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Archive By Section - Nationwide


Lower returns to raise CalSTRS' unfunded liability

SACRAMENTO (AP) - California's teacher retirement system should lower expectations on its investment earnings in a move that could increase the unfunded liability for the nation's second largest pension fund by nearly $6 billion and require taxpayers to chip in more, according to a consultant's report submitted ahead of the pension board's meeting Thursday.

January 31, 2012 | | Nationwide


Business nation briefs

UNION PACIFIC RECORDS RECORD PROFITS: GILLETTE, Wyo. (AP) - Union Pacific says it was more profitable in 2011 than ever before due in part to coal shipments from Wyoming's Powder River Basin.

January 31, 2012 | | Nationwide


About J.C. Penney's CEO Ron Johnson

NEW YORK (AP) - NAME: Ron Johnson

January 30, 2012 | | Nationwide


JC Penney CEO talks about the chain

NEW YORK (AP) - Everyone in the retail world wants to see if Ron Johnson can work his magic a third time.

January 30, 2012 | | Nationwide


Tech companies team up to combat email scams

NEW YORK (AP) - Google, Facebook and other big tech companies are jointly designing a system for combating email scams known as phishing.

January 30, 2012 | | Nationwide


Private sector unions add members as jobs return

WASHINGTON (AP) - Union membership grew slightly last year, giving labor leaders hope that a period of steep declines has finally bottomed out.

January 27, 2012 | | Nationwide


279,000 federal workers owe IRS back taxes in excess of $3.4 billion & growing

WASHINGTON (AP) - President Barack Obama has preached that all Americans should pay their fair share in taxes, but a government report finds that tens of thousands of federal employees - from staffers in Congress to federal agencies and even Obama's executive office - collectively owe the government billions in back taxes.

January 27, 2012 | | Nationwide


American economy not healthy yet, but it's healing as growth starts picking up

WASHINGTON (AP) - The American economy may not be truly healthy yet, but it's healing.

January 27, 2012 | | Nationwide


Business nation briefs

PG&E FINED $16.8M FOR SHODDY GAS LEAK SURVEYS: SAN FRANCISCO (AP) - State regulators plan to fine Pacific Gas & Electric Co. $16.8 million for failing to perform gas leak surveys in the wake of a deadly pipeline explosion in a San Francisco suburb in 2010.

January 27, 2012 | | Nationwide


Geezers &floozies

Q: I'm part of a group of old geezers who gets together every week at the local coffee place. Social Security is a frequent topic of conversation. At our last meeting, the subject of benefits for divorcees came up.

January 27, 2012 | | Nationwide


Why is investment income taxed less than wage income?

WASHINGTON (AP) - Why do Mitt Romney and other wealthy investors pay lower taxes on the income they make from investments than they would if they earned their millions from wages? Because Congress, through the tax code, has long treated investment more favorably than labor, seeing it as an engine for economic growth that benefits everyone.

January 27, 2012 | | Nationwide


Facebook IPO could value it among top firms with value between $75 billion & $100 billion

LOS ANGELES (AP) - When Facebook makes its long-expected debut as a public company this spring, the social-networking company will likely vault into the ranks of the largest public companies in the world, alongside McDonald's, Amazon.com and Bank of America.

January 27, 2012 | | Nationwide


Behind Obama's financial aid 'shopping sheets'

NEW YORK (AP) - President Barack Obama wants to make it easier to size up the cost of college.

January 27, 2012 | | Nationwide


Smokers need not apply for Ohio casinos jobs

CINCINNATI (AP) - Smokers won't be hired at new casinos in Columbus and Toledo, a ban that's been adopted in other industries as employers try to hold down health care costs.

January 26, 2012 | | Nationwide


Gains as businesses spend more, fire less

WASHINGTON (AP) - Businesses are growing more confident in the economy, investing in more equipment and laying off fewer workers.

