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Typical CEO made $9.6M last year, AP study finds
By Bernard Condon and Christina Rexrode - Associated Pressupdated 0 minutes agoProfits at big U.S. companies broke records last year, and so did pay for CEOs. Published May 25, 2012Comments (2)
In Europe’s gloom, some rays of hope for U.S. economy
By Patrice Hill - The Washington TimesThe Old World’s worries are not necessarily bad news for the New World’s economy — at least in the short term. Published May 24, 2012 Comments (1)Venerable New Orleans daily goes to part-time publication plan
By Cain Burdeau - The Washington TimesThe Times-Picayune, one of the nation’s oldest newspapers, is dropping its daily circulation after 175 years and plans to issue three printed editions a week starting in the fall. With the change, the newspaper would become the largest metro newspaper in the nation to drop daily circulation in this digital age. Published May 24, 2012 Comments (0)
EU summit over, eurozone ills are not
By Raf Casert and Sarah DiLorenzo - Associated PressEuropean Union leaders concluded their latest summit early Thursday with few ways to cure the continent’s festering financial crisis, even as the potential for a messy Greek exit from the euro appears to be rising. Some leaders stressed the importance of planning for just such an event but offered no measures that might help Greece avoid it. Published May 24, 2012 Comments (0)
Gulf shrimpers still struggling
By Cain Burdeau and Jay Reeves - Associated PressGloom infects the hard-working shrimp and crab docks of this gritty fishing town as the second full year of fishing since BP’s catastrophic oil spill kicks into high gear. Published May 24, 2012Comments (0)
Weekly jobless aid applications dip to 370,000
By Christopher S. Rugaber - Associated PressThe number of people seeking unemployment aid changed little last week, signaling modest job growth.Hewlett-Packard leads Dow to just 4th gain of month
By Matthew Craft - Associated PressHewlett-Packard helped pull the Dow Jones industrial average to a slight gain Thursday, giving the index only its fourth gain this month.Idaho town seeks to lure gun and ammo makers
By Nicholas K. Geranios - Associated PressThe small community of Potlatch, Idaho, in the forested, western foothills of the Rocky Mountains, was created as a company town to house workers for the nation's largest white pine sawmill, and its tidy homes and straight, tree-lined streets are a testament to its planners.Police: British bandits foiled by glued-up bills
By Raphael Satter - Associated PressThree bandits were foiled in Britain when their attempt to pry open a stolen cash box ran up against a new security system that slathered the bills with glue.EU leaders support growth, give few concrete plans
By Raf Casert and Sarah DiLorenzo - Associated PressEuropean Union leaders concluded their latest summit early Thursday with few concrete steps to fix the Continent's festering financial crisis even as the potential for a messy Greek exit from the eurozone appears to be rising. Some leaders stressed the importance of planning for just such an event but offered no measures that might help Greece avoid it.Economy Briefs: Facebook launches iPhone camera app
By THE WASHINGTON TIMESFacebook's rocky initial public offering hasn't stopped life at the world's biggest online social network. On Thursday, the company unveiled a camera app for the iPhone.Spain calls for help to lower borrowing rates
By Don Melvin and Sarah DiLorenzo - Associated PressWorries about Greece's electoral turmoil and Spain's spiraling borrowing costs are piling the pressure on European Union leaders meeting in Brussels on Wednesday amid renewed market pressure to keep the region's debt problems from getting worse.U.S. sales of new homes rose 3.3 percent in April
By Martin Crutsinger - Associated PressAmericans bought more new homes in April, the latest signal that the U.S. housing market is steadily improving.Regulators probe bank's role in Facebook IPO
By Marcy Gordon - Associated PressRegulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.Spain calls for help to lower borrowing rates
By Don Melvin and Sarah DiLorenzo - Associated PressWorries about Greece's electoral turmoil and Spain's spiraling borrowing costs are piling the pressure on European Union leaders meeting in Brussels on Wednesday amid renewed market pressure to keep the region's debt problems from getting worse.Europe's leaders seek ways to boost growth
By Sarah DiLorenzo - Associated PressThe leaders of the 27 countries that make up the European Union will meet in Brussels on Wednesday to try and find a way to keep the debt crisis in Europe from spiraling out of control and promote jobs and growth.Facebook stock price on the rise, but company now faces lawsuits
By Barbara Ortutay - Associated PressFacebook's fourth day of trading as a public company brought shareholder lawsuits and an increase in the company's stock price as the fallout continued from the social network's botched initial public offering.Hewlett-Packard to lay off 27,000 workers
By Michael Liedtke - Associated PressHewlett-Packard says it's laying off 27,000 workers, 8 percent of its work force, as it restructures the business.Economy Briefs: Euro sinks to 22-month low on fears about Europe
