New rule limits debt settlement firms

NEW YORK – Companies that promise to reduce or eliminate credit-card balances and other debt for customers no longer will be allowed to charge an upfront fee.The Federal Trade Commission said...

DATE: July 31, 2010 | CATEGORY: Business

Mortgage rates slide lower, hit 4.54 percent

NEW YORK – Mortgage rates are the most affordable in decades for those who can qualify for a loan.For many, the opportunity to buy a home or refinance at this time is lost because of the tough...

DATE: July 31, 2010 | CATEGORY: Business

Toyota recalls 412,000 cars

NEW YORK – Toyota is recalling nearly half a million cars, most of them large sedans sold in the U.S., for problems that can cause the steering wheel to lock up. It’s the latest indication that the...

DATE: July 31, 2010 | CATEGORY: Business

Dow ticks up 7 percent in July

NEW YORK – Stocks had a fitting end to a choppy July as prices seesawed their way to a narrowly mixed finish. The market still had its best month in a year.Investors had an ambivalent response...

DATE: July 30, 2010 | CATEGORY: Business

Vendors enjoy mobile trade

A time-honored tradition of small businesses is local vendors who – with the help of a table or trailer – transport their wares directly to the people to win customers one pizza, bar of soap or...

DATE: July 27, 2010 | CATEGORY: Business

BP hopes to turn page with new CEO

NEW ORLEANS – Battered BP began reinventing itself in the shadow of the Gulf of Mexico oil spill Tuesday, naming its first American CEO as it reported a record $17 billion quarterly loss. Its...

DATE: July 27, 2010 | CATEGORY: Business

Hayward to get new job at BP’s Russian venture

MOSCOW – Tony Hayward is poised to move to a new job as a non-executive board member with few direct responsibilities at BP PLC’s Russia venture, TNK-BP.He would not even need to spend much time in...

DATE: July 27, 2010 | CATEGORY: Business

Stocks drop on consumer index

NEW YORK – News that consumers are more pessimistic put the stock market’s rally on hold.Stocks fell modestly Tuesday after three days of big gains. The Dow Jones industrial average rose 12 points...

DATE: July 27, 2010 | CATEGORY: Business

GM to sell Volt for $41K

DETROIT – General Motors Co. said Tuesday its Chevrolet Volt electric car will start at $41,000 when it goes on sale in November.While the price is about $8,000 more than its closest rival, the...

DATE: July 27, 2010 | CATEGORY: Business

Band to kick off CD with live streaming concerts

NEW YORK – Within hours of most any concert, shaky and distorted footage of the show can be found online from front row or the balcony.But online concert video has been steadily building toward...

DATE: July 24, 2010 | CATEGORY: Business

Regulators consider lobstering ban

WARWICK, R.I. – A proposal to ban lobster fishing over a vast stretch of the East Coast would do “almost biblical” damage to the industry just as the species seems to be rebounding, lobstermen told...

DATE: July 24, 2010 | CATEGORY: Business

Pa. residents: Gas drilling poisons water

CANONSBURG, Pa. – People who make a living from a natural-gas drilling technique that involves pumping chemical-laced water into the earth and others who believe it has poisoned them or their well...

DATE: July 24, 2010 | CATEGORY: Business

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