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Wall Street gains as economic outlook brightens (Reuters)
Reuters - The Dow and S&P 500 closed the week with their seventh gain in eight sessions in a turnaround period for stocks that has seen investors' worst fears about the economy start to dissipate.
Nokia brings in Microsoft exec to replace CEO (Reuters)
Reuters - Nokia has hired Stephen Elop, a Canadian Microsoft executive with Silicon Valley credentials, to replace its embattled chief executive and renew its drive to compete with Apple.
Geoghegan replaces Feinberg as pay czar (Reuters)
Reuters - The Treasury Department has selected Patricia Geoghegan to replace Kenneth Feinberg as the "pay czar" overseeing compensation at companies bailed out by the government.
Google's Android to be world No. 2 in 2010: report (Reuters)
Reuters - Google Inc's Android software will become the world's second most popular operating system for cell phones this year, leapfrogging rival offerings from Microsoft Corp, Research in Motion and Apple Inc, according to a new report.
Toys R Us posts loss on costs and international weakness (Reuters)
Reuters - Toys R Us Inc , which is looking to go public, reported a quarterly loss on higher costs and weakness in its international business.
Wall Street's super traders come under fire (AFP)
AFP - A handful of traders who master stock markets using ultra-fast computers may soon face a clampdown by US watchdogs as they try to prevent freak electronic glitches.
Obama to voters: Our economic policies better (AP)
AP - President Barack Obama says that if voters weigh his economic policies against those of Republicans, then "the Democrats will do very well" in November.
Toys R Us posts 2nd-quarter loss on higher costs (AP)
AP - Toys R Us Inc. posted a loss for its fiscal second quarter as its costs rose.
Greece pledges to overhaul loss-making state rail (AP)
AP - The Greek government pledged Friday to radically overhaul loss-making state rail company OSE, as official data showed efforts to cut the country's bloated budget deficit remained on track, if slightly asthmatic.
Where to Buy a Home for Less Than $800 a Month (U.S. News & World Report)
U.S. News & World Report - While the nation's real estate crash has been a nightmare for homeowners, it has created some outstanding opportunities for would-be buyers. Home prices in 20 major cities dropped 33 percent from the summer of 2006 to the spring of 2009--and in certain markets, the plunge was even steeper. At the same time, the federal government's efforts to revive the housing market have helped drive financing costs to record lows. Thirty-year fixed mortgage rates fell to an average of 4.32 percent for the week ending September 2. That's the lowest level in nearly 40 years of record-keeping. ...
IMF to give Greece further 2.57 billion euro (AFP)
AFP - The International Monetary Fund on Friday announced it would provide Greece with a further 2.57 billion euro, the second installment of an economic rescue package.
Shoe seller DSW's operator says 2Q profit jumps (AP)
AP - Retail Ventures Inc., which operates the DSW shoe store chain, posted a 67 percent jump in second-quarter net income as a key revenue figure improved.
Treasury's Barr to testify on Fannie and Freddie (Reuters)
Reuters - Michael Barr, assistant treasury secretary for financial institutions, and Edward DeMarco, acting director of the Federal Housing Finance Agency will testify on Capitol Hill next week on the future of Fannie Mae and Freddie Mac .
Enbridge says Ill. oil pipeline spill contained (AP)
AP - Enbridge Energy says workers have contained oil that spilled from a leaky pipeline in a Chicago suburb.
2 in Wash. plead guilty to massive tax scheme (AP)
AP - Two Seattle-area men have pleaded guilty to federal charges involving a tax shelter that helped wealthy clients — including philanthropist Robert Wood Johnson IV and Hollywood mogul Haim Saban — avoid paying taxes on $1.3 billion in capital gains.
New GM CEO's pay package worth $9 million (AP)
AP - New General Motors Co. CEO Daniel Akerson will get up to $9 million in salary and stock, the same pay package granted to his predecessor, Ed Whitacre.
Admissions Q&A: Brigham Young (BusinessWeek)
BusinessWeek - Brigham Young University's Marriott School of Management (Marriott Full-Time MBA Profile) offers students more than a rigorous business education. Students at the school, owned by the Church of Jesus Christ of Latter-day Saints, are required to abide by a strict honor code, based on the tenets of the Mormon religion. The code includes rules against academic dishonesty and requires students to "live a chaste and virtuous life." It also prohibits drugs, alcohol, and coffee -- even at home. ...
BBC News - Business
Royal Mail sell-off is confirmed
The government confirms it is to press ahead with a complete sale of Royal Mail, following an updated review of the postal service.
IMF releases new loan for Greece
The International Monetary Fund (IMF) formally approves the second installment of a rescue loan to Greece.
Connaught sale saves 2,500 jobs
About 2,500 jobs are saved after administrators KPMG agree to sell most of Connaught's failed social housing group.
US jobs recovery 'painfully slow'
US President Barack Obama has said that progress in pulling the American economy out of recession has been "painfully slow".
Microsoft executive to lead Nokia
Finnish mobile phone giant Nokia appoints Microsoft business manager Stephen Elop as its new head after a profits slump.
Deutsche 'set to raise 9bn euros'
Shares in Germany's Deutsche Bank fall sharply after reports that it is planning to raise 9bn euros to shore up its finances.
Broadband switch 'too difficult'
Telecoms watchdog Ofcom aims to address the fact that switching broadband providers is viewed as "too much hassle".
Passengers down at BAA airports
Passenger numbers are down at most of the UK's major airports, with Glasgow the worst affected.
US cuts wheat production forecast
The US Department of Agriculture cuts its forecast for global wheat production in 2010-11, but by less than expected.
7-Eleven makes offer for Casey's
7-Eleven, the largest convenience store chain in the US, has offered $2bn to buy smaller rival Casey's General Stores.
China imports in surprise surge
China reported a surprise surge in imports during August, leading to a fall in its trade surplus to $20bn.
