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Woman working at Costco killed by policeWoman working as demonstrator at a Costco store in Virginia was killed Wednesday. Police say the woman threatened Costco employees, then was shot and killed when she came at deputies with a knife and scissors.
Buffett $5.6 billion investment expands Berkshire's energy footprintWarren Buffett's Berkshire Hathaway firm is investing $5.6 billion in energy. Buffett's MidAmerican Energy utility will buy a Nevada electric and natural gas company, NV Energy, Inc., for $5.6 billion.
Home prices up 10 percent: How strong is this year’s US housing market?Sales volume is rising, and the inventory of homes in foreclosure is down almost 25 percent from a year ago. Here’s some more context to put the recent trends in home prices in perspective.
Tesla Motors made a profit in Q1, but not on its electric carsTesla Motors has had some impressive accomplishments, Voelcker writes, but it has not yet made a profit in its core business of designing, building, and selling the Model S all-electric luxury sport sedan.
Stocks fall as Dow pulls back from recordStocks closed lower on Wall Street Wednesday led by rich dividend payers like power utilities and makers of consumer staples. Investors piled into those stocks at the beginning of the year, when bond yields were close to historic lows.
Liberty Reserve money-laundering case: five questions answered The case against Liberty Reserve, a digital currency provider, may be the largest money-laundering case in US history. Here's what you need to know.
Bachmann retirement eclipses bigger Congress showdownMichelle Bachman's retirement is small potatoes relative to the biggest political and economic issue emerging in Congress, Reich writes. The president is nominating judges to fill three crucial DC court of appeals vacancies at once, Reich adds, and he needs Harry Reid's help.
MBA: Mortgage rates jump to 3.76 percentMortgage rates jumped 11 basis points to 3.76 percent since last week, according to the latest mortgage rates data from the Mortgage Bankers Association.
- Mexicans both poorer and happier than wealthy nation peers
The OECD's new 'Better Life' index ranks Mexico low in terms of wages and education, but the Latin American nation ranks as one of the highest in terms of life satisfaction.
Chinese buy Smithfield Foods: Shuanghui to pay $4.7B for US meat producerChinese buy Smithfield Foods: Hong Kong-based Shuanghui owns a variety of global businesses that include food, logistics and flavoring products and is the majority shareholder in China's largest meat processing enterprise.
FocusIn Bangladesh factory aftermath, US and European firms take different pathsThe deadly collapse of a Bangladesh garment factory has galvanized European firms to try and improve working conditions, but US companies have been slower to respond. Why?
Aston Martin teaser: V12 Vantage S with 200-plus speedAston Martin releases video of its new Vantage S with its most powerful engine yet. Aston Martin has top speed of 205 m.p.h.
Redskins name change? Congressmen get involved.Redskins name change urged by 10 members of Congress, saying it's considered a racial slur. A Redskins name change is at the heart of a long legal battle.
Did bank launder $6B? Biggest US money laundering caseDid bank launder $6b? The US has filed an indictment against Liberty Reserve in Costa Rica. Prosecutors say the bank helped criminals around the world launder more than $6 billion.
Necessity is the mother of ... entrepreneurship?While it may have begun as a means of economic survival during extremely challenging times, entrepreneurship in the Baltics is now the engine that has created a pocket of growing prosperity while the rest of Europe continues in a recession, Cornwall writes.
Breadwinner moms: Mom earns more in 40 percent of US householdsBreadwinner moms bring home the bacon in 4 out of 10 US households, up from just 11 percent in 1960, according to a new study from the Pew Research Center.
Red Cross: Over $100 million in Sandy aid still unspentThe Red Cross raised about $303 million to help those affected by hurricane Sandy, but only two-thirds of it has been spent, prompting criticism that the Red Cross is losing sight of its role in emergency relief.
- Cut deductions to lower tax rates? Easier said than done.
A major challenge facing tax reform that reduces itemized deductions to help pay for lower tax rates is that lots of middle-income people would lose at least some benefits, Gleckman writes.
Stocks soar on surge in home prices, consumer confidenceStocks jumped on Wall Street Tuesday after US home prices rose the most in seven years and consumer confidence reached a five-year high. Stocks are coming off a rare loss last week, when both the Dow and the S&P 500 index had their first losing weeks in a month.
Japanese bond yields inch up. Are 'Abenomics' to blame?Japanese bond yields have started to move up again, rising above the pre-'Abenomics' level to 0.91 percent, Karlsson writes, something that worries many Japanese officials. Private demand has collapsed as investors have increasingly started to believe that the Bank of Japan through its purchases will actually achieve its new stated inflation target of 2 percent, a slump in demand that some have called a "bond buyer's strike."
