President Barack Obama today will announce that he's extending his moratorium on new deepwater oil wells for six months in response to the BP crisis – but he'll go further than that, putting on hold drilling off the coast of Alaska and cancelling other oil-lease sales.
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In the middle of the federal government's National Small Business Week, two of the most successful Small Business Administration programs are about to run out of money – again.
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The damage from BP's oil spill is mounting. The lucrative tourism business in Florida is suffering. Housing predictor estimates that homes in the path of the leak will lose "at least 30 percent in value as a result of the environmental catastrophe." The thriving seafood industry in the Gulf has largely been shut down.
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Exclusive new research shows that grads of top business schools earn far more than lesser-ranked peers, both at graduation and over the long haul.
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Kelley McDonald has always loved exploring new terrain. In home videos as early as age 3, "I'm always off by myself, looking under rocks or catching and studying bees," she says. Today, at 18, the Apple Valley, Minn., college student is studying for a science career in the fast-growing field of nanotechnology – working with materials at the molecular or atomic level.
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Britain and France were at odds with other European Union countries on Wednesday over plans to insure against future bank failures, in another sign of the problems in trying to forge a common response to the bloc's economic woes.
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The Bank of Spain says it intends to toughen up rules on the provisions the banks have to make against the real estate on their balance sheets.
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An Obama administration plan to consolidate dozens of education, science and community-development programs of interest to communities of color, including minority-serving institutions, continues to draw concerns from the president's allies and adversaries alike.
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This year, American University received a record 17,000 admissions applications, a 13 percent increase over last year. With quantity came quality: by various statistical measures, the university will admit its most accomplished, most diverse class ever this fall.
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Just five minutes and a genius business idea can win you big. Up to six people will have five minutes each to sell their business idea to a mixed panel of venture capitalists, academic instructors and successful entrepreneurs – using only a whiteboard and marker. Sign up today!
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Once again, Facebook has changed its privacy settings. Like the last time this happened, today's improvements are still a mixed bag, but a better one: they are generally easier to use but not as simple as they could be. There are a couple of curve balls thrown in, too.
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Amazon says it will compete with the iPad by targeting "serious readers" who appreciate the clarity of a black-and-white screen for displaying text.
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Next month, Matt Kersten will be up to his neck in Christmas cards. The founder of Kersten Cards, a Scottsdale, Ariz., greeting card company, says 80 percent of his 4,000 orders per year are Christmas cards, which typically hit between July and early December. That leaves fully half of the year with minimal orders – and scant new revenue.
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If bullish investors had been given two Christmas wishes at the end of 2009, they probably would have asked for booming profits and a continuation of ultra-low interest rates. Their wishes have been granted.
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The economy grew in the first quarter, but not quite as much as originally reported, the government said Thursday. The gross domestic product, the broadest measure of the economy, rose at an annual rate 3% in the first three months of 2010, the Commerce Department said.
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Those who by anyone's measure would be considered wealthy, should be on notice: How you acquired and now maintain the wherewithal to be so labeled may soon be called into question by the Internal Revenue Service.
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The largest public companies continue to steadily replace defined-benefit plans with defined-contribution or hybrid plans for new salaried employees, according to a 25-year analysis of Fortune 100 companies by Towers Watson.
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That's the lesson of Apple's overtaking Microsoft in market cap. It's a lesson Microsoft first proved when it put IBM into its rear-view mirror many years ago.
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It was a difficult drill from the start. API Well No. 60-817-44169 threw up many challenges to its principal owner, BP PLC, swallowing expensive drilling fluid and burping out dangerous gas. Those woes put the Gulf of Mexico project over budget and behind schedule by April 20, the day the well erupted, destroying the Deepwater Horizon rig and killing 11 men.
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When we want people to change, we try to teach them something. We think if my Dad just understood the health complications obesity causes, he'd eat healthier. Or if my teenager just understood the danger of texting & driving, she'd quit it. The problem is this: Knowledge rarely leads to change.
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There is critical knowledge to be imparted to new employees to make them productive from Day 1. This learning has nothing (or almost nothing) to do with bathroom location or how to get IT help for a smoking computer.
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Take a look at these comments from a survey about two years ago by Wilmington Trust and Camden Research: "I live below my means. ... I live very modestly"; "It's the same house that I raised my children in since elementary school"; "I live simply and really focus on saving."
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When it comes to health care, even the simplest things can get very confusing. So it is with the new health law's requirement that young adults be able to remain on their parents' health plans until they turn 26.
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