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Business News

Obama details plans to boost exports, create jobs (AP)

President Barack Obama speaks at the Export-Import Bank's Annual Conference in Washington, Thursday, March 11, 2010. (AP Photo/Charles Dharapak)AP - President Barack Obama sought Thursday to put some detail behind his lofty drive to double U.S. exports over the next five years, calling the effort imperative to putting people back to work. But doubts remain about how many net jobs his trade agenda will create — and how he will get it done.


Slowly, Americans are regaining their lost wealth (AP)

FILE - In this Dec. 19, 2009 file photo, shoppers jam Michigan Ave., as they rush to find last minute deals in Chicago. American households saw their wealth increase at the end of last year, mainly because the healing economy boosted stock portfolios.(AP Photo/Jim Prisching, file)AP - Americans are recovering their shrunken wealth — gradually. Household net worth rose last quarter, mainly because the healing economy boosted stock portfolios. But the gain was slight. And it was less than in the previous two quarters.


Citigroup CEO says bank on path to profitability (AP) AP - Citigroup Inc. is poised to return to "sustained profitability" as it sheds risky assets and focuses on emerging markets, CEO Vikram Pandit said Thursday.Gov't may seek more authority on vehicle safety (AP)

Toyota Prius vehicles are seen for sale Wednesday, March 10, 2010, in Hayward, Calif. The government sent investigators Tuesday to examine a Prius that sped out of control on a California freeway, and Toyota said it wanted to interview the driver as the besieged automaker dealt with a high-profile new headache that raised questions about the safety of its beloved hybrid. A day after state troopers helped the car slow to a stop and its driver to emerge unharmed, Toyota could shed no new light on what might have gone wrong. (AP Photo/Ben Margot)AP - Government vehicle safety regulators may seek greater authority to investigate defects in cars and trucks following Toyota's recall of more than 8 million vehicles for safety problems.


Former aide to US Rep. Shays pleads guilty (AP) AP - The ex-campaign manager for former U.S. Rep. Chris Shays pleaded guilty Thursday to tax evasion and to taking more than $250,000 in campaign money for car repairs, limousine rides, baseball tickets, furniture and other personal uses.