Business

World News

Tensions Flare Over Rock Of Gibraltar

5:24am August 07, 2013

by Lauren Frayer

Once again, Spain and Britain are at odds over a tiny limestone peninsula at Europe's southern tip — Gibraltar. It's physically attached to Spain but has been a British territory for 300 years. Now some Spaniards want it back.

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Want To Be A Chicken Farmer? Try It Before You Commit

5:24am August 07, 2013

by Gigi Douban

The idea of raising backyard chickens has become very popular. But people who follow through on the idea don't always know what they are getting into. So a few companies are letting would-be chicken farmers try out the experience — for a fee.

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The Washington Post is now in its seventh straight year of declining revenues, says the paper's chairman, Donald Graham. Rather than continue to watch the paper struggle, Graham and Publisher Katharine Weymouth decided to look for a buyer.

With An Industry In Turmoil, Why Buy A Newspaper Company?

8:20pm August 06, 2013

by David Folkenflik

The news that billionaire Jeff Bezos has purchased The Washington Post came shortly after Red Sox owner John Henry agreed to buy The Boston Globe. That's left many scratching their heads as to why a successful businessperson would take on a paper when revenues are plummeting.

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National

DOJ Sues Bank Of America Over Mortgage-Backed Securities

7:25pm August 06, 2013

by Chris Arnold

The Justice Department has filed a civil lawsuit against Bank of America, alleging that the company lied to investors about the relative riskiness of the mortgage loans backing the residential mortgage-backed securities, made false statements after intentionally not performing proper due diligence and filled the securitization with a disproportionate amount of risky mortgages.

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Louis Marcell and Adam Jones prepare to search for old logs, known as sinker wood, on the bottom of Ashley River near Charleston, S.C. They use sonar and a book of old train lines to find the timber, some of which has been preserved in the mud since the 1

Dredging South Carolina's Rivers For Long-Forgotten Timber

12:56pm August 06, 2013

by Sam Harnett

Dense forests of old-growth pines and cypress once blanketed South Carolina. As farming spread, nearly all the state's virgin trees were logged, but some sank into rivers en route to the sawmills. Now, some entrepreneurs are raising the preserved trees from the muck — and selling them for big money.

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In the summer, Snowmass ski resort in Colorado rents bikes instead of skis. It's an effort to create year-round revenue during a time when most ski resorts are closed.

Economy

Ski Resorts Find Ways To Stay Busy When There's No Snow

10:50am August 06, 2013

by Marci Krivonen

In an effort to make money year-round, ski resort companies in the West offer attractions like mountain biking and hiking during the summer months. These attractions help resorts bounce back to pre-recession numbers and offer year-round jobs for resort workers.

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Lawmakers meet to discuss an overhaul of the tax code at Kelly's Irish Times on Capitol Hill.

On The Road With Max And Dave: A Tax Overhaul Tour

9:18am August 06, 2013

by Tamara Keith

Sen. Max Baucus and Rep. Dave Camp skip much of Washington's formality when they're out traveling the country to try to drum up support for simplifying the tax code. They want to convince Americans — and their colleagues in Congress — that it's possible, and worth it.

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Study: Glass Ceiling True For Female White Collar Criminals

7:04am August 06, 2013

A new study suggests female white collar crooks face the same barriers as their law abiding counterparts in the corporate world. A team of researchers from Penn State studied the involvement of women in recent corporate fraud cases. It found women held inferior positions in criminal conspiracies, and profited significantly less from their misdeeds.

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World News

GM Looks To China To Boost Car Sales

6:06am August 06, 2013

by Sonari Glinton

General Motors set a July sales record in China. That country is already the most important auto market in the world. It could be where GM maintains global dominance.

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The U.S. Trade Representative has overturned a ban on the import of the iPhone 4 and the iPad 2.

Trade Case Puts Apple In Washington's Sights

7:08pm August 05, 2013

by Laura Sydell

Apple has been notoriously disinterested in Washington politics. But two recent decisions coming from the Obama administration — one involving iPhones, the other dealing with e-books — indicate that Washington is increasingly interested in Apple.

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