Search

Nepal clears Indian firm to build hydropower plant 09/19/2014 09:40am • BINAJ GURUBACHARYA Associated Press KATMANDU, Nepal (AP) -- Nepal's government signed an agreement Friday with Indian company GMR to build the Himalayan nation's largest hydroelectric plant in a small step toward easing chronic power shortages and attracting new investment.The $1.15 billion Upper Ka Just Listed in Arlington 09/19/2014 05:00am • Just Listed highlights Arlington properties that just came on the market within the past week. This feature is written and sponsored by Team Cathell, “Your Orange Line Specialists.” Buyers are back picking off choice properties and ratifying contracts. This week saw 71 homes go und MLS says Chivas USA might not play in 2015 09/18/2014 07:58pm • RONALD BLUM AP Sports Writer NEW YORK (AP) -- Chivas USA might not play in 2015 and perhaps longer, a decision that won't be made until a new owner takes over the Major League Soccer team."We expect to be able to close an agreement by the end of the season," MLS Commissioner Don Garber said Thursday Stock gains lift US household wealth to a record 09/18/2014 07:00pm • CHRISTOPHER S. RUGABER AP Economics Writer WASHINGTON (AP) -- Strong stock market gains and higher home prices boosted Americans' net worth in the April-June quarter to a record high, a trend that could encourage more spending.U.S. households also took on the most new debt in five years, driven most Fed keeps rates low, but brace for the inevitable 09/18/2014 05:02pm • PAUL WISEMAN AP Economics Writers WASHINGTON (AP) -- Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday.Enjoy the easy money while it lasts.By mid-2015, economists expect the Fed to abandon a nearly 6-year-old policy of keeping short-ter Average US 30-year mortgage rate at 4.23 percent 09/18/2014 04:22pm • WASHINGTON (AP) -- Average long-term U.S. mortgage rates surged this week, marking their largest one-week gain this year.Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year loan jumped to 4.23 percent from 4.12 percent last week. The average for a 15-year mortgage, a popu Stocks make gains...Americans' net worth rises...Mortgage rates up 09/18/2014 03:30pm • NEW YORK (AP) -- Encouraging economic news has the stock market headed higher again. A day after the Federal Reserve signaled it's in no rush to raise interest rates, the Labor Department reports weekly applications for jobless benefits dropped by 36,000. The Dow was up around 100 points in afternoo Ireland economy grows 7.7 percent, leads eurozone 09/18/2014 01:58pm • SHAWN POGATCHNIK Associated Press DUBLIN (AP) -- Ireland's economy is growing at a rapid pace last experienced at the tail-end of the Celtic Tiger boom, government statisticians reported Thursday as economists declared that the country's debt crisis was dead and buried.The report from the Central St Weak uptake for new eurozone stimulus program 09/18/2014 10:13am • DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) -- The European Central Bank has launched a new stimulus program aimed at getting banks to lend more -- but low demand for the first round of its super-cheap loans suggests the difficulty the ECB faces in reviving the economy.The central bank f Greek unemployment dips, still above 26 percent 09/18/2014 07:30am • ATHENS, Greece (AP) -- Greek unemployment dropped considerably in the second quarter but still afflicts more than a quarter of the workforce, as the country struggles to climb out of a punishing six-year economic recession.The Greek statistical authority said Thursday that 1.28 million people, or 26 Biden says 'Shylocks' was poor choice of words 09/18/2014 04:20am • JOSH LEDERMAN Associated Press WASHINGTON (AP) -- Vice President Joe Biden said Wednesday he used a poor choice of words when he referred to unscrupulous moneylenders as "Shylocks," and a prominent group that fights anti-Semitism called it a teachable moment about the harmful effects of stereotypes. Credit-easing steps by central banks, at a glance 09/17/2014 06:40pm • The Associated Press On Wednesday, the Federal Reserve signaled that it plans to keep a key interest rate at a record low because a broad range of U.S. economic measures remain subpar.It said it intends to keep its benchmark rate near zero as long as inflation remains under control, until it sees c Holder calls for increased whistleblower rewards 09/17/2014 06:40pm • ERIC TUCKER Associated Press WASHINGTON (AP) -- The Justice Department expects to bring criminal charges in the coming months in investigations involving financial institutions, Attorney General Eric Holder said Wednesday as he called for better incentives for Wall Street whistleblowers who report c Correction: Art-Bill Cosby story 09/17/2014 06:40pm • WASHINGTON (AP) -- In a story Sept. 15 about Bill Cosby loaning African-American art to the Smithsonian Institution, The Associated Press, relying on information from the National Museum of African Art, reported erroneously that Cosby and his wife would lend their entire collection to the museum. Th IMF readies $127M for 3 countries battling Ebola 09/17/2014 04:40pm • PAUL WISEMAN AP Economics Writer WASHINGTON (AP) -- The International Monetary Fund said Wednesday it is preparing $127 million in zero-interest loans to the three African countries hardest hit by the Ebola outbreak -- Guinea, Liberia and Sierra Leone.The money would help the three governments deal