The central bank says conditions continued to improve, though not dramatically, in recent weeks. The report adds to other evidence that the economy is moving along fast enough to keep unemployment from rising, but not fast enough to bring the jobless rate down sharply.
The federal agency cited BP's "lack of business integrity" in dealing with the 2010 Gulf oil spill. The London-based oil giant agreed to plead guilty to criminal misconduct in the case and also agreed to pay a record $4 billion in penalties.
Though the pace dipped 0.3 percent from September to October, it was up 17.2 percent from September 2011. It's another sign that the housing sector is on the mend, though growth has been somewhat uneven.
David C. Hughart, former president of a Massey Energy subsidiary, is pleading guilty. The charges relate to a corporate culture that investigators say contributed to the nation's worst mine disaster in 40 years. Twenty nine miners died at one of Massey's West Virginia mines in a 2010 explosion.
The Monday after Thanksgiving is known as Cyber Monday because of all the online shopping deals that are offered up. And this year, online retailers had a field day. A survey by IBM of 500 online businesses found sales jumped 30 percent over last year, as millions of people went online to get their fix of holiday gadgets.
Hewlett Packard says it is doing an "intense internal investigation" into its disastrous acquisition of the British software company Autonomy. HP claims it was deceived by Autonomy about the health of the firm's finances. The deal is causing HP to take an $8.8 billion charge against earnings. Autonomy's former CEO has challenged HP to spell out any improprieties it's found.
Lithium battery sales have fallen dramatically in recent years, as people adopt more and more rechargeable devices. The decreasing need for the batteries has prompted Energizer to close three U.S. plants, including one in northern Vermont.
When you give to WAMU, your tax-deductible membership gift helps make possible award-winning programs such as Morning Edition, All Things Considered, The Diane Rehm Show, The Kojo Nnamdi Show, and other favorites.