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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.

Wonkbook: The House GOP's peculiar retreat Jan 18th 2013, 13:15 Welcome to Wonkbook, Ezra Klein and Evan Soltas's morning policy news primer. To subscribe by e-mail, click here. Send comments, criticism, or ideas to Wonkbook at Gmail dot com. To read more by Ezra and his team, go to Wonkblog. Read full article >> Venture capital investments down in 2012 as election, 'cliff' uncertainty take hold Jan 18th 2013, 12:01 Venture capital investments nationwide took a tumble last year as economic uncertainty created by the presidential election and contentious "fiscal cliff" negotiations caused some financiers to hold onto their checkbooks. Read full article >> Algerian hostage crisis prompts international oil companies to evacuate workers Jan 18th 2013, 03:03 Norway's Statoil, London-based oil giant BP and Spain's Cepsa started evacuating workers and their families from Algeria on Thursday in the wake of an attack by Algerian troops on ­hostage-takers at an isolated natural gas facility in what might turn out to be one of the most lethal incidents in the history of the industry. Read full article >> Mortgages bolster earnings for big banks Jan 18th 2013, 01:39 The nation's largest banks made a killing in the mortgage business last year. Earnings released in the past several days show mortgage activity accounting for about 15 percent of the profits at Wells Fargo. JPMorgan Chase, meanwhile, reported $418 million in profit from its mortgage banking business, compared with a loss of $269 million a year earlier. Even Bank of America, which has been retreating from the mortgage market, posted a 41 percent spike in loan originations in the fourth quarter, to $22 billion. Read full article >> Model plane hobbyists know the risks of lithium-ion batteries Jan 18th 2013, 01:25 A scale model of a Reaper drone rumbled down the runway and lifted into the gray Canadian sky, powered by a plastic propeller and a lithium-ion battery. When the tiny plane crashed back to earth a few seconds later, white smoke began rising from the wreckage. Read full article >>

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