In the News: Feb-20

Fed lowers economic forecast - 20 Feb 2008 at 2:44pm - WASHINGTON -- The Federal Reserve on Wednesday lowered its projection for economic growth this year, citing damage from the double blows of a housing slump and credit crunch. It said it also expects higher unemployment and inflation.

NY oil prices hit a record 101.27 dollars - 20 Feb 2008 at 2:31pm - NEW YORK (AFP) - New York oil prices struck a record 101.27 dollars a barrel Wednesday on renewed global supply jitters.

Court rules against state suits in medical device cases - 20 Feb 2008 at 11:51am - The Supreme Court is making it harder for consumers to sue manufacturers of federally approved medical devices. The case has ...

Court says 401(k) participants can sue - 20 Feb 2008 at 11:16am - WASHINGTON -- The Supreme Court ruled Wednesday that individual participants in the most common type of retirement plan can sue under a pension protection law to recover their losses.

Thought for the day:
You cannot shake hands with a clenched fist. -Indira Gandhi (1917 - 1984)