Financial News

Stocks Flat On Mixed Consumer Reports


(New York, NY) -- Wall Street's optimism about the February retail sales report was offset Friday by a drop in consumer confidence over continuing high unemployment. The Dow gained 13 points to ten-thousand-625 ...Read More

Retail Sales Rise In February


(Washington, DC) -- Retail sales posted an unexpected jump in February, rising by three-tenths of a percent. A decline in vehicle purchases and bad weather were expected to bring down the overall sales ...Read More

Lobbyists Out In The Cold After House Earmark Ban


(Washington, DC) -- A Congressional ban on earmarks has put lobbyists on the run. Earmarks are no-bid contracts awarded to U.S. representatives' pet projects. Until this week, the practice of larding up appropriations bills with such earmarks was business-as-usual on Capitol Hill ...Read More

Examiner Sees Accounting Gimmicks In Lehman Bankruptcy


(New York, NY) -- A court-appointed examiner says Lehman Brothers used accounting gimmicks and had been insolvent for several weeks before filing filed for bankruptcy in September of 2008. The ruling, in a 22-hundred page report made public Thursday, reported the results of examiner Anton Valukas' investigation of more than one year into the collapse of the financial firm, which deepened the global financial crisis

Safety Regulators Consider "Black Box" Auto Requirement


(Washington, DC) -- The National Highway Traffic Safety Administration is considering making "black boxes" to record data on speeds, braking and crashes mandatory for all new vehicles. NHTSA head David Strickland told a congressional panel this week the idea is being studied after a slew of problems with unintended acceleration in Toyota vehicles ...Read More
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National News

Obama Hosts High-Level Meeting On Afghanistan


(Washington, DC) -- President Obama hosted another high-level meeting on Afghanistan. White House spokesman Robert Gibbs cited ongoing progress in Afghanistan, "each and every day." The White House meeting included top defense, national security and  ...Read & Hear More

Pelosi: Final Healthcare Votes "Closer"


(Washington, DC) -- Congressional Democrats are inching "closer" to final votes on healthcare reform. So said House Speaker Nancy Pelosi during her weekly news briefing. The White House put a March 18th deadline on completion of healthcare reform legislation but met resistance from Congressional Democratic leaders ...Read & Hear More

Judge Delays Ruling On WTC Settlement


(New York, NY) -- A judge in New York has postponed approval of a possible settlement for nearly ten-thousand Ground Zero workers. The federal judge delayed action, saying he wants to know how much money lawyers would see from the more than 650-million dollar ...Read More
 
Entertainment

E-Trade Reacts To Lindsay Lohan Lawsuit


(Undated) -- E-Trade has 100-million reasons to fire back at Lindsay Lohan and the company is doing just that. Lohan is suing the online trading company for 100-million-dollars, claiming she is the parody target in E-Trade's "milkaholic" Super Bowl ad ...Read More

Reporter's Question Riles Sean Penn


(Washington, DC) -- Sean Penn's infamous surly side was on display last night during a gala hosted by the Washington Hebrew Congregation, and it was not an act. The two-time Academy Award-winning actor was not pleased when asked by a reporter about comments he recently made about critics of his work in Haiti ...Read More

Damon, Greengrass Reteam For "Green Zone" Opening This Weekend


(Undated) -- Matt Damon and director Paul Greengrass reteam for the action thriller "Green Zone," opening nationwide this weekend. The film puts Damon's character -- Officer Roy Miller -- on the trail of weapons of mass destruction in U ...Read & Hear More



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