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Jul 24, 2014

South Korea unveils stimulus after ferry sinking

(AP) -- South Korea's government announced a $40 billion stimulus plan Thursday after the shock of a deadly ferry sinking slowed economic growth to the lowest level in three quarters. The finance ministry said government spending would increase by 11...

Jul 23, 2014

Bank of England holds interest rates amid concern for wage growth

Mark Carney says rates will need to rise as UK economy recovers, but monetary policy committee has no preset plan Bank of England policymakers are growing increasingly uneasy about the UK's record low interest rates but signalled on Wednesday that th...

Jul 21, 2014

County cricket live!

All the action from Scarborough, where Yorkshire are hosting Middlesex in the County Championship Division One 4.22pm BST Richard Rae reports Yorkshire's lead at tea was 268, with six wickets in hand, 32 overs remaining in the day. Andrew Gale 43 not... #Gary, IN #Kane Williamson

Jul 16, 2014

Time Warner shares surge on Fox bid; UK pay growth slumps to record low - business live

The unemployment rate has hit a new five and a half-year low, but pay increased at its lowest rates since at least 2001, meaning real wages are still falling Latest: Fox offered $80bn for Time Warner UK jobless rate drops to 6.5% But pay rises at low... #China #Time Warner Inc. #Rupert Murdoch #Athens #International Monetary Fund #European Union #FTSE

Jul 04, 2014

Dow passes 17,000, and Long Island investors, experts react to milestone

Melkonian: Artificial support for stocks Martin Melkonian, an economics professor at Hofstra University, warned that the Federal Reserve's zero-interest-rate policy is providing artificial support for stocks. Low interest rates on bonds have forced p... #Federal Reserve #Labor Department

Jun 30, 2014

Sunstein: Distance from Barack Obama may be key in 2016

Consider this hypothesis about modern presidential elections: Whenever American voters elect a new president, they choose someone who is, along a critical dimension, the antithesis of the incumbent. The Incumbent Antithesis hypothesis, as I'll call i... #George W. Bush #Bill Clinton #Lyndon B. Johnson #Barack Obama #Hillary Rodham Clinton #Richard Nixon #Georgia #Ronald Reagan #Harry Truman #George H. W. Bush #John F. Kennedy

Jun 30, 2014

Central banks see 'worrying signals' from credit booms

Bank for International Settlements says rock-bottom official interest rates have fuelled a boom in lending and real estate prices in some countries Regulators should not dismiss "worrying" early signs of unsustainable property price and credit growth... #Bank for International Settlements #Switzerland #Europe

Jun 26, 2014

New low-cost loans on LI to avert foreclosure announced by Schneiderman

Long Island homeowners in distress will soon be eligible to apply for a new low-cost loan program meant to help avert foreclosure. Homeowners will be able to obtain loans this fall of up to $40,000 to pay down delinquent home loans or satisfy liens, ... #Eric T. Schneiderman #Brentwood, NY #Hempstead, NY #Long Island, NY

Jul 18, 2014

Film Review: ‘Wish I Was Here’ Will Make You Wish You Weren’t There

CHICAGO – Writer, director and lead actor Zach Braff has put it on the line for his latest feature, “Wish I Was Here.” He infamously used a crowd funding Kickstarter campaign to maintain creative control of the film, but he needn’t have bothered. The... #Kate Hudson #Zach Braff #Mandy Patinkin #Kickstarter #Ashley Greene #Focus Features #James Avery

Jul 23, 2014

Housing resales up 2.6% in June

Sales of previously owned U.S. homes climbed in June to an eight-month high as more listings helped prices cool, luring buyers into the market. Sales increased 2.6 percent to a 5.04 million annual rate last month, led by gains in all four U.S. region... #Kate Hudson #Zach Braff #Mandy Patinkin #Kickstarter #Ashley Greene #Focus Features #James Avery