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Economy

The federal budget: What lawyers need to know

President Barack Obama released his budget requests for fiscal 2012 on Feb. 14, seeking $3.73 trillion in total spending and claiming $1.1 trillion in spending cuts over the next ten years. Within the 216-page document are numerous items for lawyers to keep an eye on as the budget works its way through Congress.

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GM posts 4Q net profit as comeback continues

DETROIT — In an impressive comeback from bankruptcy, General Motors last year posted its first annual profit since 2004, putting the company on pace to repay more of the taxpayer bailout and even recapture the title of No. 1 global automaker this year.

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Wegmans freezes prices on 40 products

Wegmans Food Markets has announced that it won't raise prices on more than three dozen staple products. The Rochester-based supermarket chain announced Tuesday that it will freeze the prices on 40 products, including fruit, vegetables, ground beef ...

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Does the economy impact discrimination cases?

In 2010, the U.S. Equal Employment Opportunity Commission reported more workplace discrimination cases than ever before. The figures aren’t surprising, given the mass layoffs and company downsizing in recent years.

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Consumer Confidence Index hits 3-year high

NEW YORK CITY — The Consumer Confidence Index rose in February to its highest point in three years as Americans are feeling more optimistic about their income prospects and the direction the economy is headed.

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Barnes & Noble 3Q net income falls

NEW YORK CITY — Book seller Barnes & Noble's third-quarter revenue rose, but its net income fell 25 despite higher revenue as it continued to invest in its online operations and Nook e-readers, the company said Tuesday.

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Adviser gets prison in pension fund scheme

NEW YORK CITY — A former top political consultant to New York's disgraced ex-comptroller was led off to prison Thursday after a judge sentenced him to at least a year and four months behind bars for his pivotal role in an influence-peddling scandal involving the state pension fund.

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