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Oil hovers above $81 amid mixed US inventory data (AP)
10.03.2010 , Yahoo Business

In this image released by Nord Stream on Tuesday March 9, 2010 shows the wheel of a 18th or 19th century  sailing ship seen in the waters of the Baltic Sea.   A dozen centuries-old shipwrecks  some of them unusually well-preserved  have been found in the Baltic sea by a gas company building an underwater pipeline between Russia and Germany, Swedish experts said Tuesday. The oldest wreck probably dates back to medieval times and could be up to 800 years old, while the others are likely from the 17th to 19th centuries, said Peter Norman, of Sweden's National Heritage Board. (AP Photo/Nord Stream, Ho)AP - Oil prices hovered above $81 a barrel Wednesday in Asia after a report showed mixed evidence about U.S. crude demand.


Who spends more time on job search: the unemployed in US or Europe?
10.03.2010 , Christian Science Monitor - Work and Money

America's unemployed spend more time on job search on average, but it varies depending on unemployment benefits, a new study says.


'IMF' for Europe a distracting sideshow: experts (AFP)
10.03.2010 , Yahoo Business

A man looks at a poster showing the Slovak edition of the euro. Talk of a European version of the International Monetary Fund to rescue errant EU states is little more than a distracting sideshow, analysts and a key central banker say.(AFP/File/Samuel Kubani)AFP - Talk of a European version of the International Monetary Fund to rescue errant EU states is little more than a distracting sideshow, analysts and a key central banker say.


Retail sales jump, as snow melts and shoppers emerge
10.03.2010 , Christian Science Monitor - Work and Money

Retail sales for the week ending March 6 rose a robust 2.9 percent from a week earlier. Freed from snow and shovels, and ready for spring, shoppers bust loose.


China's February exports jump 45.7 percent (AP)
10.03.2010 , Yahoo BusinessAP - China's exports grew strongly in February in a new sign of a rebound in global demand, government figures showed Wednesday.
Toyota, U.S. officials investigate runaway Prius (Reuters)
10.03.2010 , Yahoo Business

In this Feb. 7, 2010 photo, the tailends of unsold 2010 Toyota Prius sedans form a long line at a Toyota dealership in Lakewood, Colo. Toyota owners and stockholders have peppered the Japanese automaker with more than 80 class-action lawsuits in the wake of widespread recalls, some contending that defective engineering has caused injuries or deaths and others claiming the company's woes have damaged the value of the vehicles. (AP Photo/David Zalubowski)Reuters - U.S. safety regulators and Toyota dispatched teams on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier, as the automaker struggled to reassure consumers shaken by its recall crisis.


Oil slips for 2nd day as U.S. crude inventories climb (Reuters)
10.03.2010 , Yahoo Business

In this image released by Nord Stream on Tuesday March 9, 2010 shows the wheel of a 18th or 19th century  sailing ship seen in the waters of the Baltic Sea.   A dozen centuries-old shipwrecks  some of them unusually well-preserved  have been found in the Baltic sea by a gas company building an underwater pipeline between Russia and Germany, Swedish experts said Tuesday. The oldest wreck probably dates back to medieval times and could be up to 800 years old, while the others are likely from the 17th to 19th centuries, said Peter Norman, of Sweden's National Heritage Board. (AP Photo/Nord Stream, Ho)Reuters - Oil fell for a second day on Wednesday after an industry report showed U.S. crude stockpiles jumped more than expected last week, dampening hopes of a strong recovery of demand in the world's top user.


Soaring China home prices thwart ordinary buyers (AP)
10.03.2010 , Yahoo BusinessAP - The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai have soared, putting home purchases out of reach for white collar workers and professionals.
EU urges US to join in action against speculators (AP)
10.03.2010 , Yahoo BusinessAP - European officials urged the U.S. to join in a crackdown on speculators who bet against Europe's currency union, warning they might ban some credit default swaps — opaque financial instruments blamed for worsening the world financial crisis.
Asian stock markets trade in narrow range again (AP)
10.03.2010 , Yahoo Business

Traders work on the floor of the New York Stock Exchange in this March 9, 2009 file photo. U.S. stocks edged higher on March 9, 2010, the one-year anniversary of the market lows reached in the recession, helped by gains in industrial shares as optimism about the recovery remained intact.   REUTERS/Brendan McDermid/Files (UNITED STATES - Tags: ANNIVERSARY BUSINESS)AP - Asian stock markets were little moved in early trading Wednesday after investors in the U.S. seemed to pause and look back on a year of recovery from the market's 12-year lows.


ICF International's 4Q net ticks higher (AP)
10.03.2010 , Yahoo BusinessAP - ICF International Inc.'s quarterly profit ticked higher as the company benefited from a lower tax rate and higher revenue from its consulting and technology services.
Feds to probe cause of runaway Prius in California (AP)
10.03.2010 , Yahoo Business

A row of Toyota Prius cars sits on the lot at Toyota of El Cajon Tuesday, March 9, 2010 in El Cajon, Calif. Driver James Sikes' 2008 Toyota Prius raced out of control on a San Diego freeway Monday. A California Highway Patrol officer helped him stop the car. (AP Photo/Denis Poroy)AP - The government sent investigators Tuesday to examine a Prius that sped out of control on a California freeway, and Toyota said it wanted to interview the driver as the besieged automaker dealt with a high-profile new headache that raised questions about the safety of its beloved hybrid.


