World News Center
Senate to take up unemployment insurance extension (AP)
March 9, 2010AP - Legislation extending unemployment insurance for the long-term jobless faces a key test vote in the Senate, its momentum helped by about 60 popular tax breaks for individuals and businesses that expired at the end of last year.
Sony to start selling 3-D TVs in June (AP)
March 9, 2010
AP - Sony Corp. said Tuesday it will start selling 3-D televisions in June, joining a competitive industrywide push to convince consumers to embrace the technology for their living rooms.
Asian stocks mixed after lackluster US finish (AP)
March 9, 2010
AP - Asian stocks were mixed Tuesday, taking a breather after sharp gains the day before as investors awaited more clues about the health of the world economy.
China: US assets should not be 'politicized' (AP)
March 9, 2010
AP - An official in charge of China's foreign reserves tried to ease American concern Tuesday about the political impact of its huge holdings of U.S. government debt and indicated Beijing has no plans for a big increase in its gold stockpile.
Portugal's Socrates defends austerity plan (AFP)
March 9, 2010
AFP - Big business and the rich will bear the brunt of Portugal's new austerity programme, the country's socialist prime minster said as his government announced spending cuts and select tax rises.
Oil hovers below $82 after monthlong run-up (AP)
March 9, 2010
AP - Oil prices hovered below $82 a barrel Tuesday in Asia, losing momentum after a monthlong run-up fueled by growing investor optimism about global economic growth.
(AP)
March 9, 2010AP - Defense Sec. Gates in Afghanistan to meet with military commanders.
Jobs outlook may be too optimistic: SF Fed study (Reuters)
March 9, 2010Reuters - The widely held outlook that U.S. unemployment will ease this year may be overly rosy if companies continue to boost productivity at faster-than-usual levels, economists from the San Francisco Federal Reserve Bank said in a study released on Monday.
Severstal posts $162 mln net loss in Q4 (AP)
March 9, 2010AP - Russia's largest steelmaker Severstal says its fourth quarter net loss narrowed sharply to $162 million and expects market improvements in the year ahead.
Portugal adds austerity measures (AP)
March 9, 2010
AP - Portugal announced new austerity measures Monday to avoid a debt crisis like the one engulfing Greece, cutting welfare benefits and government hiring as well as selling assets and raising taxes on the well-off.
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