Geithner, under fire, defends AIG bailout
Published Friday, Nov. 20, 2009
U.S. Treasury Secretary Timothy Geithner defended on Thursday the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms. Read More |
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Baptist Easley earns national award
Published Friday, Nov. 20, 2009
Baptist Easley Hospital has been named the first and only winner of the Press Ganey Partner of Choice Award, in recognition of the hospital’s achievement in patient, physician and staff satisfaction.
Baptist Easley scored in the top 10 percent in each satisfaction category. Read More |
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Recovery likely to remain weak
Published Friday, Nov. 20, 2009
A gauge of future U.S. economic activity and a report on unemployment benefits signaled Thursday that the recovery likely will remain weak in the coming months.
The Conference Board's index of leading economic indicators rose less in October than analysts had expected. Read More |
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AOL to cut one-third of workforce
Published Friday, Nov. 20, 2009
AOL plans to cut one-third of its workforce, or about 2,500 jobs, in an effort to trim some $300 million in annual costs as part of the Internet company's planned spin-off from Time Warner Inc. Read More |
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Downturn cost U.S. metro areas all recent job growth
Published Thursday, Nov. 19, 2009
The U.S. recession that began in December 2007 cost the top metropolitan areas all of the 2.29 million jobs they had gained in the previous expansion, according to a report released on Wednesday.
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Wells Fargo to repay $1.3 billion in auction-rate pact
Published Thursday, Nov. 19, 2009
Wells Fargo Investments LLC will repay about $1.3 billion to clients whose funds were frozen in the auction-rate securities market in the latest of a series of settlements with state securities regulators, an industry association said on Wednesday.
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U.S. wants to fast-track GM IPO
Published Thursday, Nov. 19, 2009
The Obama administration wants a fast-track initial public offering of General Motors Co shares to reduce its majority stake in the automaker, a senior official said.
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Housing starts fall sharply, inflation edges up
Published Thursday, Nov. 19, 2009
Construction of new homes in the United States hit a six month low in October, providing more evidence of the economy's sluggish recovery, while a surge in the cost of new and used vehicles lifted consumer prices.
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Walmart.com touts pricing clout for holidays
Published Thursday, Nov. 19, 2009
Walmart.com will pull no punches in its quest to win market share this holiday season, introducing 97-cent shipping on electronics and offering daily discounts the week after Thanksgiving, its chief executive said on Wednesday.
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BofA knew of Merrill pain in November: House panel
Published Wednesday, Nov. 18, 2009
A congressional panel accused Bank of America Corp on Tuesday of knowing about Merrill Lynch & Co's huge losses as early as November 2008, suggesting the bank lied to investors in saying it did not grasp the depth of the problems until the following month. Read More |
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BlackBerry CEOs stick to strategy, dismiss analysts
Published Wednesday, Nov. 18, 2009
Research In Motion's top executives say the BlackBerry will hold its ground in a fierce battle with Apple's iPhone and other rivals, even as a boom in smartphone sales shakes up a market segment that their company once ruled. Read More |
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