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News 16 Nov 2009

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Business

  • Small business loans: $10 billion evaporates
    Eight months after President Obama began prodding the nation's banks to increase their small business lending, the loan numbers continue to move in the opposite direction.
  • Buffett's Berkshire ups Wal-Mart stake
    Investor guru Warren Buffett almost doubled his stake in Wal-Mart, adding 18 million shares in the discount retailer in the third quarter of 2009.
  • How Fed let AIG banks off easy
    Federal regulators, in rushing to rescue AIG last year, failed to use their clout to negotiate concessions from business partners of the troubled insurer, a bailout overseer said on Monday.
  • New boss named for bailed-out GMAC
    Troubled auto and mortgage lender GMAC shook up its executive suite on Monday, naming former Citigroup executive Michael Carpenter CEO.
  • Another key departure in the House of Murdoch
    Another of Rupert Murdoch's key lieutenants over the past 10 years is leaving his company, News Corporation. The company is expected to announce tomorrow that Gary Ginsberg, the media giant's executive vice president and chief marketing officer, is leaving the company at the end of the year.
  • Preparing China's yuan for the world stage
    President Barack Obama's visit to China this week has increased the spotlight on one of the top hot-button issues in U.S.-China relations: revaluing the Chinese currency.
  • Post Office reports loss, may cut Saturday service
    The U.S. Postal Service reported a $3.8 billion loss in the 2009 fiscal year, and plans to propose to Congress in 2010 that it drop Saturday delivery.
  • 1 in 6 Americans goes hungry
    The number of Americans that have trouble putting food on the table shot up last year in an unprecedented spike to a record 17 million households, the government reported on Monday.
  • Fed proposal restricts gift card fees
    The Federal Reserve announced proposed rules Monday to implement the gift card provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009.
  • Gold's record run: No end in sight
    Gold prices surged to record highs yet again Monday, topping $1,139 an ounce, as investors continue to favor the precious metal over currencies like the U.S. dollar.
  • Is 5th time the charm for the S&P 500?
    To paraphrase the sage words of Spinal Tap guitarist Nigel Tufnel, investors are hoping that the S&P 500 goes to 11. Hundred, that is.
  • How one worker survived Wall Street's downfall
    When the financial storm sent shock waves through Wall Street and the broader economy, millions of people lost their jobs. Workers in New York City were particularly hard hit. Citigroup, alone, has announced over 100,000 job cuts worldwide since 2007. One casualty was Ebony Blue, a young financial analyst in the investment banking division, who was laid off in December of 2008. There weren't many openings in the financial industry. And with so many people still looking for work, Blue had plenty of competition. With only two years of experience under her belt since graduating from Ithaca College, Blue, 24, like many other young analysts, found it difficult to differentiate herself from a sea of job seekers in the industry.
  • Bernanke: Weak recovery ahead
    Federal Reserve Chairman Ben Bernanke said the recovery in the U.S. economy will be modest, with higher than desired levels of unemployment for the foreseeable future.
  • Simmons files for Chapter 11
    Simmons Bedding Co., the second-largest mattress maker in the U.S., filed for bankruptcy on Monday.
  • Detroit finds dignity in death
    Six people. Buried. In Detroit.
  • Bonds up on weak retail, manufacturing

  • Goodbye, grocery store price tags
    In 2001, Sunit Saxena made a midnight run to the grocery store for wonton wrappers. When he couldn't find any, he went looking for a clerk. The aisles were empty. He discovered the workers holed up in a back room tearing price tags off merchandise to reprice it for the next day.
  • S&P 500 shoots above 1,100
    Stocks rallied to 13-month highs Monday as investors focused on the weak U.S. dollar and Federal Reserve chairman Ben Bernanke said interest rates will remain low as the economy slowly recovers.
  • Retail sales surge
    Retail sales in October rose more than analysts expected, the government reported Monday.
  • Apple tablet: One tech gadget for all
    Apple's lips are sealed about its widely rumored tablet computer, but technology experts are giddy about the device, already exclaiming it will be the gadget to end all gadgets.

Entertainment

Sports

  • Peter King: Favre passes biggest preseason test
    If Brett Favre can develop a quick rapport with his teammates and remain healthy for his 19th NFL campaign, the Vikings might be on the brink of something special, writes Peter King.
  • Favre, Peterson tally TDs in Vikes' 17-10 road victory
    Benefitting from a full week of practice, Brett Favre showed glimpses of his future Hall of Fame self and played a strong role in the Vikings' 17-10 victory over the Texans.
  • 'Not-so Amazins' lead lengthy list of disappointments this season
    The Mets and Cubs have fallen woefully short of expectations, which is why the beleaguered clubs are headlining Jon Heyman's in-depth look at this season's biggest disappointments.
  • Will Brady play in Pats' opener?

