Stocks rebound as U S growth signals lift markets
Stocks rallied on steady U S growth signals while geopolitical jitters eased. The S P 500 neared a record with gains led by TJX and Home Depot as inflation cooled and consumer spending improved. The Dow and Nasdaq rose on better earnings and a housing upturn.
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New York
Standard & Poor
Iraq
Ukraine
Home Depot
TJX
Maxx
Marshalls
Robert Pavlik
Banyan Partners
T.J. Maxx
Russia
West
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Federal Reserve
Tax on medical devices misses revenue target
A Treasury inspector general audit finds the 2.3 percent medical device tax fell short of the $1.2 billion expected in early 2013, with only $913 million collected. It cites poor payer awareness and underreporting as causes and notes the IRS faces challenges in identifying manufacturers subject to the tax.
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Washington
Treasury Inspector General For Tax Administration
IRS
Inspector General
J. Russell George
Barack Obama
Congress
Brita recalls children’s water bottles over laceration risk
Brita is recalling about 242500 children’s water filter bottles due to a possible laceration hazard from a lid that can break into sharp pieces. The bottles feature Dora the Explorer Hello Kitty SpongeBob TMNT designs. Consumers should stop using them and contact Brita for a postage paid return kit for a full refund.
MENTIONED IN THIS ARTICLE
Washington
Brita
Brita.com
Ballmer resigns from Microsoft board to focus on Clippers
Former Microsoft CEO Steve Ballmer, 58, steps down from the company’s board after 34 years. He plans to devote time to ownership of the Los Angeles Clippers, civic work, and teaching business at Stanford this fall and USC next spring. Microsoft published his resignation letter with a Nadella reply.
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Los Angeles
Microsoft
Steve Ballmer
Ballmer
Los Angeles Clippers
Stanford
USC
Microsoft Corp
Satya Nadella
Home construction jumps 15.7 percent in July
Home construction rose to an eight month high in July, increasing 15.7 percent to a 1.09 million homes annual rate. This followed prior declines and signals momentum recovery as building permit applications also climbed 8.1 percent to 1.05 million.
MENTIONED IN THIS ARTICLE
Washington
Commerce Department
Ohio River stretch reopens after oil spill
A 15 mile section of the Ohio River reopened to traffic with Coast Guard clearance and speed limits after a Duke Energy fuel oil spill from the W C Beckford station near New Richmond. Officials estimated up to 5 000 gallons spilled and deployed booms to contain the sheen extending about 12 miles toward Cincinnati while EPA and Coast Guard led cleanup and water safety monitoring.
MENTIONED IN THIS ARTICLE
Cincinnati
Ohio River
Coast Guard
Katherine Cameron
Duke Energy
New Richmond
W.C. Beckford
Duke
Sally Thelen
Cameron
U.S. Environmental Protection Agency
Federal Agency
Charlotte
N.C
U.S. Epa
Steven Renninger
Ohio Epa
Heidi Griesmer
Ohio
Greater Cincinnati
Beckford
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