Reports: Apple CEO Steve Jobs had liver transplant Sat, 20 Jun 2009 09:46 pm PDT AP - Apple Inc. co-founder and CEO Steve Jobs, whose recovery from pancreatic cancer appeared less certain when he had to take medical leave in January, received a liver transplant two months ago but is recovering well, The Wall Street Journal reported Saturday. Full Story | Top | Baucus, White House in deal with drug industry Sat, 20 Jun 2009 09:39 pm PDT AP - The pharmaceutical industry agreed Saturday to spend $80 billion over the next decade improving drug benefits for seniors on Medicare and defraying the cost of President Barack Obama's health care legislation, capping secretive negotiations involving key lawmakers and the White House. Full Story | Top | Nortel to sell itself off in pieces Sat, 20 Jun 2009 12:50 pm PDT AP - Nortel Networks, once a technology giant, has decided to sell itself off in pieces rather than attempt to emerge from bankruptcy as a restructured company. Full Story | Top | Fire moves into houses abandoned by foreclosures Sat, 20 Jun 2009 09:44 pm PDT AP - Like the house across the street gone missing and the one at the corner stripped of its front door, the weathered brown bungalow at 1430 Jane Ave. bided its time, edging nearer to a meeting with a wrecking crew. Full Story | Top | World stocks buoyed by US recovery hopes Fri, 19 Jun 2009 03:27 am PDT AP - World stock markets rose Friday after a run of stronger than anticipated U.S. economic data the previous day renewed investors' hopes that the world's largest economy may recover from recession this year. Full Story | Top | CarMax 1Q earns fall, still tops view Fri, 19 Jun 2009 03:26 pm PDT AP - Auto retailer CarMax Inc. said Friday its fiscal first-quarter profit fell 2.7 percent on a double-digit sales drop and increased costs at its auto financing arm, but the results still beat Wall Street expectations. Full Story | Top | UN: World hunger reaches 1 billion mark Fri, 19 Jun 2009 11:53 am PDT AP - The global financial meltdown has pushed the ranks of the world's hungry to a record 1 billion, a grim milestone that poses a threat to peace and security, U.N. food officials said Friday. Full Story | Top | Senate confirms Allison as TARP chief Fri, 19 Jun 2009 01:11 pm PDT Reuters - The U.S. Senate on Friday confirmed Herb Allison, the former chief executive of mortgage finance company Fannie Mae, as assistant Treasury secretary to oversee the government's $700 billion bank bailout fund. Full Story | Top | States' income tax revenue plunges in early 2009 Fri, 19 Jun 2009 12:46 pm PDT AP - State personal income tax collections dropped 26 percent nationwide through first four months of this year compared with a year ago, putting many states' already-shaky budgets into deeper trouble, a research institute reported. Full Story | Top | Jobless MBAs Opt for Entrepreneurship Fri, 19 Jun 2009 05:08 am PDT BusinessWeek Online - Lindsay Giovachino was feeling frustrated as she approached her business school graduation this past May at the University of Miami School of Business(Miami Full-Time MBA Profile). Like many of her classmates, she had cast a wide net in her job search, applying for management jobs in fields ranging from the nonprofit world to the music industry, with little luck. The final blow came when people started suggesting that Giovachino, an aspiring singer and songwriter who goes by the stage name Lucia, take an unpaid internship with a record company. ... Full Story | Top | The Allures and Perils of Foreign Government Bonds Fri, 19 Jun 2009 05:08 am PDT BusinessWeek Online - Foreign government bonds are on a tear. During the past three months, the sovereign debt of developed nations gained more than 5% in value, while emerging-market bonds surged 15%. Over the same period, supposedly ultra-safe U.S. Treasuries fell nearly 3%. Investors have taken notice: Since Apr. 15, $5 billion has flowed into international bond funds, which include in their portfolios sovereign debt from a wide range of foreign governments. Is it time to jump on the bandwagon? Full Story | Top |
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