WASHINGTON (AP) - President Barack Obama will nominate Federal Reserve vice chair Janet Yellen to succeed Ben Bernanke as chairman of the nation's central bank, the White House said Tuesday. Yellen would be the first woman to head the powerful Fed, taking over at a pivotal time for the economy and the banking industry.
SAN FRANCISCO (AP) - People don't just watch TV anymore; they talk about it on Twitter. From the comfort of couches, they share reactions to touchdowns and nail-biting season finales - and advertisers and networks are taking note.
Here is a quote from a speech given by a leading Republican about a recently passed federal law that introduced a major new government program. "It [the new program] is a glaring example of the bungling and waste that have characterized this administration's attempts to fulfill its benevolent purposes. In my own judgment - and I have examined it most carefully - this law is unjust, unworkable, stupidly drafted and wastefully financed."
LAS VEGAS (AP) - The cannon at the Flutter Fetti booth near the front of the gambling trade show in Las Vegas last week delivered regular bursts of metallic and crepe paper cutouts, shooting them to the ceiling in big booms and carpeting the floor with shimmering hearts, stars and circles. The glittery mess outshone the slot machines and online poker touchscreens in more ways than one.
SAN FRANCISCO (AP) - Twitter has unsealed the documents for its planned initial public offering of stock and says it hopes to raise up to $1 billion in one of the year's most eagerly awaited stock market debuts.