LaHood: Feds could find more CHICAGO (AP) -- Transportation
Secretary Ray LaHood said Tuesday he wouldn't be surprised if a review of
documents from LaHood said Documents obtained from the automaker
show that FCC loses key ruling on Internet
`neutrality' WASHINGTON (AP) -- A federal court
threw the future of Internet regulations and U.S. broadband expansion plans
into doubt Tuesday with a far-reaching decision that went against the Federal
Communications Commission. The U.S. Court of Appeals for the
District of Columbia ruled that the FCC lacks authority to require broadband
providers to give equal treatment to all Internet traffic flowing over their
networks. That was a big victory for Comcast Corp., the nation's largest cable
company, which had challenged the FCC's authority to impose such "network
neutrality" obligations on broadband providers. Job openings rise in several sectors in
February WASHINGTON (AP) -- Job openings rose in
several sectors of the economy in February, including retail, manufacturing,
transportation, restaurants and hotels, the Labor Department said Tuesday. The report is consistent with other
surveys showing hiring is picking up in those areas. It also echoes last week's
national employment report, which showed broad job gains in March. Total job openings, meanwhile, declined
in February, the department said. That's a sign that hiring remains sluggish
even though employers are starting to add workers as they gain more confidence
that the recovery is taking hold. Stocks wander on thin news; Dow stays
below 11,000 NEW YORK (AP) -- Stocks ended mixed
Tuesday after a rise in bank shares offset drops in some technology names. The Dow Jones industrial average
slipped about 4 points to 10,969.99, while broader indexes rose. Interest rates
fell after spiking on Monday. For a second day, the Dow came within
about a dozen points of reaching the psychological milestone of 11,000 for the
first time in 18 months. The quiet trading came as investors
looked for clues about whether the market could continue its upward march.
Stocks have been rising for 13 months but have made steadier advances since
February following reports that signal the economy is improving. Fed keeps eyes out for speculative
bubbles WASHINGTON (AP) -- At the same time, some officials said
the Fed's pledge to keep rates low for an "extended period" doesn't
mean a fixed period of time. Rather, it depends on the strength of the economy,
according to minutes of the closed-door meeting released Tuesday. Many analysts
have taken the pledge to mean rates would stay at record lows for roughly six
months to help underpin the recovery. The Fed officials argued that the
pledge won't stop the Fed from boosting rates if the economy showed signs of
picking up substantially or if inflation took off. On the other hand, the
pledge "could last for some time" if the economy took a turn for the
worse. Oil prices settle a little higher Oil and gasoline prices barely budged
Tuesday, as traders took a break from a recent rally driven by signs of an
improving economy. Benchmark crude for May delivery rose
22 cents to settle at $86.84 a barrel on the New York Mercantile Exchange.
Earlier prices touched a new 18-month high of $87.09 a barrel. Oil prices have
climbed 24 percent since February. Crude traded between $69 and $84 for
about nine months before breaking above that range last week. On Monday,
reports showed improvements in services businesses and in the housing market. Business software maker CA to cut 1,000
jobs Business software company CA Inc. said
Tuesday that it's cutting 1,000 jobs -- or about 8 percent of its work force --
and consolidating offices as part of a restructuring plan to reduce costs and
become more efficient. The company also steered earnings
expectations to the lower end of its previous guidance for the year. Its shares
tumbled more than 5 percent. The job cuts will occur mainly in North
America and mostly be completed by the end of ATHENS, Greece (AP) -- Greece's
borrowing costs shot up Tuesday following a report, later denied, that Athens
was seeking to revise a deal hammered out last month which would provide a
European and International Monetary Fund rescue to prevent a default. Markets have so far appeared unconvinced
that the bailout plan, which would provide Greece with bilateral loans from
euro-zone countries and the IMF, would be sufficient to contain the country's
debt crisis. Finance Minister George
Papaconstantinou vehemently denied a report that Athens was seeking to
re-negotiate the rescue plan to avoid IMF participation. Renault, Nissan to partner with Daimler PARIS (AP) -- The parts-sharing and research alliance
with German automaker The partnership will also see the
companies exchange small stakes of around 3 percent, the officials said. The officials spoke on condition of
anonymity because the deal has not yet been publicly announced. Cedar Fair: Takeover not happening SANDUSKY, Ohio (AP) -- Cedar Fair LP,
one of the nation's largest operators of amusement parks, said Tuesday that its
plan to go private in a $635 million takeover by asset manager Apollo Global
Management has been scrapped because of a poor response from shareholders. Cedar Fair had accepted Apollo's $11.50
per share offer in December. The deal followed a tough year of declining
attendance and spending at Cedar Fair's amusement parks, which include Cedar
Point in northern Ohio, Dorney Park in Pennsylvania and Knott's Berry Farm and
Great America in California. By The Associated Press The Dow fell 3.56, or less than 0.1
percent, to 10,969.99. The Standard & Poor's 500 index
rose 2.00, or 0.2 percent, to 1,189.44. The Benchmark crude for May delivery rose
22 cents to settle at $86.84 a barrel on the New York Mercantile Exchange. In other Nymex trading in May
contracts, heating oil rose a fraction of a penny to settle at $2.2683 a
gallon, and gasoline dropped 0.19 cent to close at $2.3483 a gallon. Natural
gas lost 18.1 cents to settle at $4.096 per 1,000 cubic feet. In London, Brent crude prices added 27
cents to settle at $86.15 on the ICE futures exchange.