Tim Devaney
Articles by Tim Devaney
SunTrust CEO: Washington’s ‘recession-proof’ status in jeopardy
Banking regulations have swung too far toward the extreme since the Wall Street meltdown in 2008, which is preventing the economy from moving forward, says the head of a Washington bank. Published June 5, 2012
Seniors connecting with Internet technology
It's the ultimate challenge in Internet dating - getting senior citizens hooked up with the Web. Connected Living is one company trying to teach seniors, many with limited Internet experience, how to log on, use social media and connect to families and the outside world. Published June 4, 2012
Former car czar Rattner defends Obama economy
A former Obama administration official admitted Sunday the president is creating jobs at an "unacceptably low rate." Published June 3, 2012
Colombia woos U.S. for wireless push
With a major free-trade deal with Washington now in effect, Colombia is looking for American companies to help make Internet service available throughout the developing nation. Published May 31, 2012
Consumer Confidence Index falls in May
The nation's leading indicator of consumer confidence took an unexpected tumble in May. Published May 29, 2012
Chinese ‘looking for opportunities’ in U.S.
The world's most populous country is in the midst of a wave of purchases and investments in American companies. The influx of Chinese capital is welcomed by some economists, while others fear the increasing influence of the rising superpower. Published May 28, 2012
Gas prices decline for holiday weekend
As Memorial Day weekend marks the start of the summer driving season, consumers are seeing a significant decline in gas prices — a reprieve from the sky-high pump prices that analysts feared. Published May 23, 2012
Opponents claim Keystone would boost gas prices
TransCanada's proposed $7.6 billion Keystone XL pipeline, a massive project that would transport Canadian oil to Texas refineries on the Gulf Coast, has been pitched as a way to lower domestic gas prices. But a coalition of environmental groups on Tuesday produced a new study claiming the pipeline would have the opposite effect. Published May 22, 2012
Regulation seen as a drag on business
The head of the nation's largest business lobby on Monday said the Obama administration's heavy regulatory hand was "making it difficult" for the business community. Published May 21, 2012
Facebook jumps, slumps on first day of trading
Facebook investors gave the stock a resounding thumbs down on the first day of trading. Published May 18, 2012
Leader of U.S. aviation group slams ‘flawed’ EU emissions scheme
The head of a top American aviation group on Thursday called the European Union's controversial Emissions Trading Scheme "wrong-headed" and "do-gooderism." Published May 17, 2012
Investor Buffett to ‘rule’ 63 newspapers
To hear the Sage of Omaha tell it, newspapers may not be dead after all. Published May 17, 2012
Tougher standards sought for ‘Made in America’ label
U.S. consumers may be surprised to learn many products bearing the label "Made in America" are largely built outside of the United States. The practice exploits a little-known loophole in the product-label system that one California businessman says he is determined to expose. Published May 16, 2012
NLRB mulls reviving speedy union-vote rule
The National Labor Relations Board said it is studying its options on how to "move forward" after a court struck down the agency's controversial rule to speed up union-representation elections earlier this week, because of what unions are calling a technicality. Published May 15, 2012
Obama pushes tourism as job-creator
As part of National Travel and Tourism Week, the Obama administration on Thursday announced plans to boost tourism in America by attracting almost twice as many foreign visitors over the next decade. Published May 10, 2012
House OKs bill to reauthorize Ex-Im bank
Shrugging off a revolt from fiscally conservative Republican backbenchers, the House on Wednesday pushed through a last-minute bill to reauthorize the U.S. Export-Import Bank, which supports American companies that do business in foreign countries. The bank's current charter expires May 31. Published May 9, 2012
Investors don’t panic over votes in France, Greece
Investors on both side of the Atlantic shrugged off weekend election results from France and Greece, showing little sign of panic after voters rejected parties backing severe austerity programs imposed to address the Continent's debt and currency woes. Published May 7, 2012
Obama, spokesmen step up the politicking
The Obama re-election effort shifted into a higher gear over the weekend, with the president and the first lady leading rallies at colleges in Ohio and Virginia on Saturday. Published May 6, 2012
Looking for investment opportunities in Libya
The fall of Moammar Gadhafi has paved the way for the U.S. business community to invest in Libya as the troubled Middle Eastern nation tries to rebuild itself after a civil war tore the country apart last year. Published May 6, 2012
Gingrich goes to bat for Romney, ‘can’t imagine’ being veep
Former House Speaker Newt Gingrich, who ended his own bid for the Republican presidential nomination just last week, tried out a dramatically different role Sunday, transforming himself from Mitt Romney's biggest critic to the former Massachusetts governor's most vocal supporter. Published May 6, 2012