Business and Finance news

The Senate has approved an emergency bill to avert a first-ever government default with just hours to spare.
The strong bipartisan vote was 74-26. The measure now heads to President Barack Obama for his signature. The legislation makes a down payment on taming out-of-control budget deficits.
THIS IS A BREAKING NEWS UPDATE. Check back soon for further […]

How do I improve my property with energy-efficient solutions?
With the ever-increasing cost of utilities, this question is becoming a major focus of design professionals. Not matter if you are a homeowner or a facilities manager of multiple buildings, the cost of operations is a burden we all live with.
The concept of an energy audit is […]

World markets moved higher Friday following a Wall Street rally spurred by an unexpectedly strong U.S. jobs report and a rebound in retail sales.
Oil prices hovered below $99 a barrel in Asia amid signs of a strengthening U.S. economy. In currencies, the dollar was higher against the euro but dropped against the yen.
Japan’s Nikkei 225 […]

An air safety watchdog has grounded all Australian domestic flights of a Tiger Airways subsidiary on Saturday after the budget airline twice flew under the minimum allowed altitude.
The Civil Aviation Safety Authority announced that Tiger Airways Australia’s entire domestic fleet of 10 airliners was grounded for five business days because continuing flights would pose a […]

St. Louis Mayor Francis Slay weighed into the simmering debate over the future of the Midtown Del Taco Monday afternoon, with a blog post promising extra review before any demolition permit is issued, and urging its owner to consider other ideas for its re-use.
Regardless of any decision by the Board of Aldermen on a request […]

Workers at a Target store in New York voted against joining the country’s largest retail union Friday night, but the union said it would contest the results and demand a new election, alleging that the company illegally intimidated the workers.
Both sides said the workers at Target’s Valley Stream store voted 137-85 against unionization. A “yes” […]

Moody’s Investors Service is likely to say it will consider downgrading debt for 14 of the 18 British banks and building societies it covers as withdrawal of government support may increase credit risk, Sky News said.
More than one of the U.K.’s four biggest banks will be among the lenders to be put on review […]

Bank of England Governor Mervyn King said high debt levels pose “massive” economic challenges that would be exacerbated by higher interest rates.
“The economic consequences of high-level indebtedness now would become more severe if rates were to rise,” King said today at a committee of the European Parliament in Brussels. “It is the main reason […]

WASHINGTON

The outlook for economic growth in the United States and other major economies has brightened and should hit an annual rate of 3 percent in the first half of 2011, the OECD said Tuesday.
The Paris-based Organization for Economic Cooperation and Development says the improvement for six major economies _ the U.S., Canada, Britain, Germany, France […]