Google launches phone application

Search engine giant Google wants to change the way you receive telephone messages.
Google Voice is a new application that allows users to get transcripts of voicemails and SMS text messages via email.
The company says the service will initially be available to existing users of its U.S.-based GrandCentral service, which it bought two […]

QQQuestionable anniversary for Nasdaq

Got an interesting press release this morning from the Nasdaq OMX Group, which runs the Nasdaq stock exchange.
The folks at the Nasdaq were happy to point out that today, March 10, is the ten-year anniversary of PowerShares QQQ, an exchange-traded fund (ETF) that tracks the Nasdaq-100 index, the 100 largest non-financial stocks on the […]

Obama’s hard act: Keep friends in line

President Obama’s "new era of responsibility" has already drawn criticism as a magician’s math act: Add a trillion-dollar universal health care plan to a trillion-dollar (including interest) stimulus package to another quarter-trillion for bank bailouts to 7% average increases in domestic agency spending and — voila! –the federal deficit drops by half in four […]

Health crisis: ‘A bankruptcy every 30 seconds’

The Obama administration is hosting a summit Thursday designed to cure a frustrated patient battling a persistent ailment: The United States and its rising health care costs.
The administration’s health care summit will focus on reducing and containing costs, as well as expanding coverage, one senior administration official told CNN Wednesday. Doctors, nurses, pharmaceutical representatives, […]

China to the rescue

Investors have largely panned the stimulus package that President Obama signed into law last month. But stimulus in China? Now that’s a different story.
Stocks around the world rallied Wednesday morning, and some attributed the pop to reports that the Chinese government was planning to boost its spending on infrastructure and manufacturing.
The Shanghai Composite Index […]

Auto sales skid, GM falls to third

Canada’s auto market crashed again last month but Chrysler emerged from the wreckage as the top seller for the first time in its 84-year history – ahead of perennial leader General Motors.
In another tumultuous month in a reeling industry, Chrysler and Ford posted double-digit declines, yet both struggling automakers still beat General Motors, whose sales […]

Longer review OKd for Forge site

In what may be a key step to a Buffalo economic development agency acquiring the former Buffalo Forge property, the owners of the land have agreed to extend a pre-sale due diligence period.
The Buffalo Urban Development Corp. has negotiated a 90-day extension with the Howden Group Inc., owners of the 12-acre site that straddles Broadway […]

Velarde Says Can Use Reserves to Protect Currency

Peru central bank President Julio Velarde said officials could use reserves to prevent excessive depreciation of the nation’s currency.
“We have double the reserves we had at the start of this government and we are prepared to use them” in order “to avoid an excessive depreciation, excessive volatility,” Velarde said in an interview today […]

Exclusive: AIG near deal on new terms of bailout

American International Group Inc is close to a deal with the U.S. government that would ease the terms of its bailout, provide a further equity commitment and help it pay down debt, a person familiar with the matter said on Saturday.
The revision would be the latest sign of how federal regulators are having to […]