KNX Business Hour 03.19.2010
After an eight session run up, the Dow comes off a 17 month high closing down 37 points. Nasdaq also comes off its 2010 high closing down 17 points. The S and P 500 closes down 6. The major averages post gains for the third week in a row. The Dow and S an
KNX Business Hour 03.18.2010
The Dow's winning streak extends to eight winning sessions on the latest readings showing a slow recovery. Jobless claims dropped by five thousand over the past week. Inflation at the consumer level last month was nearly non existant according to the gove
KNX Business Hour 03.17.2010
The stock market hits new recovery highs as the latest reading on wholesale inflation comes in better than expected. The Dow closed up 48 points to 10,733, Nasdaq up 11 at 2389 and the S and P 500 gained 7 to 1166. New questions raised in Washington about
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Obama making final health care pitch to House Dems
WASHINGTON (AP) -- Claiming unstoppable momentum but still short of the goal line, President Barack Obama is heading to Capitol Hill to rally House Democrats for a final push on landmark health care legislation....
Thousands of BA flights canceled as crew on strike
LONDON (AP) -- British Airways was scrambling Saturday to deal with the start of a three-day strike by its cabin crew that has thrown the plans of thousands of travelers into chaos....
Judge: $575M settlement rejected for 9/11 'heroes'
NEW YORK (AP) -- A federal judge rejected a multimillion dollar settlement for people sickened by ash and dust from the World Trade Center, saying the deal to compensate 10,000 police officers, firefighters and other laborers didn't contain enough money....
A look at the health care overhaul bill
Congressional Democrats have released a final version of President Barack Obama's health care overhaul bill in advance of a House vote planned for Sunday. Some features of the legislation, which makes changes to the bill the Senate passed on Christmas Eve:...
Police: Arrest in NJ Walmart racial comment case
WASHINGTON TOWNSHIP, N.J. (AP) -- Police say they have made an arrest in the case of a racial comment being made over the public-address system at a Walmart store in southern New Jersey....
Letter: Lehman accounting tricks possibly illegal
NEW YORK (AP) -- A Lehman Brothers whistleblower warned his bosses that accounting gimmicks the bank used before its collapse may have been illegal, his lawyer said Friday....
Final health bill omits some of Obama's promises
WASHINGTON (AP) -- It was a bold response to skyrocketing health insurance premiums. President Barack Obama would give federal authorities the power to block unreasonable rate hikes....
Dodd asks for Justice investigation of Lehman
WASHINGTON (AP) -- Senate Banking Committee Chairman Christopher Dodd is asking Attorney General Eric Holder to investigate the circumstances that led to the spectacular collapse of Lehman Brothers....
PROMISES, PROMISES: Obama in immigration dance
WASHINGTON (AP) -- President Barack Obama promised to make overhauling the immigration system a top priority in his first year as president. He's now in Year Two, and the odds that he'll get to sign a bill before the November midterm elections appear long....
Bair says Senate bill must be tweaked
WASHINGTON (AP) -- A key senator has agreed with the head of the Federal Deposit Insurance Corp. to change new Senate legislation to ensure an end to the "too-big-to-fail" approach that brought the government rushing in to bail out big banks in the financial crisis....
KNX 1070 Money News
Thousands of BA flights canceled as crew on strike
LONDON (AP) -- British Airways was scrambling Saturday to deal with the start of a three-day strike by its cabin crew that has thrown the plans of thousands of travelers into chaos....
Letter: Lehman accounting tricks possibly illegal
NEW YORK (AP) -- A Lehman Brothers whistleblower warned his bosses that accounting gimmicks the bank used before its collapse may have been illegal, his lawyer said Friday....
Stocks fall as worries about Greek debt return
NEW YORK (AP) -- Stocks halted their steady climb Friday after renewed concerns about Greece's ability to pay its debts left investors questioning a global economic recovery....
Regulators shut 7 banks in 5 states; 37 in 2010
WASHINGTON (AP) -- Regulators on Friday shut down seven banks in five states, bringing to 37 the number of bank failures in the U.S. so far this year....
The four cities that best weathered the recession
WASHINGTON (AP) -- Call them the Final Four: The four large cities that have made it through the Great Recession with the smallest increases in unemployment....
Obama making final health care pitch to House Dems
WASHINGTON (AP) -- Claiming unstoppable momentum but still short of the goal line, President Barack Obama is heading to Capitol Hill to rally House Democrats for a final push on landmark health care legislation....
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