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Tag Archives: business news

Builders boost September spending 0.6 percent

WASHINGTON — U.S. builders spent more on home construction in September, a gain that helped offset weakness in nonresidential building and government projects. Construction spending grew 0.6 percent compared to August when spending had fallen 0.1 percent, the Commerce Department ...

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Storm’s cost may hit $50B; rebuilding to ease blow

WASHINGTON — Superstorm Sandy will end up causing about $20 billion in property damages and $10 billion to $30 billion more in lost business, according to IHS Global Insight, a forecasting firm. In the long run, the devastation the storm ...

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Penguin, Random House announce merger

LONDON — Two of the world’s biggest publishing houses are to link up in a deal that will bring the writings of classics like George Orwell’s ‘1984’ and this year’s literary phenomenon ‘Fifty Shades of Grey’ under one umbrella. Confirmation ...

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Coventry Health 3Q profit falls 14 pct, costs rise

BETHESDA — Coventry Health Care Inc.’s third-quarter net income dropped 14 percent, as the health insurer’s medical costs and other expenses outweighed revenue gains from an expansion of its Medicaid business. The Bethesda-based company earned $105.3 million, or 78 cents ...

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