A British vote to leave the European Union would hit large German banks, the head of German financial watchdog Bafin said. » Read More
WASHINGTON-- U.S. builders trimmed their activity for a second straight month in August as a solid gain in home construction failed to offset declines in nonresidential activity and government projects. Overall construction spending dipped 0.7 percent in August, compared to July, the Commerce Department reported Monday.
MIAMI-- Heating and cooling company Watsco Inc. said Monday that its board declared a special cash dividend of $5, totaling about $172 million, and a regular quarterly cash dividend of 62 cents. Albert Nahmad, Watsco's chairman CEO, said the special dividend shows management's confidence in the company and its continued ability to generate free cash flow.
PHOENIX-- A proposed Curis Resources copper mine near Florence, Ariz. has been granted a permit to inject sulfuric acid deep underground to leach the metal from the surrounding rock. The state Department of Environmental Quality issued the permit on Friday.
NEW YORK-- Macy's Inc. plans to hire about 80,000 seasonal workers this holiday season, a 2.5 percent increase from last year when the Cincinnati- based operator of Macy's and upscale Bloomingdale's hired 78,000 workers.
THE HAGUE, Netherlands-- The two Dutch political parties hoping to form the country's next coalition government have agreed to scrap two unpopular austerity measures.
PROVIDENCE, R.I.-- A committee of the Rhode Island General Assembly is holding its second meeting to review the state's economic development programs following the state's bad investment in Curt Schilling's failed video game company. The Joint Committee on Economic Development is scheduled to meet Monday afternoon.
Charles Schumer says milk prices in stores across New York could double if the Farm Bill isn't renewed. The National Milk Producers Federation says government purchases of dairy products under the outdated law could cause milk prices to rise above $6 per gallon.
CONCORD, N.H.-- Two former executives at Dartmouth-Hitchcock and a retiring Executive Council member are receiving lifetime achievement awards at the New Hampshire Business and Industry Association's 99th annual celebration next month.
WASHINGTON-- The Supreme Court has turned away an appeal challenging a federal rule that bars development on 50 million acres of roadless areas in national forests.
Stock are higher a few minutes after the opening bell as investors welcomed the results of stress tanks of Spanish banks, as well as other positive news about Europe's economy. However, credit rating agency Moody's might downgrade Spain's debt to junk status this week. That's likely to limit enthusiasm in Europe until the Moody's decision is known.
Todd Akin has backed almost $100 million for pet projects in recent years, including money for home-state military programs and local highway work. During his Republican Senate primary this summer, Akin even aired a television ad proudly defending his effort to bring home federal dollars for production of military armor in his district.
TOKYO-- Japanese Prime Minister Yoshihiko Noda reshuffled his Cabinet for the third time this year Monday in hopes of boosting flagging public support for his government amid speculation that elections will be called in coming months.
The Supreme Court term that begins Monday holds the prospect for major rulings about affirmative action, gay marriage and voting rights. University of Texas, to be argued Oct. 10, the court will weigh Texas' limited use of race to help fill out its incoming classes.
TOKYO-- The fast aging of Japanese society is evident as soon as one lands at Tokyo's Narita airport and sees who is doing the cleaning. Having the world's highest percentage of older people is creating unique challenges for Japan, but a report released Monday by the U.N. Population Fund warns that they will not be unique for long.
ATHENS, Greece-- Greece's brutal recession is set to extend into a sixth year in 2013, when the economy will contract by another 3.8 percent, according to forecasts in the draft budget submitted to Parliament on Monday.
SACRAMENTO, Calif.-- Some illegal immigrants could get California drivers licenses under a bill that Gov. AB2189 by Assemblyman Gil Cedillo, D- Los Angeles, will let the Department of Motor Vehicles issue licenses to illegal immigrants eligible for work permits under a new Obama administration policy.
Jerry Brown has signed legislation that makes California the first state to ban a controversial form of psychotherapy that's aimed at making gay teenagers straight.
BEIJING-- A bus carrying many German tourists hit the back of a truck and burst into flames Monday on an expressway in northern China, killing five Germans and a Chinese citizen, state media reported. The accident happened near Tianjin on an expressway that links that port city with the capital Beijing, the official Xinhua News Agency reported.
ATLANTA-- Delta Air Lines has named former Goldman Sachs executive George Mattson as a board member, citing his experience in mergers and acquisitions and capital markets. Mattson was co-head of Goldman Sachs Group Inc.' s global industrial group until he retired in August.