Stocks around the world fell sharply Thursday. By midday, the Dow was down about 400 points. Analysts said the Fed's "Operation Twist" was actually a signal that the central bank is still extremely worried about the prospects for recovery.
A signed contract for a Beatles performance in the 1960s was up for bid at an auction. It stipulates the Beatles will not play in front of a segregated audience. The documents for the San Francisco concert were only expected to fetch about $5,000. An undisclosed bidder paid $23,000.
Google critics accuse the company of playing favorites with its search results. Google executives have always denied this, but the accusations haven't gone away. Eric Schmidt, the company's chairman, was on Capitol Hill Wednesday to answer questions about the company's business practices.
A number of U.S. mayors have been in Washington this week for meetings at the White House and on Capitol Hill. Their message: We need help. Oklahoma City Mayor Mick Cornett was in the group from the U.S. Conference of Mayors. And he was the sole Republican. Cornett talks to David Greene about the needs of cities amid the debate over federal budget cuts.
Contract talks between the United Auto Workers and Chrysler have stalled. So the union is turning its focus to Ford. Meanwhile, workers at General Motors will start voting on their agreement that was reached last week.
The British government has rejected calls for an easing of its austerity policy in favor of a new fiscal stimulus for the economy. The IMF cut its growth forecasts for Britain on Wednesday — warning that the country was in danger of slipping into recession.
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