Authors: Jeanette Torres
Jupiterimages/Thinkstock(NEW YORK) -- Good news for the European economy means bad news for U.S. motorists. Gas prices went up an average of two cents on Friday and another two cents on Saturday to bring the average price of a gallon up to $3.38.
Before this weekend, U.S. motorists had enjoyed 75 days of falling...
Authors: Christine Hsu
Nick M Do/Getty Images(AILEY, Ga.) -- The Montgomery Bank & Trust in Ailey, Ga., which was seized by the Federal Deposit Insurance Corporation on Friday, has a missing board member alleged to have stolen millions of dollars from the bank, according to the Wall Street Journal.
The U.S. attorney’s office on Tuesday...
Authors: Christine Hsu
iStockphoto/Thinkstock(HELSINKI) -- Finland would rather end using the Euro than help pay the debt of other countries within the European Union the Finnish Finance Minister Jutta Urpilainen says, according to the Wall Street Journal.
Matti Hirvola, a spokesman of Urpilainen, countered that the minister’s comments did not...
Authors: Christine Hsu
Columbia Pictures(NEW YORK) -- After a record-breaking day on Tuesday, The Amazing Spider-Man leads the box office on its first entire weekend in the theaters, according to Entertainment Weekly.
Trailing behind is Ted ($10.5 million), Brave ($6.2 million), Magic Mike ($6.1 million) and Savages ($5.6 million).
Copyright 2012 ABC...
Authors: Christine Hsu
Jupiterimages/Brand X Pictures/ThinkStock(NEW YORK) -- The unemployment rate last month for young adults in America was 12.1 percent, says Paul Conway, president of the non-profit group Generation Opportunity. “One out of two college graduates right now are either unemployed or under employed.” People under 30 are...
Authors: Christine Hsu
Kevork Djansezian/Getty Images(NEW YORK) -- Samsung Electronics had a record-breaking second quarter. The world’s largest maker of memory chips, cell phones and flat-screen panels and televisions reports quarterly profits surged 80 percent.
Brisk demand for the high-end mobile phones helped Samsung offset a weaker...
Authors: Carmen Cox
The White House(WASHINGTON) -- Fresh off his campaign bus tour, President Obama Friday signed into law an extension of low federal student loan rates and a transportation spending package that he championed around the country as a way to boost the economy.
“This bill will keep thousands of construction workers on the job...
Authors: Carmen Cox
JacopoRaule/Getty Images(NEW YORK) -- Rihanna, whose real name is RobynFenty, has filed a lawsuit against her former accountants alleging financial mismanagement.
In the lawsuit filed in a Manhattan court, according to the Wall Street Journal, the singer alleges her former accounting firm, BerdonLLP, and two accountants caused...
Authors: Carmen Cox
Hemera/Thinkstock(NEW YORK) -- All three major stock indices ended the day lower.
The Dow Friday closed at 12,772, down 124 points or 0.96 percent. The S&P and NASDAQ ended the day lower as well, down 13 points and 39 points, respectively.
Meanwhile, oil settled at $84.45 a barrel in New York trading Friday, down $2.77 for the...
Authors: Joshua Cohan
Slater’s 50/50(LOS ANGELES) -- Slater’s 50/50, a California chain made famous for its half-bacon, half-beef burger, has gone bacon-crazy. The ‘Merica, the restaurant’s July burger of the month, is a 100 percent ground bacon burger topped with more bacon, a sunny-side-up egg, bacon island dressing and...
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