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Tim Devaney

Tim Devaney was a national reporter who covered business and international trade for The Washington Times.

Articles by Tim Devaney

FILE - In this March 9, 2011 file photo, an Associated Press reporter demonstrates the camera on the Apple iPad 2 in San Francisco. Tablets are the most-desired electronic device this holiday shopping season, second only to clothing as the gift people are craving most. (AP Photo/Jeff Chiu, File)

E-readers nip at heels of Apple’s iPad

Apple's iPad created the tablet-computer market and has been its gold standard ever since, but industry analysts say its high price has left it vulnerable to a new type of competitor this holiday season- e-readers now coming decorated with more multimedia features. Published November 24, 2011

Shoppers leave the FAO Schwarz store in New York. With the Christmas shopping season getting under way, a consumer research group is cautioning shoppers to keep “close track” of their transactions to ensure they are not hit with what it calls “unfair” bank overdraft fees. (Associated Press)

Banks’ accounting boosts overdraft fees

A consumer research group is calling out banks for continuing to employ what it says is a deceptive accounting practice that can greatly increase the number of overdraft fees a customer may be charged. Published November 23, 2011

Telemarketers ask for boost in access to cellphones

Telemarketers are calling on Congress to ease restrictions on their access to cellphones, saying it has become increasingly difficult to reach customers who no longer use traditional land lines as their primary mode of contact. Published November 20, 2011

Auto traffic for this Thanksgiving holiday is expected to rise, according to AAA. "The increase in holiday travelers can be attributed to a ... strengthening economy," the AAA says, but the increase will only be "slight." (Associated Press)

More travel forecast for Thanksgiving

Signs of a rebounding economy are few, but America's top travel group saw some last week in its annual Thanksgiving holiday travel report. Published November 20, 2011

Panel votes to cap salaries for Fannie, Freddie executives

Reflecting still-simmering anger on Capitol Hill about the collapse of U.S. housing markets, a congressional panel Tuesday voted to suspend lucrative executive bonuses and to cap the salaries of top officials at bailed-out mortgage giants Fannie Mae and Freddie Mac. Published November 15, 2011

Demonstrators march with a replica pipeline outside the White House on Sunday to protest TransCanada's proposed Keystone XL pipeline. Citing environmental fears, the State Department on Thursday ordered a new review of the Canada-to-Texas pipeline. (Associated Press)

Canadian pipeline to Texas on hold until 2013

Citing environmental fears, the State Department on Thursday ordered a new review of a Canada-to-Texas oil pipeline, effectively delaying a final decision until after the 2012 elections and prompting a wave of criticism from businesses, unions and congressional Republicans, who called the move a "job killer." Published November 10, 2011

Struggling photography pioneer Kodak, which has headquarters in Rochester, N.Y., announced late Monday the sale of its image sensor business to Platinum Equity for an undisclosed amount analysts say is a first step in the direction of profitability. (Associated Press)

Kodak pictures comeback

Photography pioneer Kodak sold one of its companies this week in an attempt to stay afloat in an industry that has been drastically reshaped by advancements in technology during the past decade. Published November 8, 2011

White House urged to defer final decision on oil pipeline

More than a dozen congressional Democrats have asked the White House to wait until the State Department's Inspector General's Office finishes its environmental-impact review of the Keystone XL pipeline before making a final decision on the project, which would carry oil from Canada to Texas. Published November 7, 2011

Senate Majority Whip Richard J. Durbin, Illinois Democrat, won his fight against debit-card fees. Now he wants banks to be more transparent when it comes to the costs associated with checking accounts. "[T]he bottom-line goal is to make sure people know what they're being charged and can determine whether it's fair," he said last week. (Associated Press)

Durbin turns his ire to checking fees

The lawmaker who led the charge against hefty new bank debit-card fees is turning his attention to checking accounts. Published November 6, 2011

Rep. Ron Paul, Texas Republican

GOP’s Paul would bring U.S. troops home

If Ron Paul were president, he would pull American troops out of the Middle East and bring them back home, he said Sunday, because he doesn't want to step on the toes of countries such as Pakistan. Published November 6, 2011

Bill would tax trading by investment firms

Touting it as a way to curb financial speculation and funnel Wall Street profits to Main Street businesses, Democratic lawmakers on Capitol Hill introduced Wednesday a bill to tax trading activity by investment banks and financial firms. Published November 2, 2011

Bank of America is scrapping a plan to charge a $5 monthly debit card fee. The decision came after hearing customer outrage in recent weeks. Other major banks are following suit in dropping new fees, too. (Associated Press)

Bank of America drops plan to charge debit card holders

The retreat on debit card fees became total Tuesday, when Bank of America waved a white flag at the onslaught of customer outrage and surrendered its plan to charge account holders $5 per month for the cards. Published November 1, 2011

Screens show graphs of stocks on the uptick at the Athens Stock Exchange on Thursday after a new European debt relief deal was hailed by embattled Socialist government as a major breakthrough. In the U.S., the Dow Jones industrial average gained 339 points, closing above 12,000 for the first time in nearly three months. (Associated Press)

GDP report, Europe bailout push Dow above 12,000

Markets worldwide - from Wall Street to Europe to Asia - celebrated a breakthrough deal on Greece's debt Thursday with big gains, the Dow Jones industrial average closing above 12,000 for the first time in nearly three months. Published October 27, 2011

Obama seeks authority to make Pacific trading pacts

The Obama administration is hoping to build on the momentum of recent free-trade agreements with South Korea, Colombia and Panama as attention turns to the Trans-Pacific Partnership and trade promotion authority. Published October 27, 2011