Monthly Archives: February 2011

Metals prices rise on positive signs for economy (AP)

Written on February 28, 2011 by Editor - Business News

AP – Prices rose Monday for metals used in manufacturing as new reports suggested the U.S. economy is improving. Silver, palladium, platinum and copper all settled higher. Continue reading →

Filed under Business | Tagged , , , , , |

China’s holdings of US debt jump 30 percent

Written on February 28, 2011 by Editor - Finance Top Stories

[AP] – China, the biggest buyer of U.S. Treasury securities, owns a lot more than previously estimated. In an annual revision of the figures, the Treasury Department said Monday that China’s holdings totaled $1.16 trillion at the end of December. Continue reading →

Filed under Financial | Tagged , , , , , |

Easing oil price, economic news send stocks higher

Written on February 28, 2011 by Editor - Finance Top Stories

[AP] – Stocks are closing higher after oil prices stabilized below $100 a barrel as worries eased over the conflict in Libya. The Commerce Department said that consumer incomes rose by the largest amount in nearly two years in January. Continue reading →

Filed under Financial | Tagged , , , , , |

Tax cut has little impact on economy in January

Written on February 28, 2011 by Editor - Finance Top Stories

[AP] – A Social Security tax cut that economists say should help the economy this year is off to a slow start. Consumers increased their spending last month at the weakest pace since June, even with the extra money in their paychecks. Continue reading →

Filed under Financial | Tagged , , , , , |

Severe storms hit the mid-Atlantic and South (Reuters)

Written on February 28, 2011 by Editor - Science News

Reuters – WASHINGTON (Reuters) — A severe weather front was bringing high winds, lightning, hail, flooding and a few tornadoes to the Southeast and mid-Atlantic on Monday, forecasters said. Continue reading →

Filed under Science | Tagged , , , , , , |

RIM rep says PlayBook will support Android apps (Appolicious)

Written on February 28, 2011 by Editor - Technology News

Appolicious – Rumors have been floating around about Research in Motion’s (RIMM) big entry into the tablet race, the BlackBerry PlayBook, might support Android apps at some point, but a possible slip-up by a RIM rep at Mobile World Congress earlier t… Continue reading →

Filed under Technology | Tagged , , , , |

VW takes stake in SGL Carbon, partner with rival BMW (AFP)

Written on February 28, 2011 by Editor - Business News

AFP – Volkswagen, Europe’s biggest carmaker, has taken an eight-percent stake in SGL Carbon — already a strategic partner with VW rival BMW, the leading carbon-based product maker announced Monday. Continue reading →

Filed under Business | Tagged , , , , , |

$2B power line project from WVa to Md. suspended (AP)

Written on February 28, 2011 by Editor - Business News

AP – Economic forecasts of weaker-than-expected demand for electricity in the Mid-Atlantic states prompted two utilities on Monday to suspend plans to build a $2 billion power line from West Virginia to Maryland. Continue reading →

Filed under Business | Tagged , , , , , |

Authorities: Man persuaded moms to abuse kids (AP)

Written on February 28, 2011 by Editor - Top Stories

AP – A Michigan man posed as a psychologist and persuaded mothers across the country to sexually assault their children as a form of therapy, then send him the images of the attacks, authorities said Monday. Continue reading →

Filed under Top Stories | Tagged , , , , , , , , , , , , , , , |

US approves first deep-water well in Gulf (AP)

Written on February 28, 2011 by Editor - Business News

AP – The U.S. has approved the first deep-water drilling permit in the Gulf of Mexico since last year’s massive oil spill. Continue reading →

Filed under Business, Science | Tagged , , , , , |