NFL players find second careers as entrepreneurs
NEW YORK (AP) — Many pro football players would like to start their own businesses after they leave the field, and now they can seek help from programs specifically designed to help retired athletes navigate the obstacles of entrepreneurship.
For some, building a business is a lifestyle choice. They want to keep working.
Others need to earn a living. Although the minimum NFL salary this year is $420,000, many players don't make the big money for very long.
European Central Bank stimulus faces hurdles compared to Fed
Markets are waiting to see just how much financial firepower the European Central Bank will unleash Thursday, when it is expected to announce large-scale purchases of government bonds with newly printed money to stimulate a sluggish economy.
The decision to use bond purchases, or so-called quantitative easing, follows in the footsteps of the U.S. Federal Reserve — as well as the Bank of England and the Bank of Japan.
Europe could definitely use a push, with weak growth is weak, high unemployment and fears of deflation,
Bond purchases would fight that by pumping new money into the economy, raising inflation and making credit cheaper and easier to get. The euro would fall, boosting exports.
Low gas prices, incentives change math for electric cars
DETROIT (AP) — Drivers trying to calculate whether it's practical to own an electric car are facing a new math.
U.S. gas prices have fallen more than $1 per gallon over the last 12 months, to a national average of $2.06, according to AAA. That makes electric cars — with their higher prices tags — a tougher sell.
Automakers have responded by slashing thousands of dollars off the sticker price of electrics. That's likely to continue.
New govt standards target pathogens in poultry products
WASHINGTON (AP) — A favorite staple of American diets — chicken — could become safer to eat.
Standards proposed Wednesday by the Agriculture Department aim to reduce rates of salmonella and campylobacter, another pathogen that can cause symptoms similar to salmonella, in chicken parts, ground chicken and ground turkey.
The standards would be voluntary but designed to pressure companies to take steps to reduce contamination.
USDA says the proposed standards could reduce raw poultry-related foodborne illnesses by about a quarter, or 50,000 illnesses a year.
S&P settles with SEC, 2 states over misconduct charges
NEW YORK (AP) — Standard & Poor's agreed on Wednesday to pay the U.S. government and two states more than $77 million to settle charges tied to its ratings of mortgage-backed securities.
In its first enforcement action against a major rating agency, the Securities and Exchange Commission accused S&P of fraudulent misconduct, saying the company loosened standards to drum up business in recent years.
S&P said in a statement that it did not admit or deny any of the charges.
US home construction up 4.4 percent in December
WASHINGTON (AP) — Construction of new homes rebounded in December, helping to push activity for the entire year to the highest level since the peak of the housing boom nine years ago.
Builders started construction at a seasonally adjusted annual rate of 1.09 million in December, an increase of 4.4 percent from November when unusually severe weather pushed activity down 4.5 percent, the Commerce Department reported Wednesday.
For all of 2014, builders started construction on 1.01 million new homes and apartments, an increase of 8.8 percent from 2013.