Schwarzenegger threatens to veto ‘a lot’ of bills unless Calif. lawmakers reach water dealSACRAMENTO, Calif. — Gov. Arnold Schwarzenegger said Thursday he will veto hundreds of bills unless lawmakers agree on a comprehensive fix for the state’s aging water system. Congress voting to extend hate crime laws to cover attacks based on sexual orientationWASHINGTON — Assaulting people because of their sexual orientation would become a federal hate crime in legislation the House is set to vote on Thursday. The bill would significantly expand the hate crimes law enacted in the days after Martin Luther King Jr.’s assassination in 1968. Rep. Frank: Banks aren’t playing nice, Congress should enact credit card bill earlierWASHINGTON — Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: Start playing nice or Congress will make your life even more difficult. Congress voting to extend hate crimes to cover attacks based on sexual orientationWASHINGTON — Assaulting people because of their sexual orientation would become a federal hate crime in legislation the House is set to vote on Thursday. The bill would significantly expand the hate crimes law enacted in the days after Martin Luther King Jr.’s assassination in 1968. PepsiCo tweaks discount timing to keep consumers spending, sees price as key for long termMILWAUKEE — Bearing in mind that consumers will remain focused on low prices even when the recession ends, soft drink and snack maker PepsiCo Inc. said Thursday that it’s creating new products at lower prices and plans to continue offering discounts in its Frito-Lay and beverage businesses. Major US carriers expected to post 3Q losses, as traffic picks up and bankruptcy fears ebbDALLAS — There isn’t much suspense around the upcoming third-quarter earnings reports from U.S. airlines — most big carriers likely finished in the red — but a recent uptick in travel may indicate a recovery is about to take off. AP Source: GM close to signing deal to sell Hummer brand to Chinese manufacturerDETROIT — General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, a person briefed on the deal said. Judge approves Sun-Times sale, unions expected to approve contract changesWILMINGTON, Del. — A Delaware bankruptcy judge on Thursday approved the sale of the Chicago Sun-Times and other newspapers owned by its parent company to a group led by Chicago businessman Jim Tyree. Carter’s shares rise after Sterne Agee upgrades, sees further gains in shares to comeNEW YORK — After rising nearly 38 percent so far this year, Carter’s Inc. shares may gain another 25 percent in the next 12 months, said a Sterne Agee analyst, upgrading the maker of infant and children’s clothes. Freddie Mac: Rates on 30-year fixed mortgages stay below 5 percent for 2nd-straight weekMcLEAN, Va. — Average rates for 30-year home loans stayed below 5 percent for the second-straight week, kick-starting refinancing activity, Freddie Mac said Thursday. Stocks climb after upbeat retail sales, better jobs data and surprising profit from AlcoaNEW YORK — Stocks resumed their climb as investors got upbeat readings on two of the best gauges of the economy’s health: consumer spending and corporate profits. Climactic Senate Finance committee vote set for Tuesday on 10-year, $829B health care billWASHINGTON — The Senate’s top Democrat on Thursday accused Republicans of a strategy of “distortion, distractions and deception” on health care as he announced a pivotal committee will vote next week on a comprehensive bill. Republicans said the legislation still costs too much and expands the reach of government. Oil above $70 despite massive petroleum surpluses as dollar gets weakerNEW YORK — Energy prices climbed higher Thursday despite massive petroleum surpluses as the dollar got weaker and equities markets rose. Analysts increase 2010 estimates, shares rise after Alcoa posts third-quarter profitHARTFORD, Conn. — Shares of Alcoa Inc. rose Thursday, a day after the aluminum maker surprised Wall Street with a third-quarter profit and an optimistic forecast for worldwide aluminum demand. Rep. Frank: Banks aren’t playing nice, Congress should move up enactment of credit card billWASHINGTON — Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: Start playing nice or Congress will make your life even more difficult. European Central Bank, Bank of England leave key interest rates unchanged at record lowsFRANKFURT — The European Central Bank on Thursday left its key interest rate unchanged at a record low of 1 percent and indicated it wouldn’t raise it in the near future — even as bank president Jean-Claude Trichet said the worst of the recession has passed. Wholesale inventories drop for 12th straight month in Aug.; sales rise by most since June 2008WASHINGTON — Businesses reduced inventories at the wholesale level for a record 12th consecutive month in August, often evidence that companies are trimming orders to factories, which helped depress economic output during the recession. But in an encouraging sign, sales at the wholesale level jumped by the largest amount in 14 months. Retail recovery at hand? Stores report September sales gain, breaking 13-month losing streakNEW YORK — The nation’s stores saw their first sales gain in 14 months in September, a sign of life from shoppers that fuels some hope for the holiday shopping season. Stocks open higher after surprising profit report from Alcoa, better jobless claims numbersNEW YORK — Stocks have resumed their climb after Alcoa kicked off earnings season with an unexpected profit and the government reported a drop in initial claims for jobless benefits. Stocks open higher after surprising profit from Alcoa, drop in initial jobless claimsNEW YORK — Stocks are higher after Alcoa kicked off earnings season with an unexpected profit and initial claims for jobless benefits fell more than expected. Son of slain 100-year-old woman says mom, strangled in Mass. nursing home, was happy, activeDARTMOUTH, Mass. — A 100-year-old woman found strangled in a nursing home with a plastic bag over her head loved living at the home, where she happily played bingo and doled out daily hugs to other residents, her son said Thursday. Oil above $70 in European trade on weaker dollar, mixed inventory, fresh Nigeria riskOil prices rose above $70 a barrel Thursday amid a weakening U.S. dollar, mixed crude inventory data and a decision by Nigeria’s main rebel group to resume attacks next week on the country’s oil industry. Analysis: Obama’s problems mounting around globe, overshadowing a few bright spotsWASHINGTON — The woes keep piling up for President Barack Obama. Target posts decline in key sales metric for September but tops analyst estimatesMINNEAPOLIS — Target says a key sales measure dipped 1.7 percent in September but beat analyst estimates. The result led the discount retailer to predict third-quarter earnings per share above Wall Street’s forecast. Stock futures climb after surprising profit from Alcoa, drop in initial jobless claimsNEW YORK — Stocks appear headed to a sharply higher opening Thursday after Alcoa kicked off earnings season with an unexpected profit and weekly jobless claims fell more than expected. New jobless claims drop more than expected to 521,000, lowest level since JanuaryWASHINGTON — The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs eased a bit amid a fledgling economic recovery. European Central Bank, Bank of England leave interest rates unchangedFRANKFURT — The European Central Bank and the Bank of England both left their key interest rates unchanged Thursday at record lows. Retailers report September sales declines, though many results come in better than expectedNEW YORK — A late Labor Day and delayed school openings offered some relief to merchants in September, helping to boost sales above Wall Street expectations. But spending still remains tepid as consumers focused on necessities amid job worries and tight credit. European Central Bank leaves main interest rate unchanged at 1 percentFRANKFURT — The European Central Bank left its key interest rate unchanged at 1 percent on Thursday. Retailers report sales declines for September as shoppers worry about jobs, tight creditNEW YORK — Early September reports from retailers show weak sales as shoppers cut back on fall clothing purchases amid worries about jobs and tight credit. |
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