MENU

China blames 54 officials for bullet train crash

December 29, 2011 • BusinessComments Off

FILE – In this July 24, 2011 file photo, a wrecked passenger carriage is lifted off the bridge in Wenzhou in east China’s Zhejiang province, after a train crash. A long-awaited government report said on Wednesday Dec. 28, 2011, design flaws and sloppy management caused the bullet train crash in July that killed 40 people [&hellip...

Read More

Bargain hunters divided shopping season into 2

December 29, 2011 • BusinessComments Off

FILE – In this Dec. 24, 2011 file photo, a last-minute shopper leaves the Toys R Us flagship store in New York’s Times Square. A mall trade group said Wednesday, Dec. 28, 2011, that last minute shoppers gave merchants a solid lift during the final...

Sen. Brown says Frank’s departure hurts fishermen

December 29, 2011 • BusinessComments Off

Sen. Scott Brown, R-Mass., speaks with reporters at Mul’s Diner in Boston, Wednesday, Dec. 28, 2011. (AP Photo/Josh Reynolds) BOSTON (AP) — Republican U.S. Sen. Scott Brown and Democratic U.S. Rep. Barney Frank may disagree on many issues, but Brown...

Stocks slide; S&P 500 turns negative for year

December 29, 2011 • BusinessComments Off

FILE – In this Dec. 20, 2011 file photo, traders John Panin, center, and Robert Charmay, right, work on the floor of the New York Stock Exchange. A pair of successful bond auctions that raised $14 billion for Italy forced down the interest rate the...

3 miners rescued from Tenn. mine after fire

December 29, 2011 • BusinessComments Off

The Young mine is seen in New Market, Tenn., Wednesday, Dec. 28, 2011. A fire broke out inside the zinc mine, trapping three miners inside and injuring two others, authorities said. (AP Photo/Knoxville News Sentinel, J. Miles Cary) NEW MARKET, Tenn. (AP) —...

Bugs may be resistant to genetically modified corn

December 29, 2011 • BusinessComments Off

FILE – In this March 18, 2005, file photo, a developing tassel sits atop a genetically modified corn plant in a greenhouse at Iowa State University in Ames, Iowa. So-called Bt corn, genetically engineered to make its own insecticide, may be losing its...

Obama hits popular snorkeling spot during vacation

December 28, 2011 • BusinessComments Off

President Barack Obama is seen through a vehicle window as his motorcade returns to his holiday vacation rental home in Kailua, Hawaii Tuesday, Dec. 27, 2011. President Obama was returning from a gym workout. (AP Photo/Eric Risberg) HONOLULU (AP) —...

Brown says he is getting support for tax plan

December 28, 2011 • BusinessComments Off

Gov. Jerry Brown holds a press conference to discuss his first year in office at the Capitol in Sacramento, Tuesday, Dec. 27, 2011. Brown says he is working to win support from business and labor leaders for his plan to raise income taxes on high-income...

Company to close at least 100 Sears, Kmart stores

December 28, 2011 • BusinessComments Off

Shoppers leave a Kmart location Tuesday, Dec. 27, 2011, in New York. Sears Holdings Corporation, the parent company of Sears and Kmart department stores, announced Tuesday morning that it will close 100 to 120 stores after a sluggish holiday season.(AP...

Stocks barely changed in light holiday trading

December 28, 2011 • BusinessComments Off

FILE – In this Dec. 12, 2011 file photo, specialist John O’Hara, right, works on the floor of the New York Stock Exchange. European shares eked out modest gains Tuesday, Dec. 27, 2011, despite an earlier retreat in Asia, amid hopes of a solid...