Thursday, October 25, 2012

Your 12 hourly digest for Business News, Financial News, Business Headlines & Analysis - The Washington Post

Business News, Financial News, Business Headlines & Analysis - The Washington Post
The source for business news and analysis. Covering economic policy, business policy, financial news, economic issues, stock market data, local business, technology and more.
Cost of mining coal continues to climb
Oct 25th 2012, 10:30

It's become common to blame the flagging fortunes of coal mining companies on low natural gas prices that have convinced many U.S. utilities and industries to slash their use of coal.

But there's another reason for the woes of mining firms: The cost of mining coal has been going up.

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Obama says he'll renew pursuit of 'grand bargain,' offering specifics on agenda
Oct 24th 2012, 23:54

President Obama, criticized as failing to offer a vision for a potential second term, has begun sketching out his agenda with greater specificity in recent days, including a pledge to solve the nation's in­trac­table budget problems within "the first six months."

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CNN's D.C. headquarters sells for $106 million
Oct 24th 2012, 22:02

A $106 million deal for CNN's 11-story Washington headquarters, on First Street NE, closed Tuesday night.

The broadcasting giant's new landlord is Harbor Group International, a private real estate investment and management firm based in Norfolk.

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Facebook's progress on mobile encourages investors
Oct 24th 2012, 21:20

Facebook stock closed way up Wednesday as optimistic investors reacted to Facebook's better-than-expected earnings report.

After spending a lot of time below $20, Facebook stock closed nearly 20 percent up at a share price of $23.23 on news that the company was making more money than expected off mobile advertising. The company posted a net loss of $59 million on $1.26 billion in revenue.

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