Fireworks for the dollar

It’s appropriate, as we head into a long holiday weekend to celebrate America’s independence, that the dollar rallied a bit Thursday.
One reason for the slight bounce in the greenback was that the employment report for June was not as bad as some feared it would be. While it’s certainly hard to celebrate a loss […]

Wal-Mart to pay $6.5M in labor case

A judge has ruled against Wal-Mart in a class-action lawsuit, saying the discount retailer violated state labor laws more than 2 million times, including cutting worker break time and "willfully" allowing employees to work off the clock.
Dakota County Judge Robert King Jr. on Monday ordered Wal-Mart Stores Inc. to pay $6.5 million in compensatory […]

Lingle signs 3 renewable energy bills

Gov. Linda Lingle signed three bills into law Tuesday to increase renewable energy and reduce Hawaii's dependence on oil.
Two of the bills will provide renewable energy project developers with assistance with the permitting process and the third bill will allow the state Department of Agriculture to offer a new class of loans […]

Central Banks Told to Worry About Inflation Now

The world's central banks should raise interest rates even as economic growth slows because taming inflation is the more immediate problem, the Bank for International Settlements said.
“Inflation is actually rising, while significantly slower growth remains only a possibility in many parts of the world,'' the BIS, the bank for central banks, said in […]