US government shutdown avoided as budget wars continue
CBJ – April 11 – The U.S. Government narrowly avoided a massive shutdown late Friday through a last-minute stop-gap deal, allowing all federal services to remain operational. The budget fight in...
View ArticleFewer Americans working now than in decades: report
CBJ – April 14 – The percentage of the United States population that is employed hit its lowest level in decades last year, USA Today is reporting. Just 45.4 per cent of Americans were working in 2010,...
View ArticleHouse approves US$38B in budget cuts
CBJ – April 14 – America's nervous tug-of-war is over as US$38 billion in budget cuts have been approved today. A 260-167 vote in the United States House of Representatives approved the budget cuts,...
View ArticleUS inflation holds at 0.5% in March
CBJ – April 15 – The Consumer Price Index held firm at 0.5 per cent last month on the back of high gasoline and food prices, the U.S. Department of Labor announced today. The increase follows a 0.5 per...
View ArticleChesapeake Energy snaps up Bronco Drilling
CBJ – April 15 – Chesapeake Energy Corp. is spending US$315 million to acquire Bronco Drilling Co. Inc. – and the 22 rigs Bronco owns – the companies confirmed today. Oklahoma City-based Chesapeake...
View ArticleUS tax prosecutions up 25% to 10-year peak
CBJ – April 18 – Criminal prosecutions by the United States federal government against tax evaders are up by over 25 per cent, USA Today is reporting. In 2010, prosecutors filed charges in 1,250 tax...
View ArticleS&P moves outlook on US to negative
CBJ – April 18 – Standard & Poor's has cut its credit outlook on the United States to negative. While S&P believes in the strengths of the U.S. economy, its monetary policy and the unique...
View ArticleGeneral Motors hiking average vehicle prices by US$123
CBJ – April 19 – General Motors Co. is increasing the average prices of its cars and trucks by US$123 in the United States, a spokesman for the company confirmed yesterday. Speaking to the Associated...
View ArticleNasdaq, ICE hone in on NYSE with modified bid
CBJ – April 19 – Nasdaq OMX Group Inc. and IntercontinentalExchange Inc. are sweetening their US$11.3-billion bid for NYSE Euronext, the companies announced today. Nasdaq OMX (Nasdaq: NDAQ) and ICE...
View ArticleAES buying Ohio utility for US$3.5 billion
CBJ – April 20 – Global power giant AES Corp. will acquire DPL Inc., the parent company of the Dayton Power & Light Co., for US$3.5 billion, the companies announced today. Arlington, Va.-based AES...
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