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Dow spikes to all-time record high

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A board on the floor of the New York Stock Exchange shows the closing number for the Dow Jones industrial average, Tuesday, March 5, 2013. The Dow closed at an all-time high Tuesday, beating the previous record it set in October 2007, before the financial crisis and Great Recession.  AP/RICHARD DREW

The Dow Jones Industrial Average powered to an all-time record high Tuesday exactly four years after hitting bottom in the worst economic crisis since the Great Depression.

Posted: March 6th, 2013 in Latest Business Stories | Read More »

American Airlines, US Air to form largest US carrier

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A US Airways jet passes an American Airlines jet, Thursday, Feb. 14, 2013, at Sky Harbor International Airport in Phoenix. The merger of the two airlines has given birth to a meg- airline with more passengers than any other in the world.  AP PHOTO/MATT YORK

American Airlines and US Airways announced a long-expected merger Thursday that would create the largest US airline, giving them more weight in an industry that has steadily consolidated in recent years.

Posted: February 15th, 2013 in Latest Business Stories | Read More »

US accuses S&P of fraud in mortgage bond ratings

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AP FILE PHOTO

US Justice Department officials Tuesday accused Standard & Poor’s of fraud for inflating the ratings of mortgage bonds before the 2008 crisis, costing federally insured institutions at least $5 billion in losses.

Posted: February 6th, 2013 in Latest Business Stories | Read More »

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