NEWS ARCHIVE
NATIONAL | Tue, Oct 2, 2012

A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years.


Washington, D.C., has the only ballpark where so many Cabinet members, politicians and other luminaries routinely gather and where fans now are openly rooting for a particular president -- one who served more than a century ago, Theodore Roosevelt.


A guard clutching an assault rifle and another with a German Shepherd block the entrance to a parking garage on a quiet street in Arlington, Va., gateway to the Defense Intelligence Agency.


Is it a house or a boat? Does a coffee mug float?


Oil fell for the first time in four days as gasoline dropped on expectations that a supply shortage in New York Harbor will ease.


The parent of cellphone company T-Mobile USA on Tuesday said it's in talks to buy smaller MetroPCS Communications Inc., a deal that could shore up two struggling smaller players in the U.S. wireless industry.


JPMorgan Chase & Co. (NYSE: JPM), the biggest U.S. bank, was sued by New York Attorney General Eric Schneiderman, who alleged that the Bear Stearns business the bank took over in 2008 defrauded mortgage-bond investors.


Americans found plenty of reasons to buy new cars in September, making auto sales a bright spot in the economy for yet another month.


Cogsville Group LLC, a New York-based real estate investment fund, won an auction of 94 homes for $11.8 million in Fannie Mae’s second bulk sale of foreclosures to be managed as rentals.


Republican White House candidate Mitt Romney is offering new ideas on the controversial issues of taxes and immigration, sparking a fresh flashpoint with President Barack Obama before their inaugural debate Wednesday.


Trading was mixed Tuesday as investors focused on economic news out of the U.S. and speculation over a Spanish bailout request.


Oct. 2 (Bloomberg) -- Crude traded near its highest close in a week after a measure of U.S. manufacturing beat estimates and before a report forecast to show shrinking fuel inventories in the world’s biggest oil consumer.


U.S. stock futures are rising on optimism from improving U.S. manufacturing data and despite concerns about the economic outlook of both Greece and Spain.


Oct. 2 (Bloomberg) -- Treasury 30-year bonds fell for the first time in three days as speculation that Spain is preparing to seek a financial bailout that will trigger European Central Bank purchases of its debt sapped demand for the safest assets.


Oct. 2 (Bloomberg) -- Samba Financial Group, Banque Saudi Fransi and four other Saudi Arabian lenders had their price estimates reduced at National Bank of Kuwait, which said it expects higher provisions and lower operating income.


Kraft Foods Group and Mondelez International are now trading as two separate public companies.


Stocks climbed Tuesday on Wall Street after a measure of American home prices posted the largest gain in more than six years, the latest data to indicate an improving housing market.


Oct. 2 (Bloomberg) -- A Chinese-owned company sued President Barack Obama for barring its Oregon wind-farm project as a national security risk, claiming the order violates its constitutional rights.


Oct. 2 (Bloomberg) -- Manhattan’s office vacancy rate jumped the most since 2009, when the market was reeling from the U.S. credit crisis, as financial companies cut jobs and tenants held back from taking space amid concern the economy will slow.


The federal government is throwing its support behind a lawsuit against JPMorgan Chase accusing Bear Stearns, the investment bank JPMorgan bought in 2008, of engaging in massive fraud in deals involving billions in residential mortgage-backed securities.


A federal judge dismissed an American Indian tribe's lawsuit Monday that blamed beer makers and nearby stores for chronic alcoholism on an impoverished South Dakota reservation, saying the case belonged in state court but gave a subtle nod to the tribe's claims.


perpetrated massive fraud in deals involving billions in residential mortgage-backed securities.


The Supreme Court won't hear a Florida man's attempt to challenge the use of full-body scanners at airports.


Oct. 2 (Bloomberg) -- Baidu Inc., owner of China’s most popular search engine, asked a U.S. court to dismiss a lawsuit by Chinese-Americans who said the Internet company “censored” their articles on the pro-democracy movement in China.


Facebook's redesigned help center aims to make it easier for users to navigate and find what they need help with on the site or its mobile applications.


A federal court in Virginia has approved a $1.5 billion settlement of a case involving Abbott Laboratories' promotion of the anti-seizure drug Depakote.


Vanguard Group is trying to bolster its appeal to cost-conscious investors by reducing a key expense of investing in low-cost index mutual funds: fees paid to firms that license benchmarks covering segments of the stock market that the funds track.


Oct. 2 (Bloomberg) -- Ford Motor Co. and Chrysler Group LLC said auto sales in the U.S. probably accelerated to the fastest pace in more than four years in September as buyers took advantage of cheap financing for new cars and trucks.


Oct. 2 (Bloomberg) -- The New York lawsuit over mortgage- backed securities against JPMorgan Chase & Co., the biggest U.S. bank, will serve as a template for suits against other issuers, state Attorney General Eric Schneiderman said.


Oct. 2 (Bloomberg) -- Zillow Inc., a real estate website, fell the most in more than 10 months after disclosing that the U.S. Securities and Exchange Commission asked the company to respond to questions about how it reported revenue.


Oct. 2 (Bloomberg) -- Eliminating all trading errors is impossible and the way to address malfunctions that have plagued equity markets this year is to improve testing and oversight, industry executives said at a meeting in Washington.


