Business

Court: Exxon Mobil Guilty In N.H. Contamination Suit

6:09pm April 10, 2013

by Sam Evans Brown

Exxon Mobil has been ordered to pay more than $200 million to clean up groundwater contaminated with the gasoline additive known as MTBE. New Hampshire won the lawsuit in state court. Exxon argues the federal government approved MTBE to reduce air pollution and should be blamed for the consequences.

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How The Latest Budget Could Affect You

2:51pm April 10, 2013

President Obama unveiled his fifth annual budget proposal to Congress Wednesday, offering a mix of tax increases and spending cuts. The newest changes include cuts to Medicare and Social Security benefits. Across the country, some are only beginning to feel the affects of sequestration.

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Some Public Defenders Warn: 'We Have Nothing Left To Cut'

7:20am April 10, 2013

by Carrie Johnson

Around the country, budget cuts are bringing some federal public defenders to the breaking point. "We can't not pay the rent, and ... everything else is personnel. We can't send a computer to court," says Washington, D.C., public defender A.J. Kramer.

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J.C. Penney CEO Johnson Is Forced Out

9:14am April 09, 2013

by Wendy Kaufman

The retailer recruited Johnson from Apple to revitalize the company but since his arrival 18 months ago, business has only gotten worse. J.C. Penney has brought back Johnson's predecessor Myron Ullman to once again led the struggling retailer.

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Administration Urges Europeans To Ease Austerity Measures

9:14am April 09, 2013

Treasury Secretary Jack Lew is on his first trip to Europe, pushing for leaders to let up on strict steps that were enacted during the financial crisis. His trip comes as President Obama prepares to send his budget plan to Congress. It's said to include cuts to Social Security and Medicare. David Greene talks to Lew, who's in Berlin to meet with Germany's finance minister.

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Electrolux's new plant in Memphis, Tenn., is the Swedish appliance company's most modern and high-tech facility. The factory will open this summer while an Electrolux plant in Quebec, Canada, is being shuttered.

One Manufacturing Giant Creates Winners And Losers

9:59pm April 08, 2013

by Andrea Hsu

Residents in Memphis, Tenn., are thrilled that Swedish appliance giant Electrolux is opening a new factory there this year. The company plans to employ 1,200 people at the new, high-tech facility. But in Webster, Iowa, an Electrolux plant closure in 2011 has left the local economy reeling.

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The 'Alchemists' Who Control The Purse Strings Of The Economy

3:03pm April 08, 2013

In a new book, Washington Post economics writer Neil Irwin looks at an elite group of policymakers from around the world who manage the money supply, and explains how money can come from — and disappear into — thin air based on the decisions of these influential men and women.

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Flamboyant Designer Lilly Pulitzer Dies At 81

10:09am April 08, 2013

Lilly Pulitzer married into the famous Pulitzer media family but her own fame came from her line of screaming pink, lime and fluorescent yellow shift dresses.

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Target Apologizes For Poor Choice Of Words

10:09am April 08, 2013

Susan Clemens was looking at a grey dress on the company's website. Regular sizes were described as "Dark Heather Gray." Plus sizes — in the exact color — became "Manatee Gray." Manatees are known as sea cows. Clemens tweeted her disgust and it went viral.

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Economy

Honda's Growth Helps Tow Ohio Out Of Recession

6:04pm April 05, 2013

by Steve Brown - Host

Honda is moving its North American headquarters from California to Ohio. That's just the latest bit of good news for the Buckeye State and Honda, whose fortunes have been closely tied for decades now.

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