August 12, 2013 Years of rapid industrial expansion have left many parts of China contending with thick smog and dirty water. The move comes at a time when China is trying to shift away from the investment-led economic model that has generated such dizzying growth in recent years, but the global economic downturn has made the transition a lot more challenging.
August 9, 2013 The decision is the latest in a tit-for-tat legal battle between the two electronics giants matched only by their heated competition in the smartphone market.
August 9, 2013 In most industries, competitors getting together and conspiring to control supply of a product is illegal. But in the raisin world, the law actually says competitors have to work together. It's going against your competitors that can get you in trouble.
August 8, 2013 The giant mortgage finance company's strong showing was driven by a rise in U.S. housing prices. Fannie's profit is nearly double what it was in the year-ago quarter.
August 8, 2013 The 333,000 first-time claims for unemployment insurance was a 1.5 percent increase from the week before. But over the past month, claims ran at the lowest pace since November 2007 — just before the start of the last recession.
August 7, 2013 KUOWOne of the nation's largest herb producers once relied heavily on undocumented labor, but has learned some hard lessons since an immigration crackdown. He says transitioning to a legal workforce was well worth it, but that navigating a cumbersome foreign worker program has been challenging.
August 7, 2013 Mortgage backer Freddie Mac says it has extended its streak of profitable quarters to seven in a row. The $5 billion in earnings is the second-highest in its history, the company said in its quarterly report Wednesday.
August 6, 2013 Jeff Bezos, the founder and CEO of Amazon.com, is just the latest tech mogul to plant a flag on the banks of the Potomac River.
August 6, 2013 The government alleges Bank of America mislead investors in the lead-up to the housing bust. The suit covers about $850 million worth of mortgage-backed securities from 2008.