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Weekly U.S. Economic Snapshot: How Are We Doing?

Bit by tiny bit, the economy is improving. The progress might at times seem too small or slow to be evident, but it is unmistakably occurring. People may not feel things are good yet, but they are beginning to feel the worse is subsiding, Gary Thayer, chief macro strategist at Wells Fargo Advisors, said.

iPad Maker Foxconn Lifts China Workers Pay Again

Worker at work during a night shift in Foxconn's new factory in Zhengzhou, Henan province in central China
Foxconn Technology Group, the top maker of Apple Inc's iPhones and iPads whose factories are under scrutiny over labor practices, has raised wages of its Chinese workers by 16-25 percent from this month, the third rise since 2010.
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Realtor Mac McCollum stands in front of a foreclosed home in Bullhead City, Arizona

Rampant Foreclosure Abuses Suspected Across U.S.

A report this week showing rampant foreclosure abuse in San Francisco reflects similar levels of lender fraud and faulty documentation across the United States, say experts and officials who have done studies in other parts of the country.
Eric Linton Feb 16, 2012
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Demand Media Aims for Double-Digit Growth in 2012

Demand Media, which went public just over a year ago, promised its shareholders that revenue growth would accelerate by the second quarter after it reported a fourth-quarter net loss due to costs for improving its platforms.
IBT Staff Reporter Feb 16, 2012
Gary Carter

Gary Carter: In Memoriam

Carter, “The Kid” was totally unlike his teammates and the majority of other ballplayers.
Palash Ghosh Feb 16, 2012
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Nasdaq Looks to Congress to Win Market Reforms

Exchange operator Nasdaq OMX is trying to gain support for a legislative proposal that would give it a competitive edge over both rival exchanges and banks that operate anonymous trading venues known as "dark pools."
IBT Staff Reporter Feb 16, 2012
moinca lewinsky

Monica Lewinsky Back in Spotlight : Where is She Now?

Monica Lewinsky is back in the spotlight 14- years after she first made headlines for her affair with Bill Clinton. She is now the core focus of a highly anticipated four-hour PBS documentary about the former U.S President.
Ceylan Yeginsu Feb 16, 2012
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Ekaterina Rybolovleva Owns Most Expensive NYC Apartment; $88M Deal Closes

Ekaterina Rybolovleva, 22, now owns the most expensive apartment ever sold in New York City, after her billion father, Russian fertiliser magnate Dmitry Rybolovlev on Wednesday, closed the $88 million-deal for the Central Park West pad. He is said to be the 93rd richest man.
Laura Matthews Feb 16, 2012
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Beer Pong Beer: 3 Things to Know About the New Brew

Long gone are the days where you'll have to reach for the Keystone to fill your red Solo cups. Pong Beer is the latest beer to satisfy all your beer pong needs...its name practically says it. Here are three things to know about this sport inspired beverage.
Amanda Remling Feb 16, 2012
Fruit Fly

Fruit Flies Use Booze to Self-Medicate

Fruit flies will self-medicate with alcohol when infected with blood-borne parasites in an effort to cure themselves, a new study found.
Amir Khan Feb 16, 2012

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