World News Center
Foreclosure rates up by smallest amount in 4 years (AP)
March 11, 2010
AP - The foreclosure crisis isn't over, but the pace of growth may finally be slowing down.
2-second video causes headache for ABC News (AP)
March 11, 2010
AP - For the want of a better two-second picture of a tachometer, ABC News has called into question its reporting on acceleration problems with Toyota vehicles.
Watchdog: GMAC bailout could cost taxpayers $6.3B (AP)
March 11, 2010
AP - The Treasury Department sank billions into auto finance giant GMAC Inc. without an exit strategy or proof the company was viable — a decision that could cost taxpayers $6.3 billion, a new watchdog report says.
Spike in Prius complaints may not be all it seems (AP)
March 11, 2010
AP - Reports of sudden acceleration in the Toyota Prius have spiked across the country. But that doesn't mean there's an epidemic of bad gas pedals in the popular hybrid.
Senate passes $149 billion for jobless aid (Reuters)
March 11, 2010Reuters - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.
China inflation accelerates in February (AP)
March 11, 2010
AP - China's inflation spiked higher in February, adding to pressure on Beijing to prevent overheating and keep the recovery in the world's third-largest economy on track.
SEC chief economist leaving (AP)
March 11, 2010AP - The chief economist of the Securities and Exchange Commission, who is an expert on the financial instruments that figured largely in the 2008 crisis, is leaving his position for the private sector.
Credit card users: Not so responsible after all? (AP)
March 11, 2010AP - With unemployment high and personal wealth diminished, how was it that strapped consumers were paying down their credit card debt last year? It turns out they probably weren't.
Hill International 4th-quarter profit rises (AP)
March 11, 2010AP - Construction consultant Hill International Inc. said Wednesday that its fourth-quarter profit more than doubled as revenue from its project management and construction claims units rose and selling, general and administrative expenses fell.
Britain confronts debt of Greek proportions (AP)
March 11, 2010
AP - Government debt is growing, as is the deficit. The economy is struggling to get out of recession and there is talk of spending cuts or higher taxes. The unions are on edge. And the currency is plummeting.
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