Business

Computer Glitch Delays, Cancels Flights

A glitch in a computer that schedules flights delayed air travel across the United States Thursday, the Federal Aviation Administration said.


Scammers Prey on At-Risk Homeowners

Scammers prey on people who are about to lose their homes to foreclosure. They offer to help have their home loans modified, collect an upfront fee of up to $2,500 -- and then vanish into thin air.


Immigrants Facing Higher Unemployment During Recession

Immigrants had a lower unemployment rate than native-born workers during the last economic boom, but the severe recession reversed that trend, according to a study released Wednesday by the Migration Policy Institute, a Washington, D.C., think tank.


Citigroup Eyes ACORN Investment: Awaits Probe

Citigroup (NYSE:C) CEO Vikram Pandit isn't ruling out reinvesting in scandal-plagued ACORN, the left-wing community group whose employees were caught on a hidden camera earlier this year allegedly giving advice on how to set up a prostitution ring without getting nabbed by the IRS.


Hispanics in Arizona Increase Economic Clout

The rapidly growing Hispanic community in Arizona is playing an increasing role in the economic and cultural life of the state, according to a study released Wednesday by the Arizona Hispanic Chamber of Commerce.


OECD Sees Lagging Recovery for Jobs

The global economic recovery hasn't the muscle to stop rising unemployment, the Organization of Economic Cooperation and Development in Paris said Thursday.


Black Friday Sales: Retailers Hope to Bring Order Before Chaos

Take a nation of retailers on edge about falling sales. Toss in a crowd of bargain-hungry consumers addicted to deals. Keep them apart for hours before dawn with only a glass door separating them, and you have the makings of a Black Friday calamity.


NASA Gives Hubble Hardware to Smithsonian

NASA has given the Smithsonian National Air and Space Museum two key instruments from the Hubble Space Telescope.


U.S. Housing Starts Fall 10.6 Percent in October

U.S. construction of new homes unexpectedly plunged by 10.6 percent in October to a seasonally adjusted annual rate of 529,000, the Commerce Department reported Wednesday.


Wall St. Has Recovered Much Faster Than the Economy

With U.S. markets falling Tuesday, mixed news from retailers provided enough of an uplift to put an early-morning hangover back to rights. Markets turned up at least enough to turn in a positive day. What a difference a year makes.


Goldman Sachs Looks to Bail Out its Image

New York financial giant Goldman Sachs, with profits soaring, said it would spend $500 million over five years in a goodwill gesture to small businesses.


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