Email List Google Plus
 

Question of the DaySave with the ABC 22 Golf CardReal EstateCalendarPhoto GalleriesTrafficBattle Buddies

Forecast

Tonight: Rain and storms move out through the early evening, some clearing overnight.
Low: 60     Winds: NW 10-15 mph

Monday: Partly to mostly cloudy with a few showers possible in the afternoon.
High: 72     Winds: NW 5-10 mph

Tuesday: ...
More...
Washington Times
Advertise with us!

Business News

Last Update on July 28, 2014 07:39 GMT

WORLD MARKETS

BEIJING (AP) -- Asian stock markets are mostly higher today, shrugging off jitters about stiffer Western sanctions against Russia, after China reported strong corporate profits.

China's benchmark Shanghai Composite Index surged 2.4 percent to 2,178.50. Tokyo's Nikkei 225 added 0.4 percent to 15,512.95 and Hong Kong's Hang Seng was up 1 percent at 24,466.96. South Korea's Kospi gained 0.8 percent to 2,050.19. Sydney's S&P/ASX 200 bucked the regional trend and was flat at 5,583.90.

Profits at China's industrial enterprises soared 17.9 percent in June over a year earlier, the government reported. For the first half of the year, profits were up 11.4 percent, a new high for that period.

The price of oil fell a little, with benchmark U.S. crude for September delivery down 33 cents at $101.76 a barrel.

ECONOMY-THE-WEEK-AHEAD

WASHINGTON (AP) -- A busy week of economic data and corporate earnings reports will be capped off Friday with the government's monthly jobs report.

But the first numbers come this morning when the National Association of Realtors releases its pending home sales index for June. Contracts to buy US homes were up 6.1 percent in May, the sharpest month-over-month gain in more than four years. However, the index remained below its level of a year ago.

On Tuesday, Standard & Poor's releases the S&P/Case-Shiller index of home prices for May, while the Conference Board releases its Consumer Confidence Index, and Federal Reserve policymakers begin a two-day meeting to set interest rates. That, of course, means attention will be focused on the Fed on Wednesday afternoon.

Wednesday morning, the Commerce Department releases its estimate of second-quarter gross domestic product.

Thursday, the Labor Department releases the second-quarter employment cost index and its weekly report on weekly jobless claims, while Freddie Mac releases weekly mortgage rates.

The Labor Department releases employment data for July on Friday, while the Commerce Department releases personal income and spending for June and construction spending. Also Friday, the Institute for Supply Management releases its manufacturing index for July.

On the corporate earnings front, 17 major U.S. companies release quarterly financial results this week. Monday is quiet, but eight companies report on Tuesday, including Aetna, Merck, Pfizer, Reynolds American and UPS before the market opens.

GAS PRICES

CAMARILLO, Calif. (AP) -- A national survey finds the average U.S. price of regular-grade gasoline has plummeted 9 cents a gallon over the past two weeks to $3.58.

That's the largest drop this year.

Industry analyst Trilby Lundberg said Sunday the decrease came despite a rise in crude-oil prices.

Lundberg says U.S. refiners, enjoying plentiful supplies, aggressively cut wholesale prices to chase sales.

Midgrade averages were $3.78, and premium averages were $3.93.

The U.S. average retail diesel price is down 4 cents per gallon, to $3.90.

The lowest average price Lundberg found in the lower 48 states was $3.23 in Tulsa, Oklahoma. The highest was $4.03 in San Francisco.

The lowest average price in California was $3.86 in Sacramento.

NISSAN-RECALL

NEW YORK (AP) -- Nissan is recalling more than 226,000 additional vehicles over a defective air bag that has affected much of the global auto industry.

The National Highway Traffic Safety Administration said Saturday that Nissan North America Inc. is recalling certain lines of its Infiniti, Maxima, Pathfinder and Sentra cars for the model years 2002 to 2004.

It had previously announced a recall of more than 438,000 vehicles.

