AFP – The US economy showed signs of green shoots in February despite blasts of wintry weather, although modest growth was patchy, data has shown ahead of a key government labor report.
Reuters – A prominent Miami couple was charged by U.S. securities regulators on Wednesday with running a $135 million Ponzi scheme that victimized elderly Cuban-Americans living in South Florida.
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AFP – US stocks posted solid gains the past week on the back of positive economic data and mostly improved company earnings with attention focused on any easing of monetary policy by the Federal Reserve.
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AP – Wal-Mart Stores Inc., one of the recession’s biggest beneficiaries, felt the pinch during the fourth quarter as quarterly sales fell at its namesake U.S. division for the first time in memory.
AP – A small plane crashed Wednesday in a residential neighborhood shrouded in heavy fog, killing all three aboard, igniting fires and scattering debris onto a house where a children’s day care center operated, authorities said. There were no reports of injury on the ground, and fires caused by the crash were soon extinguished.
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Reuters – The U.S. economy will lose $2.4 trillion over the next two decades if the federal government does not allow oil and natural gas drilling in restricted onshore lands and in offshore areas previously closed to energy companies, according to a new study released on Monday.
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Reuters – The NBA could lose around $400 million this year because of the flagging economy and a crippling labor agreement, according to commissioner David Stern.
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Reuters – The United Auto Workers union, fighting to stop Toyota Motor Corp from closing a California plant and leaving 4,500 people jobless, said on Friday the automaker had forgotten the focus that brought it success.
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Reuters – California’s receipts in January were $1.28 billion, or 18.6 percent, above estimates in Governor Arnold Schwarzenegger’s budget plan, State Controller John Chiang’s office said on Wednesday.
AP – Nevada’s budget is so far out of balance that by one account the state could lay off every worker paid from the general fund and still be $300 million in the red. The economic downturn has hit so hard that prisons may be closed, entire colleges shuttered and thousands left without jobs.
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