Category Archives: business

Sarah Palin gushes over Donald Trump in highly-anticipated interview

Sarah Palin gushes over Donald Trump in highly anticipated interview  Sarah Palin and Donald Trump showered one another with compliments Friday night during a highly anticipated interview on the One America News Network. “I’ve said it since the day he made the sacrifice to hit the campaign trail: Voters crave the anti-status-quo politician,” Palin said as she introduced the billionaire businessman-turned-surprise republican frontrunner. “They want results. Continue reading

Deputy ambushed, killed at gas station; no one in custody

HOUSTON (AP) — Authorities are still pursuing a suspect in the death of a uniformed sheriff’s deputy who was shot several times while filling up his patrol car at a suburban Houston gas station, they said Saturday afternoon during a strongly worded news conference. Deputy Darren Goforth, 47, was pumping gas about 8:30 p.m. Friday when a man approached him from behind and fired multiple shots Continue reading

‘Good reason to believe’ U.S. inflation will rise: Fed’s Fischer

JACKSON HOLE, Wyo. Continue reading

Buffett’s Berkshire takes $4.48 billion stake in Phillips 66

By Jonathan Stempel By Jonathan Stempel (NEWS.GNOM.ES) – Warren Buffett’s Berkshire Hathaway Inc disclosed a $4.48 billion stake in oil refiner Phillips 66 , rebuilding a bet it had made in the energy industry before oil prices fell. The 57.98 million-share, or roughly 10.8 percent, stake was revealed in a Friday night filing with the U.S. Securities and Exchange Commission Continue reading

Construction accident closes down major San Francisco freeway

SAN FRANCISCO (Reuters) – Emergency work was expected to block off the principal freeway connecting San Francisco to the south for at least 20 hours, after a construction crane crashed into and demolished a tower supporting high-voltage power lines. “All southbound and northbound lanes of U.S. Highway 101 are closed down until possibly 5 p.m Continue reading

Ten years after Katrina, resilient New Orleans honors its victims

By Kathy Finn and Edward McAllister By Kathy Finn and Edward McAllister NEW ORLEANS (Reuters) – From the Lower Ninth Ward to the Super Dome, New Orleans launched a day of events on Saturday to commemorate the 10th anniversary of Hurricane Katrina, paying tribute to its victims and homage to the city’s resilience in the face of disaster. The day began with a somber ceremony led by Mayor Mitch Landrieu to remember the 83 “forgotten” victims whose unclaimed bodies now rest in mausoleums at the Hurricane Katrina Memorial, housed in one of the city’s historic above-ground cemeteries Continue reading

Raising U.S. inflation target won’t help much now: researchers

JACKSON HOLE, Wyo. Continue reading

Hurricane Ignacio gains strength but expected to bypass Hawaii

(Reuters) – Hurricane Ignacio intensified as it blew across the Pacific on a route likely to bypass Hawaii on Saturday, said the Central Pacific Hurricane Center of the National Weather Service. With winds gusting up to 115 miles per hour (185 kmph), the hurricane centered 835 miles (1,344 km) southeast of Honolulu and 625 miles (1,006 km) south east of Hilo was moving northwest at 8 miles per hour (13 kmph), said center spokesman Neil Honda. “It just became a hurricane from a tropical storm,” Honda said, noting the weather became fierce enough to be classified a hurricane at 5 a.m. Continue reading

Yellen ally pours cold water on rule-based monetary policy

JACKSON HOLE, Wyo. (NEWS.GNOM.ES) – For much of her tenure as head of the Federal Reserve, Janet Yellen has been pressured by Republican lawmakers who want the U.S. central bank to adopt a monetary policy rule, a straightforward formula connecting unemployment and inflation to a benchmark interest rate. Continue reading

The Latest on Houston deputy: Memorial pops up at gas pump

HOUSTON (AP) — 10:20 a.m. An impromptu memorial of balloons, flowers, candles and notes has begun at the gas pump where Harris County Deputy Darren Goforth was shot and killed. The Chevron gas station is in Copperfield, a middle-class to upper middle-class unincorporated area of the county Continue reading