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WASHINGTON (AP) -- The economy shifted to a higher gear in the spring, growing at its fastest pace in nearly a year as foreign buyers snapped up U.S. exports and tax rebates spurred shoppers at home.
The Commerce Department reported Thursday that gross d..
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WASHINGTON (AP) -- The number of people signing up for jobless benefits declined last week, the third straight drop from a six-year high reached earlier this month, the government said Thursday.
Applications for unemployment benefits dropped to a seasona..
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Code breakers: CEO Hugh Martin (left) and CTO Stephen Turner with their prototype.
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William J. Bernstein is an investment adviser and author of "The Four Pillars of Investing."
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By Grant McCool Wed Aug 27, 12:57 PM ET NEW YORK (Reuters) - A man accused of trying to extort millions of dollars from his son-in-law, an executive of the Blackstone Group LP (BX.N), on Wednesday blamed the private equity firm for his "malicious" arres..
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33 minutes ago WASHINGTON (Reuters) - Mortgage-finance company Fannie Mae (FNM.N) on Wednesday announced a management shake-up in an effort to come to grips with mounting credit losses and a shrinking capital base.
The company's chief financial officer..
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NEW YORK (AP) -- The New York attorney general's office said Wednesday it is investigating whether Fidelity Investments was given incentives by Goldman Sachs Group Inc. to sell auction-rate securities to investors.
Investigators are examining if Fidelity..
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In the news release, "China Growth Development, Inc. Reports Second Quarter 2008 Financial Results" issued earlier today by China Growth Development, Inc. over PR Newswire, we are advised by the company that in the second quarter highlights, second bullet..
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NEW YORK (AP) -- Standard & Poor's on Wednesday lowered its ratings on Canadian oil tanker operator Teekay Corp., already below investment-grade, on concern over debt taken on for acquisitions and fleet expansion.
S&P dropped the company's long-term corp..
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OLDWICK, N.J.--(BUSINESS WIRE)--A.M. Best Co. has commented that all ratings and the under review with negative implications status of CastlePoint Insurance Company (CPIC) (New York), CastlePoint Reinsurance Company, Limited (CPRe) (Bermuda) and CastlePoi..
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NEW YORK--(BUSINESS WIRE)--FGIC Corporation, the parent company of Financial Guaranty Insurance Company (FGIC), today announced that FGIC has entered into a master agreement with MBIA Insurance Corporation (MBIA). Upon closing of this transaction, FGIC an..
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HOUSTON, Aug. 27 /PRNewswire-FirstCall/ -- Bois d'Arc Energy, Inc. ("Bois d'Arc") (NYSE: BDE - News) and Stone Energy Corporation ("Stone") (NYSE: SGY - News) today reported that their respective stockholders have voted to approve the previously announced..
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PHILADELPHIA--(BUSINESS WIRE)--Delaware Valley Industrial Resource Center: WHO: Executives from the region's advanced manufacturing companies will join forces with economic development organizations and leaders from academia at Delaware County Commu..
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CHARLESTON, S.C. (AP) -- The federal public defender for South Carolina will handle the court appeal of Al Parish, the former college professor convicted of bilking hundreds of investors out of $66 million.
Parish, an economist who once taught at Charles..
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NEW YORK (AP) -- Companies are budgeting salary increases for 2009 that are just slightly ahead of expected inflation rates, the Conference Board said Wednesday.
According to a survey of more than 350 companies, salary increases for the coming year for o..
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COLUMBIA, Md.--(BUSINESS WIRE)--Tecore Networks, a leading provider of GSM, CDMA, 3G and multi-protocol mobile networks, today announced that its portfolio of core and radio access network products has received Rural Development Acceptance and “Buy Amer..
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SAN FRANCISCO--(BUSINESS WIRE)--An Atwater-based farm labor contractor fined last month for work safety violations stemming from the heat death of a 17-year-old farm worker surrendered its license to operate for three years, the Department of Industrial R..
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NEW YORK (AP) -- Most commodities prices advanced Wednesday, lifted by the rising price of oil as traders eyed the trajectory of Tropical Storm Gustav.
The storm, though downgraded from hurricane status, appeared headed for the Gulf of Mexico, where key..
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