Monthly Archives: August 2011

Inside the spy unit that NYPD says doesn’t exist (AP)

NEW YORK – Working with the CIA, the New York Police Department maintained a list of “ancestries of interest” and dispatched undercover officers to monitor Muslim businesses and social groups, according to new documents that offer a rare glimpse inside … Continue reading

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AP Exclusive: Japan nuke holdout resolved to stay (AP)

TOMIOKA, Japan – Vines creep across Tomioka’s empty streets, its prim gardens overgrown with waist-high weeds and meadow flowers. Dead cows rot where they were left to starve in their pens. Chicken coops writhe with maggots, a sickening stench hanging … Continue reading

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Strong autos drove July factory orders up 2.4 pct. (AP)

WASHINGTON – U.S. factory orders rose strongly in July on the biggest jump in demand for autos in more than eight years and a surge in commercial airplane orders. The increase suggests supply chain disruptions created by the Japan crisis … Continue reading

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Libyan rebels: Gadhafi son offers to surrender (AP)

TRIPOLI, Libya – Moammar Gadhafi’s son al-Saadi is trying to negotiate the terms of his own surrender, the rebel commander in Tripoli told The Associated Press on Wednesday in what would be a major blow to the Libyan leader’s crumbling … Continue reading

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East struggles to recover from Irene (AP)

NEWFANE, Vt. – Only one flooded Vermont town remained cut off from the outside world Wednesday, but National Guard helicopters were still dropping food and water on storm-ravaged parts of the state as the Eastern seaboard struggled to recover from … Continue reading

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Government sues to block AT&T, T-Mobile merger (AP)

WASHINGTON – The Justice Department filed suit Wednesday to block ATT’s $39 billion deal to buy T-Mobile USA on grounds that it would raise prices for consumers. The government contends that the acquisition of the No. 4 wireless carrier in … Continue reading

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Nebraska governor asks Obama to nix Keystone pipeline (Reuters)

WASHINGTON (Reuters) – Nebraska’s governor urged U.S. President Barack Obama on Wednesday to block TransCanada’s planned Keystone oil pipeline from Alberta to the Gulf Coast, saying it could hurt a regional water source. The State Department could issue a presidential … Continue reading

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Bill Gross and the Case for Buy Low and Hold (The Motley Fool)

Bill Gross, head of bond giant PIMCO, made news earlier this year by getting out of U.S. Treasuries. The end of the Fed’s quantitative easing, he reckoned, was going to be bad for bonds. Prices would fall, yields would rise. … Continue reading

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Exclusive: Collateral fees may end Greek row: Austrian finmin (Reuters)

ALPBACH, Austria (Reuters) – Euro zone countries are discussing ways to charge fees on any collateral Greece would use to back bailout loans, an approach that could resolve a nasty row over a second rescue package, Austrian Finance Minister Maria … Continue reading

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Brown-Forman posts higher 1Q profit (AP)

LOUISVILLE, Ky. – Liquor maker Brown-Forman Corp. mixed a new Jack Daniel’s honey-flavored whiskey with strong sales overseas to come up with a 6 percent increase in its first-quarter profit. Company executives also said Wednesday they see improvement in liquor … Continue reading

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