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Stocks Close Near Even As New York Braces For Blizzard

Posted On January 26, 2015

(New York, NY) -- Stocks are closing near even at the closing bell on Wall Street. Investors appear to be playing it safe ahead of a planned two-day meeting of the Federal Open Market Committee. So far, the major exchanges are saying they'll remain open tomorrow despite the storm that's expected to dump several inches…

New Forecast Sees Continued Shrinking Deficit

Posted On January 26, 2015

(Washington, DC) -- A new forecast from the nonpartisan Congressional Budget Office sees continued shrinkage of the federal deficit.   CBO Director Douglas Elmendorf said that would be the lowest deficit of President Obama's tenure. He attributes the decline to stronger economic growth and reduced government spending. The 2014 deficit was roughly 483-billion dollars. The…

Ford Launches Research And Innovation Facility

Posted On January 26, 2015

(Palo Alto, CA) -- We've all heard of research and development, but Ford Motor Company is now shifting its focus to research and innovation. Ford spokesman Ken Washington says that R & D follows innovation.   Last week Ford took the wraps off a one-of-a-kind Research and Innovation Center in Palo Alto, California. Washington says…

Survey: American Workers Should See More Pay

Posted On January 26, 2015

(Undated) -- An improving economy may soon have American workers seeing fatter paychecks. That's according to a recent survey of business economists who say the falling price of oil and raw materials will lead to higher profits for most U.S. companies. The National Association for Business Economics says that combined with a stronger job market…

Mattel CEO Resigns As Company Struggles

Posted On January 26, 2015

(Undated) -- The CEO of Mattel is stepping down following disappointing holiday sales. The toy maker's CEO Bryan Stockton abruptly resigned today, with board member Christopher Sinclair taking over for now. Mattel suffered from a disastrous holiday quarter despite efforts to revive the creative culture at the world's largest toy company. The company's profit during…