Headline Articles

Report Finds Obama Still Secretive Despite Transparency Vow

President Barack Obama has relied on state secrets and secret laws to make national security decisions with little congressional or public oversight much as his predecessor did, according to a report being released Sunday by a liberal government watchdog group.


Obama: Economy Has 'Momentum'

U.S. President Barack Obama said Saturday he is seeking compromise with Republicans because keeping the economy's momentum going "has to be our driving focus."


Hispanic Unemployment Rate Dips in February

The seasonally adjusted unemployment rate for Hispanics dropped slightly in February to 9.6 percent, down from 9.7 percent the previous month, the Bureau of Labor Statistics reported today. The rate in February 2012 was 11.4 percent.


Mobile Banking Usage Up, Banks Need to Adapt

When it comes to mobile banking, the financial industry is quickly learning that a one-size-fits-all approach doesn't work in capturing the Hispanic market.


Unemployment Ticks Down to 7.7 Percent

The U.S. unemployment rate dropped to 7.7 percent in February on a gain of 236,000 jobs, the Labor Department's Bureau of Labor Statistics reported Friday.


Investors Yank $8 Billion From S&P 500

Investors got hinky about the SPDR S&P 500 ETF (NYSEArca: SPY) on Thursday, pulling $8 billion out of the country's largest exchange traded fund, says word on The Street.


Head of Phillie Fed Urges End to Stimulus

Charles Plosser, president and chief executive officer of the Philadelphia Federal Reserve Bank, urged the Fed to phase out its ongoing effort to stimulate the economy by purchasing $85 billion in assets a month.


Dow at Record High, Jobless Claims Fall

U.S. stock markets rose Thursday after the Labor Department said first-time unemployment claims fell in the week ending Saturday.


Health Coverage Tax Credit Deadline Nears

Thousands of small California businesses that provide health insurance to employees are eligible for a credit against their 2012 taxes, but a large number of them are unaware of the credit even as the March 15 corporate tax filing deadline fast approaches.


Fed: Regional Economies Improving

The nation's economy expanded in all 12 Federal Reserve districts in late January and February, though a recent payroll tax increase, the new health care law and the budget standoff in Washington tempered consumer spending and hiring, the Fed said Wednesday.


House Sidesteps Government Shutdown, for Now

The lower chamber of the U.S. Congress approved short-term budget legislation Wednesday that would postpone a possible late March government shutdown, as lawmakers continue to spar with President Obama over spending cuts.


Business Optimism High in California: Survey

The vast majority of California business owners will add jobs or keep staffing levels the same in 2013, according to a new survey by Union Bank.


Sequester Impact on Defense Contractors Remains Uncertain

The budget ax is set to drop in a matter of weeks, but the area's largest defense contractors are still in the dark about the specific impact of automatic spending cuts caused by the budget impasse in Washington.


Private Sector Gains 198,000 Jobs in February

Payroll firm Automatic Data Processing said the U.S. economy added 198,000 non-farm private sector jobs in February, beating expectations by 28,000.


Sequester Ax Chops Off White House Tours

If you've dreamed of taking a tour of the White House, you better do it by this weekend.


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