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Congress moves one step closer to avoiding a government shutdown
The Senate passed a short-term budget measure this afternoon to fund the government beyond March 27, which would avert a government shutdown but keep most of the budget cuts under sequestration in place. Read full article >>
Dell closer to buyout as price talks narrow: source
NEW YORK (Reuters) – Dell Inc moved closer to a nearly $ 24 billion buyout deal, with price negotiations narrowing to $ 13.50 to $ 13.75 a share in what would be the biggest leveraged buyout since the financial crisis.
Japan government, Bank of Japan “getting closer” on monetary policy statement
TOKYO (Reuters) – Japanese Economics Minister Akira Amari said on Sunday that the government and the Bank of Japan were getting closer to an agreement on a joint statement on monetary policy expected to be issued next week.
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Tagged bank, closer, getting, government, japan, monetary, policy, statement
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Bank of America, other banks move closer to ending mortgage mess
CHARLOTTE/WASHINGTON (Reuters) – Bank of America Corp announced more than $ 14 billion of legal settlements over bad mortgages it sold to investors and flaws in its foreclosure process, taking the bank a step closer to ending the home loan … Continue reading
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Tagged America, bank, banks, closer, ending, mess, mortgage, move
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FDA closer to approving biotech salmon, critics furious
(Reuters) – A controversial genetically engineered salmon has moved a step closer to the consumer’s dining table after the U.S. Food and Drug Administration said Friday the fish didn’t appear likely to pose a threat to the environment or to … Continue reading
With ‘fiscal cliff’ looming, carbon tax getting closer look
Here’s a riddle: If Congress doesn’t want to raise income tax rates but wants to raise revenue, what can it do? One answer: Pass a carbon tax. A relatively moderate-sized carbon tax could raise $ 1.25 trillion over the next decade, … Continue reading
A closer look at America’s part-time workers
There are currently 8.6 million workers in the United States who are employed part-time for economic reasons. These are workers who would prefer to clock a full 35 hours a week, but they have either seen their hours pared back by their … Continue reading
A closer look at the pay gap, in charts
The historian Stephanie Coontz argues in Sunday’s New York Times that while the male-female pay gap has shrunk, this reflects a “convergence in economic fortunes, not female ascendance.” If anything, that’s too optimistic. Over the past decade, there are signs the … Continue reading
Europe vows closer union at G20 summit
LOS CABOS, Mexico (Reuters) – Under pressure from financial markets and anxious world leaders, Europe agreed on Monday to move towards a more integrated banking system to stem a debt crisis that threatens the survival of the euro.
Gay marriage moves closer to Supreme Court
WASHINGTON (Reuters) – Two big cases addressing marriage rights for gays and lesbians are on track to reach the U.S. Supreme Court as soon as this year, keeping the focus on an issue President Barack Obama reignited with his endorsement … Continue reading