10-28-2016  4:24 pm      •     

Business News


Numbers suggest employers have been hiring at a healthy pace

WASHINGTON (AP) -- The number of people seeking U.S. unemployment benefits fell to a four-year low last week, suggesting employers kept hiring in March at a healthy pace.



Sarkozy rival's plan to levy 75 percent tax on millionaires proves popular

PARIS (AP) -- French presidential candidate Francois Hollande, leading in polls but lacking in ideas that stick in voters' minds, finally dropped a bombshell: As president, he would levy a 75 percent tax on anyone who makes more than (EURO)1 million ($1.33 million) a year.



Report says FHFA is understaffed and can't properly monitor Fannie and Freddie

WASHINGTON (AP) -- A government watchdog says the top U.S. housing regulator should take a more active role in overseeing mortgage giants Fannie Mae and Freddie Mac, which have received huge infusions of taxpayer cash.



More than $1 billion will go directly to homeowners, but the number of foreclosures is still expected to grow by 25 percent

The big bank settlement over mortgage servicing abuses was finalized last week, detailing the agreement's actual terms.



\"I don't think it's worth the price," says one buyer who lined up, "but I guess I'm a victim of society"

MADISON, Wis. (AP) -- Apple's latest iPad drew the customary lines of die-hard fans looking to be first and entrepreneurs looking to make a quick profit.



Mortgage giant received $7.6 billion for all of 2011

WASHINGTON (AP) -- Government-controlled mortgage giant Freddie Mac has requested just $146 million in additional aid after posting a smaller loss in the fourth quarter of last year.



Reaching threshold could influence more cautious investors to pump more money back into the stock market

NEW YORK (AP) -- The Dow Jones industrial average crossed 13,000 on Tuesday for the first time since May 2008, when the Lehman Brothers investment bank was solvent, unemployment a healthy 5.4 percent and the worst of the Great Recession months ahead.



Saturday, February 25th, 2012, Oregon Convention Center,


Strong sales in US and China lead to big 2011, despite lost ground in fourth quarter

DETROIT (AP) -- General Motors earned its biggest profit ever in 2011, but signs are emerging that its momentum could slow.



Plan would hack from deficit, but could cause future over-spending; GOP attacks it as class warfare

WASHINGTON (AP) -- President Barack Obama unveiled a $3.8 trillion spending plan on Monday for 2013 that seeks to achieve $4 trillion in deficit reduction over the next decade but does little to restrain growth in the government's huge health benefit programs, a major cause of future deficits.


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