♣ Pesquisar ♣

U.S. markets hold to small gains

The figure beat estimates of a 1.5 percent GDP drop and was far cry from the 6.4 percent drop in the first quarter -- a sign the recession is easing.

White House: CARS rebates will continue

White House spokesman Robert Gibbs said the Obama administration was looking for new funding to support the revate program offering up to $4,500 for car owners who swap older gas guzzlers for new models that get more per gallon of gasoline.

Raeford to fight illegal hiring charges

Authorities charged human resources manager Elaine Crump and plant manager Barry Cronic with hiring undocumented workers for about eight years before 300 plant workers were arrested in a raid in October 2008, the Charlotte, N.C., Observer reported Friday.

White House: CARS rebates will continue

White House spokesman Robert Gibbs said the Obama administration was looking for new funding to support the trade-in program offering up to $4,500 for car owners who swap older gas guzzlers for models that get at least 5 miles more per gallon of gasoline.

Markets head north Friday

The Commerce Department said the gross domestic product fell at an annual rate of 1 percent in the second quarter, a sign the recession may be easing.

U.S. GDP beats expectations

The figure, the broadest measure of U.S. economic activity, fell as expected, showing the economy was still in a slump. But the 1 percent drop beat expectations by 0.4 percentage points and seemed a far cry from the 6.4 percent drop in the first quarter of the year.

Bank bonuses unabated, report says

The report issued by New York Attorney General Andrew Cuomo on the eve of a vote in Washington that would give regulators limited, but unprecedented authority over some pay practices, said nine firms that received $165 billion in federal bailout funds paid $32 billion in bonus checks to employees in 2008.

UBS and IRS agree to settle out of court

The case involves the U.S. government's demand for the bank to release the names of 52,000 U.S. citizens -- many presumed to be wealthy -- who have hidden assets from the Internal Revenue Service in the Swiss bank.

UBS and IRS agree to settle out of court

The case involves the U.S. government's demand for the bank to release the names of 52,000 U.S. citizens -- many presumed to be wealthy -- who have hidden assets from the Internal Revenue Service in the Swiss bank.

Bank bonuses unabated, report says

The report issued by New York Attorney General Andrew Cuomo on the eve of a vote in Washington that would give regulators limited, but unprecedented authority over some pay practices, said nine firms that received $165 billion in federal bailout funds paid $32 billion in bonus checks to employees in 2008.

Canada's GDP down in May

Canada's GDP has been in slow decline for the past three months and May's dip was the deepest during that time, the report said.

Crude oill prices drop Friday

The price of light, sweet crude lost $1.16 to $65.78 per barrel. Heating oil prices slipped 0.348 cents to $1.7339 per gallon. Reformulated gasoline prices lost 0.0286 cents to $.19625 per gallon. The price of natural gas shed 0.15 cents to $3.593 per million British thermal units.

Markets head north Friday morning

The Commerce Department said the gross domestic product fell at an annual rate of 1 percent in the second quarter, a sign the recession may be easing.

U.S. GDP beats expectations

The figure, the broadest measure of U.S. economic activity, fell as expected, showing the economy was still in a slump. But the 1 percent drop beat expectations by 0.4 percentage points and seemed a far cry from the 6.4 percent drop in the first quarter of the year.

Economic Outlook: With backs to the Wall

Titled No Rhyme Or Reason: 'The Heads I Win, Tails You Lose,' Bank Bonus Culture, the study produced by Attorney General Andrew Cuomo's office said lucrative compensation packages that divide the banking business from the rest of us were pretty much business as usual even while the nation's financial crisis worsened in 2008.