March 28, 2013 |
Divorce can hurt the pocketbook in ways that some people don't expect. Lost income, child support, spousal support all hurt. But there are other ways that divorce affects finances, said Samantha Fraelich, vice president of Bernard R. Wolfe & Associates, a Chevy Chase, Md., wealth management firm. Here are five of them: Legal expenses: Be prepared to spend thousands of dollars on legal expenses, even if the divorce is amicable. If it's contested, expect to spend much more.
March 28, 2013 |
NEW YORK -- The broad Standard & Poor's 500 index broke a half-decade-old record, another sign of stocks' continuing rally this year. The S&P 500 added 6.34 points, or 0.41%, to 1,569.19 Thursday, the last trading day of the first quarter. The S&P 500 fell short of its all-time intra-day high of 1,576.09, however. The index reached its previous all-time closing of 1,565.15 on Oct. 9, 2007, only weeks before the Great Recession officially began. The next year's financial crisis led the stock market to its low in March 2009.
December 9, 2011 |
The National Labor Relations Board dropped its much-disparaged action against Boeing Co. on Friday, a move praised by Republicans as overdue but one that deprives the GOP of one of its most reliable talking points in its criticism of the Obama administration. The NLRB filed a complaint against Boeing in March accusing the aerospace company of establishing a nonunion production line in South Carolina in retaliation against union workers in Washington state for past strikes. The machinists union entered into a new four-year contract extension with Boeing earlier this week and, as part of the deal, agreed to withdraw its unfair labor practices charge against the company.
November 7, 2012 |
The number of flights canceled in preparation of the latest storm to hit the East Coast has jumped to more than 1,800. Meteorologists say the nor'easter storm bearing down on the East Coast won't be as damaging as Supertorm Sandy, which hit the region last week. But the latest storm will cut through the busiest airspace in the nation, primarily canceling flights in and out of Newark Liberty International in New Jersey, La Guardia and John F. Kennedy International in New York and Philadelphia International and Chicago's O'Hare International airports, according to the flight monitoring site Flightstats.com.
March 15, 2013 |
Industrial production in the U.S. rebounded last month, rising 0.7% -- the most in three months -- with auto manufacturing leading the way, the Federal Reserve said Friday. Manufacturing output also rose in February, increasing by 0.8%. Last month's manufacturing output stands 2% higher compared with the same period a year earlier. "Growth has clearly picked up," Jim O'Sullivan, chief U.S. economist at High Frequency Economics, said in a note to clients. "This is another positive sign" for the economy in the January-March quarter.
January 15, 2013 |
BEIJING -- Japan Airlines said it suspended operations of its Boeing 787 Dreamliner fleet Wednesday following the emergency landing of the same aircraft by rival All Nippon Airways Co. earlier in the day. "Japan Airlines operates every flight upon confirming that all safety standards have been met," the company said in a statement. "In view of the incident encountered by another airline involving the 787-8 aircraft today, Japan Airlines has decided to cancel the operations of its 787-8 aircraft scheduled for flights today to ensure safety.
September 13, 2010 |
It was supposed to be a cheap and easy way to steal sales from Airbus' hulking A380 double-decker jet. Boeing Co. would update its decades-old 747 jumbo for the large freighter market with cutting-edge technology borrowed from the 787 Dreamliner: powerful, new fuel-efficient engines. But five years later, Boeing is struggling to resolve design and technical issues with the 747-8 program that are partially a byproduct of the Dreamliner's production woes. Like the 787, the jumbo jet is late, badly over budget and is almost certainly headed for another costly delay, analysts said.
June 15, 2011
The National Labor Relations Board accused Boeing earlier this year of illegally retaliating against unionized workers by expanding its facilities in a largely nonunion state, South Carolina. Republicans joined much of corporate America in denouncing the board's complaint, calling it a barely disguised attack on state "right to work" laws that make it harder for unions to organize. The questions raised by the board are legitimate ones. The problem is the remedy it has proposed, which would have the perverse effect of confining Boeing's growth to its home region.
November 9, 2012 |
If you hate crowds, stay clear of Chicago's O'Hare International or Los Angeles International airports for Thanksgiving. For the third straight year, O'Hare and LAX were the nation's two busiest airports, according to booking data by the travel website Orbitz.com. Last year, LAX was ranked the busiest, with O'Hare coming in second, according to Orbitz. The two airports switched places in the ranking this year, with San Francisco International Airport coming in third, the website said.
February 17, 2012 |
If lawmakers thought passing a tax cut deal would give them a reprieve from the president's Congress bashing, they were sorely mistaken. Speaking at a Boeing factory in Everett, Wash., President Obama gave Congress a backhanded compliment shortly after lawmakers passed a yearlong extension of the payroll tax cut, unemployment insurance benefits and other measures the president has called key pieces of his jobs legislation. “This is a big deal,” Obama told a group of Boeing workers shortly after the plan was passed.