Business

12:30pm

Tue March 13, 2012
The Two-Way

With Economy 'Expanding Moderately,' Fed Leaves Interest Rates Unchanged

Originally published on Tue March 13, 2012 12:31 pm

Citing an economy that is "expanding moderately," an improving labor market and subdued inflation — but a housing sector that "remains depressed" — the Federal Reserve just announced it is holding to its current policy on short-term interest rates.

The central bank's policymakers also said they expect "moderate economic growth over coming quarters" and that the jobless rate will continue to "decline gradually."

Read more

7:04am

Tue March 13, 2012
The Two-Way

Retail Sales Posted Solid Gain In February

There was a 1.1 percent increase in retail sales in February from January, the Census Bureau says. It was the largest rise in five months, Reuters reports.

And the gain didn't come just become rising gas prices led to a 3.3 percent increase in the value of gasoline sales. According to The Associated Press, retail sales rose 0.8 percent excluding gasoline.

Read more

10:01pm

Mon March 12, 2012
Looking Up: Pockets of Economic Strength

Record-High Food Prices Boost Farmers' Bottom Lines

An Illinois farmer checks the blades on his combine while harvesting corn last October. The value of the 2011 U.S. corn crop was more than $76 billion.
Seth Perlman AP

Part of a series

Thanks to high commodity prices and surging productivity, U.S. farmers earned a net income of nearly $98 billion last year — a record, according to the Food and Agricultural Policy Research Institute.

Read more

2:35pm

Mon March 12, 2012
Looking Up: Pockets of Economic Strength

On Utah's 'Silicon Slopes,' Tech Jobs Get A Lift

Josh James co-founded the Web analytics site Omniture in 1996, then sold it to Adobe for $1.8 billion in 2009. Domo is James' latest startup.
Derek Smith

Last year, Utah created jobs at a faster pace than any other state in the country — with the single exception of North Dakota. While the boom in North Dakota is being driven by oil and gas, the hot job market in Utah is being powered by technology companies.

Computer-system-design jobs in Utah shot up nearly 12 percent in 2011. Scientific and technical jobs jumped 9.7 percent. With job opportunities expanding, the state is having little trouble attracting new residents.

For Jill Layfield, the decision to move here from Silicon Valley was not a tough call.

Read more

2:13pm

Mon March 12, 2012
Energy

Senate to Take Up Wind Tax Credit Extension

Wind Farm located just north of Colorado in Arlington, WY.
OLC Fiber Flickr - Creative Commons

Colorado’s wind energy industry is closely watching an anticipated vote in the US Senate Tuesday on a one-year extension of a popular wind power production tax credit. 

Read more

Pages