Business

Business Yellen says economy still needs Fed support Yellen says economy still needs Fed support
Federal Reserve Chair Janet Yellen said Tuesday that the economic recovery is not yet complete and for that reason the Fed intends to keep providing significant support to boost growth and improve labor market conditions.
Business Memo from Microsoft CEO announcing job cuts
Microsoft announced Thursday that it will cut up to 18,000 jobs, or about 14 percent of its staff. CEO Satya Nadella, who took the job in February, delivered the news to staff in a memo that Microsoft released publicly. Here's the text of that memo:
Business U.S. businesses rebuild stockpiles at steady pace U.S. businesses rebuild stockpiles at steady pace
U.S. companies restocked their store shelves and warehouses at a steady pace in May, a sign they expect sales will remain solid in the months ahead.
Business JPMorgan's second-quarter net income falls JPMorgan's second-quarter net income falls
JPMorgan Chase, the nation's largest bank by assets, said Tuesday its second-quarter earnings fell 9 percent as revenue at its investment banking and mortgage businesses dropped.
Business VW to build new SUV in Tennessee, add 2,000 jobs VW to build new SUV in Tennessee, add 2,000 jobs
Volkswagen plans to build a new seven-passenger SUV at its factory in Chattanooga, Tennessee, adding about 2,000 factory jobs as it tries to reverse U.S. sales that have fallen for the past two years.
Business The World Cup's big winner? Merchandise The World Cup's big winner? Merchandise
The once-every-four-years consumer frenzy, dubbed by some as the "World Cup Effect," drives the sale of everything from the traditional jerseys and cleats to unusual items such as team-endorsed windshield wiper fluid to Versace T-shirts and, yes, mobile phone apps.
Business Aronia berry gaining market foothold in U.S. Aronia berry gaining market foothold in U.S.
A new fruit that research says packs more antioxidants than popular "superfoods" like blueberries, acai berries and goji berries is establishing itself in the aisles of mainstream grocery stores, showing up in everything from juices to powdered supplements to baby food.
Business Economists lower forecasts for U.S. growth Economists lower forecasts for U.S. growth
U.S. business economists have sharply cut their growth forecasts for the April-June quarter and 2014, though they remain optimistic that the economy will rebound from a dismal first quarter.