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US Auto Companies Seek Government Help

New York City :: NY :: USA | about 14 hours ago | Business News

Posted by vishnughimire

The heads of the big three U.S. automakers are to testify before a U.S. Senate committee Thursday, to make the case for why the government should spend $34 billion to bail them out. General Motors, Ford and Chrysler are reporting...

49 news stories / 4 blog posts / 11 images / 6 videos / 3 voices

New York Federal Reserve Opens 'Pawn Shop' to Up ABS Junk

New York City :: NY :: USA | about 2 hours ago | Business News

Posted by paisano1

New York Federal Reserve Opens 'Pawn Shop' to Up ABS Junk By Anthony M. Freed On Wednesday, December 3, 2008 The New York Federal Reserve website reported that they will begin to purchase Asset Backed Securities (ABS) from failed mortgage...

14 news stories / 9 blog posts / 1 image / 10 videos / 1 voice

Retailers see sales drop in dreary November

New York City :: NY :: USA | about 8 hours ago | Business News

Posted by apriljieh11

By ANNE D'INNOCENZIO, AP Retail Writer NEW YORK – A shopping boost on the day after Thanksgiving as consumers turned their thoughts to the holiday season couldn't save a weak November for most retailers, fueling more concerns about a bleak...

17 news stories / 1 blog post / 2 images / 4 videos / 1 voice

AT&T to cut 12,000 jobs due to economic downturn

New York City :: NY :: USA | about 9 hours ago | Business News

Posted by Biki82

NEW YORK – AT&T Inc. joined the recession's parade of layoffs Thursday by announcing plans to cut 12,000 jobs, about 4 percent of its work force. The Dallas-based telecommunications company — the nation's largest — said the job cuts will...

21 news stories / 1 blog post / 11 images / 3 videos / 1 voice

New JK Rowling book goes on sale around the world

New York City :: NY :: USA | about 5 hours ago | Entertainment News

Posted by kalex

The latest magical tome by J.K. Rowling has started to fly off bookstore shelves. Rowling was launching "The Tales of Beedle the Bard" on Thursday with a tea party for 200 school children at the National Library of Scotland in...

6 news stories / 6 blog posts / 22 images / 8 videos / 0 voices

Wall Street opens moderately lower on weak data

New York City :: NY :: USA | about 8 hours ago | Business News

Posted by apriljieh11

By TIM PARADIS, AP Business Writer Tim Paradis, Ap Business Writer NEW YORK – Stocks are down moderately in early trading following discouraging sales reports from many of the nation's big retailers, and word of big job cuts at AT&T...

10 news stories / 1 blog post / 1 image / 0 videos / 1 voice

Buyout or Sellout?

New York City :: NY :: USA | about 3 hours ago | Business News

Source: The Motley Fool

The RIM launch didn't go perfectly; delays in shipments contributed to the company's recent decision to cut earnings guidance. But RIM's reports of strong third- and fourth-quarter sales are encouraging. A successful hostile bid for Certicom would strengthen RIM's position...

4 news stories / 3 blog posts / 0 images / 2 videos / 0 voices

Study illuminates star explosion from 16th century

New York City :: NY :: USA | about 13 hours ago | Technology News

Posted by Waqas

More than 400 years after Danish astronomer Tycho Brahe challenged established wisdom about the heavens by analyzing a strange new light in the sky, scientists say they've finally nailed down just what he saw. It's no big surprise. Scientists have...

9 news stories / 0 blog posts / 12 images / 1 video / 0 voices

Study raps Web sites touting stem cell therapies

New York City :: NY :: USA | about 10 hours ago | Technology News

Posted by kalex

NEW YORK – Consumers should be wary of Web sites from clinics that offer stem cell treatments, says a study that found a lack of firm medical evidence to back up their claims. The Web sites in the study generally...

7 news stories / 2 blog posts / 10 images / 9 videos / 0 voices

Pols get behind new plan for MTA

New York City :: NY :: USA | about 18 hours ago | Political News

Source: Newsday

Paterson on Thursday endorsed an ambitious proposal -- with an ambitious timetable -- aimed at easing the pain and ensuring the cash-strapped MTA's future by charging tolls on East and Harlem river bridges and levying a payroll tax on all...

6 news stories / 8 blog posts / 15 images / 15 videos / 0 voices