May 18, 2013

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House Leaders Praise Emerging Payroll Tax Cut Deal

The rare, bipartisan consensus reflected a desire by both parties to put the long-running drama over the issue to rest and a shared sense that their tentative agreement was probably the best deal they could get.

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Diamond's Pringles Deal Ended; Kellogg Steps In

Diamond Foods Inc. and Procter & Gamble Co. have called off their $1.5 billion deal for Diamond to buy the Pringles brand. Cereal maker Kellogg Co. is swooping and made a $2.7 billion deal to purchase the brand.

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Progress In Talks On Payroll Tax, Jobless Benefits

House lawmakers are returning to Capitol Hill to weigh a proposal by GOP leaders to extend the 2-percentage-point cut in the payroll tax through the end of the year and add the approximately $100 billion cost to the nation's $15 trillion-plus debt instead of scrounging around the budget for ways to pay for it.

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U.S. Approves Google's Motorola Bid

U.S. regulators have approved Google's $12.5 billion acquisition of cellphone maker Motorola Mobility Holdings. Monday's clearance comes just a few hours after antitrust regulators gave their blessing.

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Report: Energy Loans Could Cost $3 Billon

An independent review finds the government could lose about $3 billion on Energy Department loans for green energy programs — far less than the $10 billion Congress set aside for the high-risk program.

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U.S. Jobs Gap Between Young And Old Is Widest Ever

Squeezed by a tight job market, young Americans are especially struggling. They have suffered bigger income losses than other age groups and are less likely to be employed than at any time since World War II.

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Sprint Posts Deeper Loss On iPhone Costs

The iPhone helped Sprint gain customers in the latest quarter, but also forced the carrier to post its largest loss in three years because of the high cost of the phone a network upgrade.

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Money Matters: Shopping Online

Shopping online can be fun and convenient. But there are some things you should know before typing in that credit card number.

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