US Business News

Luxe Valet to Convert Contract Workers to Employees

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On-demand valet-parking service Luxe Valet is the latest tech startup to convert its independent contractors to employees with benefits.

After 13 Spinoffs, Angry Birds Gets a Sequel

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Rovio touts new version’s special goodies as it launches in a crowded gaming marketplace.

Facebook Revenue Rises 39%

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Facebook posted a 39% rise in second-quarter revenue, a sign that deep-pocketed big brands are spending more to advertise across the social network. But expenses grew even faster, rocketing up 82%.

Marketers Use Metal to Talk Tough

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Metals and elements permeate language, but the gold standard is constantly changing. These days, the use of metallic adjectives is more popular than ever, as makers of cars and airplanes tinker with alloys.

Jane Birkin Asks Hermès to Remove Name from Handbags

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British actress Jane Birkin has asked Hermès International to remove her name from its iconic Birkin bags made with crocodile skin, objecting to what she said were cruel methods used on farms that raise the reptiles.

U.S. Health-Spending Growth Jumped to 5.5% in 2014

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Growth in national health spending, which had dropped to historic lows in recent years, has snapped back and is set to continue at a faster pace over the next decade, federal actuaries said.

U.S. Pending Home Sales Slip in June

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A forward-looking indicator of home sales slipped in June, but remained well above year-ago levels, a sign the housing market is stabilizing.

Rising Rents Outpace Wages in Wide Swaths of U.S.

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The cost of renting a home is rising faster than wages across wide swaths of the country, a problem that has become especially acute in the past year, putting a big squeeze on many household budgets.

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