US unemployment benefit applications fall to 343K

WASHINGTON — The number of Americans applying for unemployment benefits fell 5,000 to a seasonally adjusted 343,000 last week, a sign that employers are adding jobs at modest pace. The less volatile four-week average dipped 750 to 345,500, the Labor...

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Group finds carcinogen in Pepsi products

NEW YORK — An environmental group said Wednesday that the caramel coloring used in Pepsi still contains a worrisome level of a carcinogen, even after the drink maker said it would change its formula. In March, PepsiCo Inc. and Coca-Cola Co. both said...

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France calls for 2-week delay in US-EU trade talks

PARIS — The French government said Wednesday it wants the start of major trade negotiations between the United States and the European Union suspended for two weeks amid anger over alleged U.S. eavesdropping on its European allies. The country, whose...

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US trade gap widened in May as exports weakened

WASHINGTON — The U.S. trade deficit widened in May to its highest level in six months as a sluggish global economy depressed U.S. exports. Fewer exports mean U.S. growth in the April-June quarter could be weaker than previously forecast. The trade deficit...

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Markets roiled by oil price spike, Portugal woes

LONDON — Financial markets were roiled Wednesday as Egypt's unfolding political crisis pushed the price of oil to its highest level in more than a year and Portugal's government teetered on the edge of collapse. While the benchmark New York oil price...

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New England jobless rate ticks up to 6.9 percent

PROVIDENCE, R.I. — The unemployment rate in New England ticked up in May but remains considerably lower than the national rate. The New England Information Office of the U.S. Bureau of Labor Statistics said Wednesday the rate for the six-state region...

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Friedman returning as Restoration Hardware co-CEO

CORTE MADERA, Calif. — Gary Friedman is returning as chairman and co-CEO at Restoration Hardware, less than a year after stepping aside, as the home products chain buys his new venture, a company called Hierarchy. In August 2012 the New York Times had...

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Swiss Cabinet sets terms for banks to deal with US

GENEVA — The Swiss Cabinet has agreed to let banks make individual deals on turning over confidential client data to U.S. authorities without facing criminal sanctions under Swiss law. The seven-member council said in a statement Wednesday that the...

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US rate on 30-year mortgage falls to 4.29 percent

WASHINGTON — Average U.S. rates on fixed mortgages eased this week after last week's surge, declines that could prompt homebuyers to act quickly before rates rise further. Freddie Mac says the average on the 30-year loan dropped to 4.29 percent. That's...

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Survey: US services firms grow slower, hire more

WASHINGTON — U.S. services firms grew at a slower pace in June from May but added more jobs. The figures offered a mixed sign for companies that employ roughly 90 percent of the workforce. The Institute for Supply Management said Wednesday that its...

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