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As border checks return in Europe, economic costs loom

a shared story    33 minutes ago
LONDON (AP) -- Queues, bottlenecks and security checks - their return in Europe could have a sizeable economic impact if they become entrenched in the wake of the attacks in Paris and the unprecedented flow of refugees from conflict zones like Syria.... 

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On brink of financial collapse, state lawmakers struggle with budget passage

a shared story    353 weeks 2 days 17 hours 39 minutes ago
Lawmakers continued struggling to pass a budget this afternoon after working nearly around the clock to end a three-month impasse that has brought California to the brink of fiscal collapse. An all-night legislative session failed to yield enough Republican votes for the spending plan, as GOP legislators...(more) 

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A look at the hot toys for holiday 2015

a shared story    2 hours 33 minutes ago
NEW YORK (AP) -- Which toys will warm the hearts of parents and kids for the holiday 2015 shopping season?... 

Bikes help commuters get around gas prices

a shared story    385 weeks 1 day 4 hours 50 minutes ago
High gasoline prices are fueling bicycle sales, and on some days Michael Hall's blood pressure. At least three times a week, Hall pedals to his job in Hollywood from his home in northern Glendale, a 25-mile round-trip commute that is faster on two wheels than four. "It's definitely...(more) 

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Energy firms 'risk losing $2tn'

a shared story    5 hours 33 minutes ago
The world's biggest oil and gas companies risk losing $2.2tn by overestimating future demand for fossil fuels, a report suggests. 

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Indexes set to open higher as data points to recovery

a shared story    5 hours 33 minutes ago
(Reuters) - U.S. stocks were set to open higher on Wednesday as a barrage of data painted a picture of moderate economic growth, giving Federal Reserve policymakers more to chew on as they consider whether to raise interest rates next month.  

Wholesale prices soar in June; sales are sluggish

a shared story    384 weeks 1 day 6 hours 13 minutes ago
The economy showed the depth of its twin problems on Tuesday, slow growth and rising inflation, as the nation wrestled with a teetering financial system, a slumping dollar and rising prices for food and fuel. The Labor Department reported that soaring costs for gasoline and food pushed...(more) 

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Special Report: Greek shipowners talk up their role to protect tax breaks

a shared story    6 hours 33 minutes ago
PIRAEUS, Greece (Reuters) - On the day he took office as Greece's shipping minister in June 2012, Kostis Moussouroulis received a visit from a 90-year-old shipowner. He still remembers the older man's words: "Don't forget, the best minister of shipping and maritime affairs is the minister...(more) 

In Silicon Valley, more homeowners are spending more than half their income on housing

a shared story    372 weeks 3 days 2 hours 23 minutes ago
Laura Meneses made the same fateful choice that thousands of local home buyers have made since 2004: She decided to spend most of her family's income on housing. Over the last four years, the number of Santa Clara County homeowners who spend over half their income on...(more) 

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Price to PepsiCo for Not Being in Court: $1.26 Billion

a shared story    316 weeks 6 days 16 hours 40 minutes ago
What's the cost of not showing up to court? For PepsiCo Inc., it's a $1.26 billion default judgment. A Wisconsin state court socked the company with the monster award in a case alleging that PepsiCo stole the idea to bottle and sell purified water from two...(more) 

As Finances Tighten, Furloughs Give Way to Pay Cuts

a shared story    277 weeks 14 hours 49 minutes ago
The furloughs that popped up during the recession are being replaced by a highly unusual tactic: actual cuts in pay. 

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China police cracks $4.5 billion underground bank: Xinhua

a shared story    7 hours 33 minutes ago
BEIJING (Reuters) - Chinese police have busted an underground banking network that handled $4.5 billion worth of illegal transactions at Agricultural Bank of China Ltd (AgBank) alone, the official Xinhua News Agency reported on Wednesday.  

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