APNewsBreak: Suit challenges oil lease sale

Environmental groups challenged the first attempted auction of offshore petroleum leases in the western Gulf of Mexico since the Deepwater Horizon disaster in 2010, filing […]

Wage discrepancy and other musings on jobs, economy

QUOTE OF THE WEEK
“Without government intervention, we may well have high unemployment and social discord for years to come. … Probably the most important reasons […]

Massachusetts sues banks over foreclosures

Massachusetts sued five major banks Thursday over deceptive foreclosure practices such as the “robo-signing” of documents, potentially undermining negotiations between lenders and state prosecutors across […]

Stocks head for sharply higher open

U.S. stock futures are sharply higher following a coordinated move by several of the world’s largest central banks to ease strains on the world financial […]

EU’s Rehn: Italy moving in right direction

Economic reforms being shepherded by Italy’s new premier are “going in the right direction” but more action is needed, the EU’s monetary chief said Friday, […]

Occupy protestors reinvigorate buy-local. buy-American debate

Whether people celebrate or criticize Occupy Wall Street, the movement has reinvigorated calls for local buying just in time for the manic holiday shopping season.
Buying […]

Ralcorp appoints Block president, COO of Post Holdings

Terence Block, the president of Nestle Purina PetCare’s North American pet food business for most of the past decade, has been named the new president […]

Lake of the Ozarks houses no longer face removal

Federal regulators backtracked Thursday from an earlier threat to force the removal of about 1,200 homes at Lake of the Ozarks because they encroach on […]

Kesa dumps money-losing UK Comet stores

Kesa Electricals says it has agreed to sell its money-losing Comet stores in Britain for a token payment of 2 pounds ($3.22).
Kesa said Wednesday that […]

Stocks wobble as debt worries shift to Italy

U.S. stock indexes wobbled between small gains and losses in afternoon trading Monday as investors worried that Europe’s debt crisis would spread to Italy.
Italy’s borrowing […]