Business

5:52am

Wed February 29, 2012
The Two-Way

UPDATED: Ex-Mine Security Chief Sentenced To Three Years

Originally published on Wed February 29, 2012 12:59 pm

(The top of this post was updated at 1:45 p.m. ET with news of the prison sentence, and at 3 p.m. ET with the U.S. Attorney's reaction.)

A federal judge in West Virginia has sentenced Hughie Stover to three years in prison. Stover is the former security chief of the Upper Big Branch mine, where 29 miners died in a massive explosion in 2010.

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1:31am

Wed February 29, 2012
Business

Identity Theft A Growing Concern For Businesses

Fake business listings and other forms of business identity theft are a growing concern, causing real business owners to worry about protecting reputations and losing customers.
Justin Sullivan Getty Images

You've heard of identity theft — someone using a person's credit information or a Social Security number for ill-gotten gains. Well, experts say similar crimes are also affecting businesses.

Business identity theft involves posing as a legitimate business in order to get access to credit lines or steal customers. Experts believe that the practice has become more prevalent in the past two years.

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1:25am

Wed February 29, 2012
Economy

Record Low Interest Rates Raise Inflation Concerns

The Federal Reserve plans to keep short-term interest rates near zero until 2014, and some critics are concerned about the risk of inflation and the message it sends about the economy.
Karen Bleier AFP/Getty Images

The goal of the Federal Reserve's low interest rate policy is to juice the economic recovery. The low rates should make it easier for people to borrow money, which they'll hopefully spend; the increased demand for goods and services is then supposed to translate into more hiring.

That's what the Fed is banking on. It hopes low interest rates will help with its mandate of achieving maximum employment, but it also has another mandate: to keep prices stable.

"In many cases, those two conflict," says economist Joe Gagnon of the Peterson Institute for International Economics.

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10:01pm

Tue February 28, 2012
All Tech Considered

Nailing Down The Appeal Of Pinterest

Originally published on Wed February 29, 2012 9:02 am

A visit to the Pinterest home page reveals images of what some say are stereotypically female interests, from women's fashions to recipes.
Pinterest

To the list of weird-sounding hybrid words of the digital age, like Googling and tweeting, we can now add "pinning." As in Pinterest. It's sort of an online scrapbook or bulletin board, and it's one of the fastest-growing websites in history.

Last month, more than 10 million unique visitors signed on to Pinterest. But some of them, like Billy Winburn, are still trying to get the hang of it. At an office in Alexandria, Va., Jennifer Folsom, who works a few desks away, is walking him through the process.

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5:30pm

Tue February 28, 2012
Business

Report: National Parks Good for Colorado Economy, Jobs

A new report from the National Park Service shows that visitors spent more than $306 million in and around Colorado’s national parks in 2010.

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