Hot finance and business news.
Even as BP appears poised to permanently kill its blown-out well in the Gulf of Mexico, shares of the company have hit a wall as investors turn their attention to the massive legal costs that lie ahead for the energy giant.
BP has pledged to set aside $20 billion to compensate businesses and individuals hurt […]
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The Phoenix Coyotes hockey team will begin selling 20- and 11-game packages to existing ticket holders Wednesday and to the general public on Friday.
Prices for 20-game plans range from $19 per ticket in the upper level to $260 a game near the ice at Jobing.com Arena in Glendale. Prices for 11-game plans range from $23 […]
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Filed under: money by Finance Boss
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Stocks slid Thursday, although they finished off their session lows, as investors weighed cautious comments from a regional Federal Reserve president about the health of the economy and a mix of quarterly profit reports.
The Dow Jones industrial average (INDU) lost 30 points, or 0.3%, the S&P 500 (SPX) index dipped 4 points or 0.4% […]
Filed under: economics by Finance Boss
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Cornell’s Restaurant in Schenectady will remain open as the company that owns the restaurant’s real estate reorganizes its debts in U.S. Bankruptcy Court, officials said today.
The real estate holding company, 39-45 North Jay Street Corp., filed for Chapter 11 to protect itself from creditors, including American Tax Funding, which handles tax liens for the city […]
Filed under: economics by Finance Boss
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Stocks slumped Thursday, with the Dow losing 145 points, as investors mulled mixed reports on the economy and a sell-off in bank shares as Wall Street reform talk move toward a close.
Dow Jones industrial average (INDU) lost around 145 points, or 1.4%. The S&P 500 (SPX) lost 18 points or 1.7% and the Nasdaq […]
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Retailers are poised for a major victory in the Wall Street reform bill currently pending in Congress. The Senate adopted an amendment late Thursday that will slap sharp restrictions on the fees issuers levy every time a buyer pays with a debit card.
Called "interchange" fees, the charges typically consume 1% to 3% of every […]
Filed under: online by Finance Boss
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The 2010 Guide to Western Pennsylvania Schools features high school students from local schools throughout the region. Click on any of the photos to bring up a slideshow.
A complete list of 11th grade rankings of southwestern Pennsylvania schools is also available on the School Guide homepage.
For more, see:
Upper St bad credit pay day loans. Clair […]
Filed under: economics by Finance Boss
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D.C.-based DuPont Fabros Technology Inc., the fastest-growing company in the Washington area last year, grew its top and bottom lines last quarter.
DuPont Fabros, a real estate investment trust that develops and manages data centers, reported net income for the first quarter ended March 31 of $5.2 million, or 8 cents per share, compared with $3.3 […]
Filed under: marketing by Finance Boss
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Top five and bottom five factors influencing corporate decisions on relocation — and where union-related factors fall on the list:
1. Labor costs
2. Highway access
3. Tax exemptions
4. Energy availability and costs
5. Corporate tax rate
11. Low union profile
14. Right to work state
22. Availability of unskilled labor
[…]
Filed under: technology by Finance Boss
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Goldman Sachs defended its controversial employee bonuses and multi-billion dollar relationship with AIG in its annual report released Wednesday, while downplaying its short-selling in the mortgage market.
Much of the letter was devoted to describing Goldman’s (GS, Fortune 500) role in the financial crisis and the recession, praising its own "strong performance" in 2009, which […]