Obama: Jobs plan will ‘jump-start’ hiring

ALLENTOWN, Pa. – Even as he trumpeted a slowdown in the nation’s job losses Friday, President Barack Obama put finishing touches on a proposal he’ll unveil next week to “jump-start” business hiring across America. In a speech from Washington on Tuesday, Obama plans to send Congress an initial list of ideas he supports for a new jobs bill. Among the ideas he will likely endorse is the expansion of a program that... [more]

Petters plans appeal of $3.5B fraud conviction

MINNEAPOLIS – With Minnesota businessman Tom Petters’ planning to appeal his convictions in a Ponzi scheme that cost investors more than $3.5 billion, the fight over his future and how to compensate victims of the fraud will likely drag on for years. Petters’ defense team announced Thursday it planned to appeal his conviction on 20 counts of wire fraud, mail fraud, conspiracy and money laundering. Efforts to recover money... [more]

Cisco to proceed with $3.4 billion Tandberg deal

SAN JOSE, Calif. - Cisco Systems Inc. says it is waiving its condition that 90 percent of shareholders of Norwegian videoconferencing equipment firm Tandberg ASA back its $3.4 billion takeover offer and will close the deal as soon as possible. Cisco, the world’s largest computer networking equipment maker, said holders of 89 percent of Tandberg shares have agreed to the company’s $30.32-per-share offer as of Thursday, when... [more]

Bills, Jets trade first-quarter field goals

TORONTO – Buffalo’s Rian Lindell and New York’s Jay Feely tradedfield goals, and the Bills and Jets were tied 3-3 after the first quarter on Thursday night. The Bills picked up where they left off on Sunday when they scored 24 unanswered points in the fourth quarter in their win over Miami, scoring on their opening drive when Lindell capped a 52-yard drive with a 49-yard field goal. On that drive, Buffalo quarterback Ryan... [more]

Universal Studios unfazed by Comcast deal

UNIVERSAL CITY, Calif. – Almost everywhere you look at Universal Studios Hollywood, there are signs flaunting the 5-year-old marriage ofNBC and Universal. There’s the billboard of Conan O’Brien from NBC’s “The Tonight Show” smiling down at visitors on their way to the ride based on Universal Pictures’ “Jurassic Park,” and those cutouts of the bubbly hosts from the NBC-owned entertainment... [more]

Clinton arrives for NATO talks, praises allies

BRUSSELS – U.S. Secretary of State Hillary Rodham Clinton, arriving Friday at NATO headquarters, welcomed an expected series of announcements by allied nations of additional military, civilian and financial support for the war effort in Afghanistan. Clinton was attending a string of meetings here with allied foreign ministers and with representatives of non-NATO countries that have troops in Afghanistan, plus Russia. She sought to... [more]

Global warming may require higher dams, stilts

With the world losing the battle against global warming so far, experts are warning that humans need to follow nature’s example: Adapt or die. That means elevating buildings, making taller and stronger dams and seawalls, rerouting water systems, restricting certain developments, changing farming practices and ultimately moving people, plants and animals out of harm’s way. Adapting to rising seas and higher temperatures is expected... [more]

Airport crowds not a problem

BURBANK — Professional travelers know to avoid airports, bus stations, train stations or freeways during Thanksgiving. Planes, trains or automobiles, it’s bedlam. But not this year. While Thanksgiving travel was expected to be up across the nation from last year, travelers arriving at Bob Hope Airport said their holiday jaunts were easy, security lines no problem, and congestion on the runways obsolete. {lang: 'en-US'} function... [more]

Swift talks Grammy joy; Beyonce top nominee

Taylor Swift has won just about every top music award there is this year, but the possibility of winning not just one, but eight Grammys, had the 19-year-old screaming for joy as the nominations were announced. “I started freaking out and jumping up and down,” Swift said in a telephone interview Wednesday night after learning of her nominations, which included album of the year for her sophomore CD “Fearless” and... [more]

Comcast to pay $13.75B for NBC stake

PHILADELPHIA -  After months of negotiations, Comcast Corp. is finally about to seal its deal for a majority stake in NBC Universal, turning the nation’s largest cable TV provider into one of its most powerful media companies. Comcast Corp. is expected to announce early Thursday that it will pay $13.75 billion in cash and assets to gain control of NBC Universal from General Electric Co. People familiar with the transaction described... [more]

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