Forget politics. Bush tax cuts still loom
Washington awoke with hair on fire Wednesday after media reports — many of which later required corrections — suggested that the Democratic Party was suddenly split over extending the Bush tax cuts.
22,000 applicants for 877 Hyundai jobs
When Hyundai announced in April it was planning to bring hundreds of new jobs to Montgomery, Ala., the news was met with excitement by local officials eager to boost the flagging economy.
Romney promises small business a policy role
Mitt Romney promised members of the nation’s small business lobby on Wednesday that, if elected, he would shut down health care reform, reduce taxes and tackle regulations.
Nasdaq plans $40 million payout for Facebook losses
Nasdaq said Wednesday that it plans to spend $40 million to compensate trading firms for losses caused by glitches that delayed Facebook’s debut.
Dow, S&P 500 post biggest gains of 2012
U.S. stocks rallied Wednesday, with the Dow and S&P 500 logging their best gains of the year, as investors grew hopeful that more stimulus for the global economy is around the corner.
Huge government pension gap sparks backlash
Pensions and other retirement benefits have become a multi-trillion-dollar black hole for state and local government budgets, sparking fierce battles between elected officials and voters on one side and public sector unions on the other.
Seven things you should know about Solyndra
No matter how hard President Obama may try, the Solyndra debacle — and its $529 million taxpayer-backed price tag — just won’t go away.
World markets shake off fears
World markets rebounded Wednesday, as a report on eurozone economic growth revealed no further weakness, helping abate concerns about the European debt crisis and teetering banks.
JPMorgan lacked risk controls – regulator
JPMorgan Chase’s $2 billion in losses from risky bets can be blamed on “inadequate risk management,” a federal regulator told a Senate panel Wednesday.
Warren Buffett: U.S. recession is unlikely
Billionaire Warren Buffett says it’s unlikely that the U.S. economy will fall into another recession, calling the chances “very low.”
