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Stocks Close Up As Energy Sector Rebounds

Posted On January 16, 2015

(New York, NY) -- Stocks closed in positive territory to end the week. With oil prices rising a bit, the Dow Jones Industrial Average gained 191 points to close at 17-511. The Nasdaq was up 63 to 46-34 and the S&P 500 ended at 20-19 after gaining 27 points. Energy stocks performed better Friday after weeks…

U.S. Factory Output Slowing As Markets Weaken

Posted On January 16, 2015

(Undated) -- Factory production is slowing in the U.S. as manufacturers adjust to weaker overseas markets. Data from the Federal Reserve showed today that production cooled, with output increasing just point-three percent in December. Experts say growth is slowing to a more sustainable pace as factories take in fewer orders for production. That's in reaction…

U.S. Consumer Prices Post Biggest Drop Since 2008

Posted On January 16, 2015

(Undated) -- U.S. consumer prices fell by the biggest amount in years following the holiday shopping season. The Labor Department announced today that its Consumer Price Index fell by point-four percent last month, which is its largest single-month drop since 2008. Experts say the change could bolster the case for delaying the first interest rate…

Hatch Looks To Improve U.S. Tax Code

Posted On January 16, 2015

(Undated) -- Utah Senator Orrin Hatch believes the country's tax code needs reform. Hatch tells Fox News' "On The Record" he wants a new tax system that's easier for the American people to deal with.   The Chairman of the Senate Finance Committee adds that he doesn't even do his own taxes because it's become…

Taxpayers Should Prepare For IRS Service Cuts, Delays

Posted On January 16, 2015

(Washington, DC) -- The head of the IRS is telling taxpayers not to call his agency looking for help this year. IRS head John Koskinen told reporters yesterday that budget cuts have forced the agency to reduce the number of people who can answer taxpayer questions over the phone. Koskinen urged filers to call "only…