February 26, 2013 A slow-motion train wreck of $1.2 trillion in spending cuts spread out over 10 years would definitely be at odds with the growing urgency of the president's warnings as the March 1 deadline draws near.
February 26, 2013 U.S. banks made $141.3 billion in net income last year. That's second only to the profit they made in 2006, before the financial crisis. Many of the banks that profited the most, have benefitted from a government bailout.
February 26, 2013 But the Federal Reserve chairman warns Congress that the "sharp, front-loaded spending cuts" that would come with the so-called sequester could hurt the economy. He recommends "policies that reduce the federal deficit more gradually in the near term but more substantially in the longer run."
February 26, 2013 WRVODrone developers in upstate New York and other regions are striving to be named official testing sites for drones as the FAA creates regulations for their use. They hope to emerge as the Silicon Valleys of unmanned aerial systems, attracting billions of dollars and thousands of jobs.
February 25, 2013 Several big retailers say the return of the full payroll tax is causing consumers to curtail spending, but so far the evidence is mostly anecdotal. Some analysts argue a variety of factors, and not any specific policy, contributed to slower growth in consumer spending in January.
February 25, 2013 The decision by Yahoo to stop its remote work policy seems to fly in the face of recent trends that allow more working-from-home, not less.
February 22, 2013 At the height of the housing boom, condominium towers popped up on the Miami skyline faster than you'd believe. Once the market crashed, those towers sat vacant. Now, led by foreign buyers, condos are selling again as developers try new, more stringent financing rules.