NEW YORK— The owner of Stop& Shop and Giant and the parent company of Food Lion completed their $29 billion combination after receiving regulatory clearance by the Federal Trade Commission. The Dutch retailer Royal Ahold NV owns Stop& Shop. Its rival, Belgium's Delhaize Group, is the parent company of Food Lion. » Read More
The $20 a barrel jump in oil prices means the US will pay an added $69.3 billion this year, more than it costs to run most US agencies. The falling dollar ensures US consumers are hardest hit.
"The idea that Congress is so dysfunctional that they can't cut their budget by more than 1% or 2%, when you contrast that to the re-pricing of the entire housing stock for the U.S., it's a complete disconnect." ...A report from TheStreet.
A lengthy government shutdown could put a halt to some of the basic functions of Wall Street.
While all states, private insurers and the federal Medicare program decide what to cover, this state’s program is attracting nationwide attention, in part because its process is public and open, reports the New York Times reports.
The mortgage market is currently mired in policy and politics that could directly affect buyer decisions on Main Street, at a time when the housing market remains in a slump.
The White House is struggling to fill key financial posts in the administration as a combination of Senate opposition and candidates’ reluctance to join up leaves critical positions empty. The FT reports.
The Obama administration appears to have ruled out any increase in spending for federal grants to college students because of the budget deficit, having provided a healthy increase in the previous year.
For the first time in out five-year old study, states are de-emphasizing their cost of doing business—including taxes and utility rates—while placing more emphasis on quality of life and transportation/infrastructure. So we're adjusting our weightings and point system.