief to retire next year
General Motors' chief lawyer Michael Millikin, who withstood withering criticism from lawmakers for his department's handling of an ignition switch recall, is retiring early next year.
Business Barbie's star fades, dragging on Mattel in 3Q Barbie's star fades, dragging on Mattel in 3Q
Sales of the iconic doll continue to slide and a surprising drop in sales of its American Girl toys could become another headache for the toy company as it heads into the crucial holiday season.
Business Delta's 3rd quarter profit falls on one-time items Delta's 3rd quarter profit falls on one-time items
Delta Air Lines Inc. said Thursday that third-quarter profit fell 74 percent on one-time costs such as retiring older planes. The results excluding those items beat expectations.
Business Chrysler recalling nearly 907,000 cars, SUVs
Nearly 907,000 Chrysler, Dodge and Jeep SUVs and cars are being recalled for alternators that can fail and heated power mirror wiring that can short and cause minor fires.
Business Average US 30-year mortgage rate at 3.97 percent Average US 30-year mortgage rate at 3.97 percent
Average U.S. mortgage rates tumbled this week. The 30-year loan hit its lowest level since June 2013 as Treasury bond yields marked new lows amid concern over global economic weakness.