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‘Static Kill’ of the Well Is Working, Officials Say (Aug-5, 15:37 EDT )-- The addition of cement is the next phase of the procedure known as a static kill, which began Tuesday.
Wall Street Exchanges Slip a Few Points Lower (Aug-5, 15:30 EDT )-- Markets weighed reports that claims for unemployment benefits rose unexpectedly last week and that retailers reported only modest growth in sales in July.
Russia Bans Grain Exports Amid Crippling Drought (Aug-5, 15:20 EDT )-- The ban, in response to the drought’s destruction of millions of acres of wheat, pushed wheat prices in the United States to the highest levels in nearly two years.
Mortgage Rates Hit Low Of 4.49 Percent (Aug-5, 15:06 EDT )-- Rates dropped to the lowest level in decades for the sixth time in seven weeks, offering the most attractive opportunity for those who qualify to refinance or purchase a home. Freddie Mac said the average rate for 30-year fixed loans this week was 4.49...
Meet Bio-Bug, a VW Beetle That Runs on Human Waste (Aug-5, 14:56 EDT )-- A sewage treatment in England has produced a demo car that runs on methane gas, a by-product in the processing human waste.
2 Top Economists Differ Sharply on Deflation (Aug-5, 14:45 EDT )-- Jan Hatzius of Goldman Sachs and Richard Berner of Morgan Stanley both predicted the recent downturn, but they travel separate roads on deflation.
Indonesia Takes on an Attractive Sheen (Aug-5, 14:41 EDT )-- After years of being known for inefficiency, corruption and instability, Indonesia is emerging from the global financial crisis with a surprising new reputation -- economic golden child.
BP Finishes Pumping Cement Into Broken Well (Aug-5, 14:20 EDT )-- Retired Coast Guard Adm. Thad Allen said everyone could "breathe a little easier," but that the well wasn't dead just yet. The next step involves pumping more cement into the bottom of the well from a 18,000 foot relief well. That process could take...
Alternatives to Overdraft Protection (Aug-5, 14:14 EDT )-- Bank marketing campaigns for overdraft protection appear to be working on some consumers. But if you're considering signing up for the service, you may want to consider these alternatives.
Target CEO Apologizes For MN Forward Donation (Aug-5, 13:57 EDT )-- The head of Target Corp. said Thursday he was "genuinely sorry" the company had made a political donation to a business group backing a conservative Republican for Minnesota governor. The donation had angered some employees and sparked talk of a...
For Retailers, Sales Were Sluggish in July (Aug-5, 13:50 EDT )-- The weak spending raises worries about the health of the back-to-school season as Americans step up saving amid a stalling recovery.
Despite Losses, Asian Hedge Funds Draw Money (Aug-5, 13:43 EDT )-- Hedge funds focusing on Asian investments experienced heavy losses in the second quarter, but that did not seem to deter investors from giving them more money.
Russia Bans Grain Exports Amid Drought, Fires (Aug-5, 12:48 EDT )-- Officials said the ban on wheat, wheat flour, barley, rye and corn will run from Aug. 15 through Dec. 31 and could even be extended into next year after a severe drought and wildfires destroyed 20 percent of its wheat crop. Russia is among the world's...
Let the Chevrolet Volt Buyer Beware, as Some Dealers Mark Up Price (Aug-5, 12:40 EDT )-- The Chevrolet Volt starts at $41,000, but dealers are already talking about marking up the price by as much as $20,000.
Michael Jackson's Holmby Hills House For Sale At A $10 Million Discount (Aug-5, 12:30 EDT )-- The crunch in real estate has hit even the former home of Michael Jackson. The singer's mansion in Holmby Hills, a posh Los Angeles neighborhood, is for sale at a $10 million discount.
Trichet Offers Some Upbeat Comments About Europe (Aug-5, 12:10 EDT )-- The head of the European Central Bank added, however, that growth in Europe was occurring in “an environment of uncertainty.â€
The Jobs Waiting Game: When Will Businesses Hire? (Aug-5, 12:01 EDT )-- Unemployment figures for July, which are due out on Friday, are unlikely to show a lot of strength. Analysts expect business hiring won't outpace declines in jobs, which could mean the unemployment rate rises slightly. Economists and Obama...
Reports: Google And Verizon Negotiate On Paid, Tiered Access To Web (Aug-5, 11:53 EDT )-- Google and Verizon have reportedly struck a deal to tier access to certain internet sites. The news has revived the debate on the meaning -- and future -- of net neutrality.
Senate Passes Bill to Save Teacher, Police Jobs (Aug-5, 11:37 EDT )-- The measure would preserve the jobs of perhaps 300,000 public employees across the country by extending programs in last year's stimulus law. House lawmakers are expected to be called back to Washington next week to cast the final votes to deliver the...
Consumers Still Skittish About Gulf Seafood (Aug-5, 11:36 EDT )-- Restaurants took the word Gulf off their seafood menus right after the spill, but say they are willing to put it back on once the government declares Gulf seafood safe.
2010 Social Security Outlook: Not Great (Aug-5, 10:49 EDT )-- The board says that trust funds will be exhausted in 2037.
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