Thursday, October 27, 2011

Economy grew 2.5 pct. in Q3 as consumers rebound (AP)

Economy grew 2.5 pct. in Q3 as consumers rebound (AP)


Economy grew 2.5 pct. in Q3 as consumers rebound (AP)

Posted: 27 Oct 2011 10:07 AM PDT

FILE - In this Sept. 29, 2011 file photo, a shopper carrying bags is silhouetted at a mall in Los Angeles. The U.S. economy grew modestly over the summer after nearly stalling in the first six months of the year, lifted by stronger consumer spending and greater business investment. (AP Photo/Reed Saxon, File)AP - A summer of modest economic growth is helping dispel lingering fears that another recession might be near. Whether the strength can be sustained, though, is far from clear.


Europe crafts debt deal that pleases markets (AP)

Posted: 27 Oct 2011 11:30 AM PDT

From left, Sweden's Prime Minister Fredrik Reinfeldt, Czech Republic's Prime Minister Petr Necas, German Chancellor Angela Merkel, French President Nicolas Sarkozy and Slovenian Prime Minister Borut Pahor participate in a round table at an EU summit in Brussels on Wednesday, Oct. 26, 2011. A grand plan to resolve Europe's escalating debt crisis was once again in doubt after officials said key parts of the package may not be ready in time for a leaders' summit on Wednesday. (AP Photo/Geert Vanden Wijngaert)AP - The excruciating work of inking a deal to contain their two-year debt crisis over, European leaders turned Thursday to a potentially more difficult task: implementing the agreement that asks banks to take on bigger losses on Greece's debts and hopes to boost the region's arsenal against market turmoil.


Injured vet spent day at work, nights at protest (AP)

Posted: 27 Oct 2011 01:27 PM PDT

ADDS ID OF INJURED PROTESTER - Occupy Wall Street protesters help 24-year-old Iraq War veteran Scott Olsen as he lays on the ground bleeding from a head wound Tuesday, Oct. 25, 2011, in Oakland, Calif. Olsen was critically injured by an object that struck him in the head during the chaotic conflict. He suffered a fractured skull while marching with other protesters attempting to reestablish a presence in the area of the disbanded camp, said Dottie Guy, of the Iraq Veterans Against the War. (AP Photo/Darryl Bush)AP - The Iraq War veteran injured in clashes between police and anti-Wall Street protesters felt so strongly about economic inequality that he wanted to do something to change it, his roommate said Thursday.


Israeli-Egyptian swap highlights brittle ties (AP)

Posted: 27 Oct 2011 01:36 PM PDT

In this photo released by the Israeli Government Press Office freed U.S.-Israeli citizen Ilan Grapel, left, is greeted by his mother Irene after landing at Ben Gurion airport near Tel Aviv, Israel, Thursday, Oct. 27, 2011. Grapel, arrested in Egypt as a suspected spy flew to freedom in Israel on Thursday after more than four months in jail, under a prisoner swap deal that has eased friction between the two countries.(AP Photo/ GPO, Avi Ohayon, HO) ISRAEL OUT EDITORIAL USE ONLYAP - Israel said Thursday that it agreed to trade Egyptian prisoners for a U.S.-Israeli citizen imprisoned in Cairo on unsubstantiated suspicions of spying to defuse a potential crisis between the two neighboring countries.


Stocks surge on European debt deal; Dow gains 339 (AP)

Posted: 27 Oct 2011 01:25 PM PDT

A pair of traders work on the floor of the New York Stock Exchange Thursday, Oct. 27, 2011. (AP Photo/Richard Drew)AP - The Dow Jones industrial average surged nearly 340 points Thursday after European leaders agreed on a deal to slash Greece's debt load and prevent the crisis there from engulfing larger countries like Italy. The Standard & Poor's 500 index is close to having its best month since 1974.


Madoff: Has remorse, doesn't contemplate suicide (AP)

Posted: 27 Oct 2011 01:00 PM PDT

AP - Disgraced financier Bernie Madoff has told an interviewer he has terrible remorse and horrible nightmares over his epic fraud, but also said he feels happier in prison than he's felt in 20 years.

Medicare premiums up — but not as much as expected (AP)

Posted: 27 Oct 2011 01:16 PM PDT

Sue Ward, of Upper Marlboro, Md., left, a member of the National Committee to Preserve Social Security and Medicare, joins members of Congress and union members on Capitol  Hill in Washington, Wednesday, Oct. 26, 2011, to voice their opposition to potential cuts in Medicare, Medicaid, and Social Security benefits as the deficit supercommittee looks for cuts ways to reduce government spending in all areas.   (AP Photo/J. Scott Applewhite)AP - Good news for seniors: The government says Medicare's basic monthly premium will rise less than expected next year, by $3.50 for most.


Ohio man's widow not getting surviving exotic pets (AP)

Posted: 27 Oct 2011 01:24 PM PDT

This photo provided by the Columbus Zoo and Aquarium shows one of three leopards that were captured by authorities a day after their owner, Terry Thompson, released dozens of wild animals and then killed himself near Zanesville, Ohio.   Officials said Thursday Oct. 27, 2011, that six exotic animals will be quarantined instead of being returned to Thompson's wife.The office of Ohio Gov. John Kasich says the state Department of Agriculture has ordered the quarantine. (AP Photo/Columbus Zoo and Aquarium, Grahm S. Jones)AP - The six surviving exotic animals freed by their suicidal owner in Ohio will be kept under quarantine at a zoo for now instead of going to the man's widow, the state Agriculture Department ordered Thursday.


