- Seattle socialist: Minimum-wage discussion skewed by ‘right-wing’ GAO analysis
- U.N. warns of Muslim ‘cleansing’ in Central African Republic
- Senate blocks change to military sex assault cases
- Drug mix may have cured child born with HIV, doctors say
- De Blasio’s wife irks former mansion chef with ‘servant’ remark
- Russia’s neighbors shiver amid Putin’s Cold War moves in Ukraine
- New SAT: The essay portion is to become optional
- Military group can’t march to honor the fallen at Boston Marathon due to security changes
- Senate passes bills deleting ‘retarded’ from laws
- China announces biggest military hike in 3 years: We are not ‘boy scouts with spears’
Economy Briefs: Pew Survey finds increase in e-reading, paper drops
NEW YORK — The tastes of the reading public are turning digital.
A Pew Internet Research Center survey released Thursday found that the percentage of Americans age 16 and older who read an e-book grew from 16 percent in 2011 to 23 percent this year. Readers of traditional books dropped from 72 percent to 67 percent. Overall, those reading books of any kind dropped from 78 percent to 75 percent, a shift Pew called statistically insignificant.
Those owning an e-book device or tablet jumped from 18 percent to 33 percent, with much of that increase coming from last year's holiday season, when millions received Kindles, Nooks and other e-readers as gifts.
The telephone survey of 2,252 people age 16 and older was conducted from Oct. 15 to Nov. 10.
Construction contractor to pay feds $2M penalty
A major commercial and industrial construction contractor has agreed to pay the government a $2 million penalty to resolve criminal fraud violations arising from the firm's intentional overstating of developmental assistance provided to a disadvantaged small business as part of a Defense Department program.
The agreement by Montgomery, Ala.- based Caddell Construction Co. was announced Thursday by Assistant Attorney General Lanny A. Breuer, who heads the Justice Department's Criminal Division.
According to the nonprosecution agreement between the government and Caddell, the company entered into an agreement with Mountain Chief — a certified American Indian, woman-owned and economically disadvantaged small business — in February 2003 to participate in the Defense Department's Mentor-Protege Program. The program allows major contractors to contract with and provide developmental assistance to disadvantaged small businesses and are reimbursed by the department for related costs.
SeaWorld files to go public with $100M IPO
ORLANDO — Looks like Shamu may soon be making a splash in the stock market.
SeaWorld Entertainment Inc. on Thursday filed for an initial public offering of stock that could raise $100 million.
That number is likely to change as the company's bankers gauge interest from investors.
Private equity firm Blackstone Group LP, which owns SeaWorld, will likely sell some of its stake in the deal, but will still own a majority of the voting power of the company's shares after the IPO, the company said in a filing with the Securities and Exchange Commission.
• From wire dispatches and staff reports
TWT Video Picks
By Tammy Bruce
- Back to the Future: HUVr Tech marketing video goes viral with hoverboard release tease
- Aronofsky's 'Noah' banned in Qatar, Bahrain, United Arab Emirates
- Unemployment insurance vote could happen next week
- Russian lawmaker wants to outlaw U.S. dollar, calls it a Ponzi scheme
- Putin has transformed Russian army into a lean, mean fighting machine
- Russias Putin nominated for Nobel Peace Prize
- WEBER: Obamacare cuts home healthcare for millions of seniors
- Two liberals say Sarah Palin is right: Obama lacks substance
- MSNBC's Rachel Maddow: Bush to blame for Ukraine
- 1M kids stop school lunch due to Michelle Obamas food standards
Pope Francis meets his 'mini-me'
Celebrity deaths in 2014
Winter storm hits states — again