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U.S. factory activity hits two-year high; private payrolls surge

WASHINGTON U.S. factory activity accelerated to more than a two-year high in January amid sustained increases in new orders and raw material costs, pointing to a recovery in manufacturing as domestic demand strengthens and the drag from low oil prices ebbs.

Recent Business News

New York sues Charter, alleges Time Warner fraud on internet speeds

NEW YORK New York filed a lawsuit on Wednesday accusing Charter Communications Inc of short-changing customers who were promised faster internet speeds than it could deliver.

11:45am EST

Strong iPhone 7 sales 'a bridge' to Apple's next upgrade

"Things don't have to change the world to be important," Apple Inc co-founder Steve Jobs said in an interview in 1996.

10:20am EST

GM posts U.S. sales drop in January, Ford beats view as trucks roar

DETROIT Automakers reported mixed U.S. auto sales for January, with General Motors Co posting a 3.8 percent decline while crosstown rival Ford Motor Co topped analysts forecasts on strong truck sales.

10:28am EST

Anthem considering role in Obamacare insurance in 2018

Health insurer Anthem Inc on Wednesday said it expected to break even or make a small profit in the Obamacare individual market in 2017 even as it considers pulling out of that business next year.

11:27am EST

Exclusive: Japan secures extra cost cuts on U.S. F-35 fighter jet package - sources

TOKYO Tokyo has secured cost cuts on support equipment for its next batch of six U.S. F-35 stealth fighter aircraft of around $100 million, according to sources and Japanese budget papers, on top of savings being finalised for all buyers of the high-tech jets.

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