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U.S. Economy Slows To A Crawl -- At Least For Now

The Huffington Post | Yepoka Yeebo | June 28, 2011 | Business
NEW YORK -- At least temporarily, the U.S. economy has slowed to a crawl. U.S. gross domestic product -- one of the key gauges of overall economic growth -– fell dramatically to 1.8 percent in the first three months of this year after growing at a rate of 3.1...

Soaring Costs Force Some Renters To Choose Between Shelter And Food

The Huffington Post | Yepoka Yeebo | June 26, 2011 | Business
NEW YORK -- Around 10 million American households -- or one in every four families that rent their homes -- could have to choose between paying rent, buying groceries or keeping current with bills, according to a report released Tuesday. The number of households spending more than 50...

Soaring Costs Force Some Renters To Choose Between Shelter And Food

The Huffington Post | Yepoka Yeebo | June 26, 2011 | Business
NEW YORK -- Around 10 million American households -- or one in every four families that rent their homes -- could have to choose between paying rent, buying groceries or keeping current with bills, according to a report released Tuesday. The number of households spending more than 50...

Manufacturing Sector Won't Solve Jobs Crisis, Economists Say

The Huffington Post | Yepoka Yeebo | June 21, 2011 | Business
With overall economic growth sluggish, the U.S. manufacturing sector took charge in the first quarter, growing over three times faster than the broader economy. Regardless of growth, however, don't expect manufacturing to solve the jobs crisis. In the past week, companies across the manufacturing sector released quarterly results...

Manufacturing Sector Won't Solve Jobs Crisis, Economists Say

The Huffington Post | Yepoka Yeebo | June 21, 2011 | Business
With overall economic growth sluggish, the U.S. manufacturing sector took charge in the first quarter, growing over three times faster than the broader economy. Regardless of growth, however, don't expect manufacturing to solve the jobs crisis. In the past week, companies across the manufacturing sector released quarterly results...

Soaring Food, Oil Prices Still Don't Indicate Real Inflation, Economists Say

The Huffington Post | Yepoka Yeebo | June 15, 2011 | Business
Despite American consumers being hard hit by rising gas and grocery prices, federal regulators continue to insist the country need not fear inflation. Gas prices, which rose nearly 6 percent in March alone, are now almost 28 percent higher than they were a year ago, according to figures from the...

Gas Prices Drive Retail Sales Up In March

The Huffington Post | Yepoka Yeebo | June 13, 2011 | Business
Higher gas prices buoyed a 0.4 percent jump in retail sales in March, according to figures released by the Commerce Department on Wednesday. Consumer spending, which makes up 70 percent of the U.S. economy, is up over 7 percent since last March and has risen for nine consecutive...

Infrastructure Improvements 'Key To Recovery,' Report Says

The Huffington Post | Yepoka Yeebo | June 12, 2011 | Business
The U.S. needs to improve crumbling infrastructure to boost the recovery, according to a report released on Tuesday. The report comes as federal efforts to invest in infrastructure took a hit in budget negotiations, with $1.5 billion of funding slashed from an Obama administration project to...

Infrastructure Improvements 'Key To Recovery,' Report Says

The Huffington Post | Yepoka Yeebo | June 12, 2011 | Business
The U.S. needs to improve crumbling infrastructure to boost the recovery, according to a report released on Tuesday. The report comes as federal efforts to invest in infrastructure took a hit in budget negotiations, with $1.5 billion of funding slashed from an Obama administration project to...

SEC May Make It Easier (For Some) To Buy Into The Next Facebook

The Huffington Post | Yepoka Yeebo | June 11, 2011 | Business
NEW YORK -- It may soon become a lot easier for startups to raise capital -- and avoid the regulatory scrutiny and costs associated with going public. The Securities and Exchange Commission is weighing changes to limits on the number of shareholders a private company can have...

Foreclosure Investors Flip Homes, Reap Rewards

The Huffington Post | Yepoka Yeebo | June 10, 2011 | Business
Mary Jane McGraw knew her foreclosure ordeal was over when a man showed up on her doorstep and told her that her home in Oak Park, Calif., had been sold. She had a month to leave. McGraw, 66, hadn't been able to make a mortgage payment for a year but...

Foreclosure Investors Flip Homes, Reap Rewards

The Huffington Post | Yepoka Yeebo | June 10, 2011 | Business
Mary Jane McGraw knew her foreclosure ordeal was over when a man showed up on her doorstep and told her that her home in Oak Park, Calif., had been sold. She had a month to leave. McGraw, 66, hadn't been able to make a mortgage payment for a year but...

Politicians Call On FDIC To Protect Affordable Housing

The Huffington Post | Yepoka Yeebo | June 7, 2011 | Business
NEW YORK -- City politicians are calling on federal regulators to start making use of a little-known provision in the sweeping financial reform bill passed last year that could help protect housing for low-income residents. Local politicians, residents and housing activists gathered outside a dilapidated Bronx building Thursday to launch...

Politicians Call On FDIC To Protect Affordable Housing

The Huffington Post | Yepoka Yeebo | June 7, 2011 | Business
NEW YORK -- City politicians are calling on federal regulators to start making use of a little-known provision in the sweeping financial reform bill passed last year that could help protect housing for low-income residents. Local politicians, residents and housing activists gathered outside a dilapidated Bronx building Thursday to launch...

Jury Awards Homeowner $21 Million In Mortgage Lawsuit

The Huffington Post | Yepoka Yeebo | May 30, 2011 | Business
A federal jury has awarded a Georgia man more than $21 million in a lawsuit pitting the homeowner against one of the nation's largest mortgage servicers. U.S. Army sergeant David Brash was awarded the damages in March, after a Columbus, Ga. jury found that PHH Mortgage, the country's

Corporate Profits At All-Time High As Recovery Stumbles

Yepoka Yeebo | May 25, 2011 | Business
NEW YORK -- Despite high unemployment and a largely languishing real estate market, U.S. businesses are more profitable than ever, according to federal figures released on Friday. U.S. corporate profits hit an all-time high at the end of 2010, with financial firms showing some of the biggest gains,...

Corporate Profits At All-Time High As Recovery Stumbles

Yepoka Yeebo | May 25, 2011 | Business
NEW YORK -- Despite high unemployment and a largely languishing real estate market, U.S. businesses are more profitable than ever, according to federal figures released on Friday. U.S. corporate profits hit an all-time high at the end of 2010, with financial firms showing some of the biggest gains,...

Consumer Advocates See AT&T's T-Mobile Deal As A Chance To Fix Carriers' Competition 'Charade'

Yepoka Yeebo | May 25, 2011 | Technology
NEW YORK -- AT&T's $39 billion plan to buy T-Mobile, a marriage of two heavyweights, threatens to hurt consumers who would have fewer cell phone carrier choices and less bargaining power. Yet some experts say the deal offers regulators a chance to impose order on an industry long dominated by...

Coping With Chicago's Foreclosure 'War Zones'

Yepoka Yeebo | May 25, 2011 | Business
Bryan Esenberg's job is to tend the graveyard of Chicago's housing boom. Esenberg works for a local nonprofit that steps in to prevent abandoned buildings mired in the foreclosure process from falling apart while mortgage companies, lenders, owners and investors grapple over who is responsible. Once, he was called...

Women In America: Women Still Poorer, Despite Massive Strides

Yepoka Yeebo | May 25, 2011 | Business
Despite massive strides, women still lag behind in America. Women have caught up in education and employment but still earn significantly less than men, and are more likely to live in poverty, according to a White House report released on Tuesday (scroll through for charts). Using publicly available figures culled...
All posts from 04.28.2011