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Nation / World

Money Talk: Cutting Back Is Answer to Debt

Sunday, July 27, 2014

Question : My wife and I accrued $28,000 of credit card debt over the past eight years. In addition to a sizable student loan bill for law school, our home mortgage and the expenses associated with three young children, we are struggling to get ahead enough to knock our credit card debt down. While we make good income between the two of us, it would seem not enough to pay …

Two Ag-Gag Laws Facing Federal Court

Sunday, July 27, 2014

Des Moines, Iowa — The years-long fight between farm organizations and animal rights activists over laws prohibiting secretly filmed documentation of animal abuse is moving from state legislatures to federal courts as laws in Utah and Idaho face constitutional challenges. Half of U.S. states have attempted to pass so-called ag-gag laws, but only seven have been successful. Among them are Idaho, where this …

Amazon Opens First of 15 ‘Sortation’ Centers

Sunday, July 27, 2014

Kent, Wash. — As Mike Roth steps into Amazon.com’s newest warehouse here, he spreads his arms wide and asks what is different about this facility from the 96 other warehouses the Web giant operates around the world. To anyone who has ever set foot in one of those 1 million-square-foot buildings, known in …

GM Sets Aside Millions For Recall Victims

Sunday, July 27, 2014

Detroit — General Motors, posting a second-quarter profit that missed analyst estimates, said it will spend at least $400 million to pay victims of the 2.59 million compact cars with a potentially faulty ignition switch linked to at …

Money-Market Funds Must Allow Share Value to Float

Sunday, July 27, 2014

Washington — The riskiest money-market mutual funds will be required to abandon their stable, $1-share value and allow their prices to float under rules adopted by the Securities and Exchange Commission. The rules, approved Wednesday on a 3-2 vote, conclude a four-year struggle to toughen regulations after a …

Sluggish, but Sturdy: Slow Recovery May Leave U.S. Economy Stronger

Sunday, July 27, 2014

Washington — Out of a seemingly hollow recovery from the Great Recession, a more durable if still slow-growing U.S. economy has emerged. That conclusion, one held by a growing number of economists, might surprise many people. After all, …

A Life-Changing Illness Inspires Architecture

Sunday, July 27, 2014

In 2003, Michael Graves had just returned home from a business trip to Germany and Switzerland. He wasn’t feeling well and told colleagues at his architectural firm that he was leaving early to go home and rest. By …

Wal-Mart’s New Chief Faces Bare Shelves

Sunday, July 27, 2014

New York — Empty shelves, grumpy customers, long lines at the register: These are just some of the challenges facing Wal-Mart Stores Inc.’s new U.S. chief. Greg Foran, who takes charge Aug. 9, inherits a chain wedded to an outdated big-box model, struggling to increase sales in its …

Thomas Berger, Author of ‘Little Big Man,’ Has Died at 89

Sunday, July 27, 2014

Thomas Berger, a novelist of protean abilities who wrote crime stories, science fiction and chronicles of Middle America but was best known for Little Big Man, a rollicking tale of the Old West narrated by a spirited centenarian, died July 13 at a hospital in Nyack, New York. …

U.S. Stocks Decline As Amazon, Visa Stall

Sunday, July 27, 2014

New York — U.S. stocks fell Friday, pulling the Standard & Poor’s 500 index down from a record, as earnings at Amazon.com and Visa missed estimates and durable goods data fueled concern corporate investment remains stop-and-go. Amazon plunged 9.7 percent after trailing analysts’ predictions for the second successive …

Company Traps Service Members in Debt

Sunday, July 27, 2014

Army Spc. Angel Aguirre needed a washer and dryer. Money was tight, and neither Aguirre, 21, nor his wife had much credit history as they settled into life at Fort Carson in Colorado in 2010. That’s when he saw an ad for USA Discounters, guaranteeing loan approval for …

‘Ace’ Greenberg, Remade Bear Stearns, Dies at 86

Sunday, July 27, 2014

New York — Alan C. “Ace” Greenberg, who as chief executive officer of Bear Stearns Cos. transformed a small bond shop into the fifth-largest U.S. securities firm before it collapsed in 2008 in one of the key events of the global credit crisis, has died. He was 86. …

Higher Wages Signaled By Employees Quitting

Sunday, July 27, 2014

New York — If someone at your workplace recently quit, you may be poised for a raise. With more Americans voluntarily leaving their jobs and confidence about business conditions improving, wages could increase amid this labor-market turnover. More than 2.5 million U.S. workers resigned in May, a 15 …