Blogger

Two-track economy: 9.7% unemployment, $200K cars (AP)

Blogger — Thu, 18 Mar 2010 22:43:58 +0000

AP – For the super-rich and everyone else, the economic recovery is taking place in two very different gears.

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Two-track economy: 9.7% unemployment, $200K cars
(AP)

Palm’s phone sales slump and its stock dives (AP)

Blogger — Thu, 18 Mar 2010 22:35:53 +0000

AP – Palm Inc. reported sales figures Thursday that showed it’s having a difficult time getting consumers to pay attention to its phones in a market dominated by iPhones and BlackBerrys. The company’s shares plunged in after-hours trading.

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Palm’s phone sales slump and its stock dives
(AP)

Obama backs senators’ immigration overhaul outline (AP)

Blogger — Thu, 18 Mar 2010 22:32:46 +0000

AP – President Barack Obama, facing criticism from advocates of immigration reform, pledged Thursday “to do everything in my power” to get immigration legislation moving in Congress this year.

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Obama backs senators’ immigration overhaul outline
(AP)

Stocks end mixed after price, jobs reports (AP)

Blogger — Thu, 18 Mar 2010 22:03:49 +0000

AP – Major stock indexes ended mixed Thursday on more evidence that the economy is regaining strength at a slow pace.

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Stocks end mixed after price, jobs reports
(AP)

Chicago Man Admits Scouting For Mumbai Attack

Blogger — Thu, 18 Mar 2010 22:01:00 +0000

David Coleman Headley admitted in a signed plea agreement that he made surveillance videos and conducted other intelligence gathering for the 2008 attack, which left 166 dead. He could have been sentenced to death if convicted of the most serious charges, but under the deal he will not be executed as long as he continues to cooperate with prosecutors.

Court records illuminate Viacom-YouTube battle (AP)

Blogger — Thu, 18 Mar 2010 21:44:54 +0000

AP – YouTube co-founder Steve Chen once warned a fellow co-founder to stop posting pirated videos on their Web site, according to court documents unsealed Thursday as part of a 3-year-old copyright lawsuit against the online video leader.

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Court records illuminate Viacom-YouTube battle
(AP)

Clinton, Russians Clash Over Iran Nuclear Plant

Blogger — Thu, 18 Mar 2010 21:21:00 +0000

Prime Minister Vladimir Putin said Thursday that Iran’s new Russian-built nuclear reactor will begin operating this summer, even as the United States called for Russia to delay the startup. Clinton, in Moscow on an official trip, urged Russia not to start up the plant until Tehran proves that it’s not developing atomic weapons.

Dollar climbs on renewed worries over Greece (AP)

Blogger — Thu, 18 Mar 2010 20:33:27 +0000

AP – The dollar rose Thursday as Greece warned that it will be forced to turn to the International Monetary Fund if the European Union can’t agree to a bailout plan.

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Dollar climbs on renewed worries over Greece
(AP)

FedEx sees economic recovery spreading (AP)

Blogger — Thu, 18 Mar 2010 19:53:54 +0000

AP – FedEx says the global economic recovery is broadening, as the U.S. economy gains steam and Asia continues to show strong growth.

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FedEx sees economic recovery spreading
(AP)

Illinois high court yanks hospital’s property tax break (Reuters)

Blogger — Thu, 18 Mar 2010 19:38:05 +0000

Reuters – An Illinois hospital lost its property tax exemption on Thursday, ending a long-fought battle watched by nonprofit hospitals concerned about greater scrutiny of their charity care.

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Illinois high court yanks hospital’s property tax break
(Reuters)