By THE WASHINGTON TIMESThe euro plunged to its lowest level in nearly two years as investors fretted that European leaders won't be able to prevent Greece from making a messy exit from the region's shared currency.Oil drops below $90 for 1st time since Nov. 1
By Chris Kahn - Associated PressThe price of oil tumbled below $90 on Wednesday for the first time in nearly seven months as U.S. supplies continue to grow.Hewlett-Packard plans to cut 27,000 jobs to save $3.5B
By Michael Liedtke - Associated PressHewlett-Packard Co. plans to cut 27,000 jobs as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers.Economic group: 'Severe recession' is looming in eurozone
By Greg Keller - Associated PressThe 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and the European Central Bank to act quickly to keep the slowdown from dragging down the global economy.DINE: Pro sports' players unions derelict in duties
By Philip Dine - Special to The Washington Times - The Washington TimesBig-time sports, which are supposed to offer an entertaining diversion from the serious and often dismal news we're bombarded with these days, recently have provided anything but.Opponents claim Keystone would boost gas prices
By Tim Devaney and Ben Wolfgang - The Washington TimesTransCanada's proposed $7.6 billion Keystone XL pipeline, a massive project that would transport Canadian oil to Texas refineries on the Gulf Coast, has been pitched as a way to lower domestic gas prices. But a coalition of environmental groups on Tuesday produced a new study claiming the pipeline would have the opposite effect.Organizers: Don't mess with the Olympic brand
By Danica Kirka - Associated PressOlympic organizers say the increasing sophistication of guerrilla marketers and the rise of social media are putting the five rings under assault in ways barely envisioned a decade ago. That means action against anyone who infringes the Olympic brand or sponsors' deals — no matter how small.Stocks end mixed after Greek worries resurface
By Matthew Craft - Associated PressStocks are closing mixed after news out of Greece yanked indexes lower shortly before the closing bell.DVR's ad zapper hits networks' hot button
By David Bauder - Associated PressThe maker of a new DVR that lets consumers zap away broadcast-TV commercials at the touch of a button suggested Tuesday that the networks are being shortsighted in opposing the technology.Argentina's long economic boom coming to an end
By Almudena Calatrava - Associated PressArgentina's nine-year economic expansion is slowing sharply, according to analysts, who predict growth of 2.5 percent to 3 percent this year, half the 5.1 percent projected by the government's 2012 budget and far below last year's 8.9 percent rise.European Union leaders focus on debt
By Sarah DiLorenzo - Associated PressThe leaders of the 27 countries that make up the European Union meet in Brussels on Wednesday to try and find a way to keep the debt crisis in Europe from spiraling out of control and to promote jobs and growth.DINE: Pro sports' players unions derelict in duties
By Philip Dine - Special to The Washington Times - The Washington TimesBig-time sports, which are supposed to offer an entertaining diversion from the serious and often dismal news we're bombarded with these days, recently have provided anything but.Organizers: Don't mess with the Olympic brand
By Danica Kirka - Associated PressOlympic organizers say the increasing sophistication of guerrilla marketers and the rise of social media are putting the five rings under assault in ways barely envisioned a decade ago. That means action against anyone who infringes the Olympic brand or sponsors' deals — no matter how small.Facebook below IPO price
By Barbara Ortutay and Pallavi Gogoi - Associated PressFacebook's stock tumbled well below its $38 IPO price in the social network's second day of trading as a public company on Monday.Market breaks losing streak, with China's help
By Christina Rexrode - Associated PressForget Facebook. This is still Apple's stock market. Apple — the world's most valuable company, the innovator that revolutionized the cell phone — climbed nearly 6 percent on Monday, helping propel major U.S. stock indexes to gains after a solid week of losses.Regulation seen as a drag on business
By Tim Devaney - The Washington TimesThe head of the nation's largest business lobby on Monday said the Obama administration's heavy regulatory hand was "making it difficult" for the business community.Economy Briefs: Say what? Kraft's name becomes a joke
By THE WASHINGTON TIMES - Associated PressThe sarcasm was palpable in the one-word headline that appeared in the New York Post on the day after Kraft Foods revealed that it planned to name its new global snack business "Mondelez," an interpretation of a mash-up of the Latin words for "world" and "delicious." But that wasn't the only dig.Economy Briefs: Rhode Island's big bet on Schilling raises concerns
By THE WASHINGTON TIMESRhode Island's gamble on former Red Sox pitcher Curt Schilling's video game company is prompting questions from lawmakers about the wisdom of giving an untested company so much help.SANDERS: EU train wreck, meet U.S. stuck truck
By Sol SandersResembling a huge 74-wheeler packed with unassembled goodies, the U.S. economy is stranded on the grade crossing with the Euro Express gathering speed as it tears down the tracks for a seemingly inevitable collision.Facebook's Zuckerberg weds a day after historic IPO
