Mount Vernon News


AP Top Business News At 5:27 a.m. EDT

Big slump is no cause to ditch stock market
NEW YORK (AP) -- After more than five years of stock market gains, investors could be forgiven for worrying that big sell-offs may be the harbingers of bigger slumps....

Rural areas seek piece of subprime-loan settlement
Long seen as having devastated Sun Belt cities, the subprime mortgage crisis unleashed turmoil on Ohio and other rural areas. Now federal officials are pledging regulatory attention and financial help....

Yahoo CEO defends strategy in face of criticism
SAN FRANCISCO (AP) -- Signaling her reign has reached a pivotal juncture, Yahoo CEO Marissa Mayer is trying to convince restless shareholders that the long-struggling Internet company is heading in the right direction....

Review: Better cameras, less glare in iPad Air 2
CUPERTINO, Calif. (AP) -- If I've seen you taking photos with a tablet computer, I've probably made fun of you (though maybe not to your face, depending on how big you are). I'm old school: I much prefer looking through the viewfinder of my full-bodied, single-lens reflex camera, even though it has a large LCD screen....

Asia stocks gain on US rally, Europe stimulus talk
Hopes for fresh stimulus from the European Central Bank and China's steady growth bolstered Asian stocks Wednesday after the S&P 500 had its best day of the year. European markets drifted lower....

McDonald's CEO outlines changes as sales slide
NEW YORK (AP) -- After posting yet another disappointing quarter, McDonald's CEO Don Thompson said Tuesday the company hasn't been keeping up with the times and that changes are in store for its U.S. restaurants....

Japan's exports up in September, deficit persists
TOKYO (AP) -- Japan's trade deficit edged higher in September though exports rose more than expected as the yen weakened to a near six-year low, the Finance Ministry said Wednesday....

Bank of England keeps rates steady
LONDON (AP) -- Bank of England policymakers remain split on raising interest rates, voting 7-2 at their last meeting to maintain a record low rate of 0.5 percent amid increasing pessimism about the global economy....

5 problems McDonald's is facing in the US
NEW YORK (AP) -- Times are getting leaner for McDonald's....

Government to announce Social Security COLA
WASHINGTON (AP) -- Millions of older Americans who rely on government benefits are about to find out how much their monthly payments will increase next year....

Business Video
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Up to the Minute
Target offers free shipping on all holiday items

5 problems McDonald's is facing in the US

Yahoo CEO defends strategy in face of criticism

Business Highlights

Coca-Cola and Apple are big market movers

Third Point urges Amgen to consider breakup

Insurer considers Ebola exclusion in some policies

McDonald's CEO outlines changes as sales slide

Jury rules against Texas company in guardrail case

Discover's 3Q net income up nearly 9 percent


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