Posts Tagged ‘US Crisis’

USA to slow procurement of F-35 fighters

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The U.S. Defense Department said on Thursday it would slow procurement of the multinational F-35 fighter jet being developed by Lockheed Martin Corp to allow more time for testing and design changes before buying bigger numbers.

Americans buy record numbers of guns for Christmas

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Americans bought record numbers of guns last month amid an apparent surge in popularity for weapons as Christmas presents.

Web gambling gets boost from Obama !

WebGambling

The Obama administration cleared the way for states to legalize Internet poker and certain other online betting in a switch that may help them reap billions in tax revenue and spur web-based gambling.

Oracle earnings hit Nasdaq!

Oracle Crash

Technology shares slumped on Wednesday and pushed the Nasdaq down 1 percent after Oracle reported results that cast doubts on the sector’s health, even as broader markets closed flat in a thinly traded day.

American Airlines Parent AMR Files Bankruptcy

American-Airlines

American Airlines parent AMR Corp. filed for bankruptcy after failing to secure cost-cutting labor agreements and sitting out a round of mergers that dropped it from the world’s largest airline to No. 3 in the U.S.

NBA … Back to Life?

NBA Back to Life

After 5 Months of labor crisis, “Basketball is back in business, with a new labor deal that heavily favors the owners, despite some last-minute concessions.”

Americans are careless for Occupy Movement!

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A new USA TODAY/Gallup Poll shows that the “Occupy” movement has failed to capture the attention of a majority of Americans, indicating either ambivalence toward it or lack of interest.

No More Green Life on Earth? Nevada Wildfire!

Nevada WildFire

Nevada’s governor declared a state of emergency on Friday because of a wildfire burning out of control outside of Reno that has destroyed 20 structures, forced 9,500 people from their homes and was blamed for the death of one man.

New York Democracy ! — Occupy Wall Street NOW!

An Occupy Wall Street demonstrator is arrested by New York City Police during what protest organizers called a "Day of Action" in New York

New York police on Thursday prevented protesters from shutting down Wall Street with an Occupy Wall Street rally that led to over 100 arrests but drew fewer than expected demonstrators.

Oil in New York Surges Above $100

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Oil climbed above $100 a barrel in New York to a five-month high as Enbridge Inc. said it will reverse the direction of the Seaway pipeline, adding an outlet for crude from the central U.S. and Canada.