Poor clerk first to win million on India game show (AP)

Posted: 27 Oct 2011 05:52 AM PDT

In this Tuesday, Oct. 25, 2011, photograph, Sushil Kumar, left, with Bollywood actor Amitabh Bachchan, shows $1 million check after winning on an Indian game show, in Mumbai, India.  Kumar, a government clerk from a desolate region of eastern India, has become the first person ever to win $1 million on the popular Indian version of 'Who wants to be a Millionaire.' (AP Photo)AP - A poor government clerk from a desolate region of eastern India has become the first person ever to win $1 million on an Indian game show.


NCAA approves major scholarship changes at meeting (AP)

Posted: 27 Oct 2011 11:41 AM PDT

NCAA President Mark Emmert, right, talks with Northwestern University President Emeritus Henry Bienen, left, and Knight Commission Co-Chairman Brit Kirwan, chancellor of the University of Maryland System, during the Knight Commission on Intercollegiate Athletics meeting in Washington, Monday Oct. 24, 2011.  (AP Photo/Manuel Balce Ceneta)AP - The NCAA is giving college sports a whole new look.


Wall Street soars 3 percent as Europe deal draws buyers (Reuters)

Posted: 27 Oct 2011 01:35 PM PDT

A trader works on the floor of the New York Stock Exchange October 24, 2011. REUTERS/Brendan McDermidReuters - Stocks surged 3 percent on Thursday as an agreement by European leaders to help contain the region's two-year debt crisis lifted a cloud hovering over markets.


Euro deal leaves much to do on rescue fund, Greek debt (Reuters)

Posted: 27 Oct 2011 10:11 AM PDT

Reuters - Euro zone leaders struck a last-minute deal to limit the damage from the currency bloc's debt crisis early on Thursday but are still far from finalizing plans to slash Greece's debt burden and strengthen their rescue fund.

HP decides to keep PC division (Reuters)

Posted: 27 Oct 2011 01:28 PM PDT

A man walks past the Hewlett Packard logo at its French headquarters in Issy le Moulineaux, western Paris, in this September 16, 2005 file photograph. REUTERS/Charles Platiau/FilesReuters - Hewlett-Packard said on Thursday it has decided to retain the personal computer unit following an extensive review of the high volume but low-margin business.


Consumers, businesses pump up third-quarter growth (Reuters)

Posted: 27 Oct 2011 11:41 AM PDT

Unleaded gas price is displayed at JJ's Express Gas Plus station in Phoenix gas station in Phoenix, Arizona August 10, 2011. REUTERS/Joshua LottReuters - The economy grew at its fastest pace in a year in the third quarter as consumers and businesses stepped up spending, creating momentum that could carry into the final three months of the year.


D.Boerse urges EU regulators to take wider futures view (Reuters)

Posted: 27 Oct 2011 09:34 AM PDT

Reuters - Deutsche Boerse AG sought to convince EU regulators to judge its bid for NYSE Euronext by assessing over-the-counter derivatives trading and not only its impact on the smaller exchange-listed market, in its bid to win clearance for the deal.

Chrysler drives Fiat profit higher (Reuters)

Posted: 27 Oct 2011 09:55 AM PDT

Reuters - Fiat-Chrysler's third-quarter trading profit was well above forecasts at 851 million euros, with U.S. automaker Chrysler contributing as much as two-thirds of it and helping offset weak European sales.

Sony buys Ericsson out of mobile phone venture (Reuters)

Posted: 27 Oct 2011 05:08 AM PDT

A Sony Ericsson logo on a smartphone is pictured at a mobile phone shop in Tokyo October 7, 2011. REUTERS/Yuriko NakaoReuters - Sony Corp is to take over its mobile phone joint venture with Ericsson for 1.05 billion euros ($1.5 billion), as it seeks to exploit its music and video to help it catch smartphone leaders such as Apple Inc.


Special report: Harrisburg: a city at war with itself (Reuters)

Posted: 27 Oct 2011 09:03 AM PDT

Reuters - For three days last summer, Mayor Linda Thompson joined religious leaders to pray for a "cooperative spirit" among city leaders, the business community and residents here in Pennsylvania's state capital.

Insider trading: Ex-Goldman Sachs director Rajat Gupta pleads not guilty (The Christian Science Monitor)

Posted: 26 Oct 2011 02:33 PM PDT

The Christian Science Monitor - A former member of the board of directors of Goldman Sachs and Procter & Gamble appeared in federal court in New York Wednesday to face charges that he leaked confidential information to a hedge fund manager who used the tips to earn easy profits and avoid significant losses.

'Unearthly' beauty tops jobs: Obama freezes mining near Grand Canyon (The Christian Science Monitor)

Posted: 26 Oct 2011 02:03 PM PDT

The Christian Science Monitor - Teddy Roosevelt can rest easy. The Obama administration on Wednesday formally unveiled a plan to ban new uranium and other mining claims on 1 million acres of federal lands bordering the Grand Canyon for 20 years รข€" a move that follows in the footsteps of the 26th president's efforts in the early part of last century.

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