Saturday, March 07, 2009
Special News
Iraqi PM promotes reconciliation in meeting with nation's sheikhs
03/07/09 07:28 PM, EST
Iraqi Prime Minister Nuri al-Maliki rallied sheikhs of the nation's
tribes on Saturday to participate in Iraq's government.
Obama: Don't fear the future
03/07/09 07:14 PM, EST
President Obama can't assure that the economy will bounce back this
year, but he says he will "get all the pillars in place for recovery
this year."
Freedom Bank of Georgia closed by FDIC; 17th bank failure of 2009
Freedom Bank of Georgia closed by FDIC; 17th bank failure of 2009
3/6/2009 6:17:03 PM ED
Friday, March 06, 2009
Breaking News: Obama to reverse limits on stem cell work, AP reports
WASHINGTON (AP) - President Obama is expected to sign an executive
order reversing restrictions on federal funding of embryonic stem cell
research. A senior administration official says the White House will
announce the move on Monday. The official spoke on condition of
anonymity because the policy had not yet been publicly announced.
Payrolls fall 651,000 and jobless rate soars to 8.1%
Payrolls fall 651,000 and jobless rate soars to 8.1%
The weakness in U.S. labor markets has gathered extraordinary
momentum, wiping away millions of jobs over the past four months
alone, the Labor Department
reports.
WELLS FARGO SLASHES DIVIDEND BY 85%
Calling it a "very difficult decision," Wells Fargo & Co. slashed its
quarterly dividend 85%, to 5 cents a share from 34 cents, in an effort
to save $5 billion and help the company pay back the government's
recent investment in the firm.
DESIGNERS PULL OUT THE STOPS; ORANGE FUR TO LUXURY'S RESCUE?
With the work of survival cut out for them, upscale designers are
going to great lengths to wow consumers with something new and even a
little wild, in a desperate bid to lure luxury shoppers back to
stores.
FORMER CHIEF EXECUTIVE AT KB HOME INDICTED FOR STOCK-OPTION BACKDATING
Former KB Home KBH Chief Executive Bruce Karatz was indicted Thursday
on criminal charges that he engaged in a stock-options backdating
scheme that allowed him and other executives to take in millions of
dollars in undisclosed compensation. Karatz was indicted in a Los
Angeles federal court on 20 criminal counts, including mail fraud,
wire fraud, securities fraud and making false statements in reports
filed with the Securities and Exchange Commission.
Unemployment rate rises to 8.1% - highest since 1983, government says. Employers have shed 1.3 million jobs in 2009.
Unemployment rate rises to 8.1% - highest since 1983, government says.
Employers have shed 1.3 million jobs in 2009.
Breaking News Fri., March 6, 2009
Unemployment Rate Balloons to 8.1 Percent, Highest Since 1983?651,000
Jobs Lost [8:40 a.m. ET]
Thursday, March 05, 2009
Breaking News: Stocks plummet on GM, financial worries
NEW YORK (AP) - Stocks fell to 12-year lows on Thursday as investors
faced more disheartening economic readings, new concerns about the
stability of GM and ongoing uncertainty about the financial system.
According to preliminary calculations, the Dow Jones industrial
average is down 281 points at 6,594. The S&P 500 is down 30 at 682,
while the Nasdaq composite index is down 54 at 1,299.
Citigroup shares trade below $1 mark for first time ever
Citigroup shares trade below $1 mark for first time ever
3/5/2009 11:23:50 AM EDT
Special news
Michael Jackson set to announce comeback
03/05/09 08:46 AM, EST
Reclusive pop icon Michael Jackson is expected to announce his first
major concert dates in more than a decade in a rare public appearance
in London on Thursday.
British cruise ship in 'pirate attack' scare
03/05/09 08:25 AM, EST
More than 1,000 British tourists on a round-the-world cruise were
ushered to safety amid fears their ship was being followed by pirates,
a travel company said Thursday.
European Central Bank cuts rates by half-point to record low 1.5%
European Central Bank cuts rates by half-point to record low 1.5%
3/5/2009 7:45:31 AM EDT
Number of people filing first-time unemployment benefits fell 31,000 last week to 639,000, U.S. says. Continuing claims also fell.
Number of people filing first-time unemployment benefits fell 31,000
last week to 639,000, U.S. says. Continuing claims also fell.
Breaking News
Bank of England cuts key interest rate by half point to new low of 0.5
percent and says it will pump $105B into economy.
Wednesday, March 04, 2009
Fed Beige Book says downward economic spiral continues
Fed Beige Book says downward economic spiral continues
3/4/2009 2:03:55 PM EDT
World News
'Killing will go on' despite Darfur charges
03/04/09 09:53 AM, EST
The killing will go on in Darfur despite the International Criminal
Court's moves against Sudan President Omar Hassan al-Bashir, refugees
from the violence said Wednesday, lamenting the country they say is
now beyond salvation.
Boy saved by U.S. charity struggles to cope in Iraq
03/04/09 08:42 AM, EST
"I can still hear her screams," says Mohammed Rasoul, pointing to the
sidewalk where he was sitting moments before a car bomb ripped through
his street, killing his younger cousin and blowing off his right leg.
'They told me to kill, to rape children'
03/04/09 07:55 AM, EST
I wanted to believe the man in front of me wasn't a rapist. I knew he
was a former Sudanese soldier, I knew he wanted to talk about rape in
Darfur. A humanitarian group working on Darfur issues had introduced
him to us. They told us his testimony was important to hear.
Payroll services firm ADP says private-sector jobs fell by 697,000 in February, much more than expected.
Payroll services firm ADP says private-sector jobs fell by 697,000 in
February, much more than expected.
Energy: Oil futures surge 6% fueled by global stock gains
Oil futures surge 6%, buoyed by gains on global stock markets and
hopes that China will drag the global economy out of recession.
U.S. announces start of $75B foreclosure prevention effort aimed at 7-9 million homeowners - incentives to borrowers and companies.
U.S. announces start of $75B foreclosure prevention effort aimed at
7-9 million homeowners - incentives to borrowers and companies.
Tuesday, March 03, 2009
world News
Chinese leaders confront economic crisis
03/03/09 07:12 AM, EST
When China's legislature opens its annual session this week, the focus
will be on jobs, the economy and social stability.
Recent history of cricket and terrorism
03/03/09 05:04 AM, EST
The ambush by up to a dozen gunmen of a bus carrying members of the
Sri Lankan cricket team in Lahore is the realization of fears long
held by the sport's leading players.
Breaking News
Nine people feared trapped under collapsed building in German city of
Cologne, according to local media reports.
Sunday, March 01, 2009
AIG to get up to $30 billion in additional TARP funds: WSJ
AIG to get up to $30 billion in additional TARP funds: WSJ
3/1/2009 2:09:24 PM EDT