Race-row German banker quits post
A German banker at the centre of a row over comments he made about Jews and Muslims agrees to leave his post, the Bundesbank says.
Air Zimbabwe strikers 'face sack'
Air Zimbabwe has warned striking pilots that they could lose their jobs unless they return to work, according to state media.
Welfare bill faces extra £4bn cut
The government is planning to reduce the annual welfare bill by a further £4bn, Chancellor George Osborne tells the BBC.
Bmibaby luggage gauges too small
Budget airline Bmibaby has been charging customers to put bags in the hold when they are small enough for the cabin, the BBC learns.
UK interest rates remain at 0.5%
The Bank of England keeps UK interest rates on hold at a record low of 0.5% for the 18th consecutive month.
Shoppers turning to card payments
The number of cash machines in the UK has fallen and withdrawals have dropped as shoppers turn to cards, figures show.
Income tax: Interest may be added
HM Revenue & Customs says it is impossible to tell how many taxpayers may have to pay interest as a result of tax errors.
Fat cat pensions 'worth millions'
Directors of big companies enjoy hugely generous pensions while cutting workers' pension entitlements, the TUC alleges.
Global economy slowing, says OECD
The global economic recovery is slowing faster than forecast, but a return to recession is unlikely, an economic group says.
North East 'least resilient' area
Industrial areas in the North East and Midlands are least resilient to economic shocks, BBC-commissioned research suggests.
Record goods trade deficit for UK
The UK's goods trade deficit widened to a record high in July after imports rose sharply and exports fell from the previous month.
Goldman Sachs fined £17.5m by FSA
Wall Street banking giant Goldman Sachs is fined £17.5m by the UK's financial watchdog.
Defence firm BAE cuts 1,000 jobs
BAE Systems announces it is to axe almost 1,000 jobs across the UK, with 740 to go from five sites in England.
World Cup knocks trading at HMV
Music, computer games and book retailer HMV says that its sales were disrupted this summer by the football World Cup.
Strike by players to halt Serie A
Players in Serie A plan to strike in a fortnight's time in a protest over their rights.
Transport plan for Games unveiled
Organisers of the 2014 Commonwealth Games unveil plans to keep athletes, spectators and staff moving during the event.
FIA rejects new team applications
Formula 1's governing body turns down all the entries from teams hoping to fill the vacant 13th slot in 2011, with former champion Jacques Villeneuve among those to miss out.
Virgin predicts 'fewer airlines'
Steve Ridgway of Virgin Atlantic calls for the "liberalisation and deregulation of air industry"
Egypt's young designers cut a rug
Fashion-conscious consumers in the Middle East have more choice than ever before.
What does the future hold for Opec?
Is Opec likely to remain a big player in the world economy for the next 50 years?
Google instant 'risk' for small business
Search engine Google has added a new feature so that when you begin to type a word it displays results immediately.
First spending cut areas revealed
The government has revealed the first spending cuts suggested by the public that will actually become policy.
Obama's plans to boost economy
President Obama will continue to lay out his economic plan with a White House news conference later today
German economy still 'fragile'
Europe editor Gavin Hewitt analyses concerns over the strength of the German economy.
Greek shoppers get militant over prices
Activists protesting against Greece's austerity measures are trying a new form of civil disobedience.
Vulnerable to public sector cuts?
Find out how resilient areas of England might be
Are speed records indulgent or are there benefits for all?
Should riot-hit Mozambique switch to homegrown foodstuffs?
Finding investors to delve beneath the ocean waves
What happened to Mercury, as in Mercury music prize?
NYT > Business Day
Top Adviser to Lead Panel on Economy
President Obama will promote Austan Goolsbee to chairman of his Council of Economic Advisers.
Apple Gives App Developers Its Review Guidelines
The company said it would relax its rules on how software developers can build applications for its iPhone and iPad.
Union Accuses China of Illegal Clean Energy Subsidies
The United Steelworkers union plans to file a legal case that accuses China of violating World Trade Organization rules.
Ron Bloom Is Obama?s Manufacturing Emissary
The administration has pledged tax credits and subsidies to spur manufacturing but has said the lead must come from the private sector.
Lobbyists Rush to Hire G.O.P. Staff Ahead of Vote
With Democrats in danger of losing control of Congress, some lobbying shops, trade groups and contractors are moving to hire more Republicans.
E.P.A. to Study Chemicals Used to Tap Natural Gas
The agency is preparing for a scientific study of the effects on drinking water and public health of a drilling technique called hydraulic fracturing, or fracking.
U.S. Pressures I.M.F. to Expand Role of Growing Economies
The push to revamp the fund?s governance has met resistance from Europe.
Harvard Endowment Reports 11% Return for Year
The manager, Jane Mendillo, increased the endowment?s available cash while generating a respectable, if not spectacular return, several endowment experts said.
Takeover Bid Shines Spotlight on Crucial Player in Potash
Canpotex, which is owned by three Canadian potash producers, negotiates long-term, often secret, pricing agreements with offshore customers.
In Adding Book Section, the Journal Bucks Trend
The decision is another step in the paper?s strategy to expand coverage in areas beyond its traditional business roots.
A Rock Impresario Gambles on ?Spider-Man?
Michael Cohl, the lead producer of the musical, is taking a risk on the most expensive show in Broadway history.
Japan Grew 0.4%, Exceeding Estimate
The Japanese government said the gross domestic product grew 0.4 percent in the quarter ending in June, more than they government had forecast.
Bank of England Leaves Rate at 0.5% on Signs of Slowing
The decision came as the O.E.C.D. said annual growth in the G-7 countries would slow to about 1.5 percent in the second half of 2010.
In Germany, a Chance to Take a Bus Trip, Even Cross-Country
Outlawed since 1931 to protect the state-owned railway system, long-distance domestic bus service may become legal in Germany.
U.S. Trade Deficit Narrowed in July
The 14 percent decline in the trade deficit in July should give a lift to overall economic growth.