Dollar General sues rival chain over colors (AP)
10.03.2010 , Yahoo BusinessAP - Dollar General Corp. has filed a federal lawsuit against rival discount chain Fred's Inc., claiming the smaller company is using its trademark yellow and black colors.
Gas price rises seen gentler on consumer wallets (AP)
10.03.2010 , Yahoo Business

U.S. Secretary of Energy Steven Chu, left, answers questions from IHS CERA chairman Daniel Yergin, right, at a global energy conference hosted by IHS Cambridge Energy Research Associates Tuesday, March 9, 2010, in Houston. The Energy Department forecast that the average price for gasoline won't rise much above $3.00 per gallon this year.(AP Photo/Pat Sullivan)AP - As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets.


Balsam Hill ™ Instant Evergreen Christmas Tree Debuts and Sells Out on QVC
10.03.2010 , PR Web - Trade

Consumers respond to the newest artificial Christmas tree at Balsam Hill during the company’s first-time partnership with QVC. (PRWeb Mar 9, 2010)

Read the full story at http://www.prweb.com/releases/balsamhill/artificialchristmastree/prweb3701944.htm

The Home Improvement Industry - A $300 Billion Giant
10.03.2010 , PR Web - Trade

The home improvement industry is a key ingredient to stimulating the economy despite being overlooked by Congressional leaders, neglected by the financial press and remaining an enigma to economists. (PRWeb Mar 9, 2010)

Read the full story at http://www.prweb.com/releases/2010/03/prweb3681144.htm

US seeks talks to avert trade war with Brazil (AFP)
10.03.2010 , Yahoo Business

US Secretary of Commerce Gary Locke (C) leaves the Brazilian Trade Ministry after meeting with the Brazilian Trade Minister Miguel Jorge, in Brasilia. Locke said Tuesday that Washington was seeking talks with Brazil before it imposes retaliatory trade tariffs for US cotton subsidies the WTO ruled as discriminatory.(AFP/Adriano Machado)AFP - Visiting US Commerce Secretary Gary Locke said Tuesday that Washington was seeking talks with Brazil before it imposes retaliatory trade tariffs for US cotton subsidies the WTO ruled as discriminatory.


Scrap British police 'stop and search' power
10.03.2010 , Christian Science Monitor - Work and Money

Passed in 2000, the law allows British police to stop and search anyone in London without giving a reason.


Obama: Greece, facing bad days, has US as ally (AP)
10.03.2010 , Yahoo Business

Treasury Secretary Timothy Geithner talks with Greek Prime Minister George Papandreou before their meeting, Tuesday, March 9, 2010, in Washington. (AP Photo/Haraz N. Ghanbari)AP - President Barack Obama stood with Greek Prime Minister George Papandreou on Thursday and pledged that the United States would work with its ally, even as Greece's enormous debts sparked frenzied trading.


Flow International narrows 3Q loss (AP)
10.03.2010 , Yahoo BusinessAP - Flow International Inc., which makes water jet machines for cutting and cleaning applications, said Tuesday it narrowed its loss in the third quarter, compared with a year-ago quarter weighed by a hefty charge.
It's spring: Pay attention to the market setup
10.03.2010 , Christian Science Monitor - Work and Money

On Wall Street, the setup is a technical formation, usually the harbinger of a profitable trade.


J Crew beats in quarter, posts robust sales (Reuters)
10.03.2010 , Yahoo BusinessReuters - Apparel retailer J Crew Group Inc on Tuesday posted a net profit in its holiday quarter that beat Wall Street estimates, helped by tight inventory and double-digit sales growth.
What if a jury – not voters – decided elections?
10.03.2010 , Christian Science Monitor - Work and Money

Politicians promise more government to lure marginal voters. One solution would be to let a random sample of jurors decide elections.


Green movement proving expensive for California
10.03.2010 , Christian Science Monitor - Work and Money

The green movement in California might be costing the state much-needed revenue.


A biometric ID card for all American workers?
10.03.2010 , Christian Science Monitor - Work and Money

Advocates of an immigration overhaul are proposing biometric ID cards for all American workers.


Bailed-out U.S. financial stocks surge (Reuters)
10.03.2010 , Yahoo BusinessReuters - The shares of companies bailed out by the U.S. government during the financial crisis surged on Tuesday, fueled by speculation about money-making asset sales, cheap valuations and a recovery.
Gas price rises seen gentler on consumer wallets (AP)
10.03.2010 , Yahoo BusinessAP - As the economy recovers, energy prices are rising and that is placing extra strain on families' budgets.
Toyota exec says sales rise 50 pct from March 2009 (AP)
10.03.2010 , Yahoo BusinessAP - A high-ranking Toyota executive says the automaker's North American sales spiked around 50 percent the first eight days of March as incentives helped lure customers after a series of embarrassing safety recalls.
Kan. mulling new soda tax, raising other levies (AP)
10.03.2010 , Yahoo BusinessAP - Kansas would impose a new tax on soda — a penny for every teaspoon of sugar — under a proposal that a key legislator outlined Tuesday while lawmakers considered raising taxes to erase a projected budget shortfall.
Loss shrinks at Collective Brands, Payless parent (AP)
10.03.2010 , Yahoo BusinessAP - Collective Brands Inc., which operates the low-price Payless Shoe Source chain, on Tuesday reported a smaller loss for its fourth quarter as its margins improved.