Why I paid $10,000 to break my mortgage

Last September, my wife and I started scouring the city for a new house. We were living in a cozy bungalow, but with a growing kid and another on the way, we decided it was time to move.
Buying a new house is, of course, expensive, so I wanted to do whatever it took to reduce […]

Corning 1Q earns slip, revenue surges

Specialty glass maker Corning Inc. said Wednesday its first-quarter profit fell 8 percent, largely because of a higher tax rate. But its revenue surged 24 percent on robust sales of glass for flat-screen televisions, computers and mobile devices.
The results beat Wall Street expectations. Its shares rose 1.5 percent in afternoon trading.
The world’s largest maker of […]

Singapore Production Growth Accelerates as Drug, Electronics Output Climbs - Bloomberg

Singapore’s industrial output grew at the fastest pace in four months as manufacturers produced more pharmaceuticals and computer parts, bolstering an economic expansion that has allowed the central bank to tighten policy.
Manufacturing, which accounts for about a quarter of the economy, climbed 22 percent in March from a year earlier after a revised 4.7 […]

Deal on Yemeni president fails to end protests

Thousands of anti-government protesters held their ground Sunday in the Yemeni capital’s Change Square despite the president’s acceptance of an Arab proposal to leave office under certain conditions after 32 years in power.
More than two months of protests pressing for President Ali Abdullah Saleh to immediately step down have left him clinging to power and […]

Disease claims young victims in Ivory Coast crisis

Kneeling family members bent in prayer over two little bodies wrapped in sheets on the grass in the hospital grounds. Then two women among them released heart-rending wails.
The latest victims of Ivory Coast’s bloody four-month political standoff are dying of easily treated malaria. Most are children.
“We had five patients die (of malaria) within an hour […]

Tablet sales may hit $75 billion by 2015

The proliferation of tablets from Apple, Motorola, Samsung and Research in Motion is making for a crowded market — and it’s one that will be worth tens of billions in four short years.
Research firm Strategy Analytics said in a study released Tuesday that the global tablet market will grow to $49 billion in revenue […]

Goldman reports Q1 income down 72 pct; stock falls

Goldman Sachs took a hit to its first quarter earnings after paying dividends to billionaire investor Warren Buffett’s company, which invested $5 billion in the bank at the height of the financial crisis in 2008.
The investment bank’s first-quarter income fell 72 percent to $908 million after it paid $1.64 billion in dividends to Berkshire Hathaway […]

Swan Says Australia Needs Carbon Tax; Labor Unions Turn Hostile - Bloomberg

Australia’s economy needs to introduce a price on carbon to protect its prosperity, Treasurer Wayne Swan said as labor unions threatened to oppose the government’s plan over concerns it will cost jobs.
“These big reforms are always hard fought, they’re always difficult and they’re always contested,” Swan said in an interview with Sky Television yesterday. […]

Led by gasoline, wholesale prices move higher

A spike in the cost of gasoline pushed wholesale prices higher in March, a trend that could limit consumer spending in the coming months.
Still, most economists don’t expect that will lead to widespread inflation because businesses are wary of raising prices when most people aren’t getting pay increases.
Gasoline at the wholesale level jumped 5.7 percent […]

Looking for work? 3 million jobs are available

The picture is improving for unemployed job seekers.
In February, hiring picked up and the ratio of unemployed seekers to available jobs improved to reach the lowest level since the end of 2008, according to the latest government readings released Wednesday.
The Labor Department reported that there were 3.1 million job openings in February, up […]