State of the Art: In Season 9, iPods Still Get High Ratings
The 2010 iPod crop includes modest improvements, a risky new design and a home run in the new iPod Touch.
Advertising: Revealing Little, and Hoping It Will Make Viewers Want More
NBC?s buildup for ?The Event? includes online promotions and a strategy of saying very little about the scripts.
Dressing Gordon Gekko, Then and Now
Esquire sat down with the costume designer for the two ?Wall Street? movies to learn about the art behind dressing Gordon Gekko.
The Consumer Federation of America recently warned consumers to be wary of buying add-on insurance for a number of reasons.
Fast-Food Deal on a Fast Track
3G Capital?s acquisition agreement with Burger King provides for a novel dual-track process, the Deal Professor writes.
ARM Mounts Next Offensive Against Intel
A fresh chip design from ARM could pave the way for the smartphone specialist to enter the data center.
Responding to reader comments on why some business owners succeed.
Google Advertises Its Display Advertising
Google has a new advertising campaign for its own display ad platform.
Wash Post Business
Selling the city on a quarterback hoping to land a big score on the field and in business
On the 12th and top floor of an Arlington building, the quarterback wore a sharp, five-button suit and led a huddle that numbered nearly five dozen.
Quarterback - Video Games - Games - Space Combat - United States
Obama names Goolsbee to head economic council
President Obama on Friday named economist Austan Goolsbee to head the Council of Economic Advisers and urged quick passage by the Senate of his package of small-business incentives.
Barack Obama - President - Christina Romer - Council of Economic Advisers - United States
Executives with criminal records slip through FHA crackdown, documents show
A crackdown on reckless mortgage lenders by the Federal Housing Administration has failed to root out several executives with criminal records whose firms continue to do business with the agency in violation of federal law, according to government documents, court records and interviews.
Law - United States - Business - Business Services - Security
It's a big purchase, so why not invest some time in basic financial analysis
Ben S. Bernanke refinanced; how about you? The Federal Reserve chairman, who bought a rowhouse on Capitol Hill in 2004 using an adjustable-rate mortgage, saw his payments surge in 2009. He refinanced late last year into a 30-year fixed-rate mortgage, for "a little over 5 percent," as he told Time...
Financial analysis - Business - Financial services - Investing - Research and Analysis
Washington area housing market expected to heat up in fall, but buyers are wary
The Washington area real estate market is entering its second-busiest sales period of the year under a yellow flag of caution.
Washington - United States - Business - Business and Economy - Japan
Lawmakers from Virginia vow to fight Defense Department cuts
Gov. Robert F. McDonnell and members of Virginia's congressional delegation vowed Thursday to fight Defense Secretary Robert M. Gates's decisions to shutter the Joint Forces Command, a military installation in Hampton Roads, and to slash the Pentagon's military contracting budget by 10 percent a...
Law - United States - Services - Lawyers and Law Firms - Virginia
Apple finally lays out App Store rules - and makes clear it's still in charge
Apple is still keeping tight control over the universe of programs for the iPhone. But at least it's shedding a little more light on why some apps make it and others get left out.
Apple - AppStore - Macintosh - Apple II - Companies
Obama should call a truce with Wall Street
We need to call a truce between Main Street and Wall Street.
Barack Obama - President - United States - History - Government
Steelworkers union targets China on green-energy exports
The United Steelworkers union launched a broad challenge Thursday against what it alleges is illegal support for China's growing dominance in the renewable energy industry. The move targets China's practices in a sector that President Obama has said is central to U.S. economic renewal.
China - Energy - Technology - United States - United Steelworkers
Republican Voinovich of Ohio to back small-business incentives in Senate bill
Retiring Sen. George Voinovich (R-Ohio) said he plans to help push a package of small-business incentives through the Senate next week, a move that would give President Obama and congressional Democrats a key victory on the economy in the final weeks before the November midterm elections.
Business - Small business - United States - Barack Obama - Senate
Political Economy: U.S. trade gap contracts sharply
The U.S. trade deficit narrowed significantly in July and applications for unemployment benefits fell more than forecast, according to government reports that lifted hopes about the economic recovery.
Economic - International - United States - Balance of trade - Trade
World Economic Forum survey: Debt, financial crisis hurt U.S. competitiveness
Large deficits and a weakened financial system have made the United States less competitive in the global economy, the World Economic Forum said in its annual review of the competitiveness of countries.
World Economic Forum - Financial services - Business - Financial Planning - Business and Economy
Obama plan for corporate tax credit, infrastructure spending gets cool reception
Facing a rising jobless rate and the possibility of a GOP blowout in the November midterm elections, President Obama sought Wednesday to convince voters that he is charting a new path to revive the American economy.
Corporate tax - Tax - Barack Obama - United States - President
Consumer watchdog candidate Elizabeth Warren pays another visit to White House
Elizabeth Warren slipped quietly into Washington on Tuesday to talk with President Obama about the possibility of leading the new Bureau of Consumer Financial Protection, according to people familiar with the meeting.
White House - United States - Elizabeth Warren - Government - President
Financial overhaul's unexpected fallout: Closing of D.C.'s Small Savers day care
Washington's battle for regulatory reform wasn't supposed to have this kind of collateral damage.
Screen Savers - Desktop Customization - Freeware - United States - Business
Federal Reserve 'beige book' signals widespread slowdown of economic growth
The U.S. economy continued growing this summer but "with widespread signs of deceleration," according to the Federal Reserve's "beige book." The compilation of anecdotal information from companies in the 12 Fed districts offers a portrait of an uncertain economic moment in which growth has slowed in
Federal Reserve System - Beige Book - Economic - Social Sciences - US Federal Reserve
Financial literacy campaign could save money for citizens, government
As we continue to assign blame for the nation's economic mess, perhaps it would do us well to look in the mirror.
Financial literacy - Education - Literacy - Organizations - Adult Literacy
One-quarter of Lockheed Martin executives take buyout offer
Bethesda-based contracting giant Lockheed Martin announced Wednesday that more than 600 executives have taken the company up on an early-exit program that provides financial incentives in exchange for leaving.
