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Alabama immigration law’s price tag? Up to $11 billion, says economist

BIRMINGHAM, Alabama — Alabama’s tough immigration legislation could cost the state as much as $11 billion in economic output and another $264.5 million in tax revenue, according to a new analysis by an economist at the University of Alabama. Sam Addy, director of the Center for Business and Economic Research, released the results of a

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Finding info on bank fees may take digging

The hullabaloo about Bank of America’s decision to charge customers a monthly debit card fee has prompted many consumers to take a hard look at the cost of their bank accounts. Here’s the problem: Almost all bank websites will prominently disclose the fees they don’t charge. Identifying the fees they do charge is much more

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Job openings, rate little changed in May

WASHINGTON (Reuters) – There was little turnover in the U.S. labor market in May, and the number of available jobs at the end of the month was virtually unchanged from April, government data showed…

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Analysis: Gold set fair as debt focus widens to U.S.

LONDON (Reuters) – Gold prices have soared to record highs this year on concerns over the euro zone debt crisis, and the metal could be set for another leg higher if the world’s biggest economy, the…

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Contagion risk fears spur Italian bonds rethink

LONDON (Reuters) – Euro zone bond funds are pointing the finger at speculators for kickstarting a shock sell-off in Italian government debt that they may well be forced to join if spreads continue to…