Business News
Federal regulators debunk rumors of short-selling ban
Federal regulators this afternoon shot down rumors in the financial markets they were planning to ban short selling of stocks in which the government has a stake.
Categories: Business News
Gay marriages expected to create wedding-related jobs in D.C.
Georgetown residents Christopher Cahill and Richard Marshall consider the $75,000 wedding that they're planning for June to be their own "personal stimulus package" for the District economy.
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D.C. law firm Arent Fox names Mark M. Katz new chairman
The Washington law firm Arent Fox said Monday that it has named longtime partner Mark M. Katz as its new chairman, a leadership change that comes as the legal sector copes with an economic downturn that has curtailed business and prompted layoffs.
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Obama launches attack on health insurance companies
The White House is mounting a stinging, sustained broadside against health insurance rate increases as President Obama and his aides enter what they hope will be the final stretch of a year-long political war over health-care reform.
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Video Vault, cult movie rental favorite, to close in April
Another video rental store might have been content to boast a "Horror" section, but Alexandria's Video Vault always catered to far more specialized tastes.
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What is a credit default swap?
That's part of what Greece's prime minister, George Papandreou, blames for his country's financial crisis. A credit default swap is a form of insurance on bonds that investors buy and sell. When it looks like a bond issuer might have trouble paying, its CDS prices soar because the bonds are more...
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Toyota demo counters claim of electronic acceleration glitch
Embattled Japanese auto giant Toyota launched a broad counter-attack on Monday aimed at refuting research that suggests electronics may be at the heart of runaway acceleration problems that have led the automaker to recall more than 6 million vehicles.
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Analysis finds uneasy mix in auto industry and regulation
Dozens of former federal officials are playing leading roles in helping carmakers handle federal investigations of auto defects, including those for Toyota's runaway-acceleration problems.
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Foreign Digest: Pakistan, Iran, China, Guantanamo, Dubai, Haiti
Pakistan The Pakistani Taliban, an umbrella militant group that had been weakened in recent months, staged a forceful resurgence Monday with an attack that killed at least 12 in the heartland city of Lahore. As the workday began, a suicide bomber rammed his explosives-packed truck into an unmarked...
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Bankruptcy law doesn't restrict free speech, Supreme Court says
A federal law that bars attorneys from telling clients who are contemplating bankruptcy to take on more debt is not an unconstitutional restriction on the free-speech rights of lawyers, the Supreme Court decided Monday.
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Obama nominates Robert A. Harding to lead TSA
President Obama nominated retired Army Maj. Gen. Robert A. Harding on Monday to lead the Transportation Security Administration, selecting someone unknown to the aviation industry and federal unions to lead one of the government's most visible agencies.
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AIG sells Alico insurance company to MetLife
American International Group on Monday announced the sale of one of its major global insurance units to MetLife for $15.5 billion, the latest step in the bailed-out insurance giant's quest to pay down its massive debt to U.S. taxpayers.
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A ski bum turns his love of the slopes into a living
Chris Chapman owns an Anne Arundel County business that sounds deceptively simple. It brings him a comfortable six-figure income on more than $1 million in revenue, allows him to employ a handful of relatives and is built around a sport he loves.
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Disney allows Cablevision to resume showing WABC-7 as revenue negotiations continue
ABC returned to the televisions of Cablevision's 3 million New York area subscribers late Sunday, allowing viewers to catch most of the Academy Awards. But the companies didn't say whether they had ended their tense and bitter impasse over how much the cable operator should pay Walt Disney Co., t...
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With bank credit frozen, small U.S. businesses starting to turn to microlenders
Ryan Fochler's life changed six years ago when he left his job in the computer industry to buy an Arlington County-based dog-walking business with $50,000 in personal savings and a home-equity line of credit. The firm grew quickly, with revenue more than doubling each year. By 2008, Fochler was r...
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Icelanders reject full repayment to British, Dutch caught in bank collapse
LONDON -- Icelanders this weekend resoundingly rejected a plan to reimburse overseas depositors after the failure of an online Icelandic bank, a rare public referendum on the repayment of a foreign liability that could fuel further concerns over debt problems in Europe.
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Categories: Business News