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Economy, incumbency favor Bush
President Bush s re-election is a virtual certainty if you believe a model developed by a professor who tries to predict election winners based almost purely on economic factors. By Martin Wolk.
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Dow industrials hang around 10,000
Stocks traded mixed Friday, with the Dow Jones industrials wavering near the 10,000 level one day after they closed above it for the first time in more than 18 months.
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BMG, Sony ink music deal
German media giant Bertelsmann and Sony of Japan have agreed on a merger of their music units in the latest move to consolidate the ailing industry, sources close to the deal said on Friday.
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President Bush expects repayment
President Bush said Friday that Vice President Dick Cheney s former company should repay the government if it overcharged for gasoline delivered in Iraq under a controversial prewar contract.
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Dollar hits fresh low against euro
The U.S. dollar hit a new record low against the euro Friday, spurred by comments from U.S. Treasury Secretary John Snow that the market should set the value of the dollar and he wasn t concerned about its decline.
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U.S. trade gap grows
The U.S. trade deficit rose to $41.77 billion in October as Americans appetite for imports hit a record high, offsetting a sizable gain in exports, including the best showing for sales of farm products in seven years. The politically sensitive deficit with China hit an all-time high.
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Wholesale prices retreat
Wholesale prices retreated by 0.3 percent in November, pulled down by falling costs for gasoline, beef and cars, suggesting that inflation doesn t pose a threat to the economy s resurgence.
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Celebration of flight lifts off
A celebration honoring the 100th anniversary of the Wright brothers first flight leads up to a modern-day re-enactment on Wednesday.
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Earth s magnetic field weakening
The strength of the Earth s magnetic field has decreased 10 percent over the past 150 years, raising the remote possibility that it could flip the planet s poles for the first time in nearly a million years.
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Canada says P2P downloading legal
Canadian copyright regulators said downloading copyrighted music from peer-to-peer networks appeared to be legal under that country s law, but they said uploading was still prohibited.
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