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| Wal-Mart awards $2 billion to U.S. hourly employees (Reuters)
March 19, 2009 at 12:01 pm
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| | Reuters - Wal-Mart Stores Inc is awarding approximately $2 billion to its U.S. hourly employees through financial incentives, including handing out $933.6 million in bonuses on Thursday, after the world's largest retailer gained market share amid a recession. |
| Auto suppliers to get $5 billion in aid (AP)
March 19, 2009 at 11:55 am
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| | AP - The Treasury Department, trying to stabilize the battered auto industry, will provide up to $5 billion in financing to troubled auto parts suppliers who are linked to Detroit's carmakers, officials said Thursday. |
| New jobless claims fall more than expected to 646K (AP)
March 19, 2009 at 11:52 am
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|  AP - New jobless claims fell more than expected last week, but continuing claims set a new record for the eighth straight week and few economists expect the labor market to improve anytime soon.
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| Microsoft adds shortcuts, security to new browser (AP)
March 19, 2009 at 11:39 am
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| | AP - Microsoft Corp. released a new version of Internet Explorer Thursday, adding features meant to speed up common Web surfing tasks and bringing the browser's security measures in line with those of major competitors. |
| North Korea guards detain U.S. journalists (Reuters)
March 19, 2009 at 11:33 am
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| | Reuters - North Korean security officials have detained two Korean-American journalists who were filming across the Tumen River from the Chinese side of the border, South Korean media and diplomatic sources said on Thursday. |
| French workers stage mass street protests (AFP)
March 19, 2009 at 11:28 am
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|  AFP - A million civil servants went on strike Thursday and workers marched in France's second nationwide street protests this year to denounce President Nicolas Sarkozy's handling of the economic crisis.
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| Jaguar, Buick dethrone Lexus in reliability study (AP)
March 19, 2009 at 11:25 am
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| | AP - Jaguar and Buick surged to the top of J.D. Power and Associates' closely watched vehicle dependability study this year, tying for the No. 1 spot and dethroning Lexus for the first time since the Japanese luxury brand has been a part of the survey. |
| FedEx says taking market share despite slump (Reuters)
March 19, 2009 at 10:36 am
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| | Reuters - Package delivery giant and U.S. economic bellwether FedEx Corp said on Thursday it was taking market share despite a recession that drove its profit down 75 percent, and its shares jumped. |
| Fritzl jailed for life over House of Horror abuse (AFP)
March 19, 2009 at 10:04 am
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|  AFP - A jury on Thursday ordered Josef Fritzl jailed for life for treating his daughter as a sex slave in the cellar of his home during a 24-year orgy of depravity in which he fathered seven children.
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| U.S. workers on jobless benefits hit record high (Reuters)
March 19, 2009 at 9:46 am
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| | Reuters - The number of U.S. workers drawing state unemployment benefits scaled another record high early this month, according to government data on Thursday that highlighted the difficulties of getting new jobs in the recession-hit economy |
| Schwarzenegger to help Obama answer GOP critics (AP)
March 19, 2009 at 7:47 am
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|  AP - President Barack Obama is playing a bit of divide and conquer this week, pitting his Republican critics in Washington against GOP governors and mayors eager for the federal money that his hard-fought stimulus plan will bring. Next on the list of Republican notables to embrace the president is California Gov. Arnold Schwarzenegger, who is to join Obama at a town hall meeting Thursday in Los Angeles.
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| Tar Heels: 'Huge probability' Lawson won't play (AP)
March 19, 2009 at 7:34 am
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|  AP - North Carolina coach Roy Williams says Ty Lawson's recovery is going slower than expected and that there's a "huge probability" Lawson will sit out today's NCAA game against the 16th-seeded Radford Highlanders.
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| Natasha Richardson dies after ski fall (Reuters)
March 18, 2009 at 10:45 pm
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|  Reuters - Award-winning actress Natasha Richardson, a member of Britain's Redgrave acting dynasty, died on Wednesday at age 45 after a suffering a severe brain injury in a skiing accident in Canada earlier this week.
