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Business & Technology

U.S. consumers buy more retail goods in March

April 13th, 2011 12:24 pm by Associated Press

WASHINGTON (AP) Consumers spent more in March on furniture, electronics and at restaurants, but also paid more for gas.Retail sales increased 0.4 percent last month, the Commerce Department said Wednesday. It was the ninth consecutive monthly gain.

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Business & Technology

Unraveling the spin on the fight over hidden debit card fees

April 12th, 2011 11:34 am by Marian Wang, ProPublica

The Federal Reserve and the banking industry have made opposing claims about whether debit interchange feesthe fees that merchants pass on to banks whenever a customer uses a debit card to payare on the rise.The Fed has proposed capping the fees for big b

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Business & Technology

Drivers start to cut back on gas as prices rise

April 12th, 2011 4:58 am by Associated Press

NEW YORK Soaring gas prices are starting to take a toll on American drivers.Across the country, people are pumping less into the tank, reversing what had been a steady increase in demand for fuel. For five weeks in a row, they have bought less gas than t

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Business & Technology

Men are disappearing from the workplace

April 11th, 2011 4:38 am by Staff Report

BusinessWeek is reporting that the March jobs report released on Apr. 1 seemed like the best in years. Labor Secretary Hilda L. Solis released a statement noting that the four-month drop in the jobless rate, to 8.8 percent from 9.8 percent, was "its large

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Business & Technology

NYSE rejects Nasdaq, IntercontinentalExchange bid

April 10th, 2011 10:35 pm by Associated Press

NEW YORK The parent company of the New York Stock Exchange said Sunday that it rejected an $11.3-billion bid from Nasdaq and IntercontinentalExchange to buy the company.

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Business & Technology

For the very wealthy this is the 'most generous tax situation that's existed'

April 10th, 2011 6:22 am by Staff Report

According to BusinessWeek this could be the best tax day since the early 1930s for those who are well-off: Top tax rates on ordinary income, dividends, estates, and gifts will remain at or near historically low levels for at least the next two years. That

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Business & Technology

Food locally grown? It all depends on how you define it

April 9th, 2011 6:06 am by Associated Press

WASHINGTON (AP) The No. 2 official at the Agriculture Department recently got a real-life lesson in the loose definition of the trendiest word in groceries: "local."Walking into her neighborhood grocery store in Washington, Kathleen Merrigan saw a beauti

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Business & Technology

Stocks waver as government shutdown looms

April 8th, 2011 10:46 am by Associated Press

NEW YORK (AP) Stocks are closing lower as oil surged to new highs for the year and a budget dispute threatened to shut down the federal government.Investors are watching Washington Friday, where Republicans and Democrats are in talks to reach a budget ag

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