The move is prompted by faulty air bags that have been blamed for the recall of millions of cars in recent years, including those made by BMW, Chrysler, Ford, Honda, Mazda and Toyota.

The air bags systems were made by Tokyo-based Takata Corp. The air bag inflators can rupture, causing metal fragments to fly out when the air bags are deployed. That can potentially cause serious injuries.

FAST FOOD WORKERS-CONVENTION

VILLA PARK, Ill. (AP) -- Fast food workers from across the country have voted in suburban Chicago to escalate their campaign for higher wages and union representation by including civil disobedience.

More than 1,300 workers gathered Saturday in Villa Park, Illinois. They voted to add sit-down strikes and restaurant occupations to their campaign to win $15-an-hour wages and a union.

Industry officials say a $15-an-hour wage would hurt job creation, and that the solution is more education and job training.

Cindy Enriquez said at the convention that the $8.25 she makes an hour at a McDonalds in Phoenix makes her dream of going to college impossible.

The workers' effort is supported by the Service Employees International Union.

Their actions so far have included one-day strikes and a protest outside this year's McDonald's Corp. shareholder meeting.

ARGENTINA-DEBT

NEW YORK (AP) -- Argentina's negotiations with creditors to resolve a dispute over $1.5 billion in unpaid debts remained deadlocked.

Argentina will default for the second time in 13 years if it's unable to reach a deal with the U.S. hedge funds before July 30.

The debt mediator in the dispute met with Argentine officials Friday. But Daniel Pollack says there has been no progress.

Pollack also said the Argentine mission is returning to Buenos Aires Friday night, but he expects more talks before the deadline.

Following a U.S. judge's order, Argentina can't pay investors who accepted lower-valued bonds after its record $100 billion default in 2001 unless it also pays off bondholders who didn't participate in previous bond swaps.

The holdouts accuse Argentina of refusing to negotiate to avert the default.

OCEAN BLASTING

ATLANTIC CITY, N.J. (AP) -- The federal government is planning to use sound blasting to conduct research on the ocean floor along most of the East Coast, using technology similar to that which spawned a court battle between environmentalists and researchers in New Jersey this summer.

The U.S. Geological Survey plans this summer and next to map the outer limits of the continental shelf, and also study underwater landslides that would help predict where and when tsunamis might occur.

But environmentalists say it could cause the same type of damage to marine life they fought unsuccessfully to prevent this month off the coast of New Jersey.

Cindy Zipf of Clean Ocean Action says the new plan would blast the ocean at floor 236 to 265 decibels every 20 to 24 seconds for 17 days.

Advertise with us!

 
  • Dayton Ohio News, Weather, Traffic :: News - Border Crisis

    Border Crisis

    Get the latest developments on the border control issue!
  • Dayton Ohio News, Weather, Traffic :: News - Chefs Corner

    Chefs Corner

    We often invite local chefs into our studio kitchen to demonstrate their cooking techniques and recipes.  Watch those video segments on this page.
  • Dayton Ohio News, Weather, Traffic :: News - Pay It Forward

    Pay It Forward

    River Valley Credit Union, FOX45, and ABC22 recognize the good deeds of people and organizations who make the Miami Valley a better place.
  • Dayton Ohio News, Weather, Traffic :: News - Health Care Reform

    Health Care Reform

    The Supreme Court ruling to uphold the Affordable Care Act sparked a new battle. Check here daily for the latest developments, locally and across the country.

  • Dayton Ohio News, Weather, Traffic :: News - Secrets Of A Thief

    Secrets Of A Thief

    We expose the "Secrets Of A Thief". Sponsored by Shiver Security.
  • Dayton Ohio News, Weather, Traffic :: News - Cool Schools

    Cool Schools

    Our children are the way of the future and it all starts with our schools. Join us as our Hilary Zalla goes inside schools around the Miami Valley to find out what cool things students and teachers are ...
  • Dayton Ohio News, Weather, Traffic :: News - Town Hall

    Town Hall

    Join in as our expert panel discusses jobs in Ohio
  • Dayton Ohio News, Weather, Traffic :: News - No Text Zone

