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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 12:27 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.


Medicare relief: premiums not as high as feared (AP)

Posted: 27 Oct 2011 10:13 AM PDT

AP - Medicare's basic monthly premium will be much lower than expected next year, the government announced Thursday. That could pay political dividends for President Barack Obama and for Democrats struggling to win over seniors in a close election.

Israeli-Egyptian swap highlights brittle ties (AP)

Posted: 27 Oct 2011 12:26 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.


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

Posted: 27 Oct 2011 07:06 AM PDT

In this Wednesday, Jan. 14, 2009 file photo, Bernard L. Madoff, the accused mastermind of a $50 billion Ponzi scheme, leaves Federal Court in New York. A book by Stephanie Madoff Mack, Madoff’s daughter-in-law, “The End of Normal:  A Wife’s Anguish, A Widow’s New Life” goes on sale Thursday, Oct. 20, 2011.  (AP Photo/Stuart Ramson, file)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.


Mobility falls to record low as Americans stay put (AP)

Posted: 27 Oct 2011 10:46 AM PDT

Chart shows percent of Americans who moved during each 12-month period sinceAP - Yet another symptom of the economic downturn: Americans aren't moving.


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

Posted: 27 Oct 2011 12:22 PM PDT

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.


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.


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.

S&P 500 gains 4 percent (Reuters)

Posted: 27 Oct 2011 12:40 PM PDT

A trader works on the floor of the New York Stock Exchange October 24, 2011. REUTERS/Brendan McDermidReuters - The S&P 500 advanced more than 4 percent while the Dow and Nasdaq added to gains on Thursday on optimism about an agreement to help tackle the European debt crisis.


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.

U.S. role in arming Mexico's drug war exaggerated: study (Reuters)

Posted: 27 Oct 2011 09:30 AM PDT

A man writes Reuters - Mexico's hardline fight against drug gangs has driven violence to levels higher in than many war zones but the role the United States plays in arming these brutal cartels appears exaggerated, independent arms researchers said on Thursday.


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 â€" a move that follows in the footsteps of the 26th president's efforts in the early part of last century.

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