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Foreclosure rates up by smallest amount in 4 years (AP) (Thu, 11 Mar 2010 06:17:29 GMT) New!

A pre-foreclosure sign is displayed outside a home in Miami, Florida in 2009. The US home mortage sector remains under siege -- as recent huge losses reported by government-run Fannie Mae and Freddie Mac show -- from high unemployment and troubled loans.(AFP/Getty Images/File/Joe Raedle)AP - The foreclosure crisis isn't over, but the pace of growth may finally be slowing down.


2-second video causes headache for ABC News (AP) (Thu, 11 Mar 2010 06:10:25 GMT) New!

FILE - In this Jan. 26, 2010 photo, a 2010 Toyota Corolla is shown at Toyota  dealership in San Francisco. For the want of a better two-second picture of a tachometer, ABC News has called into question its reporting on acceleration problems with Toyota vehicles. (AP Photo/Jeff Chiu, File)AP - For the want of a better two-second picture of a tachometer, ABC News has called into question its reporting on acceleration problems with Toyota vehicles.


Watchdog: GMAC bailout could cost taxpayers $6.3B (AP) (Thu, 11 Mar 2010 05:06:56 GMT) New!

A Chevrolet Volt extended-range electric vehicle sits at an event in Michigan in 2009. GMAC, the troubled former finance arm of General Motors, has been AP - The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable — a decision that could cost taxpayers $6.3 billion, a new watchdog report says.


China's inflation accelerates in February (AP) (Thu, 11 Mar 2010 07:40:50 GMT) New!

This picture taken Wednesday Feb. 10, 2010 shows a Chinese selects fruits at a department store in Beijing, China.  China's inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world's third-largest economy on track. (AP Photo/Vincent Thian)AP - China's inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world's third-largest economy on track.


Senate passes $149 billion for jobless aid (Reuters) (Thu, 11 Mar 2010 04:45:06 GMT) New!
Reuters - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.
Asian stocks lower amid spike in China inflation (AP) (Thu, 11 Mar 2010 05:56:05 GMT) New!

Investors look at  a stock price monitor at a private securities company Wednesday, March 10, 2010 in Shanghai, China. Chinese shares have ended a three-day rally and fell amid uncertainty about the direction of government policy as investors awaited February data.  The benchmark Shanghai Composite Index shed 20.21 points, or 0.7 percent, to close at 3,048.93.  (AP Photo/Eugene Hoshiko)AP - Asian stock markets were mostly lower Thursday as China's burst of inflation and Japan's weaker growth tempered confidence in the regional economic rebound.


Kroger, Ruby Tuesday, UAL are big movers (AP) (Tue, 09 Mar 2010 22:58:48 GMT) 
AP - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:
Senate passes jobless aid, business tax breaks (AP) (Thu, 11 Mar 2010 00:03:39 GMT) New!

Sen. Charles Schumer, D-N.Y., left, listens as Sen. Benjamin Cardin, D-Md.,  speaks during a news conference on Capitol Hill in Washington, Wednesday, March 10, 2010, to discuss the Democrats jobs agenda. (AP Photo/Harry Hamburg)AP - The Senate voted Wednesday to extend key pieces of last year's economic stimulus measure, including help for the jobless and money to help financially strapped states pay for health care for the poor.


Kali+Salz' Q4 net income falls 93 pct to $22M (AP) (Thu, 11 Mar 2010 07:44:15 GMT) New!
AP - German salt and fertilizer company Kali+Salz AG said Thursday that its fourth-quarter net income plunged 93 percent to euro16 million ($22 million) as the downturn significantly affected demand in global agricultural markets.
Britain confronts debt of Greek proportions (AP) (Wed, 10 Mar 2010 22:46:44 GMT) 

Britain's Prime Minister Gordon Brown  makes a  major economical speech in  London Wednesday March 10, 2010.  Britain's economic recovery remains fragile, Brown warned Wednesday, as he paved the way for a national election by announcing the government's budget would be published in two weeks. (AP Photo/ Charlie Bibby/Financial Times/Pool)AP - Government debt is growing, as is the deficit. The economy is struggling to get out of recession and there is talk of spending cuts or higher taxes. The unions are on edge. And the currency is plummeting.


Quinn seeks income tax hike for schools (AP) (Wed, 10 Mar 2010 19:47:33 GMT) 

Illinois Gov. Pat Quinn delivers his State of the Budget address to a joint session of the Illinois General Assembly on the House floor at the Illinois State Capitol in Springfield, Ill., Wednesday, March 10, 2010. (AP Photo/Seth Perlman)AP - Calling himself a realist, Gov. Pat Quinn on Wednesday scaled back his proposal to raise income taxes, shifting to a call for an increase of just one percentage point to be used solely for preventing deep cuts to education.


Japan to oppose global trade ban on Atlantic bluefin tuna (AFP) (Thu, 11 Mar 2010 07:33:33 GMT) New!

Fishermen are seen hauling out tuna after a catch in southern Spain. Japan will oppose a proposed global trade ban on Atlantic bluefin tuna, which has won EU and US backing ahead of an international conference, according to the top government spokesman.(AFP/File/Jose Luis Roca)AFP - Japan will oppose a proposed global trade ban on Atlantic bluefin tuna, which has won EU and US backing ahead of an international conference, the top government spokesman said Thursday.


Wal-Mart spent $1.78 million lobbying in 4Q (AP) (Wed, 10 Mar 2010 23:00:52 GMT) 
AP - Wal-Mart Stores Inc., the world's largest retailer, spent nearly $1.78 million lobbying in the fourth quarter on a wide range of issues from health care reform to organized crime and food safety issues, according to a recent disclosure report.
Home loan demand nudges higher in latest week (Reuters) (Wed, 10 Mar 2010 15:00:52 GMT) 

An arrow points down in the window of a branch of Northern Rock in London March 10, 2010.    Nationalised mortgage lender Northern Rock's headline losses shrank in 2009, helped by rising net interest income and lower loan losses in the second half, though it said loan writedowns would stay high in 2010.       REUTERS/Luke MacGregor   (BRITAIN - Tags: BUSINESS) POLITICS)Reuters - U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.


ND oil rig count tops 100 (AP) (Wed, 10 Mar 2010 23:50:17 GMT) 
AP - The number of rigs piercing North Dakota's oil patch has topped 100 for the first time in nearly three decades, the state Department of Mineral Resources said Wednesday.
Toyota subsidiary Daihatsu recalls 275,000 vehicles (AFP) (Thu, 11 Mar 2010 07:23:57 GMT) New!

A model is seen in a Daihatsu HSC during an international motor show. Daihatsu Motor Co., a subsidiary of embattled Toyota, said on Thursday it was recalling almost 275,000 vehicles due to possible defects, the latest in a raft of problems hitting Japanese carmakers.(AFP/DDP/File/Sascha Schuermann)AFP - Daihatsu Motor Co., a subsidiary of embattled Toyota, said Thursday it was recalling almost 275,000 vehicles due to possible defects, the latest in a raft of problems hitting Japanese carmakers.


Real Estate's Link to the Small Business Credit Crunch (BusinessWeek) (Wed, 10 Mar 2010 13:08:46 GMT) 
BusinessWeek - It's no secret that small businesses in the U.S. face difficulties accessing credit. According to a survey of a random sample of 751 small businesses conducted by Gallup at the end of 2009 for the National Federation of Independent Business Research Foundation, 44% of small businesses seeking credit in 2009 received only some or none of the money they sought. This level of credit access compares poorly with mid-2000, when nine of every 10 companies seeking credit received it. While there is broad agreement that a small business credit problem exists, there is less consensus about its causes. ...