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  • The $25 Billion Impact of the Wind Industry

    April 11, 2013 4:12 PM 209

    The wind industry provided a noticeable boost for the U.S. economy in 2012. In a record-setting year, the U.S. wind industry’s 28 percent growth boosted its job count back to 80,000 and had a discernible impact on the U.S. gross domestic product (GDP) by putting $25 billion in private investment to work, according to the industry’s newly released Annual

  • Housing regulator extends government refinancing program

    April 11, 2013 3:15 PM 121

    WASHINGTON (Reuters) - The top housing regulator on Thursday extended by two years a government refinancing program in order to allow more borrowers with loans backed by Fannie Mae and Freddie Mac to lower monthly mortgage payments. The Federal Housing Finance Agency, which oversees the two mortgage companies, said it would extend the Home Affordable

  • Foursquare has raised $41M in new funding: report

    April 11, 2013 1:51 PM 144

    The New York City startup, which pioneered location-based social media with check-ins, raised $41 million in fresh financing, according to a Bloomberg Businessweek report. CEO Dennis Crowley said the money came from private-equity firm Silver Lake Partners and a group of venture capitalists, including Union Square Ventures and Andreesen Horowitz

  • Costco Comparable Store Sales Jump 4% in March (COST)

    April 11, 2013 1:18 PM 176

    Early on Thursday, membership warehouse operator Costco Wholesale Corporation (COST) reported a 4% rise in comparable store sales in March. US comps were up 5%, while International comps rose 2%. Costco also said that gasoline prices and foreign exchange rates negatively impacted comparable store sales in March. Excluding those effects, overall comparable

  • March retail sales figures tepid due to cold weather, economy worries

    April 11, 2013 1:16 PM 121

    The ‘Dirty Dozen’ tax scams the IRS wants you to avoid L Brands, formerly Limited Brands Inc., the parent of Victoria’s Secret and Bath and Body Works, says the revenue figure was flat, above analyst expectations for a drop, according to Thomson Reuters. Costco Wholesale Corp.’s revenue figure rose 4 percent in March, short of expectations for a 5.2 percent

  • Burger King CEO named to take top job at Heinz after acquisition by 3G, Berkshire Hathaway

    April 11, 2013 12:59 PM 147

    The ‘Dirty Dozen’ tax scams the IRS wants you to avoid He will remain CEO at Burger King until the deal closes. Likewise, Heinz Chairman and CEO Bill Johnson will retain that job until the acquisition of the company closes. The investors announced plans in February to buy Pittsburgh-based H.J. Heinz Co. in a $23.3 billion deal. Heinz shareholders are set to vote on the acquisition

  • Jobless claims point to few layoffs

    April 11, 2013 12:44 PM 183

    Claims for unemployment benefits are on a roller coaster ride again, falling dramatically last week after rising sharply a week earlier. That volatility isn't unusual for March and April, when the Easter holiday and school spring breaks tend to distort the figures. About 346,000 people filed claims for their first week of jobless benefits last week, down from a revised

  • Unemployment claims take a big drop

    April 11, 2013 12:40 PM 178

    First-time claims for unemployment benefits fell by 42,000 in the latest week to 346,000 from an upwardly revised 388,000 a week earlier, the Labor Department said Thursday. Last week's claims were originally estimated at 385,000, up 28,000 from the week before. The 4-week moving average was 358,000, up 3,000 from the previous week's revised average

  • Futures edge higher with claims data on tap

    April 11, 2013 12:07 PM 163

    NEW YORK (Reuters) - U.S. stock index futures edged higher on Thursday, indicating the S&P may scale fresh historic highs amid signs China's recovery may be gaining steam and ahead of U.S. labor market data. Both the Dow .DJI and S&P .SPX climbed more than 1 percent on Wednesday to close at new record highs after three straight days of gains

  • First Hudson Yards Tower Signs Three Major Tenants

    April 11, 2013 11:12 AM 178

    There was a time when developers and city officials thought that the city’s financial institutions would lead the development of the rail yards on the Far West Side of Manhattan. But with the long-awaited signing of three major tenants for the first office tower at Hudson Yards, it is now clear that the city’s tech companies and creative firms are coming