In a reversal of a long trend, most U.S. debt in the first half of this year stayed here rather than being bought by foreign governments.
Filed under: Government
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Aug. 20, 2010 at 12:55 p.m.
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Filed under: Cell phones, Government, Internet, Technology, Telecommunications SEC adds rulemaking actions to e-mail alerts
The Securities and Exchange Commission has introduced e-mail alerts that will allow the public to be notified when new feedback is posted on its Web site about rulemaking for the Dodd-Frank financial reform bill.
It has had e-mail alerts for a year on other matters and has since sent 11 million updates to nearly 14,000 subscribers. Get the full story »
ShoreBank failure 50-50, Fox reports
Officials at troubled ShoreBank see the odds as 50-50 that the lender will fail and be taken over by the government.
Blagojevich to make the talk-show rounds
Add Meredith Vieira on “Today,” Jon Stewart on “The Daily Show” and local radio interviews with WVON-AM’s Cliff Kelley WLS-AM’s Don and Roma Wade to the first wave of former Gov. Rod Blagojevich’s renewed media offensive.
No sooner did “Fox News Sunday” announce that it would have Blagojevich’s first post-trial Sunday-morning news show interview this weekend than the rest of his dance card filled in.
FDA panel OKs Cymbalta use for back pain
A majority of federal health advisers say a best-selling antidepressant from Eli Lilly & Co. appears effective in treating back pain, but not arthritis.
The Food and Drug Administration is considering whether to broaden approval of Cymbalta to treat chronic pain, which would expand sales of a drug already used by 15 million U.S. patients. Get the full story »
IRS to clarify rules for tax professionals
The Internal Revenue Service is trying to make the rules clearer for attorneys, certified public accountants and other tax professionals who practice before the agency.
The tax authority on Thursday proposed changes to the rulebooks for tax professionals, a set of Treasury standards known as Circular 230. A goal is to better define what tax advisers can and cannot do and to establish new rules on preparing tax returns. Get the full story »
Feds make plans to speed new-disease response
The U.S. government proposed major changes Thursday to the way it works with companies to fight disease threats such as flu, including reform at the Food and Drug Administration and setting up centers to make vaccines quickly.
The report from the Health and Human Services Department said the U.S. ability to respond to new outbreaks is far too slow and it lays out a plan for helping researchers and biotechnology companies develop promising new drugs and vaccines. Get the full story »
6 gas station owners charged in sales-tax crackdown
Six Illinois gas station owners have been indicted on charges of pocketing sales taxes customers paid when they fueled up.
The fraud investigation has recovered nearly $13 million in unpaid sales taxes, according to the Illinois attorney general’s office and state department of revenue. The indictments were the first in an ongoing probe of businesses that fail to pay taxes, Atty. Gen. Lisa Madigan said Thursday. More charges against other tax frauds are expected in coming months, she said. Get the full story »
Aug. 19, 2010 at 12:15 p.m.
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Filed under: China, Government, International, Investing, Manufacturing Chinese steelmaker hailed for dropping U.S. deal
Lawmakers from U.S. steel-producing states on Thursday welcomed a decision by China steel company Anshan Iron and Steel Group to put its investment in a U.S. steel plant on hold.
“Not only would this venture have set a dangerous precedent further undermining our domestic steel market, but it posed serious national security concerns,” Rep. Tim Murphy, a Pennsylvania Republican, said in a statement. Get the full story »
Initial jobless claims at highest since November
Employers appear to be laying off workers again as applications for unemployment insurance reached the half-million mark last week for the first time since November.
Initial claims for jobless benefits rose by 12,000 last week to 500,000, the Labor Department said Thursday. It was the fourth increase in the past five weeks and evidence that the economic recovery has weakened.
How to prevent illness after egg recall
The Centers for Disease Control and Prevention has issued tips for consumers worried about the recall of 228 million eggs linked to an outbreak of salmonella poisoning.
Authorities say eggs from Wright County Egg in Galt, Iowa, were linked to illnesses in Colorado, California and Minnesota. The CDC said about 200 cases of the strain of salmonella linked to the eggs were reported weekly in June and July, four times the usual number. Get the full story »
Second largest cranberry crop shaping up
The nation’s cranberry crop is on track this year to become the second largest on record, the U.S. Department of Agriculture said Tuesday.
The USDA’s annual cranberry forecast calls for 7.35 million 100-pound barrels, up 6 percent from about 6.9 million barrels a year ago. The crop hit a record 7.87 million barrels in 2008. Get the full story »
Bayer to phase out pesticide in use since 1970
A unit of Bayer AG is phasing out production of a pesticide used on numerous U.S. crops such as cotton, peanuts and potatoes now that the U.S. Environmental Protection Agency has found that the 40-year-old product doesn’t meet food safety rules.
In a release Tuesday, the EPA said new toxicity data show that the pesticide aldicarb – marketed under the trade name Temik — no longer meets the agency’s safety standards. Get the full story »
Aug. 16, 2010 at 3:40 p.m.
Filed under: Criminal charges, Government, Health care, Internet, Updated FTC halts Internet sales of acai supplements
The FTC on Monday announced a court-ordered temporary injunction against Central Coast Nutraceuticals Inc., the maker of Acai Advanced, and four affiliated companies which market a variety of acai berry supplements and “colon cleansers.” The court order halts the allegedly illegal conduct of the company, freezes its assets, and appoints a temporary receiver over the company’s several related companies, the FTC said.
A permanent injunction is to be heard Friday in federal district court in Chicago. The FTC also accused Central Coast and two individuals associated with the company of engaging in deceptive advertising and unfair billing practices.
The FTC claims the marketers deceptively claimed the acai berry supplements will lead to rapid and substantial weight loss and the colon cleansers help prevent colon cancer. Some advertisements falsely claim product endorsements by celebrities such as Oprah Winfrey or Rachael Ray. Get the full story »
New loan standards hit for-profit college stocks
U.S. education stocks tumbled Monday after Department of Education data on student loan repayments showed most for-profit schools would be ineligible for federal aid, spooking a sector concerned about increased regulatory scrutiny.
The S&P education services index dropped more than 6 percent to a 22-month low in an overall Nasdaq market that was up 0.4 percent. The sector saw blistering growth in much of last year as job seekers headed back to school to boost their employment prospects after the financial crisis. Get the full story »
