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Tim Devaney

tdevaney@washingtontimes.com

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

Articles by Tim Devaney

** FILE ** Crowds of shoppers were ready to storm stores across the country last year as Black Friday began at the stroke of midnight. (Associated Press)

How to get the 
best deals on
 Black Friday

Black Friday shoppers may want to reconsider tradition, because waking up early and standing outside in long lines in the freezing cold won't necessarily help them score great deals.

November 20, 2012
**FILE** This photo shows Hostess Twinkies in a studio in New York on Jan. 10, 2012. (Associated Press)

A last-minute reprieve for Twinkies?

The maker of Twinkies, Ding Dongs, Ho Hos and Wonder Bread agreed Monday to last-minute mediation talks in the labor dispute that has driven the company to the brink of shutting its doors.

November 19, 2012
The Capitol building in Washington, D.C. (Associated Press)

Senate economist calls for ‘Super Duper Committee’

After the supercommittee's failure in 2011, the Senate Finance Committee's chief economist suggested this week Congress may turn to a new "Super Duper Committee," in an effort to avoid the fiscal cliff, with dire consequences that are too big to fail.

November 17, 2012

Full serving of disgust over health reform cost

In the latest employer backlash against the high costs of President Obama's signature health-care plan, a major Denny's and Dairy Queen franchise owner says he is considering adding an "Obamacare" surcharge that would raise his restaurant's prices by 5 percent.

November 15, 2012
**FILE** President Obama delivers pizzas Oct. 28, 2012, to volunteers during an unscheduled visit to a local campaign field office in Orlando Fla. (Associated Press)

Obama keeps job; others lose theirs

After an election campaign that featured jobs as a central issue, some of the nation's businesses have responded to President Obama's victory with a series of layoff announcements related to a variety of factors including the New Year's "fiscal cliff."

November 11, 2012
Groupon Inc., the pioneering online deals service, failed to show investors on Thursday that its business is growing as quickly as they would like, as it was hurt by what it called “continued challenges” from economic weakness in Europe. (Associated Press)

Groupon stock sinks as daily deal service struggles

Struggling to survive in the increasingly competitive online marketplace it pioneered, daily deal company Groupon saw its stock price on Thursday hit a new low in late-day trading after another disappointing third quarter earnings report.

November 8, 2012
John Engler, president of the Business Roundtable, speaks with editors and reporters of The Washington Times in December. (Rod Lamkey Jr./The Washington Times) ** FILE **

Business leaders beg for a political truce

With election-year politics in the rearview mirror, the business community called Wednesday for a "cease-fire" between the White House and a divided Congress, in hopes that leaders of both parties will come together to deal with the so-called "fiscal cliff" before it's too late.

November 7, 2012
President Barack Obama speaks at a campaign event at Nationwide Arena Monday, Nov. 5, 2012, in Columbus, Ohio. (AP Photo/Tony Dejak)

Bettors put money on Obama to win re-election

Political-betting websites that allow wagers on Tuesday's election increasingly favor President Obama to be re-elected as the race — and the betting — head into their final hours.

November 5, 2012
UBS Chairman Axel Weber told the German daily Handelsblatt that changing regulations are making it more difficult to compete in investment banking. He said his own bank’s cuts will spread industrywide. (Associated Press)

Global crisis squeezes Swiss banks

One of Switzerland's signature industries, Swiss banking no longer has the same allure it once did and could be in for tough times in the years ahead, analysts say, as it struggles to cope with a changing regulatory environment in the wake of the global financial crisis.

November 4, 2012
A magnifying glass is posed over a monitor displaying a Facebook page in Munich on Oct. 10, 2011. (Associated Press) ** FILE **

Market: Facebook stock dips as employees unload shares

On the day another 234 million shares of Facebook stock hit the market, shares of the world's largest social network lost just 83 cents of value, suggesting that the company may be rebounding from months of bad Wall Street showings.

