CSX, One Of The Country’s Largest Railroad Operators, Sees Flat Earnings In 2013 With Growth Up To 15% Next Year; Its Stock Has Gained 14% since 2008
The VP of one of the nation’s largest railroads feels confident the company can weather the downturn in coal transport.
Employers Paid 63% More For Health Benefits In March Compared To Last Year, To $2.26 An Hour Per Worker; National Average Total Hourly For An Employee: $29.13
In March 2012, the average private employer paid $1.41 hourly to offer workers’ health insurance. A year later it’s $2.26.
Fewer US Homeowners In Q1 2013 Owed More On Their Mortgages Than Their Homes Are Worth: Down To 19.8% From 21.7% In Q4 2012
About 9.7 million homeowners are “underwater,” owing more than their properties are worth, the lowest rate since the housing crisis.
Amazon Is A Contender For Secretive CIA Cloud Computing Against Traditional Intelligence Tech Contractors
Online retailer Amazon.com has emerged as a bidder for secretive government cloud computing contracts.
World’s Largest Automaker Toyota Is Losing US Market Share, Doesn’t Expect To Get It Back This Year As General Motors, Ford Scoop Up Some Of Its Business
The Japanese auto giant expects to take 14.4 percent of all U.S. vehicles sales this year, slightly less than in 2012.
Inditex, World’s Largest Fashion Retailer, Posts Weakest Profit Growth In Years As Cool Europe Spring Kept Summer Shopping At Bay
The owner of Zara reports tepid growth in its 1Q just weeks after reporting robust profit growth for the past full year.
Record Low UD Great Lakes Water Level Hampering Movement In Vital Waterway That Connects The World To US, Canadian Interiors
Historically low water levels are threatening traffic on the massive network of locks and canals vital to the U.S. and Canada.
[MAP] Here’s Where We Know Extractable Shale Oil And Gas Deposits Exist In The World; The Latest List Nearly Doubles The Number Of Countries With Known Deposits
Did you know Pakistan has as much recoverable shale oil as Canada? The number of known shale deposits is growing.
US Bank Customers Who Overdraw Their Checking Accounts Pay An Average Of $225 A Year; How Banks Charge For Overdraws Varies Widely In The Industry, Says Gov’t Consumer Watchdog
Bank customers who routinely overdraw on their accounts pay an average of $225 a year, says the CFPB.
US Auto Manufacturing Will Create 5% More Jobs Than It Had Last Year, But That Years-Long Pace Is About To End Even As The Sector Continues Its Rebound
U.S. auto manufacturing has had three good years of jobs creation; that party is winding down in 2014.
State Laws In US Against Foreign Land Ownership Could Affect How China’s Shuanghui Manages Agricultural Land In Wake Of Smithfield Foods (SFD) Purchase
U.S. state laws, many passed amid 1970s panic over Japanese investment, exposes Shuanghui to legal trouble in Smithfield Foods acquisition.
Air Travel In Europe Will Be Hobbled This Week As French Air Traffic Controllers Stage A Three-Day Strike Against The ‘Single European Sky’ Initiative
French air traffic controllers will begin a three-day strike against Single Sky plan at 6 a.m. Tuesday local time.
Will Iceland Offer NSA Surveillance Whistleblower Edward Snowden Political Asylum From The US Government?
[UPDATE 3:50 p.m. EDT] Iceland government spokesman: Snowden has to be in Iceland to request asylum.
France Telecom CEO Stephane Richard Detained By French Police In Ongoing ‘Tapie Affair’ Investigation
Investigators want to know if Stephane Richard helped French tycoon Bernard Tapie win a $555 million arbitration case.
Sub-Prime Auto Loans, Repos And Defaults Are Up, But Analysts Shrug Off Notion Of An Auto Lending Bubble
Riskier auto financing is on the rise, as are repos, but the market seems OK with that -- for now.
China Shale Gas Boom: Third Round Of Shale Gas Auctions Could Happen This Year; Sinopec Already A Player, But China Seeking More (Mostly State Owned) Small-Business Participation
Beijing could hold its third auction of shale gas assets to promote more participation by smaller, regional companies.
New Weight Loss Drug Belviq, From Arena, Is Going On Sale June 11
The San Diego-based drug company says it will rake in as much as $1.9 billion from marketing Belviq in the U.S.
Germany’s Central Bank Cuts 2013 Growth Forecast To 0.3% For Europe’s Economic Powerhouse; It Also Cut 2014 Estimated Growth To 1.5%
Bundesbank says the worst may be over for the euro zone crisis, but "continuing structural problems" weigh on progress.
[BREAKING] New Jersey Gov. Chris Christie Picks New Jersey Attorney General Jeffrey Chiesa For Interim Senator Following Sen. Frank Lautenberg’s Death
N.J. Attorney General Jeffrey Chiesa will not seek to be elected to the seat.
UK Car Sales Return To Pre-Recession Levels With 11 Percent May Rise
Car sales in the UK increased 11 percent in May, suggesting Brits are more confident than their continental counterparts.
Recession-Wracked France, Europe's Second-Largest Economy, Has More Unemployed Now Than It Has Had Since 1998
France jobless figures were released on Thursday, showing unemployment up to 10.8 percent from 10.5 percent in the first quarter last year.
[PHOTOS] Here’s What The 2014 Toyota Corolla Should Look Like; Compare The Corolla Concept To The 2014 Corolla
Toyota's pulling the sheet off the 2014 Corolla on Thursday evening in Santa Monica.
General Motors Sold Nearly 253,000 Vehicles In China Last Month, Up 9.4% From Last Year
General Motors said Wednesday it sold 48 more cars in China than it sold in the United States in May.
US Treasury Selling 30M Shares Of General Motors Stock As Auto Maker Heads Back To the S&P 500 Index
General Motors still owes about $19 billion to U.S. taxpayers for its bailout, but that sum is about to go down.
Why Are Japanese Investors Flocking To The Mexican Peso And Dumping The Aussie?
Japanese investors tend to be pioneers in the global currency market, and they’ve been flocking to Mexico lately.
[GRAPHIC] CBO Reports Suggests Growth In US Income Inequality Will Continue Through 2035 (But, Hey, As Long As Capital Markets Are Doing Great, Right?)
U.S. income disparity has been widening for 40 years. The CBO says it will continue through the next 20.
Volkswagen Tennessee Plant Tops Production Estimate With More Than 100,000 Passats, Higher Than Expected Employment
A study about a Volkswagen car factory in Tennessee helps explain why local governments like foreign direct investment.
Southeast Asian Office Rents Soar As Tiger Economies Roar
Led by strong GDP growth in Indonesia and the Philippines, office rents are rising in ASEAN’s major economies.
Asia’s Rich Are Spending More For Their Botox, Cigars And Wine As Inflation On Luxury Goods, Services Outpaces The Overall Average Inflation Rate
The rising cost of luxury in Asia is outpacing overall inflation, reflecting increased demand.
IMF Lowers 2013 French Growth Forecast; Tells Paris It Risks Falling Behind Unless It Speeds Up Reforms, Including Lowering Labor Costs
The IMF tells Socialist President François Hollande to step up reforms aimed at boosting competitiveness.
