The housing industry has waited three months to find out how Mel Watt will govern taxpayer-owned mortgage companies Fannie Mae and Freddie Mac.» Read More
MONROE, Mich.— La-Z-Boy Inc. is closing two facilities and eliminating 100 jobs in North Carolina as part of a larger restructuring of its business. La-Z-Boy, which is based in Monroe, Mich., is also ending production of some of its bedroom furniture at the Hudson facility in the second quarter as it shifts to importing all of its wood furniture.
WINSTON-SALEM, N.C.— Reynolds American has elected board member and former leader Susan Cameron as president and CEO of the tobacco company. She replaces Daniel Delen who is retiring and resigning from the board. Reynolds American Inc. is the Winston-Salem, N.C.- based parent company of R.J. Reynolds Tobacco Co. and several other tobacco companies.
Activists in one Senate race are doing just that. And the Congressional Budget Office— the government's fiscal scorekeeper— said it expects only a minimal increase in customers' costs for 2015. Over the next decade, CBO said the new law will cost taxpayers $100 billion less than previously estimated.
NEW YORK— Mel Gravely says his construction company might not exist today if he didn't have mentors to guide it.
CHARLOTTE, N.C.— Bank of America said Wednesday that it swung to a loss in the first quarter, hurt by $6 billion in legal charges.
April 16- Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a settlement with the Federal Housing Finance Agency and other mortgage-related matters.
NEW YORK— Miley Cyrus is canceling another concert and remains hospitalized for a severe allergic reaction to antibiotics. A representative for the 21- year-old says in a statement that Cyrus is canceling her Wednesday performance at the Scottrade Center in St. Louis. Tickets for the St. Louis concert are being refunded.
WASHINGTON— Donors gave more than $10 million in March to the committee tasked with electing House Democrats and helped it amass a $40 million fund to fight skepticism that Republicans can be ousted from their majority in November.
RICHMOND, Va.— The nation's top cigarette makers said Tuesday they have made about $6 billion in annual payments as part of a longstanding settlement in which some companies are paying states for smoking-related health care costs.
WASHINGTON, April 14- The U.S. housing industry has waited three months to find out how Mel Watt will govern taxpayer-owned mortgage companies Fannie Mae and Freddie Mac, and has been frustrated by his silence.
Intel, Oracle, Microsoft and Cisco, known as the four horsemen during the late 1990 s technology boom due to their strong performance and leading market share, have all rallied since the beginning of March even as stocks of many other tech companies have been crushed.
WASHINGTON— After months of watching Democrats get hammered over President Barack Obama's health care law, friends of an embattled senator are fighting back by proudly linking him to "Obamacare." An independent group in Alaska is airing a TV ad that praises Democratic Sen.
Intel, Oracle, Microsoft and Cisco, known as the four horsemen during the late 1990 s technology boom due to their strong performance and leading market share, have all rallied since the beginning of March even as many other tech companies' stocks have been crushed.
LONDON— Two new studies describe the latest achievements in growing body parts in a lab and transplanting them into people, this time with nostrils and vaginas. Martin Birchall, of The Ear Institute at University College London, who co-authored an accompanying commentary.
*Greece makes successful return to bond markets. NEW YORK, April 10- Wall Street stocks tumbled on Thursday as investors exited technology and biotech shares, extending recent weakness and knocking the Nasdaq down by more than 3 percent.
WASHINGTON— Eleven Senate Democrats, including six who face contested races this year, urged President Barack Obama on Thursday to approve the Keystone XL oil pipeline by the end of May.
*Biotech indexes have worst day since August 2011. *Bed, Bath& Beyond slumps after earnings. NEW YORK, April 10- U.S. stocks sank on Thursday, with the S&P 500 turning negative for the year and the Nasdaq falling its most in a day since June 2012 as investors again sold high-flying names in the technology and biotech sectors and sought shelter in defensive names.
*Greece makes successful return to bond markets. NEW YORK, April 10- U.S. technology stocks slumped on Thursday, resuming recent weakness in shares that had led U.S. stocks higher for more than a year, while Greece's much-heralded return to the bond market buoyed euro zone debt.
Eleven Democratic senators urged Obama to make a final decision on whether to approve TransCanada Corp's Keystone.
Democratic senators on Thursday urged President Barack Obama to make a final decision on whether to approve TransCanada Corp's Keystone XL crude oil pipeline from Canada to the U.S. Gulf Coast no later than May 31.