January 26, 2012 | | Nationwide


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Articles by Section - Nationwide


User growth not much to Tweet about

SAN FRANCISCO (AP) - Twitter's third-quarter revenue outpaced expectations, but investors concerned about user growth and holiday-quarter revenue clipped the company's stock price late Monday.

October 27, 2014 | | Nationwide


Dunkin’ rolls out ‘Croissant Donut’

NEW YORK (AP) - Dunkin' Donuts plans to roll out a croissant-doughnut hybrid in the U.S. next week, but the company says please don't call it a "Cronut."

October 27, 2014 | | Nationwide


Pending home sales rise modestly in September

WASHINGTON (AP) - The number of Americans signing contracts to buy homes ticked up only slightly in September, as it remained difficult to qualify for mortgage financing.

October 27, 2014 | | Nationwide


Toyota tops Consumer Reports rankings

DETROIT (AP) - Toyota continues its winning streak atop Consumer Reports' annual reliability rankings.

October 27, 2014 | | Nationwide


6 vehicles impounded in UberX sting

PHILADELPHIA (AP) - The city's parking authority lived up to its threats to impound vehicles and fine drivers participating in the UberX ride-sharing service.

October 27, 2014 | | Nationwide


Blue Christmas for Amazon?

NEW YORK (AP) - It might be a blue Christmas for Amazon.

October 23, 2014 | | Nationwide


Union Pacific 3Q profit chugs ahead 19 percent

OMAHA, Neb. (AP) - Union Pacific Corp. delivered a 19 percent increase in its third-quarter profit as the railroad hauled 7 percent more freight and increased rates.

October 23, 2014 | | Nationwide


Cloud business lifts Microsoft’s quarterly results

SAN FRANCISCO (AP) - Microsoft's quarterly profit and revenue sailed past expectations Thursday, as CEO Satya Nadella's push to embrace cloud computing and diversify into mobile devices helped lift sales by 25 percent.

October 23, 2014 | | Nationwide


Enticing low rates, but impact on refinancing could be limited

WASHINGTON (AP) - With mortgage rates sliding for a fifth straight week, the possibility of locking in a rate below 4 percent is tempting for consumers and could unleash a wave of refinancing. It may even convince some Americans to buy their first home.

October 23, 2014 | | Nationwide


PulteGroup tops earnings outlook

ATLANTA (AP) - PulteGroup Inc. on Thursday reported third-quarter net income of $140.5 million.

October 23, 2014 | | Nationwide


NEWS FROM BUSINESS WORLD

• CAMEL MAKER REYNOLDS SNUFFS OUT WORKPLACE SMOKING: RICHMOND, Va. (AP) - Camel cigarette maker Reynolds American Inc. is snuffing out smoking in its offices and buildings.

October 22, 2014 | | Nationwide


Early Apple computer sells for $905K

NEW YORK (AP) - A vintage Apple computer that was one of only 50 made in Steve Jobs' garage in 1976 sold for $905,000 at auction on Wednesday, far exceeding pre-sale estimates and outdoing a previous high price of more than $671,000 paid in Germany last year.

October 22, 2014 | | Nationwide


Social Security benefits up an average of $20 a month during 2015

WASHINGTON (AP) - Come January, nearly 60 million Social Security recipients will get benefit increases averaging $20 a month, the third straight year of historically small pay hikes.

October 22, 2014 | | Nationwide


McDonald’s new menu plan: Have it your way

NEW YORK (AP) - After posting yet another disappointing quarter, McDonald's CEO Don Thompson said Tuesday the company hasn't been keeping up with the times and that changes are in store for its U.S. restaurants.

October 21, 2014 | | Nationwide


TWEAKER TOYS

NEW YORK (AP) - Toys R Us is pulling its four collectible dolls based on characters from AMC's hit series "Breaking Bad" after taking heat from a Florida mom who launched a petition campaign last week.

October 21, 2014 | | Nationwide


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