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WASHINGTON - Sen. Maria Cantwell wants to use state gambling laws to regulate parts of Wall Street, saying someone needs to police financial markets where "casino capitalism" involving highly speculative trades she likens to sophisticated betting continue unabated and threaten to create yet another financial crisis.
The latest business news, quotes, and market information.
A proposal to impose a first-of-its-kind 1 percent tuition tax on Pittsburgh's 65,000 college students brought more than 150 to council Monday to assail what is being promoted as the only way to generate revenue in an almost...
Grocery and liquor wholesaler Metcash says half year net profit rose 36.5 per cent, as the company reaffirmed its full year guidance of seven to 10 per cent.
The stock market ended November with its best monthly performance since the summer -- even as investors worried about the strength of the holiday shopping season.
Turns out those discredited rumors of a possible Chelsea Clinton wedding last summer were mostly just premature: The 29-year old daughter of former President Bill Clinton and Secretary of State Hillary Rodham Clinton has become engaged to her longtime boyfriend, 31-year old investment banker Marc Mezvinsky.
Riven by partisanship, the Senate plunged into a widely anticipated debate Monday over sweeping health care legislation that President Barack Obama and congressional Democrats have vowed to approve and Republicans have sworn to block.
Dec. 1 (Bloomberg) -- Australia’s central bank will raise its benchmark interest rate by a quarter percentage point today for a record third straight month as evidence mounts that the nation’s economy is strengthening, economists say.
Detroit Mayor Dave Bing will meet with with state lawmakers in Lansing Tuesday to discuss regional cooperation and the city's financial crisis.
It is the largest generation the U.S. has ever seen and now the baby boomers are headed for retirement. Now, a new report says the exodus could strain the national economy. Our Tamara Lindstrom tells us how.
Michigan Democrats are promoting proposals they say would make auto insurance more affordable and strengthen consumer protections in the state.
New Mexico's public investment funds gained almost $3 billion during the last quarter as financial markets rallied, but they still haven't recovered from losses suffered over the past two years.
A proposal to impose a first-of-its-kind 1 percent tuition tax on Pittsburgh's 65,000 college students brought more than 150 to council Monday to assail what is being promoted as the only way to generate revenue in an almost bankrupt city.
New Mexico's public investment funds gained almost $3 billion during the last quarter as financial markets rallied, but they still haven't recovered from losses suffered over the past two years.
Construction spending likely fell in October as a surge in housing activity slowed and nonresidential construction remained in the doldrums.
TORONTO (Reuters) - Toronto's main stock index closed lower on Monday as the impact of lower gold prices more than offset a rally by bank shares ahead of bank financial reports set to be released later this week.
Michigan Democrats are promoting proposals they say would make auto insurance more affordable and strengthen consumer protections in the state.
