May 24, 2013
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Business News
Close but not quite for the Dow in push for 13,000
The Dow Jones industrial average narrowly missed 13,000. Again. A burst of selling at the closing bell drove the Dow lower after it hovered around the milestone for most of the afternoon. The av...
Feb 28, 2012 | 0 0 comments | 0 0 recommendations | email to a friend
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Sales contracts for homes rose in January
WASHINGTON — The number of Americans who signed contracts to buy homes rose in January to the highest level in nearly two years, supporting the view that the housing market is gradually coming back...
Feb 28, 2012 | 0 0 comments | 0 0 recommendations | email to a friend
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Buffett says newspapers need to charge online
OMAHA, Neb. — Warren Buffett says newspapers need to stop giving away their product for free online, but they will have a decent future if they continue delivering information that can’t be found e...
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Oil prices fall after surge
NEW YORK — Oil prices took a breather on Monday, falling slightly as investors booked some profits after a seven-day surge. Retail gasoline prices continued to climb, adding five cents over the wee...
Feb 28, 2012 | 0 0 comments | 1 1 recommendations | email to a friend
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FAA wants to boost airline pilot qualifications
WASHINGTON — Airline co-pilots would have to meet the same experience threshold required of captains — the first boost in four decades — under regulations proposed Monday by the Federal Aviation Ad...
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Associated Press Fire boat response crews spray water on the burning remnants of BP's Deepwater Horizon offshore oil rig. The gargantuan legal bill for the 2010 catastrophic oil spill in the Gulf of Mexico is coming due for BP as a federal trial opens on Monday to determine the company's liability for the blowout of its Macondo well.
Gulf oil spill trial delayed for settlement talks
NEW ORLEANS — A judge has delayed the federal trial over the nation’s worst offshore oil disaster by a week, saying Sunday that BP PLC was making some progress in settlement talks with a committee ...
Feb 27, 2012 | 0 0 comments | 0 0 recommendations | email to a friend
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Texas’ Permian Basin experiencing oil boon
DALLAS — The Permian Basin of West Texas is experiencing an oil boom, leading some of the region’s top oilmen to predict that Texas oil production will double within five to seven years. Oil dri...
Feb 27, 2012 | 0 0 comments | 0 0 recommendations | email to a friend
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Associated Press Young people gather in Madrid to discuss sky-high levels of youth unemployment. Spain's young people are becoming a "Lost Generation," with no work and seemingly with no real prospects of getting work.
Spain’s ‘Lost Generation’ threatens social fabric
MADRID — Daniel Lorente has worked construction, flipped burgers at McDonald’s, been a camp counselor, telemarketing representative and doorman. But Lorente’s part-time jobs never lasted more th...
Feb 27, 2012 | 0 0 comments | 0 0 recommendations | email to a friend
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Geithner
G-20 linking hike to bigger ‘firewall’ fund
MEXICO CITY — The G-20 nations are conditioning additional money for the International Monetary Fund on the European Union first increasing its financial stabilization funds to ease concerns about ...
Feb 27, 2012 | 0 0 comments | 0 0 recommendations | email to a friend
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Associated Press The entrance to one of the parking lots at a Chrysler plant in Kokomo, Ind will be busier now that Chrysler has pledged a $1.3 billion investment and 1,000 workers to return.
Town mending, bailout still divides
KOKOMO, Ind. — Back in this town’s darkest days, Jeff Shrock, a third-generation autoworker, would cruise down the streets where he grew up, past the foreclosed homes and four giant Chrysler factor...
Feb 27, 2012 | 0 0 comments | 1 1 recommendations | email to a friend
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