- Obama downplays IRS scandal, blames Obamacare rollout on ‘outdated’ agencies
- Pregnancies decline overall, up among older women
- Pentagon plans to destroy Syrian chemical arms on ship at sea
- Paris Metro issues ‘politeness manual’ to improve passengers’ behavior
- Justin Bieber, crew detained at Australian airport in drug search
- Lee Rigby trial: Muslim who machete-hacked soldier calls it ‘humane’ kill
- GM ending Chevy sales in Europe to focus on Opel and Vauxhall
- Putin’s diplomats to U.S. busted for living high life off $1.5M bilked from Medicaid
- Happy Meal: Couple goes to McDonald’s, leaves with bag packed with cash
- Boehner: It took me 3 to 4 hours to sign up for Obamacare
Probes into mortgage lending by 3 banks grow
NEW YORK — The New York attorney general’s office has requested information from three major U.S. banks about their mortgage operations, according to a source familiar with the matter.
New York Attorney General Eric T. Schneiderman has asked Bank of America Corp., Goldman Sachs Group Inc. and Morgan Stanley for information on their mortgage securitization practices, the source said.
Mr. Schneiderman has also requested meetings with the banks over the next couple of weeks.
Rising pump prices add to Wal-Mart uncertainty
NEW YORK — Rising gas prices are adding another obstacle to Wal-Mart Stores Inc.’s campaign to reverse a two-year U.S. sales slump.
Strong overseas revenue, growth at Sam's Club and Wal-Mart’s specialty — cost-cutting — pushed the world’s largest retailer’s net income up 3 percent in the first quarter, beating Wall Street expectations.
But business at home is still soft. Wal-Mart says it is seeing some improvements but needs more time to determine whether hammering its low-price message and restocking items it had scrapped can turn around sales.
Wal-Mart offered a cautious second-quarter earnings outlook because of a new headache. It’s worried its low-income customers will spend less at its stores as gasoline hovers around $4 a gallon. Wal-Mart’s fears have deep repercussions, because it’s a bellwether of consumer spending and accounts for nearly 10 percent of all non-automotive retail dollars spent in the U.S.
LinkedIn boosts IPO price range
NEW YORK — LinkedIn Corp., a website where professionals connect with one another, said its initial public offering will likely raise 30 percent more than previously expected, a sign that investors are eager to bet on social networking companies.
Why such hatred toward America's freedom of religion?
- 'Hunger Games' delivers Obama's message on income inequality: liberal group
- Inside China: Nuclear submarines capable of widespread attack on U.S.
- NAPOLITANO: Pope Francis should be saving souls, not pocketbooks
- CARSON: Getting to the top by starting at the bottom
- Activists encourage Obama to circumvent Congress, use more executive authority
- Russian diplomats busted bilking $1.5 million from Medicaid
- Democratic infighting erupts over 'we can have it all' fantasy on entitlements
- Obama returns to class warfare as poll numbers plunge
- U.S. pilot scares off Iranians with 'Top Gun'-worthy stunt: 'You really ought to go home'
- Obama lived with Uncle Onyango Obama in the 1980s, White House admits
Independent voices from the The Washington Times Communities
Criticism may not be agreeable, but it is necessary. It fulfills the same function as pain in the human body. It calls attention to an unhealthy state of things.
Understanding economic events with a free market explanation
John Wood illustrates a new American politics, and the path to get there.
Interviews and show reviews from the Los Angeles punk scene past and present. Los Angeles has always been rich in punk rock talent since punk rock was born.
White House pets gone wild!