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June Housing Construction Rises Unexpectedly

Posted: 07/17/2009 - Construction of new U.S. homes rose in June to the highest level in seven months, a sign builders are starting to regain confidence as they emerge from the housing bust.

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No-Bid Contracts Mean Higher Costs

Posted: 07/17/2009 - An AP analysis shows the Defense Department frequently awards no-bid work to small contractors under the new economic stimulus law, costing more than competitive bidding would.

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Geithner Cites "Durable" Signs Of Stability, Recovery

Posted: 07/16/2009 - Treasury Secretary Timothy Geithner says he's seeing "durable, very important signs" of recovery in the financial system. At the same time, he's warning against repeating the mistakes of the 1930s and withdrawing stimulus too soon.

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McGraw-Hill Cuts 550 Jobs, 2.5% Of Work Force

Posted: 07/16/2009 - McGraw-Hill Cos., hit by declines in its education, financial services and media properties, said Thursday it has cut 550 jobs, or roughly 2.5% of its work force.

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AIG Speeds Up Spinoff Of Life Insurance Unit

Posted: 07/15/2009 - American International Group Inc. says it is speeding up its plans to spin off its American Life Insurance Co. unit as an independent public company.

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Apple Disables iTunes Sync Feature On Palm Pre

Posted: 07/15/2009 - Apple Inc. has shut down one of the most compelling features on Palm Inc.'s rival Pre smart phone. Apple has crippled the Pre's ability to act like an iPod.

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GM Combines Research, Product Teams In Makeover

Posted: 07/15/2009 - The new General Motors Co. began changing its executive ranks and streamlining its management structure Wednesday, announcing the departure of several top officials.

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Fidelity Holders Reject 'Genocide-Free' Proposal

Posted: 07/15/2009 - Shareholders at four Fidelity Investments mutual funds have rejected a measure that seeks to screen out investments possibly linked to genocide in international hot spots like Sudan's Darfur region.

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Air Canada Reaches Deal With Mechanics Union

Posted: 07/15/2009 - The largest union at Air Canada has approved a 21-month labor contract, considered a critical factor in keeping the airline out of bankruptcy court.

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Kodak Agrees To Settle Race Discrimination Lawsuit

Posted: 07/15/2009 - Eastman Kodak Co. has agreed to pay $21.4 million to settle legal action brought by black workers who claim the photography products maker discriminated against them.

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UK Presents Plans To Cut Emissions, Add Jobs

Posted: 07/15/2009 - The British government has presented ambitious plans to reduce carbon emissions and create 1.2 million new jobs in the renewable energy field

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Levin Says Vote Postponed On F-22 Jet Funding

Posted: 07/15/2009 - Sen. Carl Levin says a key vote has been postponed to strike out $1.75 billion added to the defense spending bill for more fighter jets from Lockheed Martin.

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France Approves Sunday Work

Posted: 07/15/2009 - French legislators have approved a divisive bill that allows more stores to stay open -- and more people to work -- on Sundays.

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EU, Canada Settle Biotech Dispute

Posted: 07/15/2009 - The EU and Canada have signed a deal ending a long-standing trade dispute over genetically modified food imports.

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