Archive for the 'Business' Category

Chao Defends Labor Dept. Tenure, Noting Safety and Health of Workers

Labor Secretary Elaine L. Chao is the only Cabinet member to serve during President Bush's entire presidency, through nearly eight years marked by terrorist attacks, Hurricane Katrina, and long-running wars, including ideological battles.



Post Co. Ends Deal to Buy NBC TV Station

The Washington Post Co. said yesterday that it has terminated a deal to buy NBC Universal's WTVJ in Miami because of a delay in getting the necessary regulatory approval and the poor economic environment.



Inauguration Visitors May Overload Cellphone System

When President-elect Barack Obama takes stage in a few weeks to deliver his inauguration address, no doubt many of the estimated 2 million people expected to gather on the Mall will simultaneously hold their cellphones aloft to snap and send photos, call friends and family, and send text messages...



Hungry for Sales: Macy’s Lures Shoppers at All Hours of the Night

There are no crowds at the mall after midnight. There are no lines at the cash register, and most important for Ellen Loszynski, virtually no cars in the parking lot.



Mortgage Rates Fall to New Low

Mortgage rates continued tumbling, as Freddie Mac reported today that interest on 30-year loans averaged 5.14 percent this week, the lowest point since it began tracking in 1971.



Recession Propels Skid In Housing Sales, Prices

The housing market weakened further in November with the sales of both existing and new homes tumbling again, according to government and industry data released today.



Washington Post, Baltimore Sun to Begin Sharing Some News Content

Editors from The Washington Post and Baltimore Sun said yesterday that they have agreed to begin sharing certain stories, photos and other news content.



SEC Chair Defends His Restraint During Financial Crisis

Christopher Cox, the embattled chairman of the Securities and Exchange Commission, is defending his restrained approach to the financial crisis, saying he has provided steady leadership as Wall Street's main regulator at a time when other federal regulators have responded precipitously to upheaval...



UAW Vows to Fight Wage Concessions

The nation's automakers are preparing to ask for wage and benefits concessions from their workers in early January to meet the conditions of a $17.4 billion federal aid package, but labor officials say they will seek to renegotiate the terms of the bailout rather than make those sacrifices.



Wal-Mart to Pay Up to $640 Million to Settle Wage Lawsuits

Wal-Mart Stores said yesterday it will pay as much as $640 million to settle 63 federal and state lawsuits claiming the company cheated hourly workers and forced them to work through breaks.




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