Groupon shares jump 50%

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Friday, November 04, 2011

thelatestGroupon shares jumped more than 50% to almost $31 in its public debut Friday, showing strong demand for a company whose business model is considered unsustainable by some analysts.

 

Jobless claims fall

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Thursday, November 03, 2011

thelatestNew claims for unemployment benefits fell to the lowest level in five weeks, a hopeful sign for the still-weak job market.

 

Senators offer Postal Service rescue plan

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Wednesday, November 02, 2011

thelatestA bipartisan group of senators have a proposal to save the U.S. Postal Service. The plan includes cutting Saturday service, buying out 100,000 jobs and closing many branches.

 

Stores get head start on Black Friday

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Monday, October 31, 2011

thelatestMacy's Inc. and Target Corp. announced plans to open some stores at midnight on Thanksgiving, getting the earliest start to the holiday shopping season ever. With analysts predicting only modest sales gains, the season is likely to be highly competitive for store chains.

 

Big banks backing off fees

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Friday, October 28, 2011

thelatestA month after Bank of America dealt with the wrath of customers for announcing new debit card fees, J.P. Morgan Chase & Co. decided not to charge similar fees.

 

Condit Dam breached

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Thursday, October 27, 2011

thelatestCrews blasted a hole in the nearly century-old Condit Dam in Washington's south Cascades in order to restore habitat for endangered and threatened fish. The dam once produced enough power for 7,000 homes, but PacifiCorp decided to remove the dam instead of install expensive fish passage structures.

 

Obama unveils new student loan payment rules

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Wednesday, October 26, 2011

thelatestPresident Barack Obama announced a plan to let Americans consolidate and reduce interest rates on their student loans. The latest in a string of plans to improve the economy could affect up to 1.6 million students.

 

Home prices climbing in half of U.S., but not in Portland

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Tuesday, October 25, 2011

thelatestHome prices climbed in August in half of major U.S. cities, a sign that prices are beginning to stabilize. However, prices remained stagnant in Portland. 

 

Wikileaks suspends operations

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Monday, October 24, 2011

thelatestWikileaks has suspended operations after many U.S.-based financial institutions blocked donors from giving money to the organization. Founder Julian Assange says it may have to shut down permanently.

 
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