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Posted yesterday at 4:31pm
by Staff Reports
The economy is growing, the labor market is improving and inflation is nothing to worry about. That's the Federal Reserve's widely-anticipated assessment of the economy, released Wednesday after a two-day meeting.The Fed said it would keep interest rates at historic lows near zero and that it would continue its bond buying program, known as quantitative easing, aimed at keeping the central bank's ...
 
Posted yesterday at 3:24pm
by JeeYeon Park
Stocks accelerated their selloff in the final hour of trading on Wednesday to close over 200 points lower, after the Federal Reserve said it will maintain its bond-buying program, although Chairman Ben Bernanke hinted that the FOMC plans to moderate purchases later this year. "They don't tie themselves officially into anything but it's clearly what they're going to do," said Jim Paulsen, ch...
 
Posted yesterday at 3:02pm
by Claudio Lavanga, Correspondent, NBC News
MILAN, Italy - Fashion designers Domenico Dolce and Stefano Gabbana were given a suspended 20-month jail sentence on Wednesday after being found guilty of hiding $1.3 billion in income from tax authorities.The suspended sentence, which one of their lawyers said they would appeal, means they will avoid prison as long as they commit no other crimes for five years.The conviction is the culmination of...
 
Posted yesterday at 2:57pm
by Bob Sullivan, Columnist, NBC News
Struggling student loan debtors are being tricked into paying up to $1,600 in fees to private firms offering "debt relief" that they could get for free, according to a report issued Wednesday by the National Consumer Law Center.Student loan debt relief ads began crowding their way onto media in recent months. Consumers deep in credit card debt have heard the pitch for years, in seemingly incessant...
 
Posted yesterday at 2:57pm
by Kara Reinhardt, Cheapism.com
If only prospective employers sought you out as aggressively as some career sites do. You could just sit back and wait for your dream job to show up on a Super Bowl commercial or banner ad. With so many websites vying for job seekers attention, its easy to while away precious hours trying them all. Instead, pick your spots. Experts suggest spending most of your time networking, not clicking thro...
 
Posted yesterday at 2:35pm
by Paul A. Eisenstein
After years lagging the imports, General Motors has surged to the top of the charts in the 2013 J.D. Power Initial Quality Survey, the most influential measure of vehicle quality during the first months off the showroom lot.The new study also reveals that, on the whole, the quality of this years cars, trucks and crossovers actually declined a bit from 2012 a decline largely the result of design...
 
Posted yesterday at 2:07pm
by Erika Riggs
49 Florida Ave., Amsterdam N.Y. For sale: $895,000Situated high above a bluff overlooking the Mohawk River and the upstate New York town of Amsterdam is a fortress. Imposing and dramatic, the building's narrow windows, high turrets and limestone bricks look utterly medieval.Which, of course, was the entire intent of the original architect.In 1863, draft riots erupted throughout New York City durin...
 
Posted yesterday at 2:07pm
by Paul A. Eisenstein
Nearly a month after announcing plans to set up a high-speed network of Supercharger stations across the U.S. and Canada, Tesla CEO Elon Musk is hinting the start-up electric vehicle maker might also adopt a battery swap system that could allow owners of the new Model S sedan to switch in a freshly charged battery pack faster than you could fill a gas tank.Tesla has been exploring the idea of ...
 
Posted yesterday at 1:12pm
Posted yesterday at 1:01pm
Posted yesterday at 1:01pm
Posted yesterday at 1:01pm
Posted yesterday at 1:01pm
Posted yesterday at 12:50pm
Where have all the carpenters gone? Home builders across the United States are scratching their heads for an answer as they struggle to assemble crews to keep up with growing demand. In some parts of the country, the shortage of skilled carpenters - especially framers - is so bad that builders cannot get projects off the ground and it is taking as much as two months longer than normal to complete ...
 
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