Economy & Business

Code Switch
1:55 am
Mon November 25, 2013

Hollywood's New Strategy: Supporting Chinese-Made Blockbusters

Hollywood's version of Iron Man 3 shown in China played down the rather unfortunately named baddie, The Mandarin, played by Ben Kingsley.
Marvel

Originally published on Mon November 25, 2013 12:11 pm

Read more
Middle East
1:52 am
Mon November 25, 2013

Crippled By Sanctions, Iran's Economy Key In Nuclear Deal

A man pushes his cart loaded with fuel containers in Tehran, Iran. Sanctions on Iran's oil have put a serious dent in the country's economy, pushing up the inflation rate to 40 percent.
Vahid Salemi AP

Originally published on Mon November 25, 2013 12:11 pm

Some of the sanctions against Iran will be eased under an agreement reached between Iran and six world powers over the weekend. In return, Iran promises to temporarily curb part of its nuclear program.

There's widespread agreement that sanctions have worked, squeezing Iran financially and bringing its leaders to the negotiating table. Iran's economy is, by any measure, in terrible shape.

Read more
Business
4:52 pm
Sun November 24, 2013

Reviving Las Vegas With Less Sin, More City

Originally published on Mon November 25, 2013 6:38 am

In Nevada, there is no income tax. And if you've ever been to Las Vegas then you know why — they don't need one.

More than 30 million tourists a year stumble down the Las Vegas Strip, and many of those tourists come to gamble, leaving behind a ridiculous amount of money. For decades, business boomed.

Read more
Economy
1:09 pm
Sun November 24, 2013

Many Americans Will Be Giving Thanks For Lower Prices

Gas prices are down compared with last year, but slumping consumer confidence could dampen Thanksgiving holiday travel.
Julio Cortez AP

Originally published on Mon November 25, 2013 12:11 pm

When Americans drive to their Thanksgiving gatherings this week, they will have one more blessing to count: lower costs.

Gasoline is cheaper than last year. Turkey prices are down, too. And retailers are joining in, offering big discounts on TVs and other goods.

For people who watch every penny, this Thanksgiving will be a good time for pinching.

Read more
Business
4:51 pm
Sat November 23, 2013

What Have Mortgage Settlements Done For Homeowners Lately?

JPMorgan Chase & Co. agreed to a $13 billion settlement over faulty mortgage securities with the Justice Department on Tuesday, though it did not admit any wrongdoing.
Emmanuel Dunand AFP/Getty Images

Originally published on Sun November 24, 2013 1:51 pm

This week, JPMorgan Chase agreed to a $13 billion settlement with the Justice Department over the sale of faulty mortgage securities that led to the financial crisis. It's the largest settlement with a single company in U.S. history.

From that settlement, $4 billion must go to help the millions of families who saw the values of their homes plummet and who still struggle to keep up with mortgage payments.

Read more

Pages