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| Attorney general signals shift in marijuana policy (AP)
March 18, 2009 at 10:16 pm
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| | AP - Attorney General Eric Holder signaled a change on medical marijuana policy Wednesday, saying federal agents will target marijuana distributors only when they violate both federal and state law. |
| Verdict due in Fritzl incest case (AFP)
March 18, 2009 at 10:06 pm
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|  AFP - Josef Fritzl finds out on Thursday how long he will have to spend behind bars for locking up and raping his daughter over 24 years, at the end of his trial for incest and murder.
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| Obama plays populist, anti-Washington role in CA (AP)
March 18, 2009 at 9:58 pm
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|  AP - In Washington, President Barack Obama is the ultimate insider, hosting White House parties to woo lawmakers and diplomats. Elsewhere, he increasingly plays the embattled and populist crusader, helping average Americans fight entrenched interests on Capitol Hill and Wall Street.
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| Natasha Richardson dies after fall on ski slope (AP)
March 18, 2009 at 9:57 pm
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|  AP - Natasha Richardson, a gifted and precocious heiress to acting royalty whose career highlights included the film "Patty Hearst" and a Tony-winning performance in a stage revival of "Cabaret," died Wednesday at age 45 after suffering a head injury during a beginners' ski lesson.
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| Dodd: Administration sought bonus limit revision (AP)
March 18, 2009 at 9:56 pm
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|  AP - For a while, the disappearance of an executive bonus restriction from last month's economic stimulus looked like sleight of hand worthy of a Las Vegas stage. No one could explain how the provision faded into thin air.
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| NC woman hopes to cash in after dog's deposit (AP)
March 18, 2009 at 9:40 pm
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|  AP - A North Carolina family's dog didn't eat the children's homework, he ate mom's money. Kelley Davis said she had an extra $400 in cash to deposit after working extra hours as a physical therapist. She told the News & Observer of Raleigh that on Friday she planned to deposit the money, but it wasn't in her pocket.
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| AIG CEO says employees starting to return bonuses (AP)
March 18, 2009 at 9:28 pm
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|  AP - Under intense pressure from the Obama administration and Congress, the head of bailed-out insurance giant AIG declared Wednesday that some of the firm's executives have begun returning all or part of bonuses totaling $165 million. Edward Liddy offered no details, and lawmakers were in no mood to wait.
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| AIG CEO asks employees to repay some bonus money (Reuters)
March 18, 2009 at 9:19 pm
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| | Reuters - The head of AIG said on Wednesday he was trying desperately to prevent the company from collapsing when he allowed the payment of $165 million in bonuses that have stoked outrage stretching from the White House to Main Street. |
| Incest father pleads guilty to charges, faces life (AP)
March 18, 2009 at 9:14 pm
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|  AP - Josef Fritzl abruptly pleaded guilty to all of the charges against him Wednesday — a surprising twist amid disclosures that the daughter he imprisoned for 24 years in a dungeon where she bore him seven children secretly sat in on the trial.
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| Death penalty recommended for Calif. arson killer (AP)
March 18, 2009 at 9:13 pm
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|  AP - A jury recommended the death penalty Wednesday for a man convicted of murdering five federal firefighters who were overrun by one of several wildfires he ignited in Southern California in 2006. Jurors took less than a day to decide that Raymond Lee Oyler deserved to die. Prosecutors cited the horrific pain the fire crew suffered and the terror the auto mechanic's fires caused in rural areas of Riverside County.
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| US births break record; 40 pct out-of-wedlock (AP)
March 18, 2009 at 9:12 pm
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|  AP - Remember the baby boom? No, not the one after World War II. More babies were born in the United States in 2007 than any other year in the nation's history — and a wedding band made increasingly little difference in the matter. The 4,317,119 births, reported by federal researchers Wednesday, topped a record first set in 1957 at the height of the baby boom.
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| Dinosaur find raises debate on feather evolution (AP)
March 18, 2009 at 9:12 pm
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|  AP - A small dinosaur that once roamed northeastern China was covered with a stiff, hairlike fuzz, a discovery that suggests feathers began to evolve much earlier than many researchers believe — maybe even in the earliest dinosaurs. Scientists had previously identified feathers and so-called "dinofuzz" in theropods, two-legged meat-eaters that are widely considered the ancestors of birds.
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| Obama takes responsibility for AIG storm (AFP)
March 18, 2009 at 8:28 pm
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|  AFP - US President Barack Obama has shouldered the blame for the multi-million dollar bonuses paid out by bailed out insurance giant AIG that sparked public outrage.
