Business

3:19pm

Mon February 20, 2012
All Tech Considered

Tech Pioneer Channels Hard Lessons Into Silicon Valley Success

Originally published on Tue October 16, 2012 2:31 pm

Nvidia Chief Executive Officer Jen-Hsun Huang co-founded the graphics chip maker in 1993.
Paul Sakuma AP

Modern computer games and their fast-paced graphics require an incredible amount of computing horsepower. So much, in fact, that the kinds of chips commonly used for gaming are now being built into some of the world's fastest supercomputers.

If you're a serious gamer, if realistic, detailed graphics get your pulse racing, you should write Jen-Hsun Huang a thank-you note.

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1:13pm

Mon February 20, 2012
Economy

With Business Up, Owners Say Banks Lending Again

Originally published on Tue February 21, 2012 9:26 am

A big reason for the slow recovery has been that the nation's battered banks haven't been able or willing to lend. There are signs that's changing and that bank lending is helping to support stronger growth.

Paul Kasriel, chief economist at Northern Trust, a Chicago-based bank, say his reading of Federal Reserve data has convinced him that banks have finally taken the baton from the Fed and are now making credit more available.

"We've seen a sharp increase in business loans on the books of banks," he says.

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10:01pm

Sun February 19, 2012
Business

Bondholders To Take A Hit In Greece Bailout Plan

European finance ministers are expected to vote on the latest $171 billion bailout package for Greece Monday. The package needs to be approved so Greece can make payments on bonds that come due a month from now. Even if the bailout is approved, it is likely to be only a temporary solution to Greece's troubles.

Across the Atlantic in New York, Hans Humes likes to ride his bike from his home in Brooklyn to his office at Greylock Capital Management in Manhattan. On a recent morning he showed up for our interview still carrying his bike helmet.

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3:25am

Sat February 18, 2012
Economy

'Made In The USA' Not Enough For Campaign Trail

Originally published on Sat February 18, 2012 1:17 pm

An employee welds a stainless steel tank at JV Northwest in Camby, Ore. U.S. factories have boosted output, and busier factories are helping drive the U.S. economy.
Rick Bowmer AP

Hourly workers at General Motors will soon be getting profit-sharing checks of up to $7,000 each after the automaker reported record earnings this week. President Obama may also get a political dividend, two and a half years after a government-engineered turnaround.

Obama reminded a group of United Auto Worker members this week that, back in 2009, his rescue of GM and Chrysler had plenty of critics.

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3:25pm

Fri February 17, 2012
The Two-Way

Postal Service Seeks 5 Cent Hike For First-Class Stamps

In a letter, the postmaster general told Congress, yesterday, that in order to mitigate losses the United States Postal Service needed to raise the price of stamps by as much as 5 cents.

That means stamps could cost 50 cents.

The New York Times reports that Patrick Donahoe also said that if it didn't raise postage prices and slow first-class mail by one day, the service could lose up to $18.2 billion a year by 2015.

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