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Auto steelmaker will not get DOE loan

The Obama administration on Friday opted against closing a loan of up to $730 million for steelmaker Severstal North America, whose financing bid to expand a plant for auto steel production drew the attention of congressional investigators looking at Energy Department loan programs.

Virginia Wine Tourism to Boom in 2012

Virginia Wine
Virginia is the Old Dominion and the Mother of Presidents - a state known for its historic battlefields, rolling hills, and politically-minded Washington commuters. But in the last two decades, the state has grown a reputation for something altogether different: fine wine.
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Virginia Beach, VA

Top 10 Best-Run Cities in U.S.

The determining factors for the best-governed cities include access to jobs, crime rate, poverty rate and the percentage of high school graduate population.
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Michael Phelps Splits With Nicole Johnson

Michael Phelps has reportedly split with his longtime girlfriend Nicole Johnson. According to reports the couple split a few weeks ago right before the holiday season.
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Madoff trustee sues California attorney general

The Bernard Madoff bankruptcy trustee has sued California Attorney General Kamala Harris to stop her alleged interference with his efforts to recover money for the swindler's former customers.
A flyer advertising holiday job listings is seen at the North Metro Department of Labor Career Center in Atlanta

U.S. Jobless Claims Fall 15,000 to 372,000

New claims for unemployment benefits fell by 15,000 last week in the latest sign the labor market was improving and could help the country resist the effects of a likely Eurozone recession.
Liz Claiborne Changes Name to Focus More on Lucrative Brands

Liz Claiborne Changes Name to Focus on Lucrative Brands

New York-based fashion house Liz Claiborne Inc. has announced its decision to change the organization's name to Fifth & Pacific companies, to ensure closer ties on the three in-house lucrative lifestyle brands - kate spade, Juicy Couture and Lucky Brand.
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Blackstone Reaches Big Fundraising Finish Line

Blackstone Group LP will conclude fundraising for its latest buyout fund in January, raising just over $16 billion, three people familiar with the matter said on Wednesday, in a 4-year process challenged by the global financial crisis.

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