Daily News Alert | Sunday, June 14, 2009 12:00 AM PDT |
800,000 callers phone digital TV hot line
Sat, 13 Jun 2009 05:50 pm PDT
 AP - Nearly 800,000 calls were received by a federal hot line this week from people confused about the nationwide move on Friday to drop analog TV signals and broadcast only in digital. Full Story | Top |
NC Slim Jim factory blast caused by gas leak
Sat, 13 Jun 2009 03:03 pm PDT
 AP - An explosion that killed three workers at a North Carolina Slim Jim plant was caused by a natural gas leak that ignited in a room housing vacuum pumps for sealing the snacks, authorities said Saturday. Full Story | Top |
As theft rises, stores step up anti-crime efforts
Sat, 13 Jun 2009 09:50 am PDT
 AP - With shoplifting on the rise — including organized teams sweeping through stores and lifting scores of items in minutes — retailers are beefing up plainclothes patrols and video surveillance, and competitors are working together to prevent crime. Full Story | Top |
Obama lauds Zimbabwe's PM for courage
Fri, 12 Jun 2009 01:23 pm PDT
 AP - President Barack Obama is praising Zimbabwe's prime minister for trying to the lead the beleaguered African nation from political and economic strife toward more hopeful times. Full Story | Top |
G-8 finance chiefs get ready for economic recovery
Sat, 13 Jun 2009 05:51 am PDT
 AP - The Group of Eight industrialized nations have begun preparing for an economic recovery, acknowledging on Saturday "signs of stabilization in our economies" and agreeing to ask the International Monetary Fund to investigate ways to unwind hefty stimulus packages. Full Story | Top |
Mortgage Rates Head for 6 percent: 5 Reasons They Might Retreat
Fri, 12 Jun 2009 06:59 am PDT
U.S. News & World Report - Only a couple of months ago, exceptionally low mortgage rates were one of the few optimistic landmarks in an otherwise bleak economic outlook. After the Federal Reserve unveiled a series of initiatives beginning last fall--such as purchasing Fannie Mae and Freddie Mac mortgage-backed securities and long-term treasury bonds--mortgage rates plunged to all-time lows. In early April, with 30-year fixed mortgage rates dropping to less than 5 percent, President Barack Obama beseeched homeowners everywhere to capitalize on the development by refinancing their mortgages. ... Full Story | Top |
May foreclosures third highest on record
Thu, 11 Jun 2009 04:38 pm PDT
 Reuters - U.S. foreclosure activity for May ebbed from April's record, but mortgages still failed at a staggering pace as President Barack Obama's rescue programs had not had time to fully take root, RealtyTrac said on Thursday. Full Story | Top |
Home Depot's Higher but Fragile Hopes
Fri, 12 Jun 2009 05:08 am PDT
BusinessWeek Online - Home Depot (hd.) offered some encouragement to bullish investors on June 10 when the retailer raised its earnings estimates for the year. The home improvement giant also unveiled a variety of ways executives are trying to improve and cut costs in areas ranging from its supply chain to information technology and employee training. Full Story | Top |
The Fed's Mortgage Muddle
Wed, 10 Jun 2009 05:08 am PDT
BusinessWeek Online - Talk about a negative feedback loop: It looks like investors' expectations for an economic recovery could end up delaying that very scenario. Fear of inflation and concerns over the long-term impact of ballooning government debt have been driving up yields on 10-year U.S. Treasury notes, which reached 3.91% on June 8 before easing back to 3.84% the next day. Full Story | Top |
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