October 31, 2012
Jason Locke sweeps water and mud from his parents’ home in Westport, Mass., Tuesday, the day after Sandy slammed into the East Coast. With the storm affecting so many oceanfront communities, many homeowners who suffered losses because of flooding likely will find themselves out of luck when it comes to insurance. Standard policies don’t cover flood damage, and the vast majority don’t have specific flood insurance. (Associated Press)

Insurers say Sandy’s damage could cost $10 billion

Home insurance companies say they were prepared for Hurricane Sandy, but the same may not be true for flood insurers who are feeling increased pressure as the storm caused more water damage than normally expected in such storms.

October 30, 2012
The floor of the New York Stock Exchange was without traders Monday as the market closed for the first time since the days after the terrorist attacks of Sept. 11, 2001. If the NYSE remains closed Tuesday, it would be the first two-day shutdown for the exchange due to weather since 1888. (Associated Press)

Sandy takes swipe at nation’s wallet

Wall Street stock markets and Atlantic City casinos shut down, hundreds of flights were canceled, and numerous companies postponed earnings announcements. The short-term economic impacts of Hurricane Sandy were already evident by Monday evening, but the ultimate bill for the struggling nation's economy could take a while to add up.

October 29, 2012
** FILE ** Justice Elena Kagan. (Associated Press)

Kagan could sway Supreme Court decision on copyright case

All eyes will be on Justice Elena Kagan on Monday, when the Supreme Court considers a copyright case that some fear could prevent people from reselling goods that they own such as iPhones, DVDs or, as in this case, books that have been purchased abroad.

October 28, 2012
**FILE** Rep. John Kline, Minnesota Republican (Associated Press)

House members question overdue regs report

A group of House Republicans are sharply questioning a lengthy delay by the Obama administration this year in producing a mandatory report that details the government's regulatory agenda and what impact it will have on businesses and the economy.

October 26, 2012
Microsoft program manager Joseph Morris, sporting a pair of company temporary-tattoo logos on his face, looks on during an event unveiling a new Microsoft Windows operating system Thursday, Oct. 25, 2012, at the company's headquarters in Redmond, Wash. (AP Photo/Elaine Thompson)

Microsoft sees Windows 8 as opening

Microsoft CEO Steve Ballmer met with investors and customers Thursday, pitching the firm's new Windows 8 operating system as key to his efforts to redefine his company and get away from the software giant's stodgy reputation in the face of challenges from rivals Apple and Google.

October 25, 2012
Travelers check their luggage at O’Hare International Airport in Chicago two days before last Christmas. There are bargains on travel during “dead zone” periods not so close to holidays, according to those in the know. (Associated Press)

Travelers can find holiday bargains

Contrary to popular belief, traveling during the middle of the holiday season may be actually the best time to find discounts.

October 24, 2012
Specialist John O’Hara (right) works at his post on the floor of the New York Stock Exchange on Tuesday. Stocks began falling sharply at the opening of trading on Wall Street after 3M and DuPont slashed their earnings forecasts. The Dow closed down 243.36. (Associated Press)

Big firms 
report 
dismal 
earnings 
for third quarter

Stock markets around the world suffered through one of the worst days of trading in months Tuesday, as a number of U.S. companies reported weak earnings because of a slowdown in the global economy and as concerns mounted over Spain's role in the European financial crisis.

October 23, 2012
FILE - In this Aug. 11, 2010 photo, park director Zach Shields, right, and his crew for the day look for produce such as tomatoes to harvest from the organic garden at Partnership Park in Decatur, Ill. In its first advice on organics, the American Academy of Pediatrics published a report Monday, Oct. 22, 2012 that concluded pesticide-free foods aren't necessarily safer or more nutritious for children than conventional foods. (AP Photo/Herald & Review, Lisa Morrison, File)

Pediatricians raise doubts about the benefits of organic foods

The nation's leading group of pediatric doctors on Monday questioned the nutritional benefits of products of the booming $30 billion organic foods industry, raising doubts about the superiority of organic offerings for the second time in the past month.

October 22, 2012