.....Advertisement.....
.....Advertisement.....

Business/Economy

  • Autio Names Interim Assistant Administrators

    Acting County Administrator Randy Autio just announced that he has filled some top vacancies at the county.

    Autio appointed Capital Projects and Facilities Department Director Anne Laurant and Chief Financial Officer Steve Lynne as acting assistant county administrators.

    Individuals within Laurant and Lynne's respective departments have been appointed in acting capacities to fill their positions, Autio said.

  • Dow has first close above 12,000 in 2 1/2 years

    NEW YORK (AP) — The Dow Jones industrial average has closed above 12,000 for the first time in 2 1/2 years — yet another promising sign that the economy may be extending its recovery from the recession.

    Another big stock market index, the Standard & Poor's 500, reached a milestone of its own Tuesday. It closed above 1,300.

  • Comcast takes control of NBC Universal

    LOS ANGELES (AP) — The nation's largest cable TV company, Comcast Corp., took control of NBC Universal after the government shackled its behavior in the coming years to protect online video services such as Netflix and Hulu.

    The deal closed shortly before midnight EST on Friday.

    The takeover gave the cable-hookup company 51 percent control of NBC Universal, which owns the nation's fourth-ranked broadcaster, NBC; the Universal Pictures movie studio and related theme parks; and a bevy of cable channels including Bravo, E! and USA.

  • Economy gains, but not enough to ease jobs crisis

    WASHINGTON (AP) — The economy gained strength at the end of last year as Americans spent at the fastest pace in four years and U.S. companies sold more overseas.

    The growth is boosting hopes for a stronger 2011. But it remains too weak to ease high unemployment.

    The Commerce Department reported Friday that growth rose by an annual rate of 3.2 percent in the October-December quarter. That's better than the 2.6 percent growth in the previous quarter. And it was the best quarterly showing since the start of last year.

  • Co-op Market: A Symbol For Economic Progress

    More than 700 households in Los Alamos and White Rock have invested financially in the soon-to-open Los Alamos Cooperative Market – a project that former County Administrator Tony Mortillaro calls “a symbol of economic development made more significant because it’s all funded through local investment.”
    As of Wednesday, the co-op has raised $1,018,610 from local member loans and local member investment certificates.

  • Social Security fund will be drained by 2037

    WASHINGTON (AP) — Social Security's finances are getting worse as the economy struggles to recover and millions of baby boomers stand at the brink of retirement.

    New congressional projections show Social Security running deficits every year until its trust funds are eventually drained in about 2037.

  • Google co-founder Page will be CEO in shake-up

    SAN FRANCISCO (AP) — Google Inc. co-founder Larry Page is taking over as CEO in an unexpected shake-up that upstaged the Internet search leader's fourth-quarter earnings.

    Page, 37, is reclaiming the top job from Eric Schmidt, who had been brought in as CEO a decade ago because Google's investors believed the company needed a more mature leader.

    Schmidt, 55, will remain an adviser to Page and Google's other co-founder, Sergey Brin, as Google's executive chairman.

    The changes will be effective April 4.

  • Fewer Americans applied for jobless aid last week

    WASHINGTON (AP) — Fewer people applied for unemployment benefits last week, adding to evidence that hiring will pick up this year.

    The Labor Department says the number of people seeking benefits fell by 37,000 to a seasonally adjusted 404,000 for the week ended Jan. 15.

    The decline suggested that an unexpected rise in applications a week earlier was the result of seasonal factors. Applications often rise in early January after retailers lay off temporary holiday workers.

  • 2010 ends as 2nd worst year for home construction

    WASHINGTON (AP) — Builders began work last year on the second fewest number of homes in more than half a century, as the weak economy kept people from buying houses.

    Builders broke ground on a total of 587,600 homes in 2010, just barely better than the 554,000 started in 2009. Those are the two worst years on records dating back to 1959.

  • Apple shares fall 2 pct with Jobs on medical leave

    Shares of Apple Inc. fell modestly Tuesday following the company's disclosure that Steve Jobs, the CEO who transformed the niche computer maker into the most-envied consumer-electronics brand today, is taking another medical leave of absence.