Shopping - Associations - Coins - Antiques and Collectibles - World Coins
BP releases report on gulf well blowout
BP released a long-awaited report Wednesday on an internal investigation into the causes of its Gulf of Mexico oil well blowout, blaming multiple failures by BP and other firms but absolving its much-criticized well design.
Gulf of Mexico - Oil spill - BP - Blowout preventer - United States
Phasing out the incandescent light bulb
The Energy Independence and Security Act of 2007 legislated a reduction of energy usage and greenhouse gas emissions. The law provides for phasing out today's general service incandescent light bulbs in favor of lower-wattage, energy saving bulbs. Lighting accounts for about 15 percent of the ele...
Light - Incandescent light bulb - Electrical - Shopping - Bulbs
To consumer advocates, Obama's antitrust enforcement looks like more of the same
When President Obama took office, he promised to undo eight years of what he called the weakest antitrust enforcement in half a century. A year and a half later, consumer advocates are still waiting for the crackdown.
Competition law - President - United States - Barack Obama - Google
Light bulb factory closes; End of era for U.S. means more jobs overseas
WINCHESTER, VA. - The last major GE factory making ordinary incandescent light bulbs in the United States is closing this month, marking a small, sad exit for a product and company that can trace their roots to Thomas Alva Edison's innovations in the 1870s.
Light - Business - Business and Economy - China - Incandescent light bulb
Obama unveils more stimulus, tax breaks for business
The president will argue personally Wednesday against extending the Bush-era income tax cuts for the nation's wealthiest families even for a year or two, a message aimed at wavering Democrats who have been swayed by arguments that the economy is too weak to raise anyone's taxes.
Barack Obama - United States - President - Government - History
The bleak truth about unemployment
Somewhere between the rantings of the Republican right, which is peddling the nonsense that excessive government spending is to blame for high unemployment, and the Democratic left, which clings to the false hope that another helping of fiscal stimulus is all that is needed to get millions of Ame...
Unemployment - Work - United States - Employment - Religion and Spirituality
Shubh Hotels Pittsburgh files for bankruptcy protection
Shubh Hotels Pittsburgh, the owner of Pittsburgh's largest hotel, has filed for bankruptcy protection days after Hilton Hotels terminated its franchise license agreement.
United States - Bankruptcy - Law - Services - Lawyers and Law Firms
HP sues ousted CEO Hurd over hiring by rival Oracle
An executive's sex scandal. His ouster. A bombastic billionaire competitor who redeemed him. And now a possible court battle over high-tech secrets.
HewlettPackard - Mark Hurd - Oracle - Oracle Corporation - Larry Ellison
Obama proposal to fund infrastructure projects may hit election year wall
With the nation's bridges and highways crumbling under the weight of age, attempts to pass a new six-year transportation bill have faltered mostly because Congress can't figure out how to pay for it.
Infrastructure - Barack Obama - President - United States - Elections
Aid groups using cellphones to reach the world's poor
SEATTLE - For the world's poorest, cellphone technology carries opportunity, aid groups say, as text messages and other mobile applications have created a new platform to reach the most remote farms and crowded urban slums of Africa, Asia and Latin America.
Mobile phone - Shopping - Health - Arts - United States
World stocks rise on hopes that U.S. economy can avoid returning to recession
World stocks rise on hopes that the U.S. economy can avoid slipping back into recession, although the International Monetary Fund's chief economist warned of weak growth in the United States and Europe.
Economy of the United States - Business - Investing - Stocks and Bonds - Equities
Oracle hires Mark Hurd as president; Phillips resigns
Oracle Corp., the world's second-biggest software company, said former Hewlett-Packard Co. Chief Executive Officer Mark Hurd will become a president and member of the board, reporting to CEO Larry Ellison.
Mark Hurd - Oracle - Oracle Corporation - Databases - Larry Ellison
New council of regulators will take aim at systemic risks
How's this for a daunting assignment: Monitor the entire financial landscape for risks that could spark another crippling crisis. Identify and supervise firms that could pose those systemic risks. And make sure they never grow so large, complex and leveraged that their failure can wreak havoc acr...
Organizations - Religion and Spirituality - Denominations - Christianity - Catholicism
Laid off at the top of his game, video producer reinvented himself
Joe Schreiber had the ride of his life for 23 years.
Video game - Game - Arts - Game Design - Video
Hundreds of new housing units and thousands of square feet of retail are expected in the District's Southwest Waterfront, but with the economy as it is, the neighborhood in the meantime is getting lounge chairs, outdoor yoga classes and unimpeded waterfront views.
Business - Construction and Maintenance - Consulting - Construction - Southwest Waterfront
Economic events for the week of Sept. 6, 2010
Economic - Social Sciences - United States - Forecasting and Consulting - Economic development
'Could lightning strike twice for me?'
Position: Chief operations leader of Dell Services Federal Government Group, a Fairfax-based Federal government information technology services provider.
Atmospheric Sciences - Meteorology - Earth Sciences - Weather Phenomena - Thunderstorms and Lightning
In struggling housing market, buyers and sellers are out of sync
Jack Donnelly put off selling his Capitol Hill rowhouse for three years until he thought he saw glimmers of life in the housing market this past spring. At $950,000, he said, the red brick Victorian is a "solid deal."
Real estate economics - Real estate - Business - Business and Economy - Residential
Warren Brown reviews the 2011 Honda CR-Z EX
The theory of "temperate pragmatism," in vogue with some futurists, says we will no longer pursue luxury without portfolio. Hard times have chastened us, including those with money, or those left with less of it after Wall Street scams and bank failures, the theory says.
Honda - Honda CR-Z - Makes and Models - Recreation - Autos
Mobile apps can give careers, job searches a boost
Your career is about to get a boost from some mobile apps. And your on-the-go life could be a little better, less cluttered and more informed as a result of embracing use-anywhere tech tools.
