June 20, 2013
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Business News
Weak signals on economy reports send stocks plunging
NEW YORK — A series of weak economic reports sent the stock market plunging to its lowest level in a month on Wednesday. Companies like miners, banks and chemical makers, whose fortunes are most...
Jun 06, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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Associated Press An "Under Contract" sign is posted April 9 outside a home in Carmel, Ind. U.S. home prices soared 12.1 percent in April from a year earlier, the biggest gain since February 2006.
Home prices soared in April
WASHINGTON — U.S. home prices soared 12.1 percent in April from a year earlier, the biggest gain since February 2006, as more buyers competed for fewer homes. Real estate data provider CoreLogic...
Jun 05, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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‘Internship’ film focuses on Google’s positive attributes
SAN FRANCISCO — This scene isn’t in the movie, but it might have been fitting if “The Internship” had ended with stars Vince Vaughn and Owen Wilson wearing ruby red shoes while clicking their heels...
Jun 05, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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US to auction wind energy leases
PROVIDENCE, R.I. — The federal government will auction leases for wind farms off the coast of Rhode Island and Massachusetts on July 31, marking the first time it has sold competitive leases for wi...
Jun 05, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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FHA reverse mortgage losses may require bailout
WASHINGTON — The Federal Housing Administration may need as much as a $1 billion rescue package before the end of the year to bolster its reserves despite efforts to shore up its finances with high...
Jun 05, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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Associated Press Then-Controller Danny Werfel of OMB Office of Federal Financial Management watches as President Barack Obama (not shown) signs an Executive Order to cut waste and promote efficient spending across the federal government in the Oval Office at the White House in 2011 in Washington. Werfel, the new acting commissioner of the IRS, issued a statement commenting on a report by Treasury Department's inspector general in which he criticized a $4 million IRS conference in August 2010 in Anaheim, Calif.
Report finds $50 million for forums
WASHINGTON — A government watchdog has found that the Internal Revenue Service spent about $50 million to hold at least 220 conferences for employees between 2010 and 2012, a House committee said S...
Jun 03, 2013 | 0 0 comments | 3 3 recommendations | email to a friend
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Judge: Google must comply with FBI’s demand for customer’s data
SAN FRANCISCO — Google must comply with the FBI’s demand for data on certain customers as part of a national security investigation, according to a ruling by a federal judge who earlier this year d...
Jun 02, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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Board stands behind CEO buyout
The Dell board is standing behind a buyout offer from the company’s CEO and founder, and it has asked shareholders of the slumping PC maker to approve the deal in a July 18 vote. The company’s a...
Jun 02, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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Associated Press Wan Long, chairman of Shuanghui International, speaks May 18 at the U.S.-China Cooperation Forum on Agricultural Investment in Zhengzhou in central China's Henan province.
China’s entrepreneurs expand global presence
BEIJING — The force behind China’s biggest takeover of an American company is a 71-year-old meat-packing entrepreneur dubbed “China’s Chief Butcher” by the press who built an empire on his country’...
Jun 02, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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Vatican bank chief hopes to restore its reputation
VATICAN CITY — The new head of the Vatican bank says his top priority is to clean up the bank’s reputation, saying the institution hasn’t served the pope well but provides valuable financial servic...
Jun 02, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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