UNITED STATES

Federal judge allows class action lawsuit against law firm accused of 'sewer service'

A federal judge in New York has okayed a class action lawsuit that accuses Leucadia National Corp., a financial services firm, the debt-collection law firm Mel S. Harris & Associates, and a Brooklyn-based process serving agency Samserv Inc., of a racketeering scheme that allowed them to fraudulently secure default judgments in New York courts against unwitting consumers around the country.

Halliburton, Anadarko sinking on oil spill blame game

A hard hat from an oil worker lies in oil from the Deepwater Horizon oil spill on East Grand Terre Island, Louisiana
Shares of Halliburton Co. (HAL) and Anadarko Petroleum Corp. (APC) are dropping this morning after a report by a presidential commission into the Gulf of Mexico oil spill from last year spread the blame to various parties, not only BP plc (NYSE: BP).
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World of stats now available

If statistics is your thing – whether for scholarly work, trivial pursuit, or just to impress a date – you may want to look into the latest edition of the U.S. government’s best-selling reference book: the Census Bureau’s Statistical Abstract of the United States: 2011.
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The New Gold Rush

In this piece, we will examine four of gold's most important rules; the irreversible trends affecting the gold price; and how the consequences of these trends will push gold higher in 2011 and beyond.
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GameStop's holiday sales beat last year's

GameStop Corp's sales during the holiday season topped last year's, as new products like Microsoft's Kinect motion controller revived customers' spending in its stores.
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Jobless claims up, underlying trend still down

New claims for jobless benefits moved higher last week, but a decline in the four-week average to a nearly 2-1/2 year low indicated a trend toward better labor market conditions remained intact.
Not extending jobless aid may cost 600,000 jobs-W.House

US initial jobless claims rise

The number of people claiming unemployment benefits rose during the week ending Jan. 1, according to a report by the U.S. Labor Department.
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AT&T to cut price of iPhone 3GS to $49

America’s No 2 mobile service provider AT&T Inc will cut the price of older iPhone 3GS model by half to $49 from $99 from January 7 even as it is widely expected to lose its exclusive US rights to sell Apple Inc smart phones.
Gasoline Pump

Iran, Kuwait say no to increasing crude supply

Kuwait and Iran, two of the world's largest crude exporters and prominent members of the Organization of Petroleum Exporting Countries (OPEC), have reiterated that they don't see the need to raise output to keep rising crude prices under check.
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BP, Transocean shares shrug off oil spill report

Shares in BP and Transoceanrose on Thursday as investors bet a new Presidential panel report that spreads the blame for the country's worst-ever oil spill means the companies will avoid a highly costly gross negligence charge.
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RIM announces 4G PlayBook tablet

Corporate interest in Research in Motion's new tablet was massive, the company said, as it announced plans to launch a 4G version of the device this summer with Sprint Nextel.
Consumers in Australia

Shoppers Spent $32.6 Bln In 2010 Holiday Season: comScore

Research firm comScore said online spending in the United States rose 12 percent to $32.6 billion for the entire November-December 2010 holiday shopping season, thanks to an exceptional Cyber Monday and the impact of free shipping.
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Blizzard, shopper angst hurt December retail sales

Many top U.S. retailers missed Wall Street's expectations for December sales, hurt by a post-Christmas blizzard on the East Coast and shoppers returning to their cautious ways after flocking to stores after Thanksgiving.
Apple iPad

Global tablet sales to touch $46 bln by 2014

Total global revenue from tablet devices like Apple's iPad and Samsung's Galaxy Tab will increase from 16 billion dollars in 2010 to a whopping 46 billion dollars in 2014, according to a report released Wednesday by U.S. technology research firm Yankee Group.

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