Business
Tuesday, 14 August 2012 15:12

Biden Tells Crowd Romney Will Unchain Wall Street

Written by Joshua Cohan

Authors: Joshua Cohan

Biden Tells Crowd Romney Will Unchain Wall StreetJoe Raedle/Getty Images(DANVILLE, Va.) -- Vice President Joe Biden raised eyebrows today when he referred to the Republican Party as wanting to put voters in chains.
Specifically, the vice president said to the Danville, Va., crowd that the House GOP budget, partly written by House Budget Committee Chairman Rep. Paul Ryan,...

Tuesday, 14 August 2012 12:18

Dell CEO’s Kid Overshares on Social Media

Written by Jeanette Torres

Authors: Jeanette Torres

Dell CEO’s Kid Overshares on Social MediaTomohiro Ohsumi/Bloomberg via Getty Images(NEW YORK) -- The twitter account for Alexa Dell, daughter of Dell founder Michael Dell, has been deactivated following security concerns prompted by her detailed account of the family’s whereabouts.
The security of the CEO, who expects to spend $2.7 million in 2012 to keep his...

Authors: Joshua Cohan

Retail Sales Jump 0.8% in July; First Increase in Four MonthsComstock/Thinkstock(WASHINGTON) -- Retail sales increased 0.8 percent last month with department stores, auto dealerships and electronics outlets reporting stronger than expected sales, according to a report from the U.S. Commerce Department. It is the first time retail sales have increased in four months.
“Sales are...

Authors: Jeanette Torres

iRobot's Roomba, Looj Updated to Clean Your Home Better Than YouiRobot(NEW YORK) -- iRobot, the maker of popular home robots, announced on Tuesday new versions of two of its autonomous cleaning devices -- the Looj and the Roomba.
Like previous Roombas, the 600 Series uses sensors to find dirt on carpets, wood floors, tile and laminate, but it’s now been improved with AreoVac...

Authors: Jeanette Torres

Washington Residents Fed Up with Canadians Taking over Local CostcoSpencer Platt/Getty Images(BELLINGHAM, Wash.) -- Residents of Bellingham, Wash., are fed up with Canadian shoppers who cross the border and buy up the goods at the local Costco.
Canadian residents are driving less than 30 miles across the U.S. border and taking full advantage of the favorable exchange rate when buying food,...

Authors: Jeanette Torres

Paul Ryan's Budget Plan Could Raise Middle Class Taxes, Says PanelCreatas/Thinkstock(NEW YORK) -- While Mitt Romney would reportedly pay less than 1 percent of his income in taxes under Paul Ryan's previous tax plan, most Americans making less than $200,000 would see a tax hike under the budget Ryan proposed before he was selected to be Romney's running mate.
Most of Romney's income is...

Authors: Carmen Cox

Obama Highlights Federal Response to Drought in Iowa JIM WATSON/AFP/Getty Images(BOONE, Iowa) -- Touring drought-stricken Iowa, President Obama Monday showcased the power of incumbency as he touted his administration’s response to the drought and announced new federal aid to help farmers and ranchers.
The federal government is buying up to $170 million worth of meat, poultry...

Authors: Carmen Cox

Lockheed Martin, Boeing Settle F-22 Fighter Wrongful Death SuitU.S. Air Force photo/Senior Airman Kasey Close(NEW YORK) -- Defense contracting giants Lockheed Martin and Boeing have settled a wrongful death lawsuit leveled against them by the widow of an F-22 fighter pilot killed in a crash shortly after his plane malfunctioned, a Boeing spokesperson said.
The settlement, first reported by Av...

Authors: Carmen Cox

US Stocks Fall on Disappointing Global Economic ReportsHemera/Thinkstock(NEW YORK) -- Stocks fell Monday with a report from Japan showing slower than expected economic growth. China also flattened investor hopes after it failed to roll out new stimulus measures over the weekend.
The Dow lost 39 points on Monday to close at 13,169, while the Nasdaq closed up 1.66 points at 3,022. The...

Monday, 13 August 2012 18:00

Gas Prices Climb to $3.72 a Gallon

Written by Carmen Cox

Authors: Carmen Cox

Gas Prices Climb to $3.72 a GallonJupiterimages/Thinkstock(WASHINGTON) -- Gas prices are continuing to climb across the United States. The average price of a gallon of gasoline is $3.72, up seven cents from a week ago, according to the Department of Energy.
In the U.S., the price of gas in California continues to be the highest. The average price of gas on the...

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