Employment - Business and Economy - Canada - Job Search - Business
Must-have mobile apps for job seekers
What are the must-have mobile apps for job seekers? Consider these, in addition to LinkedIn, Twitter and Craigslist:
Employment - Job Search - Business - Canada - Business and Economy
Making Social Security less generous isn't the answer
There are a lot of things Congress doesn't know right now. What to do about jobs, for instance. Who'll be running the House come January. How to balance the budget. But there is one thing that both parties increasingly seem to agree on: You should work longer.
Social security - United States - Politics - Privatization - Law
Color of Money: Author Willie Jolley tells how to face economic fears positively
TURN SETBACKS INTO GREENBACKS: 7 SECRETS FOR GOING UP IN DOWN TIMES
Color Of Money - Arts - Romance - Sports - United States
Blowing the whistle on a co-worker's resume fraud
Q I recently learned, quite by accident, that a colleague at my office has grossly misstated her academic credentials on her résumé (which I have seen), probably since before she came to our company. She's an excellent executive and a very nice person, but I am troubled by this ethical lapse, which...
Fraud - Winds - Tin Whistle - Music - Law
7 strategies to avoid the college debt trap
Is it worth it to pay $200,000 for a liberal arts education, especially if it means taking out loans? One of my 20-something Kiplinger colleagues answers bluntly: "If I had realized how much debt I was getting into, I would have gone to my state school instead of an expensive private college."
Finance - United States - Education - Colleges and Universities - Government
For the young set to learn about saving, debt and money management, it all starts at home
Some families watch TV after dinner. Others review white papers on economics.
Money management - Home - Personal finance - Financial Services - Business
Not-so-dire jobs report gives stocks a boost
The stock markets topped off their best week in a month Friday, as the latest jobs report calmed fears that the sputtering economy was headed toward a double-dip recession.
Business - Equities - Investing - Stocks and Bonds - Employment
Texas attorney general to investigate complaints about Google's search engine
SAN FRANCISCO - Google's methods for recommending Web sites are being reviewed by the Texas state attorney general in an investigation spurred by complaints that the company has abused its power as the Internet's dominant search engine.
Google - Web search engine - Microsoft - Searching - Search Engines
Economy treading water as jobless rate edges up
It's not a recession, and it's not much of a recovery. Instead, the U.S. economy is treading water.
Business - Recreation - Picture Ratings - Unemployment - Economic growth
Regulators fell short in identifying and addressing problems, Bernanke says
Regulators fell short in using their powers "forcefully or effectively" to stop risky practices by banks and were slow to identify and address abuses in the U.S. financial system that led to global economic crisis, Federal Reserve Chairman Ben S. Bernanke told a panel investigating the financial ...
Ben Bernanke - Financial Crisis Inquiry Commission - Federal Reserve System - Financial crisis - Monetary policy
AOL-Google revenue-sharing pact includes mobile, online video services
AOL and Google announced Thursday a five-year renewal of their revenue-sharing pact, which will now include mobile search and online video, two areas that AOL chief executive Tim Armstrong called critical to the future of his company as it tries to revamp and return to profitability.
Google - AOL - Searching - Search Engines - Access Providers
Retail sales, home contracts rise modestly
Americans have not lost their will to spend, according to a modest and surprising bump in retail sales last month and the number of contracts signed by home buyers in July.
Retail - Business - Retail Trade - Business and Economy - Thomson Reuters
'Overhaul' details rescue of U.S. automakers
In one of the first detailed insider accounts by a member of President Obama's team, a chief architect of the federal bailouts for General Motors and Chrysler has penned a 300-plus page description of the policy improvisation performed by the administration as the economy swooned at the outset of...
United States - Health - Search and Rescue - Public Health and Safety - Emergency Services
Put the millionaires' tax money to good use
If Democrats can't make a convincing case for raising taxes on 315,000 millionaires and using the money to rebuild the country's aging infrastructure, then maybe they don't deserve to be reelected.
Tax - Accounting - Politics - United States - Taxation
White House considers pre-midterm package of business tax breaks to spur hiring
With just two months until the November elections, the White House is seriously weighing a package of business tax breaks - potentially worth hundreds of billions of dollars - to spur hiring and combat Republican charges that Democratic tax policies hurt small businesses, according to people with...
United States - White House - President - Business - Government
Finaid.org clock offers sobering message about rising student loan debt
In Midtown Manhattan two years ago, the billboard-size clock that keeps track of the U.S. national debt ran out of digits when the figure ballooned to $10 trillion.
Student loan - Business - Financial Services - Education - Financial Planning
25 percent of employed were jobless during recession, study says
Just over a quarter of the nation's 139 million currently employed workers endured a bout of unemployment during the Great Recession, according to results of a Pew Research Center survey released Thursday. And they tend to be less satisfied in their current jobs than are other workers.
Recession - United States - Unemployment - Employment - Education
Political Economy: First-time claims for jobless benefits down slightly
The number of U.S. workers filing for unemployment benefits fell only slightly last week and productivity at businesses dropped for the first time in eight quarters, according to government statistics released Thursday, reflecting an economic recovery that continues to stall.
Economic - Social Sciences - Unemployment - United States - Recession
Political Economy: U.S. regulators fell short before financial crisis, Bernanke says
U.S. regulators fell short in using their powers "forcefully or effectively" to stop risky practices by banks and were "slow to identify and address abuses" in subprime mortgage lending before the financial crisis, Federal Reserve Chairman Ben S. Bernanke said in prepared remarks.
Financial crisis - Economic - Business - Social Sciences - Ben Bernanke
U.S. government charges Pakistani Taliban leader Hakimullah Mehsud in CIA attack
The U.S. government designated the Pakistani Taliban a terrorist group Wednesday and charged its leader, Hakimullah Mehsud, with involvement in a December suicide bombing that killed seven Americans at a remote CIA operating base in Afghanistan.
