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Business & Technology

Dow falls below 12K; stocks drop 6 weeks straight

June 11th, 2011 8:00 am by Associated Press

Fears that the global economic recovery has stalled pushed the Dow Jones industrial average below 12,000 for the first time since March and drove the stock market lower for the sixth straight week.Friday's drop extended the longest weekly losing streak fo

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Business & Technology

Coal industry sees EPA proposal causing lower demand for product

June 11th, 2011 6:07 am by Associated Press

CHARLESTON, W.Va. (AP) American Electric Power's plan to shutter a string of aging coal-fired electric plants if regulators adopt strict new pollution rules is likely the first in a series of similar decisions, which has the coal industry bracing for wan

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Business & Technology

Treasury punishes top servicers for failing troubled homeowners

June 10th, 2011 5:03 am by Staff Report

CNN Money is reporting three top mortgage servicers are finally being taken to the woodshed by the Obama administration.

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Business & Technology

In latest attack, hackers steal Citibank card data

June 10th, 2011 4:39 am by Associated Press

NEW YORK (AP) About 200,000 Citibank credit card customers in North America have had their names, account numbers and email addresses stolen by hackers who broke into Citi's online account site.

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Business & Technology

Asian markets mostly down on growth doubts

June 10th, 2011 4:22 am by Associated Press

BANGKOK (AP) Most Asian stock markets moved lower Friday over concerns global economic growth is slowing, despite news of a narrower U.S. trade deficit that sent Wall Street up after a weeklong slump.

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Business & Technology

AEP to close plants, trim 600 jobs to comply with EPA rules

June 10th, 2011 4:18 am by staff report

American Electric Power on Thursday announced it plans to shut down several coal-fired power plants, convert or retrofit others, and cut as many as 600 jobs in the next few years to comply with regulations proposed by the U.S. Environmental Protection

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