Category: Economy

Feed Subscription
If Four Atlantic City Casinos Close In September, Then What?

If Four Atlantic City Casinos Close In September, Then What?

By Suzette Parmley, The Philadelphia Inquirer ATLANTIC CITY, N.J. -- This resort town faces the prospect of having four major vacancies on its famed Boardwalk come mid-September. ...

Read More »
UBS Charged With Tax Fraud In France

UBS Charged With Tax Fraud In France

Paris (AFP) - Swiss bank UBS was on Wednesday charged with tax fraud in Paris for allegedly helping rich French clients to hide money in Switzerland, a judicial source said. The b ...

Read More »
IMF Cuts 2014 U.S. Economic Growth Forecast To 1.7 Percent

IMF Cuts 2014 U.S. Economic Growth Forecast To 1.7 Percent

Washington (AFP) - The International Monetary Fund on Wednesday lowered its U.S. economic growth forecast for 2014 after severe winter weather in the first quarter delivered a sha ...

Read More »
U.S. Stocks Rise On Mostly Solid Corporate Earnings

U.S. Stocks Rise On Mostly Solid Corporate Earnings

New York (AFP) -- Wall Street stocks Tuesday moved higher in early trade on a stream of generally solid earnings reports that suggest the U.S. economy is continuing to pick up mom ...

Read More »
U.S. Existing-Home Sales Leap To Eight-Month High

U.S. Existing-Home Sales Leap To Eight-Month High

Washington (AFP) -- Sales of existing U.S. homes in June hit the highest level in eight months as home price gains slowed to "more welcoming levels," the National Association of R ...

Read More »
Credit Suisse Posts Heavy Loss After U.S. Tax Fine

Credit Suisse Posts Heavy Loss After U.S. Tax Fine

Zurich (AFP) - Credit Suisse posted an unexpectedly big net second-quarter loss on Tuesday as a huge U.S. tax evasion fine sent it deep into the red. The bank revealed a negative ...

Read More »
Sorry, Sean Hannity: New Yorkers Aren’t Fleeing To Low-Tax Havens

Sorry, Sean Hannity: New Yorkers Aren’t Fleeing To Low-Tax Havens

For years, conservatives have argued against attempts to raise taxes on the most affluent Americans by warning that it will cause the wealthy to flee to other states with lower ra ...

Read More »
U.S. Stocks Tumble On News Of Malaysia Airlines Crash

U.S. Stocks Tumble On News Of Malaysia Airlines Crash

New York (AFP) -- U.S. stocks sank Thursday as news of a Malaysia Airlines passenger plane crash in Ukraine and suggestions it was shot down sparked worries of an escalating confl ...

Read More »
Economy Turns Baby Boomers Into Entrepreneurs

Economy Turns Baby Boomers Into Entrepreneurs

By Janet Kidd Stewart, Chicago Tribune Bohnne Jones didn't count on having to fire her husband, Larry. And David Whiting works six days a week at his smoothie franchise, knowing h ...

Read More »
A Year Into Detroit’s Bankruptcy, Many Residents Still Feel Abandoned

A Year Into Detroit’s Bankruptcy, Many Residents Still Feel Abandoned

By Alana Semuels, Los Angeles Times DETROIT -- In the year since this city filed for bankruptcy, becoming the largest municipality ever to do so, leaders have adopted a more optim ...

Read More »
scroll to top