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September 29, 2016

ALGIERS, Algeria — OPEC nations reached a preliminary agreement Wednesday to curb oil production for the first time since the global financial crisis eight years ago, in an effort to reduce a global glut of crude that has depressed oil prices for more than two years and weakened the economies…


Consumer confidence jumps in September

September 28, 2016

WASHINGTON — U.S. consumer confidence in September rose to the highest level in nine years, a hopeful sign that economic growth will accelerate in coming months.

The Conference Board said Tuesday that its consumer confidence index rose to 104.1, up from 101.8 in August. It was the strongest…


New home sales plunge 7.6 percent in August

September 27, 2016

WASHINGTON — Sales of new homes retreated in August, one month after surging to the highest level in nearly nine years. Activity fell in all regions of the country except the West.

New home sales dropped 7.6 percent last month to a seasonally adjusted annual rate of 609,000 units, the…


Negative online reviews are double-edge sword for businesses

September 26, 2016

NEW YORK — It is a double-edged cybersword: a negative review of a restaurant or other business, posted for the world to see.

Anyone who peruses Yelp!, TripAdvisor, Google and companies' own websites can see complaints about bad food, surly sales associates, late deliveries or defective…