Business News

Big business buys back billions of debt
The Philadelphia Inquirer31 minutes ago
Postal Service's red ink for 12th year as letter mail dropsThe U.S. Postal Service is reporting a financial loss for the 12th straight year, citing declining mail volume as well as the costs of its pension and health care obligations
The Associated Press42 minutes ago
Insurer Nationwide cutting 1,100 jobs across countryNationwide insurance intends to eliminate the jobs of 1,100 workers across the country, including around 80 at its Des Moines office
The Associated Press43 minutes ago
Fred Gmitter, a geneticist at the University of Florida Citrus Research and Education Center, holds citrus seedlings that are used for gene editing research at the University of Florida in Lake Alfred, Fla., on Sept. 27, 2018. Gene-editing tools, with names like CRISPR and TALEN, promise to alter foods precisely, and cheaply _ without necessarily adding foreign DNA. Instead, they act like molecular scissors to alter the letters of an organism's own genetic alphabet. (AP Photo/Federica Narancio)
Gene-edited food is coming, but will shoppers buy?First foods made from gene-edited plants getting close to the grocery aisles, a different technology than today's GMOs but will shoppers buy?
The Associated Press47 minutes ago
FILE- In this Friday, Nov. 9, 2018, file photo specialist Mario Picone, center, works with traders at his post on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Nov. 14. (AP Photo/Richard Drew, File)
Energy companies lead US stocks higher as oil prices reboundEnergy companies are leading U.S. stocks broadly higher in early trading, wiping out some of the market's losses from a day earlier
The Associated Press56 minutes ago
Italian deputy Premier and Labor Minister Luigi Di Maio talks to reporters at the end of a cabinet meeting on Italy's budget, outside Rome's Chigi Palace government headquarters, Tuesday, Nov. 13, 2018. (AP Photo/Andrew Medichini)
Italy faces higher borrowing costs, sanctions on budgetItaly's borrowing costs have soared after the populist government resubmitted its draft budget without the sort of significant changes sought by the European Commission
The Associated Press1 hour ago
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