WASHINGTON — How much will Bank of America’s expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much. In mega-settlements negotiated with the government, a dollar is rarely worth an actual dollar. Inflated figures ...Read More »
WASHINGTON — U.S. home construction rebounded in July, rising to an eight-month high and offering hope that housing has regained momentum after two months of declines. Construction increased 15.7 percent in July to a seasonally adjusted annual rate of 1.09 ...Read More »
TOKYO — A new generation of Japanese architects believes the world has fallen out of love with the 20th century steel and concrete skyscraper. They are pushing a human-friendly alternative that some say has roots in the elegant simplicity of ...Read More »
NEW YORK — Chiquita Brands has received an approximately $611 million buyout offer from investment firm Safra Group and agribusiness and juice company Cutrale Group. Safra and Cutrale are offering $13 per share, a 29 percent premium to Chiquita Brands ...Read More »
RALEIGH, N.C. (AP) — A third candidate appears to have met qualifications for an official write-in candidate for North Carolina’s U.S. Senate seat in November. Former Indian Trail council member David Waddell turned in his petition to the State Board of Elections this ...Read More »
WASHINGTON — Congress gave final approval Thursday to a $10.8 billion bill to keep federal highway funds flowing to states through the summer construction season and the fall elections. The Senate passed the House-written bill on an 81-13 vote after ...
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WASHINGTON — U.S. employers extended their hiring surge into July by adding a solid 209,000 jobs. It was the sixth straight month of job growth above 200,000, evidence that businesses are gradually shedding the caution that had marked the 5-year-old ...Read More »