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Senate votes to make small cut to food stamps
The Senate has voted to keep a $400 million annual cut — or roughly a half of 1 percent — to the food stamp program in a farm bill it is considering this week. Food stamps now cost almost $80 billion annually. The chamber rejected by a 58-40 vote an ...
New Egypt tax law: cuts for poor, business hikes
Egypt's president signed a new tax law Tuesday that cuts the amount paid by poorer Egyptians in the latest move aimed at reforming the country's economy. The changes, which are more favorable than the previous tax law for the country's most vulnerable, could boost Islamists in parliamentary elections slated for ...
JPMorgan's Dimon survives shareholder referendum
Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the bank needed better oversight, giving only narrow approval to three of ...
Stocks gain on reassurance from a top Fed official
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday. Stock indexes wobbled between gains and losses in early trading, then took a turn higher just before noon. That's when news crossed that James Bullard, head of the Fed's ...
JPMorgan Directors Glance: How shareholders voted
Shareholders at JPMorgan Chase voted to let Jamie Dimon, the chairman and CEO of the nation's largest bank, keep both his jobs Tuesday. Dimon also received strong support to be re-elected to the bank's board of directors. Three directors — James Crown, David Cote and Ellen Futter — received the ...
Recent editorials published in Indiana newspapers
Tribune-Star. May 19, 2013. Waging the 'readiness' campaign Almost every Hoosier who starts college intends to finish. Unfortunately, those who arrive on campus unprepared in key academic areas are far less likely to fulfill that aspiration. The Indiana General Assembly passed one of its more logical, meaningful pieces of education ...
Markets choppy ahead of Bernanke testimony
Markets were choppy Tuesday as investors remained cautious in the run-up to a much-anticipated statement from U.S. Federal Reserve chairman Ben Bernanke. The Fed is conducting its third round of massive bond purchases known as quantitative easing. The aim has been to help drive down interest rates and spur lending. ...
German central bank: Economy to improve 'markedly'
Germany's central bank expects the country's economy to improve "markedly" in the second quarter — a development that could boost the wider eurozone as it struggles to get out of recession. The Bundesbank said Tuesday that Europe's largest economy should expand more robustly after a weak first three months of ...
Oil price down to near $96 as traders wait for Fed
The price of oil fell to near $96 per barrel Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy. By early afternoon in Europe, benchmark crude for June delivery was down 60 cents to $96.11 a barrel in electronic trading on the New York Mercantile ...
Futures fall as markets await hints from Fed
U.S. stock futures are down in light trading ahead of an appearance this week by Fed Chairman Ben Bernanke before Congress. Dow Jones industrial futures slipped 4 points to 15,315. S&P futures have given up 1.1 points to 1,663.50. Nasdaq futures are up 1.75 points to 3,019.25. Wall Street will ...
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