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KSFY Action News: Breaking News, Weather and Community |State offering loans to small businesses (Aug-3, 07:59 EDT )-- DES MOINES, Iowa (AP) - A new state loan program designed help entrepreneurs and small businesses is now accepting applications. Iowa businesses with less than 35 employees can get a loan up to $50,000 from the Iowa Small Business Loan program.
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No Growth: Consumer Spending, Income Flat In June (Aug-3, 10:02 EDT )-- The Commerce Department said Tuesday that personal spending was unchanged in June, the third straight month of lackluster consumer demand. Incomes were flat as well, the weakest showing in nine months.
Wall Street Balances Mixed Earnings and Consumer Spending Data (Aug-3, 09:40 EDT )-- Mixed earnings reports on Tuesday took some excitement away from the big gains to start August.
Pending Home Sales Sink 2.6 Percent In June (Aug-3, 09:38 EDT )-- The number of buyers who signed contracts to purchase homes dropped as the weak economy and tight lending standards kept consumers away. The National Association of Realtors said its seasonally adjusted index of sales agreements for previously occupied...
U.S. Consumer Spending Stagnates in June (Aug-3, 09:35 EDT )-- In addition, reports on factory orders and pending homes sales were both lower than expectations.
Factory Orders Drop For Second Straight Month (Aug-3, 09:26 EDT )-- Orders fell 1.2 percent in June due to lower demand for steel, construction machinery and aircraft. Analysts expected a much smaller decline. The manufacturing sector has since shown signs of stumbling, raising concerns the economy will slow in the...
For the World's Ills, 'Trickle Up' Solutions (Aug-3, 09:20 EDT )-- Working in low-income markets can force innovators and entrepreneurs to drive complexity and cost from their products and from the business models they create to sell them
BP Bills Partner Mitsui For $480 Million For Oil Cleanup (Aug-3, 09:14 EDT )-- The Japanese company Mitsui said Tuesday that it received a bill from BP, which has said its partners in the disastrous oil well project in the Gulf of Mexico should help pay for damages. BP has also billed Anadarko Petroleum, which has a 25 percent...
Gulf Spill Is the Largest of Its Kind, Scientists Say (Aug-3, 09:06 EDT )-- Nearly five million barrels of oil have gushed from BP’s well, according to an estimate announced on Monday.
Don't Worry, Working Moms (Aug-3, 09:02 EDT )-- Having a mother work during the first year of her child's life is not necessarily a bad thing for the child, a new study finds.
Wyeth Acquisition Helps Pfizer Top Forecasts (Aug-3, 07:40 EDT )-- The drug maker reported a 9 percent increase in second-quarter profit and reaffirmed its outlook for the year.
Want To Open A Slaughterhouse? Go To Meat School (Aug-3, 07:05 EDT )-- At the State University of New York's meat lab, students learn how to kill, cut and grind up beef, pork and lamb. After a month, they get a meat-processing and food-safety certificate and the basic know-how to work in the industry. The program aims to...
A Democrat Takes on His Party's Health Care Reform (Aug-3, 06:19 EDT )-- Talking small business with a small-business owner in Congress, part 2.
Resistance Forms Against Hollywood’s 3-D Push (Aug-3, 05:27 EDT )-- Several influential directors have criticized 3-D films, but the audiences â€" and profits â€" keep growing.
Did Low Interest Rates Cause the Great Housing Convulsion? (Aug-3, 05:00 EDT )-- By focusing largely on interest rates, we have not yet found a sound explanation for what caused the housing bubble and its bursting, an economist writes.
Hungary’s Central Bank Head Blamed for Its Crisis (Aug-3, 04:27 EDT )-- Hungary’s new prime minister, who is bucking the trend of austerity in Europe, is laying blame for economic contraction on the head of its central bank.
Hewlett-Packard Settles In Kickbacks Case (Aug-3, 03:00 EDT )-- Technology giant Hewlett-Packard says it has agreed to settle a government lawsuit alleging it paid kickbacks in exchange for help getting federal contracts. The charges against HP started with a whistleblower several years ago. HP and other technology...
United Arab Emirates To Crack Down On BlackBerry (Aug-3, 03:00 EDT )-- The Blackberry is a hugely popular device in many countries, but it's unwelcome in the UAE, which plans to ban BlackBerry e-mail, instant messaging and Web-browsing services in October. Other countries are thinking of doing the same. Margaret Coker, a...
Hydraulic Leak Delays Test Ahead Of 'Static Kill' (Aug-3, 03:00 EDT )-- BP could begin plugging its damaged well in the Gulf of Mexico Tuesday. The oil company plans to pump heavy fluid down into the well, and -- in the lingo of the oil and gas industry -- "kill it."
Thieves Desire Blinged-Out Cadillac Escalades (Aug-3, 03:00 EDT )-- An insurance industry group says the Cadillac Escalade is the vehicle voted most likely to be stolen. Also high on the list: the F-250 crew cab pickup, Infiniti G37 two-door car, Dodge Charger with its high-power HEMI engine and Chevrolet Corvette Z06.
Family Dollar Uses Ads To Retain Affluent Customers (Aug-3, 03:00 EDT )-- Family Dollar, like many of its low-price discount competitors, saw a big business boom during the recession. More affluent customers flocked to their stores to save a little money. Now Family Dollar is working to keep those customers.
Disney To Sell Miramax For $600 Million (Aug-3, 03:00 EDT )-- A group of investors, backed by a Southern California construction magnate, has agreed to buy Miramax Films from The Walt Disney Co. for about $660 million. Kim Masters, who hosts The Business on member station KCRW and is editor-at-large for The...
BMW Reports Sixfold Jump in Quarterly Profit (Aug-3, 02:57 EDT )-- The German automaker reported sales doubled in China and started picking up again in the United States and Europe.
Countrywide To Pay $600 Million To Settle Lawsuits (Aug-3, 01:20 EDT )-- Countrywide Financial Corp. agreed to pay $600 million to settle shareholder lawsuits in the largest payout so far from the mortgage meltdown. U.S. District Judge Mariana Pfaelzer in Los Angeles on Monday gave preliminary approval to the agreement, in...
Russian Billionaires Battle Over Norilsk Nickel (Aug-3, 01:14 EDT )-- A feud between Russian billionaires threatens to destabilize Norilsk Nickel, one of the world's largest mining companies.
Harman International Buys 'Newsweek' (Aug-3, 01:10 EDT )-- Sidney Harman, the 91-year-old founder of audio equipment maker Harman International Industries Inc., has agreed to buy Newsweek, ending a nearly half-century chapter for the magazine as part of The Washington Post Co.
Escalade Most Likely to Catch Thief's Eye (Aug-3, 00:42 EDT )-- The blinged-out Cadillac Escalade SUV, a favorite of A-listers like Tiger Woods, is once again the vehicle voted most likely to be stolen, according to an insurance industry group. The F-250 crew cab pickup, Infiniti G37 two-door car, Dodge Charger...
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