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Murdoch, politicians under pressure after report

May 2, 2012

Not fit to run a major company. It is a damning judgment on Rupert Murdoch, a threat to his British assets _ and a headache […]

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Delta buys a refinery in bid to cut its fuel bill

May 1, 2012

Delta Air Lines said on Monday that it will buy a refinery near Philadelphia in the hope of slicing $300 million a year from its […]

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Rajoy Says Spain Future at Stake as Debt Crisis Persists - Bloomberg

April 11, 2012

Prime Minister Mariano Rajoy said Spain

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‘Hunger Games’ boosts Scholastic shares

March 19, 2012

Shares of publisher Scholastic Corp. spiked on Thursday, fueled by strong sales of its Hunger Games series ahead of the film version’s release next […]

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Aircraft dispute didn’t exactly end in a draw, but it may still be a stalemate

March 16, 2012

As Americans, we’re used to contests that have a winner and a loser. Even when a soccer match ends in a tie, at least one […]

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About 40 A-B execs in line for big bonuses

March 11, 2012

ST. LOUIS • A few top executives at Anheuser-Busch are in line for a big payday.
While it went unmentioned in official discussions of 2011 earnings […]

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Business news in brief

March 6, 2012

Reliance Bancshares chairman resigns
Patrick Gideon, chairman of Reliance Bancshares, has resigned as chairman and as a board member in a dispute with the bank holding […]

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Strong retail sales are sign of improving economy

March 1, 2012

Many retailers reported strong sales gains for February in the latest sign that Americans are feeling more confident in the economy.
As merchants reported their monthly […]

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Gift cards will extend retail’s holiday cheer

December 29, 2011

A resurgent demand for gift cards may extend retailers’ holiday cheer well into January.
Gift card spending rose to nearly 18 percent of total holiday spending […]

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Boehner: House will reject 2-month payroll tax cut

