Six imperatives for financial regulation: Summers (Reuters)

March 13, 2010 by Yahoo! News: Economy News  
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Reuters - The United States should rethink domestic and global financial regulation, Lawrence Summers, director of the White House's National Economic Council, said on Friday, outlining six "imperatives."

Texas ed board vote reflects far-right influences (AP)

March 13, 2010 by Yahoo! News: Economy News  
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Diana Gomez, left, and Garrett Mize, along with other University of Texas students, rally before a State Board of Education meeting in Austin, Texas, on Wednesday, March 10, 2010. A group of 40 students marched to the public hearing to ask 'the far-right, conservative faction of the state board to not inject their political agenda into the social studies and history curriculum.' (AP Photo/Jack Plunkett)AP - A far-right faction of the Texas State Board of Education succeeded Friday in injecting conservative ideals into social studies, history and economics lessons that will be taught to millions of students for the next decade.


Obama eyes Fed picks in central bank revamp (AFP)

March 13, 2010 by Yahoo! News: Economy News  
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US President Barack Obama (pictured on March 11) is strongly considering three candidates to fill vacancies at the Federal Reserve board, the White House said Friday as he moves to revamp the central bank. San Francisco regional central bank chief Janet Yellen, a policy dove, is a AFP - US President Barack Obama is strongly considering three candidates to fill vacancies at the Federal Reserve board, the White House said as he moves to revamp the central bank.


Nortel sales decline as customers cut spending (Reuters)

March 13, 2010 by Yahoo! News: Economy News  
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Reuters - Bankrupt Nortel Networks Corp on Friday posted a 62 percent drop in quarterly revenue, as customers cut spending in the face of uncertainty about its bankruptcy proceedings and the shaky economy.

Data, Fed to test if rally has legs (Reuters)

March 13, 2010 by Yahoo! News: Economy News  
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Reuters - Investors will try to tack another leg on to the year-long U.S. stock rally, looking to next week's economic data and statement from the central bank for evidence the recovery is still on track.

Texas ed board vote reflects far-right influences (AP)

March 12, 2010 by Yahoo! News: Economy News  
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State Board of Education member Mary Helen Berlanga listens to debate during an SBOE meeting in Austin, Texas, on Friday, March 12, 2010. Earlier in the day, the board voted 10-5 to preliminarily adopt a new, more conservative, social studies curriculum. Berlanga, who voted against the changes, decorated her desk with signage of past minority discrimination.(AP Photo/Jack Plunkett)AP - A far-right faction of the Texas State Board of Education succeeded Friday in injecting conservative ideals into social studies, history and economics lessons that will be taught to millions of students for the next decade.


Summary Box: Retail sales post surprising gain (AP)

March 12, 2010 by Yahoo! News: Economy News  
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AP - RETAIL SALES: Retail sales rose 0.3 percent in February, surprising economists who had forecast a decline because of their expectation that major snowstorms would keep consumers away from stores.

Data, Fed to test if rally still has legs (Reuters)

March 12, 2010 by Yahoo! News: Economy News  
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Reuters - Investors will try to tack another leg on to the year-long U.S. stock rally, looking to next week's economic data and statement from the central bank for evidence the recovery is still on track.

US wine exports fall 15 percent in 2009 (AP)

March 12, 2010 by Yahoo! News: Economy News  
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AP - People worldwide are still buying U.S. wine in a tight economy, although exports were down in 2009 from 2008's record-setting year.

Union Pacific CEO seeing signs of better business (AP)

March 12, 2010 by Yahoo! News: Economy News  
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AP - The CEO of Union Pacific said Friday that shipments carried by the nation's biggest railroad are stronger than expected this year, but are still a long way from full recovery.

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