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Economy

Risk of foreclosure dips, but remains elevated

NEW YORK CITY — Fewer Americans fell behind on their mortgage payments in the final three months of last year, but foreclosures are still rising. The Mortgage Bankers Association says 8.2 percent of homeowners missed at least one mortgage payment ...

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Are jobless being excluded from hiring?

WASHINGTON, D.C. — Are companies saying no to jobless applicants when there are job openings? After news accounts about the practice and requests from concerned lawmakers, the Equal Employment Opportunity Commission has jumped in ...

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Borders files for Ch. 11 bankruptcy protection

NEW YORK CITY — Bookseller Borders, which helped pioneer superstores that put countless mom-and-pop bookshops out of business, filed for bankruptcy protection Wednesday, sunk by crushing debt and sluggishness in adapting to a rapidly changing industry.

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Pricey jet engine tests budget cutters’ resolve

WASHINGTON, D.C. — A showdown looming, Defense Secretary Robert Gates urged Congress to cancel a costly alternative engine for the Pentagon's next-generation fighter jet Wednesday and vowed to explore "all available legal options" to stop production if lawmakers won't.

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Volunteer attorneys honored

The New York State Bar Association confirmed that 11 Rochester attorneys qualified for the 2010 Empire State Counsel Program by volunteering through Volunteer Legal Services Project of Monroe County Inc.

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Delta, American boost some air fares by up to $120

DALLAS — Delta and American are raising the price of some tickets favored by business travelers up to $120 per round trip. Fare experts said Delta started the increase on Monday and was matched by American.

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NY business groups pushing for property tax cap

ALBANY — New York Gov. Andrew Cuomo's new system for trying to attract jobs upstate and his plan to cap the growth of some of the nation's highest property taxes face their first challenge Monday by legislators in a budget hearing.

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