December 25, 2011

%3Cp%3EThe+House+intends+to+vote+down+a+bipartisan+two-month+extension+of+the+payroll+tax+cut+that+has+cleared+the+Senate+and+is+backed+by+President+Barack+Obama%2C+and+request+immediate+negotiations+on+a+full-year+renewal%2C+Speaker+John+Boehner+said+Monday.%3C%2Fp%3E+%09%3Cp%3E%22It%27s+time+to+stop+the+nonsense.+We+can+resolve+these+differences+and+we+can+do+it+in+a+way+that+provides+certainty+for+job+creators+and+others%2C%22+Boehner+said+at+a+news+conference%2C+although+he+provided+no+estimate+on+how+long+it+might+take+to+produce+a+compromise.%3C%2Fp%3E+%09%3Cp%3EWithout+action+by+Congress%2C+both+the+payroll+tax+cut+and+a+program+for+long-term+unemployment+benefits+will+expire+on+Jan.+1.%3C%2Fp%3E+%09%3Cp%3EHouse+Majority+Leader+Eric+Cantor%2C+R-Va.%2C+said+lawmakers+would+not+let+the+tax+increase+kick+in+but+he+did+not+say+how+they+would+resolve+the+dispute.%3C%2Fp%3E+%09%3Cp%3E%22In+this+tough+economy%2C+middle+class+Americans+need+to+know+that+their+taxes+won%27t+be+going+up+at+any+point+next+year.%2C%22+Cantor+said+in+a+statement.+%22We+are+going+to+stay+here+and+do+our+work+until+we+guarantee+that+no+one+faces+a+tax+increase+in+the+year+ahead.%22%3C%2Fp%3E+%09%3Cp%3EThe+leaders%27+comments+came+after+a+chaotic+weekend+in+which+Senate+leaders+first+failed+to+agree+on+a+full-year+bill%2C+then+coalesced+around+the+two-month-extension+that+passed+overwhelmingly%2C+only+to+spark+a+revolt+among+GOP+conservatives+in+the+House.%3C%2Fp%3E+%09%3Cp%3EThere+was+no+immediate+reaction+from+either+the+White+House+or+leaders+in+the+Senate%2C+which+adjourned+for+the+year+on+Saturday+shortly+after+approving+its+version+of+the+bill.%3C%2Fp%3E+%09%3Cp%3EThe+revolt+of+the+rank+and+file+placed+Boehner+and+Republicans+in+a+difficult+position%2C+just+as+it+appeared+they+had+outmaneuvered+Obama+by+assuring+that+the+legislation+would+require+him+to+make+a+swift+decision+on+construction+of+a+proposed+oil+pipeline.%3C%2Fp%3E+%09%3Cp%3EObama+had+announced+he+would+put+off+the+issue+until+after+the+presidential+election+in+2012+rather+than+decide+the+fate+of+a+project+that+divided+usual+Democratic+allies+_+environmentalists+opposed+and+several+labor+unions+in+favor.%3C%2Fp%3E+%09%3Cp%3EIn+a+television+interview+shortly+before+Boehner%27s+news+conference%2C+White+House+communications+director+Dan+Pfeiffer+accused+Boehner+of+reversing+his+position+on+the+two-month+measure+because+of+a+%22tea+party+revolt.%22%3C%2Fp%3E+%09%3Cp%3EBoehner%2C+R-Ohio%2C+said+he+had+not+changed+his+view+on+the+bill.%3C%2Fp%3E+%09%3Cp%3E%22I+raised+concerns+about+the+two-month+process+from+the+moment+I+heard+about+it%2C%22+he+said.%3C%2Fp%3E+%09%3Cp%3EHe+called+on+members+of+the+Senate+to+%22put+their+vacations+on+hold%22+and+return+to+forge+a+compromise.%3C%2Fp%3E+%09%3Cp%3EObama+has+said+repeatedly+that+Congress+should+not+quit+for+the+year+until+the+tax+cut+has+been+extended%2C+and+has+said+he+would+postpone+a+planned+Hawaiian+vacation+until+the+bill+is+finished.%3C%2Fp%3E+%09%3Cp%3EGOP+leaders+planned+House+votes+on+the+payroll+measure+for+Monday+evening.%3C%2Fp%3E+%09%3Cp%3EWithout+congressional+action%2C+the+payroll+tax+paid+by+160+million+workers+would+rise+2+percentage+points+on+Jan.+1+_+a+boost+that+Democrats+eagerly+said+would+be+the+GOP%27s+fault.+The+brinksmanship+is+a+familiar+pattern+this+year+between+the+two+parties%2C+who+have+narrowly+averted+a+federal+default+and+several+government+shutdowns+in+past+fights.%3C%2Fp%3E+%09%3Cp%3EExtending+the+payroll+tax+cut+and+jobless+benefits+have+been+a+keystone+of+Obama%27s+and+congressional+Democrats%27+effort+to+spur+a+revival+of+the+flaccid+economy.