Greek elections: conservatives projected ahead

Greeks angered by a vicious and protracted financial crisis punished their two main parties in national elections Sunday, with exit polls projecting no party gaining enough votes to form a government.
The conservative New Democracy party appeared the most likely to win the top spot, while the extreme right-wing Golden Dawn seemed set to gain parliamentary […]

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Stocks remain firm after ECB keeps rates on hold

European stocks remained firm Thursday after cash-strapped Spain got through another set of bond auctions unscathed and the European Central Bank kept interest rates unchanged.
The Spanish Treasury said it raised (EURO)2.52 billion ($3.3 billion) in 3- and 5-year bonds, slightly above the target range of (EURO)1.5 billion to (EURO)2.5 billion. However, it did have to […]

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Stronger Toyota helps boost US auto sales in April

Toyota is back. It’s putting a year of earthquake-related shortages behind it and grabbing sales from stumbling General Motors and Ford.
Toyota’s sales rose 12 percent in April, and its share of the market returned to levels it hasn’t seen since before the March 2011 earthquake in Japan. Its sales outpaced the industry as a whole, […]

U.S. Consumer Spending Probably Rose on Income Gains - Bloomberg

Consumer spending in the U.S. probably climbed in March as incomes grew, indicating the biggest part of the economy is helping to sustain the expansion, economists said before a report today.
Household purchases, which account for about 70 percent of the economy, rose 0.4 percent after a 0.8 percent gain that was the most in […]

Cooling Job Market Takes Toll on U.S. Confidence: Economy - Bloomberg

More Americans than forecast filed applications for unemployment benefits last week and consumer confidence declined by the most in a year, signaling that a cooling labor market may restrain household spending.
Jobless claims fell to 388,000 from a revised 389,000 the prior week that was the highest since early January, Labor Department figures showed today […]

Hacker attack underlines Web role in China scandal

A massive hacker attack has crippled an overseas website that has reported extensively on China’s biggest political turmoil in years, underscoring the pivotal role the Internet has played in the unfolding scandal.
North Carolina-based Boxun.com was forced to move to a new web hosting service Friday after its previous host said the attacks were threatening its […]

Express Scripts to spot pill skippers with new program

UPDATED at 5 p.m. with analyst comments, details
Did you take your pill today? Express Scripts Inc. had its eye on people like you, and it plans to send reminders to absent-minded and reluctant patients.
The giant pharmacy benefit management company said Monday it is launching “ScreenRx,” a computer program that can predict which patients won’t take […]

Housing starts up in March with more condos, apartments

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Obama healthcare could worsen U.S. debt: Republican study

Instead of curbing government spending, President Barack Obama’s healthcare law could add up to $530 billion to the federal debt over ten years, a Republican expert on U.S. government benefit programs said on Tuesday.
A study by Charles Blahous, a George Mason University research fellow and the Republican trustee for the Medicare and Social Security […]

Ranks of America’s working poor grew in 2010

The number of working Americans earning so little they lived in poverty reached 7.2 percent of the labor force in 2010, the highest level in at least two decades, the government said on Friday.
The Bureau of Labor Statistics counted 7.6 percent of women among the working poor, compared to 6.7 percent of men. In […]