Everyday News Update

Rick Perry: ‘Unemployment rate is a sham’ – CNNMoney

Rick Perry called the drop in the unemployment to less than 6% a “sham” in a speech Friday. Potential presidential candidate Rick Perry dismissed the significant jobs gains under President Obama, telling a conservative group on Friday: “The unemployment rate is a sham.” The nation’s unemployment rate has fallen to 5.7% in January, from 10% […]

Robert Benmosche, Who Led AIG to Repay Bailout, Dies at 70 – Bloomberg

(Bloomberg) — Robert Benmosche, the combative former chief executive officer of American International Group Inc. who led the insurer, once the world’s largest, to repay a $182.3 billion taxpayer bailout, has died. He was 70. He died on Friday at NYU Langone Medical Center in New York following treatment for lung cancer, AIG said in […]

FCC Approves Net Neutrality Rules, Classifying Broadband Internet Service as a … – New York Times

To save articles or get newsletters, alerts or recommendations – all free. Don’t have an account yet?Create an account » Subscribed through iTunes and need an NYTimes.com account?Learn more » FCC Approves Net Neutrality Rules, Classifying Broadband Internet Service as a … – New York Times

The New York Daily News exploring sale – CNNMoney

The owner of the New York Daily News is considering putting the tabloid up for sale. One of New York’s two always-warring tabloids might have a new owner soon. The New York Daily News is exploring a sale, according to Mort Zuckerman, the newspaper’s owner for the past 22 years. Zuckerman said in a memo […]

TJ Maxx, Marshalls to boost US workers’ pay to at least $9 an hour – Los Angeles Times

TJX Cos., the owner of discount retailers T.J. Maxx and Marshalls, is raising its worker pay to at least $9 an hour this year, a sign that the retail industry is responding to a similar wage hike announced last week by Wal-Mart Stores Inc. TJX, based in Framingham, Mass., said all of its U.S. employees will start earning […]

NY regulators analyze banks’ cyber security, plan to examine insurers’ protections – Fox Business

ALBANY, N.Y. –  New York’s top financial regulator says his office is considering tougher cyber security requirements for banks with more complex computer sign-ins and certifications from their contractors of their defenses. Department of Financial Services Superintendent Ben Lawsky says they are already revamping regular examinations of banks and insurance companies by adding targeted assessments […]

Fed’s Yellen flags rate hikes on ‘meeting-by-meeting’ basis – Reuters

WASHINGTON (Reuters) – The Federal Reserve is preparing to consider interest rate hikes “on a meeting-by-meeting basis,” Fed Chair Janet Yellen told a congressional committee on Tuesday, a subtle shift of emphasis that helps lay the groundwork for the Fed’s first rate hike since 2006. In remarks to the Senate Banking Committee, Yellen described how […]

Greece clears key hurdle to extend bailout but doubts remain – Economic Times

BRUSSELS: Greece cleared a major hurdle Tuesday in its ongoing battle to remain solvent as its European creditors approved a 4-month extension to its financial bailout, but the cash-strapped country has much more to do to convince its partners that it deserves longer-term help beyond the summer. The country’s creditors in the 19-country eurozone endorsed […]

Ohio home sales dipped from December to January but bested early 2014 levels – cleveland.com

CLEVELAND, Ohio — Home sales slipped from December to January across the Buckeye State and the nation. But 2015 started off stronger than last year for the housing market. Statewide sales of new and previously owned homes dropped 6.2 percent from December, the Ohio Association of Realtors said Monday. That decline mirrored a national dip, of […]

Obama Backs Tougher Rules for Brokers on Retirement Funds – Bloomberg

(Bloomberg) — President Barack Obama threw the weight of the White House behind an effort that would make it harder for brokers to push higher-fee mutual funds or other expensive products on people saving for retirement. The plan to be issued by the Labor Department would require brokers to act in a customer’s best interest, […]

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