Obama to open middle-class jobs, opportunity tour Aiming to show he's still focused on creating jobs, President Barack Obama is beginning a series of quick trips around the country to resurrect ideas from his State of the Union address that became overshadowed by the intense debates over gun control, immigration and automatic spending cuts. More
Retailers report modest gains for April Americans spent briskly during the early spring months in the latest sign that they’re encouraged by the economic recovery. Falling gas prices, a rallying stock market and gains in the job market all fueled Americans’ shopping habits even as cold weather tempered their desire to buy spring fashions. More
US home building is surging, but job growth isn't The resurgent U.S. housing market has sent builders calling again for Richard Vap, who owns a drywall installation company. Vap would love to help - if he could hire enough qualified people. "There is a shortage of manpower," says Vap, owner of South Valley Drywall in Littleton, Colo. More
US casino revenue up nearly 5 percent in 2012 Things are looking up for most of the nation’s commercial casinos, as gambling revenue increased by nearly 5 percent last year and jobs held roughly steady. According to the annual survey of casinos by the American Gaming Association, America’s nontribal casinos took in $37.3 billion from gamblers last year, an increase of 4.8 percent over 2011. More
Far-Flung Gains Show U.S. Chugging Past Global Slowdown: Economy - Bloomberg ... in its sixth year, shows no ... in a Bloomberg survey of 78 ... 291,000 in the week ended Nov ... isn’t rippling through the economy. ... 11/20/2014 - 2:11 pm | View Link
Markets Live: Big miners at 2014 ... - Canberra Times One filled out a survey about their ... the resilience of the US economy to ... with-apples comparison shows that ... which is an open ended ... 11/19/2014 - 12:25 pm | View Link
Markets Live: Big miners at 2014 lows - Sydney Morning Herald ... with-apples comparison shows ... slowed markedly, the survey ... sector and broader economy ... which is an open ended fund ... Sam Tuck ... 11/19/2014 - 10:35 am | View Link
Markets Live: Shares erase year's gains - Sydney Morning Herald ... second-biggest economy, amid ... as the following chart shows. ... in the six months ended ... University of Michigan survey ... manager ... 11/19/2014 - 6:58 am | View Link
Markets Live: Shares erase year's ... - Canberra Times ... second-biggest economy, amid ... as the following chart shows. ... in the six months ended ... University of Michigan survey ... manager ... 11/19/2014 - 6:33 am | View Link
US shows torrid growth, boosted by defense, trade U.S. growth was boosted by a surge in defense spending and a narrower trade deficit, as jobless claims rose. 10/30/2014 - 8:48 am | View Link
Markets Live: ASX shrugs off Wall St lead Shares manage a solid gain, shrugging off a weak lead from Wall St and the end of QE, as updates from the likes of NAB, Wesfarmers, and Coca-Cola buoy investors. 10/29/2014 - 10:33 pm | View Link
Hawkish Fed ruffles markets Stocks weakened and bonds sold off after a slightly more hawkish tone by the Fed on rate hikes caught investors off guard. 10/29/2014 - 3:03 pm | View Link
Surprisingly hawkish Fed ruffles markets Stocks weakened and bonds sold off after the Fed surprised Wall Street with a slightly more hawkish tone that suggested it may be more aggressive with rate hikes. 10/29/2014 - 2:59 pm | View Link
CNBC Fed Survey: CNBC's Steve Liesman: Market Pushes Back Fed Rate Hike Expectations CNBC Fed Survey: CNBC's Steve Liesman: Market Pushes Back Fed Rate Hike Expectations 10/28/2014 - 8:44 am | View Link
Minimum wage A minimum wage is the lowest hourly, daily or monthly remuneration that employers may legally pay to workers. Equivalently, it is the lowest wage at which workers may ... 11/26/2014 - 10:16 am | View Website
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FedSmith.com The nation’s largest employer, the federal government, on Nov. 6 began accepting applications for phased retirement. While the rules apply only to federal workers ... 11/25/2014 - 7:14 pm | View Website
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A group of New York investors has given it a big vote of confidence by acquiring a majority stake in a deal said to value the 152-acre residential complex at more than $1.35 billion.
The deal, reported in Wednesday’s Wall Street Journal, comes one week after the California Supreme Court gave the go-ahead to build 5,679 rentals alongside the existing 3,221 rent-controlled units, capping off an often-bitter three-year legal fight against critics of the plan.
Heading the team of investors is Mark Karasick, managing partner of 601w, a New York real estate investment and development firm that has bought and sold residential and office buildings throughout the country.
According to the Wall Street Journal, Karasick’s group invested nearly $200 million for “more than a 70 percent stake” in Parkmerced’s owner, Parkmerced Investors Properties, a group led by New York real estate investor Robert Rosania, and including San Francisco’s Fortress and Boston’s Rockport Group.
The project has gone through many owners and investors, including the late Leona Helmsley and JPMorgan Chase, along with defaults, delays, tenant protests and court proceedings.
In addition to new and upgraded housing, the Parkmerced Vision Plan calls for an “eco-neighborhood” designed by the San Francisco office of Skidmore Owings & Merrill, including retail, office space, a K-6 school, a community center, open space and Muni stops.
Even with rent control remaining in more than one-third of the units, Parkmerced appears to make sense as a real estate investment.
“The upward surge in rents generally over the past three years forgives a lot of problems,” said Patrick Carlisle, chief market analyst at San Francisco’s Paragon Real Estate Group.
Twitter said it is now tracking what other apps its users have installed on their mobile devices so it can tailor content and ads to them better.
Twitter said Wednesday that users will receive a notification when the setting is turned on and can opt out using settings on their phones.
On iPhones, this setting is called “limit ad tracking.”
Besides advertising, Twitter said that knowing what apps people have downloaded can improve its suggestions on what accounts to follow and add relevant content to their feeds that isn’t advertising.
A recent Pew Research Center poll found that about 80 percent of Americans who use social networking sites are concerned about third parties, such as advertisers, accessing data that they share on the sites.
The stock market eked out another record close on Wednesday ahead of the Thanksgiving holiday as investors assessed the latest reports on the economy and some corporate earnings.
Orders for long-lasting manufactured goods rose in October, but a key category that tracks business investment plans declined sharply for a second straight month.
Consumers spent modestly more in October, a slight improvement after no gain at all in the previous month.
“This seems to be a classic holiday plateau,” said Kristina Hooper, head of U.
DETROIT — U. S. safety regulators threatened fines and legal action against Takata Corp. Wednesday unless the company admits that its driver’s air bag inflators are defective and agrees to a nationwide recall.
In a letter to Takata’s Washington office, the National Highway Traffic Safety Administration gave the Japanese company until Tuesday to file paperwork declaring a defect and expanding the recall from high-humidity states to the full nation.
Takata has maintained that the air bag problems are caused by prolonged exposure to airborne moisture, and that there’s no need for a national recall.
Boundaries of the recall zone vary by manufacturer, but generally it covers Gulf Coast states, Hawaii, Puerto Rico and some U.
Protesters gathered at the U. S. Embassy in London on Wednesday in the latest solidarity demonstration to spring up in the wake of the Ferguson grand jury decision
While protests spread like wildfire across the U. S. on Monday and Tuesday, activists across the Atlantic have now taken to the streets.