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Fed seeking to create wealth, not just cut rates

September 15, 2012 • BusinessComments Off

FILE – In this Thursday, Sept. 13, 2012 file photo, Specialist David Pologruto works at his post on the floor of the New York Stock Exchange, as Federal Reserve Chairman Ben Bernanke holds a news conference in Washington, Thursday, Sept. 13, 2012. No sooner did the Federal Reserve unveil a bold plan to juice the [&hellip...

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Rising gas prices crimp Americans’ spending

September 15, 2012 • BusinessComments Off

FILE-In this Wednesday, Sept. 12, 2012, file photo, gas station attendant Youssouf Soukouna, 42, pumps gas into a vehicle at a LukOil station where all levels of gas were priced at $4.99, in Newark, N.J. Higher gas prices are crimping consumer spending and...

Stocks higher for 2nd day after Fed action

September 15, 2012 • BusinessComments Off

In this Thursday, Sept. 13, 2012 photo, a pair of traders work in their booth on the floor of the New York Stock Exchange, in New York. Economic data is coming out of Washington on Friday on inflation, retail sales, industrial production and business...

Twitter hands over records in NY Occupy case

September 15, 2012 • BusinessComments Off

FILE – In this Oct. 1, 2011 a line of police officers block protesters on New York’s Brooklyn Bridge during a march by Occupy Wall Street. Twitter agreed on Friday, Sept. 14, 2012, to hand over about three months’ worth of tweets to a judge...

Czech bans spirit sales amid wave of poisonings

September 15, 2012 • BusinessComments Off

A policeman leads a man accused in the case of illegal alcohol to the court in Zlin, Czech Republic, 250 kilometres east of Prague, Friday, Sept. 14, 2012. His arrest is in connection with the latest police discovery. Around 500 bottles and several barrels of...

Nintendo’s Wii U to launch Nov. 18, start at $300

September 14, 2012 • BusinessComments Off

Reggie Fils-Aime, president and chief operating officer of Nintendo of America, discusses the upcoming Wii U gaming console, Thursday, Sept. 13, 2012 in New York. The gaming console will start at $300 and go on sale in the U.S. on Nov. 18, in time for the...

Hurricane Isaac sends US jobless claims up to 382K

September 14, 2012 • BusinessComments Off

In this Friday, Sept. 7, 2012, photo, Melina Abrey sits at a computer station, doing job applications, at WorkForce One in Hollywood, Fla. The number of Americans seeking unemployment benefits jumped to 382,000 last week, the highest level in two months. (AP...

Review: iPhone 5 blends beauty with versatility

September 14, 2012 • BusinessComments Off

The new Apple iPhone 5 is displayed Wednesday Sept. 12, 2012 following the introduction of new products in San Francisco. The iPhone 5 is a blend of beauty, utility and versatility. (AP Photo/Eric Risberg) SAN FRANCISCO (AP) — As I played around with the...

Asian casino boom aims to lure region’s new rich

September 14, 2012 • BusinessComments Off

FILE – In this May 22, 2012 file photo, attendants learn poker at a gambling table at Gaming Expo Asia in Macau. In the Philippines, a $4 billion casino project will soon rise from reclaimed land on Manila Bay. In South Korea, foreign investors will...

ABC News sued for defamation over ‘pink slime’

September 14, 2012 • BusinessComments Off

This September 2012 photo provided by Dakota Dunes, S.D.-based meat processor Beef Products Inc., shows a sample of their lean, finely-textured beef. BPI filed a defamation lawsuit Thursday, Sept, 13, 2012 against ABC News for what it alleges was misleading...