US Business News

Fitch Affirms Russia's Rating

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Fitch Ratings affirmed its investment-grade rating for Russia, while maintaining its negative outlook for the nation.

Economist Warns of Risks of Greek Crisis to Eurozone Recovery

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The Greek crisis risks taking the steam out of the eurozone economy, just as the currency area was showing signs of recovering from a long period of weak economic growth, the chief economist for the Organization for Economic Cooperation and Development said.

Airlines' New Normal: More Seats, Fewer Flights

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Using an industry technique known as “upgauging,” airlines increase capacity by adding seats on existing jets and replacing smaller planes with larger ones.

Jobs at a Crossroads: Hiring Up, Pay Flat

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The U.S. job market sits at a crossroads six years into a fitful economic expansion: Hiring is strong, but weak wage growth has failed to pull millions of would-be workers off the sidelines while prompting others to drop out of the labor force.

Intel President James to Leave

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Intel Corp. said President Renée James is stepping down, one of several management changes as CEO Brian Krzanich shakes up the chip maker.

BBC to Cut Over 1,000 Jobs

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The British Broadcasting Corp., the U.K.’s venerable state-funded broadcaster, said Thursday it is cutting more than 1,000 jobs to cope with the increasing migration of television viewers to the Internet.

Tesla's Second Quarter Deliveries Surge 52%

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Tesla Motors delivered 11,507 Model S electric sedans in the second quarter of the year, a 52% increase over the prior-year period and a pace that far exceeds electric-car sales by rivals.

U.S. Jobless Claims Rise to 281,000

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The number of Americans filing new claims for jobless benefits rose last week, but the level remains historically low.

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