News archive from 14 December 2011

Chiropractors urge governor to require equal payment practices

A group of chiropractors on Tuesday urged Gov. Jan Brewer's administration to halt what they described as insurers' unfair payment practices that are driving chiropractors out of business. The chiropractors said that Arizona's Department of Insurance...

 

FDA warns centers for misleading Lap-Band ads

WASHINGTON — Federal health officials have issued warning letters to eight surgical centers and a marketing firm in California for misleading advertisements promoting the Lap-Band, a stomach-restricting device used to treat obesity. The Food and Drug...

 

New giant plane to launch people, cargo into orbit

SEATTLE -- Microsoft co-founder Paul Allen and aerospace pioneer Burt Rutan are building the biggest plane ever to haul cargo and astronauts into space, in the latest of several ventures fueled by technology tycoons clamoring to write America's next...

 

Employers post fewer job openings in October

WASHINGTON — U.S. employers advertised slightly fewer jobs in October, a modest decline from a three-year high hit in the previous month. The Labor Department says companies and governments posted 3.3 million jobs that month, down from 3.4 million in...

 

Employers slightly reduce job postings in October

WASHINGTON - U.S. employers advertised slightly fewer jobs in October, a modest decline from a three-year high hit in the previous month. The Labor Department says companies and governments posted 3.3 million jobs that month, down from 3.4 million in...

 

Republicans muscle tax cut bill through House

WASHINGTON -- The Republican-controlled House has passed legislation sought by President Barack Obama to extend Social Security payroll tax cuts through 2012. But the bill also includes a requirement for construction of an oil pipeline that has drawn...

 

Stock gains fade as Fed warns of market strains

NEW YORK - A late afternoon slide pulled stock indexes lower after the Federal Reserve held off on any new steps to boost the economy. The Fed cautioned that strains in global financial markets still pose a danger, a nod to Europe's debt crisis. The...

 

When most wonderful day of year comes late

NEW YORK - When Emily Russell's two young sons wake up on Christmas morning, they'll find that Santa left them a note instead of the videogames they requested. "Hey, I couldn't get by your house last night," Russell, a single mother from...

 

Driver had multiple texts before crash

WASHINGTON - A 19-year-old pickup truck driver involved in a deadly highway pileup in Missouri last year sent or received 11 texts in the 11 minutes immediately before the accident, federal investigators said Tuesday. The driver sent six texts and...

 

Retail sales rise for sixth straight month

WASHINGTON-The start of the crucial holiday shopping season in November helped fuel the sixth straight monthly increase in retail sales. Gift-buying Americans spent more on clothing and electronics, and sales of autos and furniture also rose. Still,...

 

Morgan Stanley to take $1.8 billion charge in settlement with MBIA over mortgage investments

NEW YORK - Morgan Stanley said Tuesday that it has reached a settlement with insurance company MBIA Inc. over disputes involving mortgage-backed investments. It’s the latest sign that banks are working hard to clean up their balance sheets by getting...

 

Business inventories up 0.8% in October

WASHINGTON - U.S. businesses increased their stockpiles in October after slowing inventory growth in the previous month. The buildup in inventories should help the economy grow modestly in the final months of the year. The Commerce Department said...

 
Marriott CEO J.W. Marriott Jr. to retire

Marriott CEO J.W. Marriott Jr. to retire

J. W. Marriott Jr., who built the company his parents started as a District root beer stand in 1927 into one of the biggest hotel chains in the world, is retiring as chief executive after 39 years, ending a storied run in American business history....

 
Fed nearing a plan to clarify direction of rates

Fed nearing a plan to clarify direction of rates

WASHINGTON-The Federal Reserve under Ben Bernanke has gone further than ever to explain its policies to the public. It's ready to go further still. A Fed policy meeting Tuesday will likely focus, in part, on an evolving plan to reveal the direction of...

 
8 ex-Siemens executives and agents charged with bribing to secure $1 billion Argentine deal

8 ex-Siemens executives and agents charged with bribing to secure $1 billion Argentine deal

NEW YORK - Eight former Siemens senior executives and agents were charged with plotting to pay $100 million in bribes to secure a $1 billion contract to produce national identity cards for Argentine citizens, in a scam involving a “shocking level of...

 

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