Business Wire
Pew survey questions Gen X, baby boomer savings; uncertain retirements await?
A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, high levels of debt, and losses during the... Read more »
CBO: Obama budget cuts deficits $1.1T by 2023
President Barack Obama's budget would trim projected federal deficits by $1.1 trillion over the coming decade, using nearly $6 in higher revenues for every $1 in reduced spending to achieve it,... Read more »
Report: Yahoo nearing $1.1B acquisition of Tumblr
Yahoo may be on the verge of closing its biggest acquisition during the 10-month reign of CEO Marissa Mayer as she tries to attract more traffic and advertisers to the Internet company's website... Read more »
Falling yen to make Japan's goods more affordable
Attention, bargain-hunters around the world: Japanese goods — from cars to televisions — are going on sale. Read more »
Obama: 'Our focus cannot drift' from jobs, economy
Trying to reset the agenda amid scandal in Washington, President Barack Obama turned his attention Friday to the economy and said lawmakers should spend every day resolute on how to help it grow... Read more »
GM stock rises above $33 for first time in 2 years
Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years. Read more »
New NFL initiative aimed toward involving women
From pink baseball bats, cleats and wristbands on Mother's Day to pink caps, gloves and even penalty flags throughout October, professional sports organizations have recognized women for years by... Read more »
Gauge of US economy's future health up in April
A measure of the U.S. economy's future health rose solidly in April, buoyed by a sharp rise in applications to build homes and a better job market. Read more »
Unemployment falls in 40 US states, rises in 3
Solid hiring helped push down unemployment rates in 40 U.S. states last month, the most since November. The declines show job markets are improving in most areas of the country. Read more »
Obama focusing on job creation in Baltimore visit
President Barack Obama is leaving behind scandal-focused Washington to focus on the country's slowly improving jobs picture. Read more »
Tea party tax returns show small budgets, rare displays of overtly partisan activities
Dozens of tea party groups and other conservative organizations of the kind subjected to improper scrutiny by the Internal Revenue Service operated with small budgets and rarely displayed overt... Read more »
Cyprus may presell gas reserves to ease crisis
Cyprus may presell the country's offshore natural gas reserves to raise cash quickly and pull it out of its deep financial crisis, the country's finance minister said Thursday. Read more »
US consumer prices fall 0.4 pct. on cheaper gas
A plunge in the cost of gas drove down a measure of U.S. consumer prices last month by the most since December 2008. Excluding the drop in fuel costs, prices were largely unchanged. Read more »
Students in Ghana launch mini-satellite
Their project might not sound like much: The college students on Wednesday launched a tiny model of a satellite the size of a Coke can on a big yellow balloon. It went aloft to a height of 165... Read more »
Stocks keep climbing even as manufacturing softens
The stock market continued its climb Wednesday, despite a handful of disappointing economic reports. Read more »
Stem cells recovered from cloned human embryos
Scientists have recovered stem cells from cloned human embryos, a longstanding goal that could lead to new treatments for such illnesses as Parkinson's disease and diabetes. Read more »
Stock prices trade flat as manufacturing softens
A report of slowing manufacturing is getting the stock market off to weak start Wednesday. Read more »
Macy's 1Q profit rises 20 pct on solid sales
Macy's Inc. reported a 20 percent increase in first-quarter profit as the department store chain saw solid sales despite cool temperatures and economic worries that dampened shoppers' appetite for... Read more »
Small businesses must strive for government contracts, analysts say
Fields tells clients that registering to do business with the federal government is like getting a driver’s license. Read more »
Bank of England sees 'modest, sustained' recovery
The Bank of England predicted a modest and sustained economic recovery for Britain on Wednesday, but tempered hope that the worst might be over with predictions that inflation will remain above its... Read more »
US boom transforming global oil trade
The surge in oil production in the U.S. and Canada and shrinking oil consumption in the developed world is transforming the global oil market. Read more »
Big 4 cellphone carriers unite on anti-texting ads
The country's four biggest cellphone companies are set to launch their first joint advertising campaign against texting while driving, uniting behind AT&T's "It Can Wait" slogan to blanket TV... Read more »
Airlines collected record baggage fees in 2012
U.S. airlines collected more than $6 billion in baggage and reservation change fees from passengers last year — the highest amount since the fees became common five years ago. Read more »
CBO estimates 2013 deficit at $642 billion
The budget deficit for the current year is projected to come in well below what was estimated just a few months ago, according to a government study released Tuesday. Read more »
Job prospects improve slightly for new college graduates
The chilling mix of rain, sleet and wind last week may have felt like a metaphor for the local college students scurrying across campus. Read more »
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