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

a shared story    332 weeks 4 days 14 hours 42 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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Shell to start Arctic oil drilling

a shared story    2 hours 36 minutes ago
Oil and gas giant Shell is expected to begin drilling for oil in the Arctic within the next two weeks. 




Bikes help commuters get around gas prices

a shared story    364 weeks 3 days 1 hour 54 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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Greek villagers secret weapon: Grow your own food

a shared story    4 hours 36 minutes ago
KARITAINA, Greece (AP) -- Ilias Mathes has protection against bank closures, capital controls and the slashing of his pension: 10 goats, some hens and a vegetable patch.... 



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UBS has whistleblower deal in Brazil currency investigation: paper

a shared story    4 hours 36 minutes ago
SAO PAULO (Reuters) - Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil's currency market and will receive no punishment in the case, a local newspaper reported on Friday.  



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China reduces planned IPOs for July after market turmoil

a shared story    5 hours 36 minutes ago
BEIJING (AP) -- China has sharply cut the number of initial stock offerings it will allow this month following this week's plunge in share prices.... 




Wholesale prices soar in June; sales are sluggish

a shared story    363 weeks 3 days 3 hours 17 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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Eurozone economic growth speeds up

a shared story    6 hours 36 minutes ago
Eurozone business activity rose at its fastest pace in four years in June, boosted by higher spending by consumers and businesses, a survey indicates. 



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Insurer Aetna to buy Humana in $37B deal

a shared story    6 hours 36 minutes ago
HARTFORD, Conn. (AP) -- Health insurer Aetna Inc. has made a deal to buy competitor Humana Inc. in a $37 billion deal the companies say would create the second-largest managed care company.... 




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

a shared story    351 weeks 4 days 23 hours 26 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    296 weeks 1 day 13 hours 44 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    256 weeks 2 days 11 hours 52 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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