Tehrik-i-Taliban Pakistan - Afghanistan - Pakistan - Asia - Politics
Former Lehman Brothers CEO Fuld: U.S. regulators acted on 'flawed information'
U.S. regulators acting on "flawed information" denied Lehman Brothers the bailout assistance that its Wall Street competitors received, dooming the investment bank to collapse, former company chief executive Richard S. Fuld said Wednesday.
Lehman Brothers - Financial Crisis Inquiry Commission - Financial crisis - Richard Fuld - Business
SAIC reports 54 percent growth in second-quarter profit
Government contractor Science Applications International Corp. says its second-quarter profit grew nearly 54 percent as it refocused its business on key growth areas, such as cybersecurity, energy and health.
United States - SAIC - General Motors - Services - Business
Pennsylvania capital, Harrisburg, skips payment, may move closer to bankruptcy
The city of Harrisburg has said that it will not make a $3.3 million municipal bond payment due in two weeks, a decision that could move the Pennsylvania capital closer to bankruptcy.
Harrisburg Pennsylvania - United States - Law - Services - Lawyers and Law Firms
Manufacturing rebound spurs biggest stock rally in months
After their worst August in nine years, stocks kicked off September with a big snap-back rally, following the release Wednesday of surprisingly good news about the U.S. manufacturing sector.
Sports - Rallying - Motorsports - United States - United States dollar
Apple revamps iPods for fall product line
Apple Inc. introduced a new line of iPods today, touting new colors, improved camera functionality and better battery life. Here is a play-by-play of Steve Job's demonstration of the music players to the public. Read more about Apple's fall product line on Faster Forward.
Apple - Netflix - Macintosh - Apple II - Television
Apple revamps iPods in fall product line
Apple Inc. introduced a new line of iPods today, touting new colors, improved camera functionality and better battery life. Here is a play-by-play of Steve Job's demonstration of the music players to the public. Read more about Apple's fall product line on Faster Forward.
Apple - Netflix - Macintosh - Apple II - Television
Apple Ping: Social network for music
Apple Inc. introduced Ping today, a new social music network, included with iTunes 10. Here is a play-by-play of Steve Job's introduction of Ping to the public. Read more about Apple's fall product line on Faster Forward.
Apple - iTunes - Social network - Facebook - Steve Jobs
Apple TV: New box for streaming movies, TV unveiled at September event
Apple Inc. announced today a smaller, cheaper version of its Apple TV device for streaming movies and television shows over the Internet. Here is a play-by-play of Steve Job's introduction of Apple TV to the public. Read more about Apple's fall product line on Faster Forward.
Apple - Steve Jobs - IPod - Netflix - Companies
Apple unveils new box for streaming movies, TV
Apple Inc. announced today a smaller, cheaper version of its Apple TV device for streaming movies and television shows over the Internet. Here is a play by play of Steve Job's introduction of Apple TV to the public. Read more about Apple's fall product line on Faster Forward.
Apple - Steve Jobs - IPod - Netflix - Companies
Chief economist calls on Congress to 'finish the job of economic recovery'
Departing White House chief economist Christina Romer urged Congress on Wednesday to "finish the job of economic recovery" by pumping more cash into the economy through additional tax cuts for businesses and middle-class families, as well as fresh investments in the nation's infrastructure.
United States Congress - Congress - United States - People - Economic
Metro Washington unemployment holds steady despite job gains
Unemployment in the Washington region remained steady at 6.3 percent from June to July, according to federal government data released Wednesday, despite significant job growth during the past year.
Washington - United States - Unemployment - Business and Economy - Work
Automakers report weak sales; recession-wary customers steering clear of showrooms
Chastened by the recession, more U.S. consumers have become cheapskates: They are saving more and driving older cars. And that, in part, explains the historically dismal sales reports released Wednesday by automakers.
GeneralMotors - Chrysler - Autos - Recreation - Makes and Models
Political Economy: Exiting Romer to call for more spending
In her final speech as White House chief economist, Christina Romer on Wednesday will call on Congress to summon the political will to approve additional spending on the economy.
Economic - Christina Romer - Social Sciences - Barack Obama - Council of Economic Advisers
SEC won't pursue fraud case against Moody's
Moody's, one of three major credit rating firms that misjudged many of the securities at the center of the financial crisis, escaped legal action when regulators said they would not sue the company for fraud despite finding evidence that the firm misled investors.
Moody - Fraud - Business - U.S. Securities and Exchange Commission - Credit rating agency
Stocks edge up, but Fed report leaves investors wary
NEW YORK - The stock market ended its worst August since 2001 with meager gains Tuesday after minutes from the latest Federal Reserve meeting showed officials' increasing concern about the economy.
Business - Investing - Stocks and Bonds - Equities - Stock market
Commerce takes a passon China currency
The agency's decision sidesteps a major sore point in trade relations between the two countries.
China - Asia - United States - United States Department of Commerce - Business and Economy
Homes prices up 4.2% in U.S., 7.3% in Washington area
Prices for single-family homes in major U.S. cities rose a modest 4.2 percent in June from a year earlier, but economists cautioned that the bounce was likely due to a now-expired home-buyer tax credit and that prices would likely fall, perhaps dramatically, in the coming months.
Washington - United States - Local News - Eastern Washington - National Weather Service
For banks, good news on earnings but not risk of failure
Lenders posted their biggest quarterly profit in almost three years, even as the number of banks at risk of failure rose to 11 percent of insured institutions, the Federal Deposit Insurance Corp. said Tuesday.
United States - Federal Deposit Insurance Corporation - Heart failure - Sheila Bair - Health
Fed leaders had varied views on August policy action
Federal Reserve officials were divided at their Aug. 10 meeting over whether they should resume purchases of Treasury bonds and what impact the move could have on the nation's economy, according to minutes released Tuesday.
