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Council approves business loan, votes to look for Vista Point engineer locally (Jun-17, 04:38 EDT )-- LAKEPORT Over the objections of a city resident, the Lakeport City Council on Tuesday approved a $50,000 business stabilization loan for a local paint store, and also voted to seek out a local engineer to inspect the Vista Point Shopping Center's...
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House Panel Radiates Anger At BP CEO (Jun-17, 10:02 EDT )-- Tony Hayward is appearing Thursday to a House panel about the Gulf Coast oil disaster, with the subcommittee's chairman saying he expects the CEO to face some rough treatment.
With Criminal Charges, Costs to BP Could Soar (Jun-17, 09:30 EDT )-- The civil fine alone could be $280 million a day, but criminal penalties could cause the costs to balloon.
Annual Reports Show Lawmakers' Personal Finances (Jun-17, 09:28 EDT )-- Members of Congress disclosed their personal finances Wednesday, as they're required to do every year. In 2009, they continued to invest in companies they oversee as members of congressional committees. Also, more than two dozen members held stock in...
Estonia Given Clearance to Adopt Euro (Jun-17, 09:18 EDT )-- The European Union also voted to allow Iceland to begin talks to join the bloc, although enthusiasm has waned among the island nation's citizens.
Uncle Sam, Solar Landlord, Is Under Fire (Jun-17, 09:17 EDT )-- The nation's biggest landlord - the United States government - has set the rent it will charge developers who build solar power plants on federal land, and some prospective tenants are not happy.
BP Chief Expresses Contrition to House Panel (Jun-17, 09:16 EDT )-- BP’s embattled chief executive, Tony Hayward, is telling Congress on Thursday that he was “deeply sorry†for the oil disaster in the gulf.
Soft Economic Reports Push Shares Lower (Jun-17, 08:55 EDT )-- Reports on jobless filings and on manufacturing came in weaker than expected, renewing concerns that the economic recovery might be fading.
May Consumer Prices Fall on Lower Energy Costs (Jun-17, 08:36 EDT )-- In a separate report, the number of people filing claims for jobless benefits rose last week.
Why Living Wills Fail (Jun-17, 08:35 EDT )-- President Obama would be wise to think about the perils of lax regulation, be it in Big Finance or Big Oil, an economist writes.
Swiss Give Final Approval to UBS Tax Deal (Jun-17, 08:04 EDT )-- Swiss lawmakers overcame the last obstacle to a deal with the United States under which UBS will hand over information on 4,450 suspected tax cheaters.
New Jobless Claims Jump; Consumer Prices Dip (Jun-17, 07:59 EDT )-- The number of people filing new claims for jobless benefits surged by 12,000 last week after three straight declines, another sign that hiring remains weak. A gauge of future economic activity rose 0.4 percent in May, signaling slow growth in the...
AOL Sells Bebo Site to Criterion Capital Partners (Jun-17, 07:45 EDT )-- The site, which AOL bought about two years ago for $850 million, was unable to compete against Facebook and Twitter.
Spanish Bond Auction Brings Strong Demand (Jun-17, 07:38 EDT )-- The Spanish government sold 3.5 billion euros of bonds Thursday, the maximum set for the auction, easing investor worries.
The End Of Free Checking (Jun-17, 07:24 EDT )-- Bank of America is planning to get rid of its basic free-checking account. Other banks may follow suit.
Before Gulf Spill, BP CEO Tony Hayward Won Praise (Jun-17, 06:50 EDT )-- President Obama's meeting with top BP executives marked a big change in the energy giant's handling of the crisis. Until now, CEO Tony Hayward has been the public face of the company, but after a series of gaffes, he has been shunted into the background.
The Three Tradesmen (Jun-17, 06:00 EDT )-- "These men are demanding," the boss thought to himself, "but they are proud of their work and wish to protect it. This is a good situation. All will be well."
EU Leaders Try To Fix Long-Term Economic Problems (Jun-17, 05:51 EDT )-- European Union leaders meeting in Brussels are debating long-term fixes to their debt crisis to prevent countries from overspending and allowing their economies to become less competitive in the wake of a bailout for Greece and worries about other states.
Fujitsu and Toshiba to Merge Cellphone Units (Jun-17, 04:03 EDT )-- The agreement is the latest move in the fragmented industry to consolidate and better compete in Japan against Apple, Nokia and Samsung.
Spirit Airlines May Resume Flights Friday (Jun-17, 03:00 EDT )-- Discount carrier Spirit Airlines reached a deal with its pilots, who walked off the job last weekend because of a pay dispute. It's the first pilot strike in 5 years, and it completely grounded the Florida-based airline. About 16,000 passengers...
BP Agrees To $20 Billion Fund To Help Gulf Victims (Jun-17, 03:00 EDT )-- President Obama and BP's chairman have announced the creation of a $20 billion escrow fund that will be used to compensate victims of the Gulf oil spill. BP also announced it is canceling 2010 dividend payments.
Disney Updates Dress Code For Park Employees (Jun-17, 03:00 EDT )-- According to the Los Angeles Times, Disney has relaxed its traditionally conservative rules regarding employee appearance. For the first time, women who work at its theme parks don't have to put on stockings when they wear skirts. Male employees may...
High Demand Backlogs iPhone 4 Orders (Jun-17, 03:00 EDT )-- AT&T has stopped taking advance orders for Apple's new iPhone 4. Unexpectedly high demand and technical problems caused the company to suspend orders so it can fulfill the ones it's already received. That means phones that were supposed to ship next...
BP Suspends Dividends, Sets Up Gulf Fund (Jun-17, 03:00 EDT )-- President Obama may not have cleaned up the oil spill yet -- but on Wednesday he succeeded in extracting a big financial commitment from BP. After a four hour meeting with BP executives at the White House, the oil giant agreed to put $20 billion in an...
Advertising: Ring Pops Inspire Mariah Carey Fragrances (Jun-17, 00:36 EDT )-- Inspired by a marriage proposal, Elizabeth Arden developed a fragrance line and united with Topps, a confectioner, to market it.
Hesitant Consumers May Slow Sales This Summer (Jun-16, 23:01 EDT )-- Retailers were encouraged by an uptick in shopping earlier this spring. But more recent data suggest a slowdown at clothing and department stores. Consumer confidence measures are up, but without incentives, cash-strapped shoppers are likely to remain...
Nonprofit Gym Helps Low-Income Community Get Fit (Jun-16, 23:00 EDT )-- In many low-income neighborhoods, obesity and diabetes are huge problems. Fear of crime and traffic keep many residents from exercising outdoors, and indoor gyms are often too few and too expensive. Healthworks, a nonprofit fitness center in Boston, is...
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