  • 'Pacman' strikes deal to play with CFL
    If controversial cornerback Adam "Pacman" Jones is going to return to the NFL, it will be via the Canadian Football League. Jones agreed in principle to a one-year deal with the Winnipeg Blue Bombers late Monday night and is expected to join the team as early as Wednesday.
  • Alabama DL Deaderick shot, wounded in robbery
    TUSCALOOSA, Ala. (AP) -- Alabama defensive lineman Brandon Deaderick was hospitalized in good condition Tuesday after being shot in the arm during an apparent robbery attempt at an off-campus apartment complex.
  • Dodgers net Thome, Garland
    LOS ANGELES (AP) -- The Los Angeles Dodgers made a big push to lock up the NL West, acquiring slugging first baseman Jim Thome from the Chicago White Sox and right-hander Jon Garland from the Arizona Diamondbacks.
  • Rubio shuns Wolves, inks deal with Spanish club
    MINNEAPOLIS (AP) -- Point guard Ricky Rubio will be staying in Spain for the next two seasons instead of coming to play for the Minnesota Timberwolves this fall, according to two published reports.
  • Pettitte flirts with no-no
    BALTIMORE(AP) After an error ruined Andy Pettitte 's bid for perfection, the left-hander's effort to console his dejected teammate was absolutely flawless.
  • Michigan's Rodriguez denies practice allegations
    ANN ARBOR, Mich. (AP) -- Michigan coach Rich Rodriguez said Monday that his football program has abided by NCAA rules, despite allegations from players and former players who say the team has practiced far beyond the time allowed.

Health

  • Wheelchair rugby puts athletes back on the team
    Talbot Kennedy became a quadriplegic on the last day of high school, but he's still an athlete. He plays on a team that's part of United States Quad Rugby Association. And what he and others gain by playing goes beyond the gym.
  • Heart patients lacking vitamin D more likely to be depressed
    People with heart disease and similar conditions who don't have enough vitamin D are more likely to be depressed than their counterparts with adequate levels of the "sunshine vitamin."
  • Ghosts, dragons, monsters: What to tell kids
    When your kid is afraid of a monster under the bed or something on television, what do you do? How do you decide what's appropriate? Mom bloggers and experts weigh in.
  • Microsoft co-founder Allen diagnosed with cancer
    Microsoft co-founder Paul Allen has been diagnosed with non-Hodgkin's lymphoma, more than 25 years after he was treated for Hodgkin's disease, a spokesman at his company Vulcan Inc. told CNN on Monday.
  • Task force changes mammography guidelines
    Women in their 40s should not get routine mammograms for early detection of breast cancer, according to updated guidelines set forth by the U.S. Preventive Services Task Force.
  • Gearing up for prevention: The Hajj meets H1N1
    For many Muslims it's the journey of a lifetime: making the Hajj pilgrimage. Almost 3 million faithful, together, in the city of Mecca, Saudi Arabia. But this year, the Hajj could become an incubator for the H1N1 virus.
  • A smoke-free Lebanon: Reality or pipedream?
    In Lebanon, you're never far from the whiff of cigarette smoke.
  • Abortion stirs controversy in health care bill
    The problematic intersection of health care and abortion politics will be highlighted again Monday as religious abortion rights supporters demand changes to reform legislation recently passed by the House of Representatives.
  • Counting the world's 'invisible' children
    Most people take their birth certificates for granted, but for millions of people around the world, they simply do not exist, causing them to miss out on fundamental rights, including access to free health care and education services, according to international charity, Plan.
  • Newborn deaths spark investigation in India
    Authorities are investigating the death of six newborns at a government hospital in southern India over allegations of equipment failure and staff negligence.

Technology

  • 'Jailbreakers' battle over iPhone control
    With each new version of the iPhone, a small army of independent programmers get to work prying it open. Last month saw the release of software that can hack and unlock an iPhone in just two minutes.
  • Microsoft co-founder Paul Allen diagnosed with cancer
    Microsoft co-founder Paul Allen has been diagnosed with non-Hodgkin's lymphoma, more than 25 years after he was treated for Hodgkin's disease, a spokesman at his company Vulcan Inc. told CNN on Monday.
  • Leonid meteor shower to peak Tuesday
    This year's Leonid meteor shower will peak early Tuesday, forecasters say, producing mild but pretty sparks over the United States and a more intense outburst over Asia.
  • NASA finds 'significant' water on the moon
    NASA has discovered water on the moon, based on data from the Lunar Crater Observation and Sensing Satellite, or LCROSS, that plunged into the moon last month, the principal investigator for LCROSS said Friday.
  • Meet 'Cady' Coleman, astronaut mom
    At her home in this woodsy town east of the Berkshires, Catherine "Cady" Coleman often steps outside with her husband and son to peer at the night sky.
  • Dell unveils Android-based smartphone
    Dell said Friday that it's ready to enter the smartphone business with the Android-based Mini 3.
  • Facebook status update provides alibi
    For 19-year-old Rodney Bradford, a simple Facebook status update turned into much more: a rock-solid alibi after he was accused of a crime.
  • Reviews: Drive, fight and be a 'DJ Hero'
    For video gamers, the fall season is both a blessing and a curse. While many high-quality titles debut around this time each year, there are only so many dollars to go around.
  • Microsoft bans 1 million Xbox Live players
    It's oh-so enticing: you find a copy of a brand new game like Call of Duty: Modern Warfare 2 on a pirate site and the temptation to download it is too strong.
  • Follow Friday: Military tweets
    With Veterans Day, the continuing investigation into the shootings at Fort Hood and talks continuing on future U.S. troop numbers in Afghanistan, the military has been all over the news this week.

Science


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