By Joseph Lawler | 08/21/14 08:30 PM
Companies aren't fleeing the United States because of a lack of tax competitiveness, a top tax expert says. They're leaving to use the trillions of dollars in cash they hold abroad to boost their stock prices.
08/22/14 07:30 AM
WASHINGTON (AP) — Two days after the Federal Reserve revealed an intensifying internal debate over interest rates, Chair Janet Yellen will address the annual Fed conference in Jackson Hole, Wyoming, with investors seeking any clear hints of when it will start raising rates. The subject of...
08/21/14 11:46 PM
HONG KONG (AP) — Asian stocks inched higher on Friday after a record day on Wall Street powered by upbeat data that adds to evidence the world's biggest economy is gaining strength. Gains were tempered as investors awaited a key meeting of U.S. central bankers that's expected to shed light on...
By Fred Siegel | 08/21/14 06:55 PM
The virtue of disruption, academics and observers argue, is that it gives African Americans a crisis with which to bargain. But after 50 years, what has this bargain achieved, except to cultivate a community that excels in resentment?
08/21/14 05:45 PM
WASHINGTON (AP) — Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds — $7 billion of it geared for consumer relief — offers a glint of hope for desperate homeowners. The settlement requires the second-largest U.S. bank to reduce some homeowners'...
08/21/14 05:30 PM
WASHINGTON (AP) — A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year. Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter delayed...
08/21/14 04:15 PM
NEW YORK (AP) — Another round of buying on the stock market is sending the Standard & Poor's 500 index to its latest record high. Traders were encouraged by earnings gains and a decline last week in the number of people applying for unemployment benefits. The S&P 500 rose five points, or 0.3...
08/21/14 02:45 PM
WASHINGTON (AP) — A gauge designed to predict the economy's future health posted the sharpest advance in four months in July, indicating the economy is gaining traction headed into the last half of the year. The Conference Board said Thursday that its index of leading indicators rose 0.9...
08/21/14 02:31 PM
WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage fell to 4.10 percent from 4.12 percent last week. The average for a 15-year...
08/21/14 02:15 PM
Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators. Family Dollar's board said it supports its existing deal to be acquired by Dollar Tree. Family Dollar Stores Inc. Chairman and CEO Howard...
By Lisa Ruhl | 08/21/14 12:09 PM
The Department of Justice on Thursday announced that Bank of America will pay a $16.65 billion fine to settle allegations it sold risky mortgage-backed securities before the 2008 financial crisis.
08/21/14 12:00 PM
NEW YORK (AP) — U.S. stocks are moving mostly higher, pushing the Standard & Poor's 500 index closer toward another record close. Traders were encouraged by the latest encouraging sign in the U.S. job market, a decline last week in the number of people applying for unemployment benefits. The...
08/21/14 11:00 AM
HARTFORD, Conn. (AP) — In a story Aug. 20 about economic growth in New England states, The Associated Press reported erroneously the size of the economies. State economies cited in the millions of dollars are actually in the billions of dollars. A corrected version of the story is below: Data:...
By Joseph Lawler | 08/21/14 10:27 AM
President Obama may not be able to stop "corporate deserters" from taking up legal residency in low-tax countries. But it appears that his Treasury Department will try to make the prospect of leaving the U.S. as unattractive as possible.
By Joseph Lawler | 08/21/14 10:11 AM
The Department of Justice said that it would be the single largest settlement with a U.S. business in history. The agreement includes $9.65 billion in cash paid out to federal and state agencies, and nearly $7 billion in consumer relief to borrowers hurt by the mortgage crisis.
By Byron York | 09/01/14
By Byron York | 08/31/14
By Paul Bedard | 09/02/14
By Becket Adams | 09/01/14
By Washington Examiner | 09/01/14