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.

Corporate America begins to assess Sandy's economic impact Nov 1st 2012, 00:25 Images of Hurricane Sandy's aftermath in Atlantic City, with its battered buildings and flooded streets, leave the impression that the city was all but destroyed. But the slot machines and poker tables inside the city's fabled casinos might be up and running again as soon as this week. Read full article >> Shell's Alaska drilling season falls short Oct 31st 2012, 23:35 Shell completed its drilling season off the Arctic coast of Alaska Wednesday, falling short of its original goal of drilling as many as six exploration wells. The company said it drilled the top portions of two wells, the Burger-A well in the Chukchi Sea and the Sivulliq well in the Beaufort Sea, without attempting to penetrate deeper reservoirs that could hold oil. The company said that the work would "go a long way in positioning Shell for another successful drilling program in 2013." Read full article >> In Ohio, Romney's ads against auto bailout make pitch to the decideds Oct 31st 2012, 22:43 PERRYSBURG, Ohio — For more than 35 years, Earl Danforth worked as a tool engineer at a GM plant in Toledo, the kind of plant the Obama administration's auto bailout is supposed to have rescued. But Danforth may be the exactly the kind of voter targeted by a controversial anti-auto-bailout ad from Mitt Romney running on radio and television in the northwest corner of this battleground state. Read full article >> Netflix shares jump, Apple and Facebook fall in Wednesday trading Oct 31st 2012, 20:14 Netflix shares jumped sharply in afternoon trading Wednesday on word that billionaire investor Carl Icahn's group, Icahn Capital, has bought a 9.98 percent stake in the company. It was the first day of trading on the New York Stock Exchange since the markets were closed Monday and Tuesday after New York City took a direct hit from mega-storm Sandy. Read full article >> What Obama and Romney's budgets would do to the economy Oct 31st 2012, 19:41 What would actually happen to the U.S. economy if President Obama and Mitt Romney had their way with the budget? IHS Global Insight, a financial analysis firm, ran a simulation to figure it out. Their main findings: Both candidates' budget plans would put economic growth at risk in the near term, but weak growth would continue longer under Romney because of the dramatic cuts that he wants to government spending.  Read full article >> Which kids will steal your Halloween candy? There's a study for that. Oct 31st 2012, 19:38 They're a staple of trick-or-treating: Bowls of candy left outside a house with an instruction to take one piece of candy. But can they possibly work? Turns out, they can — and psychologists have the research to prove it. Read full article >> What do top hospitals have in common? Not as much as you think. Oct 31st 2012, 18:29 Johns Hopkins Hospital in Baltimore and Mt. Sinai Hospital in New York are among the nation's elite hospitals. But when it comes to how they practice medicine, the doctors at the two institutions are very, very different. Read full article >> The Senate may not get more Democratic, but it could get a lot more liberal Oct 31st 2012, 18:20 Most analysts expect Democrats to maintain their current edge in the Senate after Tuesday's election, plus or minus a few seats. But that doesn't mean that the body won't change considerably. Thanks to retirements and primary defeats, the ideological composition of both parties could change considerably. Wisconsin's Herb Kohl (D) will likely be replaced with the much more liberal Tammy Baldwin (D), Indiana's Richard Lugar (R) was beaten by the more conservative Richard Mourdock (R) in the primary, and so forth. Read full article >> How the shale gas boom makes some Pennsylvanians richer — and some poorer Oct 31st 2012, 17:28 In recent years, states like Pennsylvania have seen a massive natural gas boom as improved drilling techniques have allowed companies to extract natural gas from shale rock in the Marcellus. The boom has helped drive U.S. natural gas prices down to stunningly low levels and has upended the country's energy sector. But how does it affect the people living in those regions? Read full article >> Nate Silver and the forecasting consensus, in one chart Oct 31st 2012, 16:59 I'll let Brendan Nyhan describe his chart: "These charts below, for instance, present the estimated probabilities of an Obama victory and current Electoral College forecasts (where available) from the political scientists Jay DeSart and Tom Holbrook, Stanford's Simon Jackman, Emory's Drew Linzer, Silver, Princeton's Sam Wang, the British sports book Betfair, and the Intrade futures market (here and here). Read full article >> Green Party presidential candidate Jill Stein charged with trespassing in Keystone XL protest Oct 31st 2012, 16:24 Green Party presidential candidate Jill Stein was arrested Wednesday morning in east Texas while attempting to bring food and Halloween candy to protesters camping out in trees to oppose the Keystone XL pipeline, according to anti-pipeline activists. Read full article >> Barnes & Noble closing in Union Station at end of year Oct 31st 2012, 15:44 This post has been updated to reflect that the former book store on 14th Street was a Borders, not a Barnes & Noble. Barnes & Noble plans to close its doors in Union Station Dec. 31, joining the list of other Washington-area book stores that have closed amid a rocky economy and sliding book sales. Read full article >> Rising real estate prices in Germany spark fears of a bubble Oct 31st 2012, 15:16 BERLIN — First, America's real estate bubble popped. Then came Ireland's, then Spain's. All that escaping air may have been flowing into Germany, where economists are warning that the first signs of a property bubble may be starting to appear. Read full article >> Why Hurricane Katrina should make us optimistic about economic impact of Sandy Oct 31st 2012, 14:12 The storm bore down on one of the nation's busiest ports, cutting off power, destroying buildings, ruining equipment and potentially blocking the flow of goods around the nation and even the world. Surely, the damage would be severe and lasting. Read full article >> Sandy costs some small businesses, but creates opportunity for others Oct 31st 2012, 09:00 Few small business owners went untouched by Monday's superstorm — for some, it cost valuable business, but for others, it brought a surge in customers. Here's how some Washington area small business owners fared during Sandy: Read full article >>

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