The Consumer Financial Protection Bureau wants to expand its scope to include oversight over the credit bureaus and debt collectors. This would give the federal government an unprecedented view into increasingly powerful industries.
Rolled into the payroll tax cut bill is an extension of unemployment insurance benefits — but with some reductions in the number of weeks allowed. Under the deal, jobless workers in most states would claim 63 weeks of benefits — unless they live in states with high unemployment.
A New York City apartment recently changed hands for $88 million. It's a record for the New York market, and apparently the original asking-price for the property. The Central Park West penthouse belonged to former Citigroup chief Sanford Weill.
A lot of people in China want a smartphone, but that doesn't mean they want an iPhone. For the second straight quarter, Apple is losing out to cheaper Chinese brands as makers there launch phones with better features.
The Food and Drug Administration will take a second look at a weight-loss drug it rejected in 2010. The decision to review Qnexa comes as the agency is rethinking how it judges weight-loss drugs. Though obesity is at epidemic levels, the FDA hasn't approved any new weight-loss medicines since 1999.
A spike in metal prices and a shortage of miners is opening up new prospects for high school graduates. While many students finalize their college plans, some in Western towns are being recruited to head underground. Although mining pays better than typical entry-level positions, it is still dangerous work.
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