Bank class-action payouts being made
Bank of America will pay about $26-million to 7,200 NationsBank customers who wrongly thought they invested in federally insured securities.
Slumping Paradyne reduces managers
LARGO -- Struggling Paradyne Networks Inc. has cut about 20 upper-level management jobs in the face of gloomy earnings prospects for the year ahead.
New year brings Medicare HMO premium shock
Despite warnings of higher rates, many bay area seniors are still stung by the magnitude of the increases.
Business today
CONSTRUCTION SPENDING DROPS: U.S. construction spending fell in November, the first drop in four months, the Commerce Department reported. Spending fell 0.6 percent to an adjusted annual rate of $815.6-billion, as a decline in work on highways and home improvements offset gains for new housing. The report did suggest underlying strength, as spending on single-family homes increased for the first time in eight months.
Busch, SeaWorld tickets break $50
The two attractions are the first to charge adults more than $50 a day, but other theme parks may quickly follow.
Fed acts to head off recession
The Fed cuts interest rates by half a percentage point. The surprising move sends a strong message that boosts stocks.
