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The Two-Way
1:43 pm
Wed August 29, 2012

Bank Of America Hasn't Modified Any Mortgages, As It Had Agreed To

Last February, five major banks came to an agreement with the United States government that would provide $26 billion in mortgage relief aid to homeowners.

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The Two-Way
7:53 am
Wed August 29, 2012

U.S. Economy Grew At 1.7 Percent Annual Rate In Second Quarter

The Bureau of Economic Analysis revised its GDP numbers today, saying that during the second quarter of this year, the United States economy grew at a 1.7 percent annual rate.

That's up from its original estimate of 1.5 percent.

The BEA reports:

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The Two-Way
5:48 pm
Tue August 28, 2012

Computer Troubles Freeze United Airlines' System, Bringing A Cascade Of Delays

Credit Justin Sullivan / Getty Images
Two United Airlines planes sit at a terminal at San Francisco International Airport Friday. The airport briefly refused to accept any domestic arrivals Tuesday, after a computer crash disrupted United's system.

Originally published on Wed August 29, 2012 2:51 pm

Many travelers using United Airlines faced delays Tuesday, but they weren't connected to Hurricane Isaac. Instead, the airline's computer network crashed, leaving large parts of its system paralyzed Tuesday afternoon.

First noted around 2:15 p.m. EDT, the problems persisted until about 6:30 p.m. EDT, when the airline tweeted that it is "in the process of resuming operations and rebooking customers."

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Business & Technology
11:41 am
Tue August 28, 2012

Rare metals plant may be built in Ascension Parish

Ascension Parish has been chosen as the site for an Avalon Rare Metals Inc. plant that will refine elements used in televisions and hybrid vehicles, if the company decides to build the $300 million facility.

The Louisiana Department of Economic Development announced Monday that Avalon chose the Geismar site for its possible refinery, with a final decision planned for 2013.

If built, LED says the plan would create 175 new jobs.

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The Two-Way
11:21 am
Tue August 28, 2012

Reports: Obama Administration Will Unveil New Fuel-Efficiency Standards

Originally published on Tue August 28, 2012 1:02 pm

The Obama administration announced new fuel efficiency standards that require cars in the United States to average 54.5 miles per gallon by the year 2025.

As the Detroit Free-Press reports, President Obama got this process rolling in 2010, when he asked the EPA and the National Highway Traffic Safety Administration to come up with standards that would lead to new and cleaner cars on the roads.

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