Market Info & News
Feds: Brakes weren't applied on crashed NY Prius (AP)
Computer data from a Toyota Prius that crashed in suburban New York City show that at the time of the accident the throttle was open and the driver was not applying the brakes, U.S. safety officials said Thursday.
Obama administration says near deal on Haiti debt (AP)
The Obama administration says it is near an agreement with other nations to cancel the $447 million that Haiti owes to the Inter-American Development Bank.
Viacom, YouTube air dirty laundry in legal battle (AP)
Viacom Inc. and Google Inc.'s YouTube site began airing each other's dirty laundry Thursday, providing a tantalizing peek at the wheeling and dealing that triggered a bitter battle over the copyright laws governing the Internet.
Two-track economy: 9.7% unemployment, $200K cars (AP)
For the super-rich and everyone else, the economic recovery is taking place in two very different gears. A British company is betting there's a market in North America for a $200,000 sports car built with Formula One race technology, announcing Thursday that it will unveil the very expensive new toy late next year.
Stocks end mixed after price, jobs reports (AP)
Major stock indexes ended mixed Thursday on more evidence that the economy is regaining strength at a slow pace. The Dow Jones industrial average rose for an eighth straight day, its longest unbroken climb since August.
Pain in the tank: Gas prices highest since 2008 (AP)
Motorists are paying the highest prices for gas since October 2008. Retail gasoline prices rose on Thursday on an expected increase in demand and as more expensive spring and summer blends of gasoline make their way to the pumps.
Govt rewarded bank auditors with big bonuses (AP)
As banks gambled on the risky mortgages that helped create the worst financial crisis in generations, the U.S. government handed out millions of dollars in bonuses to regulators at agencies that missed or ignored warning signs that the system was on the verge of a meltdown.
FedEx sees economic recovery spreading (AP)
FedEx says the global economic recovery is broadening, as the U.S. economy gains steam and Asia continues to show strong growth.
Barnes & Noble makes CEO switch (AP)
Barnes & Noble changed CEOs Thursday, elevating the president of its Web site to lead the company, a surprise move that highlights the importance of digital books to the bookseller's future.
Porsche takes top spot in dependability study (AP)
Porsche shot to the top of a closely watched study of long-term vehicle dependability, overtaking U.S. and Japanese rivals, J.D. Power and Associates said Thursday.