Politics - United States - Security - Policy - Policy Institutes
Federal spending rises a record 16% in 2009, Census Bureau says
Federal domestic spending increased a record 16 percent to $3.2 trillion in 2009, the Census Bureau reported Tuesday, largely because of a boost in aid to the unemployed and the huge economic stimulus package enacted to rescue the sinking economy.
United States Census Bureau - United States - Government - Commerce Department - Executive Branch
Political Economy: Home prices increase in 20 major cities, with Washington among the leaders
U.S. single-family home prices in 20 major cities saw a modest increase of 4.2 percent in the second quarter from a year earlier, but economists cautioned that the bounce was likely due to the final days of the tax credit and that prices would likely fall, perhaps dramatically, in the coming months.
Washington DC - Washington - Gary Pinkel - Barack Obama - United States
Car sales and consumer spending up, but experts not convinced of trend
At first blush, a government report released Monday appeared to offer hope to the nation's struggling auto industry: New-car sales in July fueled an uptick in consumer spending, which had been wheezing for three straight months.
Consumer spending - Business and Economy - Home - Unemployment - United States Department of Commerce
Obama promises new efforts to boost economy
Under pressure to revive the faltering recovery, President Obama said Monday that he and his economic team are discussing "additional measures" to bolster growth and spur hiring, including "further tax cuts" to encourage businesses to create jobs.
Barack Obama - United States - President - History - Government
Obama to loosen rules on technology exports
Barack Obama - United States - President - Government - Elections
IMF loosens lending rules to combat crisis
The International Monetary Fund on Monday further loosened its lending rules in an effort to prevent future financial crises from spreading around the world.
Economic - International - Bretton Woods Institutions - International Monetary Fund - United States
5 years after Katrina, D.C. area hotel firms see gulf business pick up
In the five years since Hurricane Katrina devastated the Gulf Coast, the tourism industry there has struggled to come back. But several Washington area hotel companies are beginning to see a return to profit at their lodgings in the region, after contending with property damage, revenue decline a...
Hurricane Katrina - New Orleans - United States - Gulf Coast of the United States - Katrina
Knowland Group became one of the fastest-growing companies by taking photos of signs
One of the best things about writing Value Added is that I discover niche businesses that astonish me.
Business - Knowland Group - Recreation - Tourism - Roads and Highways
NYT > Business
News Analysis: New Banking Rules Would Ease Shocks
If all goes well, the world will be a slightly safer place after top central bankers and bank regulators agree on new rules to prevent financial crises in Basel on Sunday.
Nokia Turns to Microsoft for New Chief
Nokia said it had appointed Stephen Elop, a Canadian who has run Microsoft?s largest division, to replace Olli-Pekka Kallasvuo, a 30-year Nokia veteran.
Bell Canada Retakes Control of TV Network
Bell Canada will pay $1.25 billion for the 85 percent of CTV that it did not own. In a separate deal, a holding company for the Thomson family will take an 85 percent stake in The Globe and Mail.
Japan Gears Up to Push Down the Yen
Prime Minister Naoto Kan said Japanese officials were in talks with their counterparts overseas to lay the groundwork for a possible intervention on currency markets.
Dubai World Says It?s Very Close to Debt Deal
The state-run investment body said that 99 percent of its creditors had agreed to terms for a restructuring.
China?s Trade Surplus Narrows as Imports Jump
Economists were surprised by the size of the growth in China?s imports, which rose 35.2 percent in August compared with the same month a year ago.
French Carmakers to Repay Some Government Aid Early
Renault and Peugeot Citroen said they have begun to repay the billions in government aid that they received to help them through the financial crisis and recession.
Wall Street Ends the Week Slightly Higher
The market?s September rally has paused only once, when concerns resurfaced about European banks.
Dubai World Says It's Close to Agreement on Debt
The emirate's state-run investment arm said Friday that 99 percent of its creditors had agreed to the terms for restructuring $24.9 billion worth of debt.
Apple Gives App Developers Its Review Guidelines
The company said it would relax its rules on how software developers can build applications for its iPhone and iPad.
Top Adviser to Lead Panel on Economy
President Obama will promote Austan D. Goolsbee to chairman of his Council of Economic Advisers.
Takeover Bid Shines Spotlight on Crucial Player in Potash
Canpotex, which is owned by three Canadian potash producers, negotiates long-term, often secret, pricing agreements with offshore customers.
U.S. Steps Up Its Effort Against a European System of Fees on Airline Emissions
Even as United States authorities sought to derail the European system, major American carriers were taking steps to comply with the rules, which take effect in 2012.
Ron Bloom Is Obama?s Manufacturing Emissary
The administration has pledged tax credits and subsidies to spur manufacturing but has said the lead must come from the private sector.
Union Accuses China of Illegal Clean Energy Subsidies
The United Steelworkers union plans to file a legal case that accuses China of violating World Trade Organization rules.
Germany Moves to Lift Ban on Long Distance Bus Trips
Outlawed since 1931 to protect the state-owned railway system, long-distance domestic bus service may become legal in Germany.
U.S. Pressures I.M.F. to Expand Role of Growing Economies
The push to revamp the fund?s governance has met resistance from Europe.
Bank of England Leaves Rate at 0.5% on Signs of Slowing
The decision came as the O.E.C.D. said annual growth in the G-7 countries would slow to about 1.5 percent in the second half of 2010.
Goldman Fined in Britain for Not Disclosing a U.S. Inquiry
Goldman did not inform the British regulator about the S.E.C. investigation, although senior people at the bank?s London office were aware of it.
U.S. Trade Deficit Narrowed in July
The 14 percent decline in the trade deficit in July should give a lift to overall economic growth.
All Nippon to Start Low-Cost Airline in Japan
The first Japanese low-cost carrier will fly both international and domestic routes out of Osaka.
U.S. Jobless Filings Decline More Than Expected
First-time claims dropped by 27,000 last week to 451,000. Still, filings remain much higher than they would be in a healthy economy.
After Fine, Botox Awaits Approval for Migraine
Allergan will pay $600 million for its marketing tactics while the F.D.A. decides on the drug?s use for migraines.