+Congressional+Republican+leaders+also+say+they+support+the+idea%2C+but+some+of+their+rank-and-file+remain+unconvinced%2C+saying+the+unemployment+coverage+is+too+generous+and+that+cutting+the+payroll+tax+does+not+create+jobs.%3C%2Fp%3E+%09%3Cp%3EThe+Senate+bill+would+cut+the+payroll+tax%2C+extend+jobless+benefits+and+avoid+cuts+in+Medicare+payments+to+doctors+through+February.+Both+sides+say+they+want+to+renew+all+three+for+a+full+year%2C+but+bargainers+have+so+far+failed+to+agree+on+how+to+pay+for+a+package+that+size%2C+which+could+cost+roughly+%24200+billion.%3C%2Fp%3E+%09%3Cp%3EThe+White+House%27s+Pfeiffer+said+there+was+still+an+opportunity+for+House+Republicans+to+avoid+triggering+a+tax+increase+and+for+the+chamber+to+pass+the+Senate-approved+two-month+extension.%3C%2Fp%3E+%09%3Cp%3E%22You+only+need+a+couple+dozen+Republicans+to+do+it%2C%22+Pfeiffer+said.+%22I+find+it+inconceivable+that+you+can%27t+get+a+couple+dozen+Republicans+to+vote+for+a+tax+cut+for+the+middle+class.%22%3C%2Fp%3E+%09%3Cp%3EAfter+Senate+Majority+Leader+Harry+Reid%2C+D-Nev.%2C+and+Minority+Leader+Mitch+McConnell%2C+R-Ky.%2C+struck+a+deal+on+their+two-month+bill+Friday+night%2C+McConnell+expressed+optimism+that+Congress+would+approve+it+and+lawmakers+would+revisit+the+battle+in+February.%3C%2Fp%3E+%09%3Cp%3EThey+expressed+their+views+a+day+after+House+GOP+lawmakers+on+a+conference+call+voiced+vehement+opposition+to+the+Senate+bill%2C+saying+it+lacked+serious+spending+cuts.+They+also+said+they+were+tired+of+their+leaders+striking+compromises+and+not+battling+harder+for+their+positions%2C+according+to+several+participants.%3C%2Fp%3E+%09%3Cp%3EBoehner+did+not+specify+the+changes+he+would+like+in+the+bill%2C+but+touted+%22reasonable+reductions+in+spending%22+and+language+blocking+some+Obama+administration+anti-pollution+rules+in+a+yearlong+payroll+tax+bill+the+House+approved+last+week.+That+bill+covered+its+costs+by+carving+savings+from+federal+workers%2C+higher-income+Medicare+recipients%2C+fees+paid+to+insure+mortgages+and+elsewhere.%3C%2Fp%3E+%09%3Cp%3EReid+and+Schumer+said+Sunday+that+Boehner+had+asked+McConnell+and+Reid+to+negotiate+a+compromise%2C+seemingly+suggesting+that+Boehner+had+walked+away+from+a+deal.+Republicans+said+that+is+untrue+and+said+the+House+GOP+played+no+role+in+last+week%27s+bargaining+between+the+Senate+leaders.%3C%2Fp%3E+%09%3Cp%3EMcConnell+offered+support+for+Boehner+Sunday.+His+spokesman%2C+Donald+Stewart%2C+said+the+best+way+to+%22provide+certainty+for+job+creators%2C+employees+and+the+long-term+unemployed+is+through+regular+order%22+_+a+term+used+to+describe+the+normal+process+of+negotiations+between+the+House+and+Senate.%3C%2Fp%3E+%09%3Cp%3EThe+Senate+bill+also+includes+a+provision+dear+to+Republicans+that+would+force+Obama+to+approve+a+proposed+Canada-to-Texas+oil+pipeline+within+60+days+unless+he+declares+the+project+would+damage+the+national+interest.%3C%2Fp%3E+%09%3Cp%3EObama+had+previously+said+he+would+make+no+decision+on+the+Keystone+XL+pipeline+until+2013%2C+allowing+him+to+wait+until+after+next+November%27s+elections+to+choose+between+two+Democratic+constituencies%3A+unions+favoring+the+project%27s+thousands+of+jobs+and+environmentalists+opposed+to+its+potential+pollution+and+massive+energy+use.+Obama+initially+threatened+to+kill+the+payroll+tax+bill+if+it+included+the+pipeline+language+but+eventually+retreated.%3C%2Fp%3E+%3Cp%3E%3Ca+href%3D%27http%3A%2F%2Fwww.stltoday.com%2Fnews%2Fscience%2Fboehner-house-will-reject–month-payroll-tax-cut%2Farticle_3b9464ff-f206-5a2f-94df-f3b798cbcc6e.html%27+rel%3D%27nofollow%27%3ESource%3C%2Fa%3E%3C%2Fp%3E+

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