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2011/03/20

Business News for Sunday March 20, 2011

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Consumer Corner: Wishing a better economy

CHICAGO (UPI) -- Despite the cheerleading from the White House, the U.S. economic recovery remains a question mark -- and with the possibility of a nuclear catastrophe in Japan, that question mark could pick up an exclamation point.

Though the latest unemployment report showed joblessness falling to 8.9 percent, experts agree 6.4 million workers have given up looking for jobs and don't get counted in the official totals. The Washington Post said adding them plus the millions forced ...

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Two more banks to repay TARP loans

WASHINGTON (UPI) -- Two large U.S. banks said they would repay emergency government loans from the TARP program after the Federal Reserve relaxed bank restrictions this week.

SunTrust and KeyCorp both announced they would return Troubled Asset Relief Program funding soon, The New York Times reported Saturday.

The banks are among 600 financial firms that have yet to repay TARP funds.

High scores in a second round of stress tests on the largest 19 banks prompted a ...

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Samsung SDI to pay $32M for price fixing

SAN FRANCISCO (UPI) -- The U.S. Justice Department said Samsung SDI Co. Ltd., had agreed to pay $32 million to settle charges of price fixing in the color display tube market.

The company agreed to plead guilty to one felony charge of price fixing, which was filed Friday, and to cooperate in an ongoing investigation, the department said.

The firm was charged with conspiring with other companies to adjust production schedules in order to limit supplies of the CDTs, which ...

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Group decries dot-xxx suffix for porn

SAN FRANCISCO (UPI) -- A plan to give Internet adult content sites an xxx suffix on domain names would play into the hands of censors, a U.S. pornography trade group said.

Diane Duke, executive director of the Free Speech Coalition in San Francisco said, "Our industry is unanimously opposed" to the Internet Corp. for Assigned Names and Numbers plan to coral pornography on the Internet into digital red-light district, The New York Times reported Saturday.

Duke said the ...

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