News Alerts
Hawaiian nonprofit approves first micro-business loan (Aug-17, 09:36 EDT )-- HONOLULU Through Aug. 31, the Pupu o Niihau, a special Niihau shell lei showcase will be held at Mea Makamae located in the Royal Hawaiian Hotel. Financed in part through a small business micro-loan from the Council for Native Hawaiian Advancement,...
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Wall Street Finds Some Good News, and Rises (Aug-17, 09:49 EDT )-- Reports showed that wholesale prices climbed for the first time since March and a big jump in industrial production.
British Inflation, at 3.1 Percent, Confounds Government (Aug-17, 09:28 EDT )-- The head of the Bank of England was obliged to send his third letter this year to the Treasury to explain why inflation missed the target of 2 percent.
Coal Executive Pushes Back (Aug-17, 09:25 EDT )-- Don L. Blankenship, the chief executive of one of the nation's largest coal companies, Massey Energy, spoke with reporters about global warming, renewable energy and the environmental impact of the coal industry in a recent interview.
Potash Corporation Rejects $38.6 Billion Bid by BHP Billiton (Aug-17, 09:23 EDT )-- The chairman of Potash Corporation of Saskatchewan dismissed the offer as an attempt to exploit the current downturn in the market for its commodity.
Producer Prices Rose in July; Home Construction Up Slightly (Aug-17, 09:20 EDT )-- Applications for building permits, however, tumbled to the lowest point in 14 months, a sign of continued stress in housing.
Chinese Regulators Scrutinize Investment Trusts (Aug-17, 09:17 EDT )-- Officials suspect banks may have engaged in the sort of financial engineering that got Western banks into trouble.
Wal-Mart and Home Depot Report Higher Revenue (Aug-17, 09:10 EDT )-- Home Depot trimmed its revenue outlook for the year while Wal-Mart raised its guidance as it benefits from cost-cutting and global sales.
Spain Investigates Google’s Street View Service (Aug-17, 08:46 EDT )-- Spain is joining a growing list of countries with privacy concerns about Google’s photo mapping service.
Interest Rates and House Prices: A Murky World (Aug-17, 08:15 EDT )-- Both data and economic theory offer no certainty in analyzing the causes of the boom in housing prices, an economist writes.
Bootstrapping a Start-Up in Silicon Valley (Aug-17, 08:00 EDT )-- Why Elizabeth Charnock decided not to take venture capital.
Housing Starts Up, But Building Permits Drop (Aug-17, 07:43 EDT )-- Construction of new homes edged up 1.7 percent in July but applications for building permits tumbled to the lowest point in 14 months. Meanwhile, wholesale prices rose last month for the first time since March on higher costs for food and passenger...
Drilling Permits for Deep Waters Face New Review (Aug-17, 06:32 EDT )-- The Obama administration said it would require more review before approving offshore drilling permits, ending a practice in which regulators essentially rubber-stamped projects.
Costs Associated With Buying A Home Are Rising (Aug-17, 03:00 EDT )-- A new survey by bankrate.com says mortgage closing costs have spiked across the country. The survey says the average closing costs for a mortgage -- like title insurance and building inspection fees -- have risen from about $2,700 to more than $3,700...
Banks Ease Lending Standards For Small Businesses (Aug-17, 03:00 EDT )-- A new survey by the Federal Reserve shows that banks are making it easier for businesses to borrow money. Credit has been tight -- banks had choked off lending to all but the biggest and safest companies after the financial crisis began two years ago.
Lycos Sold To Ybrant Digital For $36 Million (Aug-17, 03:00 EDT )-- Lycos was one of the first Internet portals from the mid-90s. Ten years ago, the Spanish company Terra Networks paid more than $12 billion for Lycos. Terra later sold it to a Korean firm for nearly $100 million. This week, the Korean firm sold Lycos...
Does Las Vegas Really Need Another Hotel-Casino? (Aug-17, 03:00 EDT )-- Las Vegas just added a bit more bling to its famed Strip with the unveiling of a new marquee for The Cosmopolitan -- a resort-casino opening at the end of the year. There already are questions about how the city will absorb another 3,000 hotel rooms....
Shop Lenders For Best Mortgage Refinancing Deal (Aug-17, 03:00 EDT )-- Interest rates on home mortgages are at record lows. Jessica Silver-Greenberg of The Wall Street Journal tells Linda Wertheimer that homeowners should shop around for the best rates. She says regional banks often offer better rates than the top-three...
AOL Aims High With Hyperlocal Journalism Project (Aug-16, 23:00 EDT )-- The initiative, called Patch, launched its 100th local news site on Tuesday. AOL is expanding the program quickly and plans to cover 500 communities by the end of the year. But the company faces competition from well-established hyperlocal sites, and...
About-Face: More States Accept Stimulus Funds (Aug-16, 23:00 EDT )-- More than 30 states have received about $4 billion in federal stimulus money since February 2009 to help those who are unemployed. When the stimulus act was passed, some governors said they did not want the money. But as the down economy has dragged on...
Conference To Debate Future Of Fannie, Freddie (Aug-16, 23:00 EDT )-- In the eyes of many Republican lawmakers, the two government-sponsored companies started the rush into risky home mortgages that ultimately shook the foundation of the whole economy. But not everyone agrees with that assessment.
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