The U.S. economy is looking more resilient, thanks in part to encouraging signs for the two most expensive purchases most Americans make: cars and homes.


Stocks are struggling to a mixed close on Wall Street after spending most of the day lower, pulled down by weakness in materials and energy companies.


Oct. 1 (Bloomberg) -- Kraft’s North American grocery business, which today will list on the Nasdaq Stock Market as an independent company, is starting life with a handicap: years of underinvestment in new products and marketing.


Expect to see fewer products pitched as “environmentally friendly” if the government has its way.


Oct. 2 (Bloomberg) -- Stocks in Switzerland advanced, extending yesterday’s gains, as Swiss Re Ltd. and Cie. Financiere Richemont climbed.


Oct. 2 (Bloomberg) -- Investors in oil should hedge their risks against rising prices using options, Goldman Sachs Group Inc. said in a report.


Oct. 2 (Bloomberg) -- Gold was seen falling in New York on speculation some investors will sell the metal and physical demand will slow after prices climbed to a 10-month high.


Oct. 2 (Bloomberg) -- European stocks climbed for a second day, their first back-to-back gains in three weeks, as Spanish bond yields fell following a report the country will soon seek a sovereign bailout. U.S. index futures rose, while Asian shares were little changed.


Oct. 2 (Bloomberg) -- U.K. stocks advanced for a second day, led by mining companies, after Australia’s central bank cut its benchmark interest rate and as investors speculated Spain will seek a bailout.


Oct. 2 (Bloomberg) -- Natural gas futures rose in New York to the highest level this year, as forecasts for cooler weather in the Midwest signaled higher demand for the heating fuel.


Oct. 2 (Bloomberg) -- Spain will apply a law guaranteeing cost-of-living adjustments for pensions even with consumer prices rising more than forecast and a deepening recession undermining the system’s finances.


Oct. 2 (Bloomberg) -- Bovespa futures gained, a sign the equity gauge may rise for a second day, as speculation that Spain is about to seek a bailout eased concern that a worsening crisis in Europe will curb demand for Brazilian stocks.


Oct. 2 (Bloomberg) -- Health-care costs are keeping patients away from the doctor with about 1 in 3 Americans saying they put off a medical treatment or regular checkup because of the expense.


Christina Applegate says she hopes a few flashes of hot pink might turn heads.


Oct. 2 (Bloomberg) -- The pound snapped a two-day decline against the dollar as a report showed an index of U.K. construction contracted at a slower pace in September.


Oct. 2 (Bloomberg) -- Brazil’s industrial production rose in August less than economists predicted, as the economy responds slowly to government measures intended to spur the economy after a yearlong slowdown.



Oct. 2 (Bloomberg) -- Sony Corp.’s earnings are “moving in the right direction” as Japan’s biggest exporter of consumer electronics accelerates its plan to turn around an unprofitable TV business, Chief Executive Officer Kazuo Hirai said.


Oct. 2 (Bloomberg) -- Platinum companies in South Africa, the nation that produces three-quarters of the metal, could cut more than 8,000 jobs as they reorganize amid strikes, SBG Securities Ltd. said.


Europe's fragile banking system should be protected by building a firewall between a lender's retail operations and its more risky trading activities and forcing executives to take losses when their banks fail, according to an expert report.


Publisher John Wiley & Sons is buying online education provider Deltak.edu for $220 million to diversify its offerings and speed up its digital learning strategy.


Microsoft says it has settled a computer-fraud case against a website operated by a Chinese businessman that had become a major hub for illicit Internet activity.


The number of people registered as unemployed in Spain rose by a little under 80,000 people to 4.71 million in September as the summer tourism season came to an end and businesses let workers go, the Labor Ministry said Tuesday.


Syria's state-run media unleashed a scathing attack on the leader of the Palestinian militant group Hamas, accusing him of turning his back on President Bashar Assad and describing him as ungrateful and traitorous.


American Airlines says passenger seats on a third flight came loose as the plane was airborne, and it's continuing to inspect other jets with similar seating.


The peaceful retirement of Teresa Dourado is about to be shattered.


Oct. 2 (Bloomberg) -- The debate over President Barack Obama’s health-care law has taken another twist. Now conservatives and libertarians are defending it, while the administration tries to toss part of the legislation out.


Oct. 2 (Bloomberg) -- There’s an old saying that liberals will support armed intervention in a foreign conflict only so long as nothing resembling a self-interest is at stake.


Oct. 2 (Bloomberg) -- Multinational corporations may win insulation from lawsuits over atrocities abroad, as the U.S. Supreme Court considers scaling back a law invoked by human- rights activists more than 150 times in the past 20 years.


Oct. 1 (Bloomberg) -- Charles Dolan, founder of Cablevision Systems Corp., told a jury there’s “no question” its high- definition television service would have made money if Dish Network Corp. hadn’t terminated their deal to broadcast it.


A federal judge has formally dismissed an activist's lawsuit against former Alaska Gov. Sarah Palin.


Most of the Florida Supreme Court justices appear skeptical of granting a law license to an illegal immigrant.


An independent group supporting Republican Mitt Romney is launching an $11 million advertising push in general election swing states criticizing President Barack Obama's economic stimulus plan.






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