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| U.S. judge denies bail to former "enemy combatant" (Reuters)
March 18, 2009 at 4:16 pm
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| | Reuters - A U.S. judge denied bond on Wednesday for an accused al Qaeda sleeper agent after prosecutors said he used his time in America to research information on toxins and was a colleague of suspected September 11 mastermind Khalid Sheikh Mohammed. |
| Dog eats $400, but woman recovers some cash later (AP)
March 18, 2009 at 3:23 pm
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| | AP - A North Carolina family's dog didn't eat the children's homework, he ate mom's money. Kelley Davis said she had an extra $400 in cash to deposit after working extra hours as a physical therapist. She told the News & Observer of Raleigh that on Friday she planned to deposit the money, but it wasn't in her pocket. |
| Astros' Aaron Boone to have open heart surgery (AP)
March 18, 2009 at 3:20 pm
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|  AP - Aaron Boone of the Houston Astros will have open heart surgery to replace an aortic valve. Boone made the announcement Wednesday, saying he has known about his heart condition since college but tests after his routine physical determined he needed surgery. It is not an emergency, but doctors indicated the procedure was needed.
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| Fed to buy up to $300B long-term Treasury bonds (AP)
March 18, 2009 at 3:13 pm
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|  AP - The Federal Reserve announced Wednesday it will spend up to $300 billion over the next six months to buy long-term government bonds, a new step aimed at lifting the country out of recession by lowering rates on mortgages and other consumer debt.
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| AIG CEO asks employees to repay some bonus money (Reuters)
March 18, 2009 at 3:06 pm
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| | Reuters - The head of AIG said on Wednesday he was trying desperately to prevent the company from collapsing when he allowed the payment of $165 million in bonuses that have stoked widespread public outrage. |
| Fed to buy long-term U.S. government debt (Reuters)
March 18, 2009 at 2:54 pm
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| | Reuters - The U.S. Federal Reserve on Wednesday, in a surprise move, said it will buy up to $300 billion worth of longer-term U.S. government debt over the next six months and expand purchases of mortgage-related debt to help ease credit market conditions. |
| Army-backed leader cements grip in Madagascar (Reuters)
March 18, 2009 at 2:33 pm
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|  Reuters - Madagascar's new president, Andry Rajoelina, celebrated and consolidated power on Wednesday after being appointed by the Indian Ocean island's military in a move which drew international disapproval.
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| Sources: Pentagon to stop forced tour extension (AP)
March 18, 2009 at 2:30 pm
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|  AP - The Army will substantially reduce use of the unpopular practice of holding troops beyond their enlistment dates and will pay $500 to those still forced to stay in the service, defense and congressional officials said Wednesday.
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| Obama seeks greater rein on financial institutions (AP)
March 18, 2009 at 1:53 pm
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|  AP - President Barack Obama said Wednesday no one in his administration created the mess at insurance giant AIG, including the much-maligned executive bonuses, but that "the buck stops with me" to fix it.
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| Gas, clothing push up consumer prices (Reuters)
March 18, 2009 at 1:50 pm
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| | Reuters - U.S. inflation rose in February on higher gasoline and apparel prices, government data showed on Wednesday, indicating some pricing power in the recession-hit economy and easing fears of deflation for now. |
| IBM in talks to buy Sun Microsystems: sources (Reuters)
March 18, 2009 at 1:35 pm
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| | Reuters - IBM is in talks to buy Sun Microsystems Inc, sources with knowledge of the matter said, a move that could bolster the technology giant against rivals in the high-end computer server and software markets. |
| Fritzl changes murder plea to guilty (AFP)
March 18, 2009 at 12:55 pm
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|  AFP - Josef Fritzl stunned the court by confessing to murder and slavery charges, shamed into changing his plea Wednesday by the testimony of the daughter he raped at will for 24 years.
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| U.S. charges Madoff accountant over phony audits (Reuters)
March 18, 2009 at 12:25 pm
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| | Reuters - An accountant for Bernard Madoff "pretended" to conduct audits of the confessed swindler's investment firm, authorities said on Wednesday in charging him with fraud going back 17 years in the biggest investment scheme on Wall Street. |
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