By Marcus Wohlsen - Associated PressFor Facebook founder and CEO Mark Zuckerberg, it was quite a week — from birthday to IPO to "I do."J.P. Morgan's $2 billion loss renews debate on size
By Patrice Hill - The Washington TimesJ.P. Morgan's announcement of a spectacular trading loss of $2 billion last week gives fuel to regulators who are inclined to slim down or at least stop the growth of such "too-big-to-fail" megabanks in the future, banking analysts say.Report: Yahoo close to deal on Alibaba
By Associated PressYahoo Inc. may finally be nearing a deal to sell half of its prized stake in the major Chinese e-commerce provider Alibaba.Insider trading trial to begin
By Tom Hays - Associated PressThe July 29, 2008, phone call between two titans of Wall Street began with the old friends exchanging mild pleasantries, but then quickly turned serious and - by the government's account - criminal.G-8 leaders hope Greece remains in eurozone
By Anne Gearan and Jim Kuhnhenn - Associated PressPresident Barack Obama and other leaders of the Group of Eight industrial nations expressed hope Saturday that Greece will remain in the Eurozone, anxious to keep its economic troubles from spreading around the world. The leaders said all of the nations have an interest in the success of efforts to strengthen the eurozone and help Europe's economy grow.Facebook stock jumps in public debut
By Barbara Ortutay - Associated PressFacebook is updating its status to "public company" as its stock jumps in its debut on the Nasdaq Stock Market.U.S. futures set to rebound as G-8 leaders gather
By Associated PressU.S. stock futures rebounded Friday as leaders of eight of the world's biggest economies began to gather outside of Washington to determine how best to limit damage from the debt crises rattling Europe.U.S. stocks edge lower on Europe worries
By Joshua Freed - Associated PressIt looks like it will take more than Facebook's initial public offering to push stocks up.Facebook jumps, slumps on first day of trading
By Tim Devaney - The Washington TimesFacebook investors gave the stock a resounding thumbs down on the first day of trading.U.S. unemployment aid applications stay at 370,000
By Christopher S. Rugaber - Associated PressThe number of people seeking U.S. unemployment benefits was unchanged last week, suggesting modest but steady gains in the job market.Leader of U.S. aviation group slams 'flawed' EU emissions scheme
By Tim Devaney - The Washington TimesThe head of a top American aviation group on Thursday called the European Union's controversial Emissions Trading Scheme "wrong-headed" and "do-gooderism."Stocks fall; Dow has its 11th loss in 12 days
By Pallavi Gogoi - Associated PressThe Dow Jones industrial average fell for the 11th time in 12 days after a pair of discouraging economic reports came as investors worried about Greece's possible exit from euro.Investor Buffett to 'rule' 63 newspapers
By Tim Devaney - The Washington TimesTo hear the Sage of Omaha tell it, newspapers may not be dead after all.Tariffs on Chinese solar panels split U.S. rivals
By Matthew Daly - Associated PressThe Obama administration moved Thursday to impose stiff new tariffs on solar panels made in China, finding that Chinese companies are improperly flooding the U.S. market with government-subsidized products.Facebook stock logs on at $38 tag
By Barbara Ortutay - Associated PressFacebook's initial public offering of stock is shaping up to be one of the largest ever. The world's definitive online social network is raising at least $16 billion, a big windfall for a company that began eight years ago with no way to make money.Economy Briefs: World's first Wikipedia town to launch in Wales
By THE WASHINGTON TIMESA small Welsh town where English King Henry V was born is about to make history again by becoming the world's first "Wikipedia town."VERSACE: Looming 'fiscal cliff' demands attention
By Chris Versace - The Washington TimesThis week there was more than idle conversation about Facebook's pending initial public offering, an IPO likely to be one of the largest in history. While it's hard to argue with the company's sheer size, several filings with the Security Exchange Commission reveal some concerns over its mobile strategy and growth prospects. More questions were raised this week when General Motors Co., one of the largest advertisers in the U.S., announced that it plans to stop advertising with Facebook.Facebook prices IPO at $38 per share
By Barbara Ortutay - Associated PressIn one of the largest initial public offerings of stock ever, Facebook said Thursday that it is raising at least $16 billion for itself and its early investors in a transaction that values the world's definitive online social network at $104 billion.As Facebook grows, millions say, 'no, thanks'
By Anick Jesdanun - Associated PressDon't try to friend MaLi Arwood on Facebook. You won't find her there. More than 900 million people worldwide check their Facebook accounts at least once a month, but millions more are Facebook holdouts.Mich. boy finds piece of finger in Arby's sandwich
By Associated PressA Michigan teen made a grisly discovery after biting into an Arby's junior roast beef sandwich.Economy Briefs: Official says bank prefers Greece stay in eurozone
By THE WASHINGTON TIMESThe European Central Bank would like Greece to stay in the eurozone, its president, Mario Draghi, said Wednesday, amid continued political uncertainty that threatens to force it out of the bloc.
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