    No Text Zone

    Texting While Driving Kills Thousands of People Each Year. Many More are Seriously Injured. You Can Help Make Our Roads a NO TEXT ZONE.
  • Dayton Ohio News, Weather, Traffic :: News - Washington Times

    Washington Times

    Politics, Breaking News, US and World News.
  • Dayton Ohio News, Weather, Traffic :: News - On Time Traffic

    On Time Traffic

    Get the latest traffic information and updates here!
  • Dayton Ohio News, Weather, Traffic :: News - School Closings

    School Closings

    Get the list of all closings and delays for schools and businesses within the area, and sign up for text alerts!
  • Dayton Ohio News, Weather, Traffic :: News - Save Local TV

    Save Local TV

    Find out how you can save local TV right here!

  • Dayton Ohio News, Weather, Traffic :: News - Raw News

    Raw News

    Watch raw, unedited and uncensored news stories right here!
  • Dayton Ohio News, Weather, Traffic :: News - Pump Patrol

    Pump Patrol

    Find the lowest gas prices, check out local and national price trends, report low prices and get fuel saving tips!
  • Dayton Ohio News, Weather, Traffic :: News - Political Pulse

    Political Pulse

    Armstrong Williams is a pugnacious, provocative and principled voice for conservatives and Christian values in America's public debates.
  • Dayton Ohio News, Weather, Traffic :: News - News Links

    News Links

    These links were chosen by the newsroom for their newsworthy content. These sites enhance the news stories that aired on the newscast on the dates cited.
  • Dayton Ohio News, Weather, Traffic :: News - Menard's Around the House

    Menard's Around the House

    Menards Around the House how-to videos give you tips for those much needed home improvements!
  • Dayton Ohio News, Weather, Traffic :: News - On the Move

    On the Move

    Get the latest news and more on your mobile phone!
  • Dayton Ohio News, Weather, Traffic :: News - Good Morning

    Good Morning

    It's Fun, it's fresh, the way mornings should be!
  • Dayton Ohio News, Weather, Traffic :: News - Top Stories

    Top Stories

    Get up to the minute information from across Ohio in our Top Stories section!
  • Dayton Ohio News, Weather, Traffic :: News - Your Voice. Your Future.

    Your Voice. Your Future.

    As the country faces challenges from federal budget issues to jobs and national debt, your voice is critical to the future.
  • Dayton Ohio News, Weather, Traffic :: News - Waste Watch

    Waste Watch

    How are your tax dollars being spent? Waste Watch tracks whether local, state and federal governments or any groups are using your money wisely...or wasting it.

more »

Business News

China profits boost Asian stock markets

BEIJING (AP) -- Asian stock markets are mostly higher today, shrugging off jitters about stiffer Western sanctions against Russia, after China reported strong corporate profits.

Consumer Info

   WEST PALM BEACH, FL -- (Marketwired) -- 03/21/14 --
 Companies that pride themselves on being eco-friendly may have conflicted
 ideas between marketing with ad specialties and maintaining their green
 reputation. ...

Entertainment News

BOX OFFICE

LOS ANGELES (AP) -- It was a gal named "Lucy" versus a guy named "Hercules" at your local multiplex this weekend.

Get This

FIST BUMPS-GERMS

NEW YORK (AP) -- Worried about germs?

Science/Tech News

IN THE NEWS: PRO DRONES

WASHINGTON (AP) -- Thirty university and college professors say government restrictions on the use of small drones are likely to stifle academic research.

Tonight on ABC 22

6:00 pm ..... ABC 22 News at Six
6:30 pm ..... ABC World News
7:00 pm ..... Family Feud
7:30 pm ..... Family Feud
8:00 pm ..... Shark Tank
9:00 pm ..... What Would You Do?
10:00 pm ... 20/20
11:00 pm ... ABC 22 News at Eleven
11:30 pm ... Jimmy Kimmel Live
12:30 am ... Nightline
Complete Schedule»