Business

4:42pm

Mon October 29, 2012
The Two-Way

Hurricane Sandy's Economic Impact Likely To Be Immense

Originally published on Mon October 29, 2012 5:12 pm

Waves crash over a road as Hurricane Sandy comes up the coast Monday in Winthrop, Mass. Economists are predicting the storm will cost tens of billions of dollars.
Darren McCollester Getty Images

Economists will need many days — maybe weeks or months — to assess the financial harm being done by Hurricane Sandy. But whatever the final figure, it will be huge, well into the tens of billions of dollars.

More than 60 million Americans are feeling the impact of the weather monster slamming New York, New Jersey, Maryland, the District of Columbia, Virginia, Connecticut, Pennsylvania and many other states. The howling mix of wind, rain and snow is causing massive direct losses, i.e., the destruction of private homes, stores, boats and cars.

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2:03pm

Mon October 29, 2012
The Two-Way

Competing With Apple, Google Announces Three New Devices

Originally published on Mon October 29, 2012 2:34 pm

The Nexus 4, Nexus 7 and Nexus 10.
Google

Small, medium and large. That's basically what Google announced today: That they will now offer touch-screen devices in three different sizes.

Like Apple — which has the iPhone, the iPad Mini and the iPad — Google now has the Nexus 4, Nexus 7 and Nexus 10.

The 4 is a smartphone, the 7 is a medium-size tablet and the 10 is a large tablet.

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5:14am

Mon October 29, 2012
Europe

EU Sees Wide Gender Gap On Corporate Boards

Originally published on Mon October 29, 2012 6:48 am

A new study released by the World Economic Forum ranks northern European nations at the top when it comes to the size of their gender gap. But one area where the gap is huge is in the percentage of women on company boards; it's less than 15 percent EU-wide. Controversy over what should be done about that — and by whom — is more divisive than ever.

5:14am

Mon October 29, 2012
Election 2012

What Type Of Economy Will Next President Inherit?

Originally published on Mon October 29, 2012 1:29 pm

Republican presidential nominee Mitt Romney and President Obama debate on Oct. 22 at Lynn University in Boca Raton, Fla.
Win McNamee Getty Images

Later this week we'll get another snapshot of the U.S. job market: the last unemployment report before next week's presidential election.

Forecasters expect another sign of slow but steady job growth. Whoever is in the Oval Office next year will have to cope with a sluggish U.S. economy and confront some urgent policy decisions.

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5:14am

Mon October 29, 2012
Business

Months After Scandal, Komen Still Sees Declines

Originally published on Mon October 29, 2012 6:45 am

In the months since the controversy over the Susan G. Komen Foundation's shifting position on funding for Planned Parenthood, the organization has seen a decline in fundraising and attendance at its main event, annual races held around the country to raise money for breast cancer prevention and treatment.

5:14am

Mon October 29, 2012
Business

Hurricane Sandy Shuts Down Wall Street

Originally published on Mon October 29, 2012 6:47 am

Hurricane Sandy's full impact on the U.S. economy won't be known for quite some time, though some estimates for possible damage are in the billions. A more immediate economic effect is on the markets, as Wall Street shuts down for at least Monday.

4:55pm

Fri October 26, 2012
Sports

NBA Commissioner Stern Helped League Grow

Originally published on Fri October 26, 2012 5:57 pm

Audie Cornish talks to sportswriter Stefan Fatsis about National Basketball Association commissioner David Stern, who has announced he will step down in early 2014.

4:23pm

Fri October 26, 2012
It's All Politics

Why The Economy Won't Help Obama — Or Romney

Originally published on Fri October 26, 2012 4:37 pm

The U.S. economy remains in a gray area, so it's no wonder that the presidential race is essentially tied.

Gross domestic product grew at a 2 percent annual rate between June and September, according to figures out Friday. The White House says this means the economy has been growing for 13 straight quarters.

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4:20pm

Fri October 26, 2012
It's All Politics

Economists: Romney's 12 Million Jobs Target Realistic, Even If He Loses

Originally published on Fri October 26, 2012 5:57 pm

Alan Shull attends a job fair in Portland, Ore., on April 24.
Rick Bowmer AP

As the election draws closer, the economy and jobs remain top issues in the presidential race.

President Obama points to the improvement in the labor market since he took office in the midst of a downward spiral.

Both he and Republican presidential nominee Mitt Romney have five-point plans for improving the economy, although their strategies differ.

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8:35am

Fri October 26, 2012
The Two-Way

Economic Growth Picked Up Slightly In Third Quarter

Originally published on Fri October 26, 2012 10:31 am

A GM assembly line in Lansing, Mich.
Bill Pugliano Getty Images

The U.S. economy grew at a 2 percent annual rate in the third quarter, the Bureau of Economic Analysis says.

That follows growth (at annual rates) of 1.3 percent in the second quarter and 2 percent in the first.

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