Most interesting finance and busines news.
Well, that was painful.
The House and Senate on Friday finally approved and President Obama signed into law a short-term extension of the payroll tax cut and federal unemployment benefits, and staved off a steep cut in pay to Medicare doctors.
But, once again, Congress took a tortured path. And on legislation that, in the scheme […]
Industrial output declined in November for the first time in seven months as manufacturing activity slumped, countering recent signs of improvement in the economy.
Production in the industrial sector eased 0.2 percent last month, the first drop since April, following a 0.7 percent gain in October. Analysts in a Reuters poll had been looking for […]
Filed under: Canada, management by Guru
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A new report claims a Russian lawyer who died in prison was tortured and deliberately denied medical treatment, and that the official investigation covered it up.
Sergei Magnitsky, who was arrested after accusing officials of corruption, died in November 2009 after the pancreatitis he developed in prison went untreated. Two prison doctors have been charged with […]
The average rate on the 30-year fixed mortgage hovered above its record low for a fourth straight week. But cheap mortgage rates have done little to boost home sales or refinancing.
Freddie Mac says the rate on the 30-year fixed loan fell to 3.98 percent from 4 percent the previous week. Seven weeks ago, it dropped […]
U.S. Secretary of State Hillary Rodham Clinton played with a toddler and asked a little girl if she misses school during a quick visit Thursday to an evacuation center for Thai flood victims, a day after announcing a $10 million aid package.
Clinton exchanged the traditional Thai greeting known as “wai” _ bowing deeply while pressing […]
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Torstar Corp., publisher of the Toronto Star, reported higher revenues in its third quarter despite the challenging economy, the company said.
Revenue was $378.7 million for the three months ended Sept. 30, up $25 million from the year-earlier quarter, Torstar said Wednesday.
Earnings before interest, taxes, depreciation and amortization, commonly known as EBITDA, for the third […]
Filed under: Uncategorized, business by Guru
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As the run-up to holiday shopping intensifies, Target Corp. is saying its stores will open at midnight on Thanksgiving Day for the first time this year.
That’s four hours earlier than last year.
The stores will stay open for 23 hours and close at 11 p.m. Friday, November 25. Target spokeswoman Susan Kahn said the change was […]
Patients in Illinois can again look up background information about their doctors after the state’s physician profile program was restored Wednesday.
The state’s department of financial and professional regulation launched the physician profile website in 2008 but took it down last year following a decision of the Illinois Supreme Court.
The website, which includes information on doctors’ […]
UnitedHealth Group Inc.’s third-quarter net income edged slightly lower as medical costs climbed and some health care use picked up, but the insurer’s revenue grew and it raised its 2011 earnings forecast.
The Minnetonka, Minn., managed care company’s medical claims paid rose 7 percent to $18.41 billion compared to last year’s quarter, mainly due to price […]