Archive for category Business

AP - The remnants of Hurricane Earl dumped wind-driven rain on Cape Cod's gray-shingled cottages and fishing villages Friday night, but its close brush with the Northeast was less intense than feared only hours earlier.

AP - Unemployment is stuck at high levels even though some companies are hiring. The problem, government data show, is that too few jobs are being created for the growing number of people looking for work.

AP - The security company Blackwater Worldwide formed a network of 30 shell companies and subsidiaries to try to get millions of dollars in government business after the company faced strong criticism for reckless conduct in Iraq, The New York Times reported Friday.

AP - A weakening but still dangerous Hurricane Earl steamed toward the gray-shingled cottages and fishing villages of Cape Cod on Friday, disrupting people's vacations on the unofficial final weekend of the short New England summer.

Reuters - The U.S. government is likely to take a loss on General Motors Co in the first offering of the automaker's stock, six people familiar with preparations for the landmark IPO said.

Reuters - President Barack Obama said on Friday he would outline new measures next week to boost the U.S. economy, but analysts were skeptical he would be able to deliver a big enough package to lift growth significantly.