Special Report: The Female Factor: In Old Societies, New Fashions Convey Power
How women are dressing in the global workplace can look traditional to one, telegraphing higher status to another.
Berlin Journal: Chinese Food, the Wines of Germany, and a Debate
As debate over immigration swirls in Germany, a Berlin restaurant with a Chinese immigrant owner and an extensive German wine list is thriving.
Special Report: Business of Green: A Future Built on Different Standards
Styria, a province in southeastern Austria, is enjoying an economic boom generated in part by a project by 79 municipalities to promote local, green, self-sustaining businesses.
Enbridge Says Ill. Oil Pipeline Spill Contained
HOUSTON (AP) -- Enbridge Energy says workers have contained oil that spilled from a leaky pipeline in a Chicago suburb.
SEC Expands Stocks Under 'Circuit Breakers'
WASHINGTON (AP) -- Federal regulators on Friday expanded the number of stocks covered by new ''circuit breakers'' that can pause volatile trading, a program in response to the panicked May 6 market plunge.
Acme Packet Resignation Skews Board Balance
BEDFORD, Mass. (AP) -- Communications equipment company Acme Packet Inc. on Friday said independent director Michael Thurk resigned for personal reasons.
Summary Box: Stocks Continue Their September Rally
ANOTHER UPTICK: The Dow Jones industrial average closed up 47 points, its seventh day of gains out of the past eight.
New GM CEO's Pay Package Worth $9 Million
DETROIT (AP) -- New General Motors Co. CEO Daniel Akerson will get up to $9 million in salary and stock, the same pay package granted to his predecessor, Ed Whitacre.
Schweitzer: Canadian Pipeline Co. To Seek US Crude
BILLINGS, Mont. (AP) -- A Canadian company said Friday that it will invite U.S. oil producers to bid on transportation capacity for a proposed pipeline from Canada to the Gulf of Mexico.
NYT > Your Money
Back-to-School Shoppers Focus on the Necessities
An August survey said 73 percent of Americans with school-aged children had back-to-school budgets that were the same as or smaller than last year?s.
Your Money: In Computer-Generated Wills, Lawyer Still Helpful
Four wills, written using four different computer programs, point up some strengths and some surprising weaknesses.
This week's Your Money column reviews online will writing programs.
Jim Bruene of NetBanker.com shares his personal savings and checking accounts of choice.
Friday Reading: Evidence of Ticket Quotas
The mounting evidence in New York of ticket quotas, why the penny should be abolished and other consumer-focused items from Friday's Times.
The Latest on How Much Card Rewards Cost the Poor
Researchers at the Federal Reserve Bank of Boston have revised their estimate for how much credit card rewards cost the poor down slightly.
Patient Money: A Broker Can Help Unscramble Individual Policies
Health insurance brokers, who are paid a commission by insurance companies but are free to consumers, are busier than ever.
Shortcuts: Like the ?55 Chevy, the 3,000-Mile Oil Change Is Pretty Much History
Knowing how often to change your car oil takes more information than in the past. The good news is that it?s probably less often.
Obama Is Against a Compromise on Bush Tax Cuts
The president?s decision not to extend tax cuts for the rich adds a populist twist to an economic package designed to entice support from big businesses and their Republican allies.
Housing Woes Bring a New Cry: Let the Market Fall
Some economists and analysts urge a dose of shock therapy that would shift benefits to future homeowners from current ones: Let the housing market crash.
Mortgages: As Pay Falls, Borrowers Lose Ground
One in eight homeowners had household debt exceeding half the monthly income in 2008, a recent report says.
New Program for Buyers, With No Money Down
Fannie Mae is getting back in the market for mortgages with no down payment, available to new home buyers in four states.
Your Money: How Debt Can Destroy a Budding Relationship
Because one person?s debt becomes a shared responsibility in marriage, when do you reveal a substantial liability?
Patient Money: Food Safety Tips for the Budget-Conscious
Safety experts have advice on ways to germ-proof your food, and still save money.
App Smart: How to Get Loyalty Card Prices Without Loyalty Cards
Two apps, Cardstar and Key Ring, serve as repositories for your loyalty shopping card numbers. You just hand your phone to the cashier at checkout.
Home Is Where the Tax Exemption Is
As tax authorities look for cheats, they are finding that many people who are eligible for the benefit fail to apply for it.
Steps to Prevent Identity Theft, and What to Do if It Happens
Quick action is needed if an unusual charge shows up on a credit card statement or a thief opens an account in your name.
Life and Disability Insurance: What You Need to Know
What sort of insurance you need in the event of untimely death or disability depends on what your objectives are.
Health Insurance: What You Need to Know
With Americans spending an ever increasing amount on medical costs, it?s more important than ever to have insurance that fits your health care needs.
401(k)?s: What You Need to Know
For many people, saving for retirement means squirreling away as much as possible through employer-provided plans, the most popular being the 401(k).
About Financial Planners: What You Need to Know
If you?ve landed here, it means you?ve realized that you might need some professional advice in handling your financial affairs.
Annuities: What You Need to Know
Annuities are a basic staple of modern portfolios, the financial equivalent of a backstop to guarantee a minimum of income in retirement.
Credit Scores: What You Need to Know
You may not have checked your credit score lately, but there?s a good chance someone else has.
Wealth Matters: The Art of Thinking Clearly Under Great Pressure
Through no fault of his own, Frederick Peters arrived in a financial crisis threatening his business. He survived by avoiding distractions and focusing on the problem.
Special Report: Net Worth: Estate Planning Step 1: Recognize You Are Going to Die
Estate planning is less a matter of how much you have than where it is and how and to whom it will be transferred when the time comes.
The Way We Live Now: Paralyzed by Debt
Almost two years after the crash, Americans are still paying off credit-card balances and home-equity lines.
We all wonder how much money others have. Joey Kincer and other net-worth trackers are letting us in on the secret.
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