"U.S. stocks rose Wednesday, as a surprise increase in retail sales figures coupled with better-than-expected earnings from Coca Cola eased some concerns about consumer spending and a U.S. recession," The Wall Street Journal reports.
Business Week reporter Eamon Javers considers what role business would play in a Barack Obama presidency. "In the words of one consultant: 'Business would have a seat at the table, but business wouldn't be able to buy all the chairs.'"
On Wednesday, UBS named former Morgan Stanley executive Jerker Johansson the new head of its "troubled investment bank" Financial Times reports. "Mr Johansson, 51, worked at Morgan Stanley for 22 years and rose as high as global head of institutional equities."
Detroit, Mich., had the highest foreclsoure rate in the nation for 2007, according to an analysis of foreclosure activity in the country's largest metropolitan areas. About 4.9 percent of the households in the city were in some stage of foreclosure last year—4.8 times the national average.
SmartMoney Magazine has compiled a list of green stocks that will make money for investors. "Environmentally friendly investing isn't limited to buying into solar cells and other forms of alternative energy," SmartMoney writes.
Sen. Barack Obama won all three of yesterday's primaries in Virginia, Maryland and the District of Columbia, emerging with a decisive majority of the total 168 delegates at stake. "Obama swamped Sen. Hillary Rodham Clinton," The Washington Post reports.
As it becomes more likely that superdelegates will decide the Democratic nominee, the Los Angeles Times examines how these party insiders decide which candidate to vote for: "should they vote as their constituencies did?
Sen. John McCain also won all three of the Potomac primaries yesterday. But "a closer-than-expected race in Virginia underscored the problems he faces in uniting the GOP even after becoming the party's presumptive nominee," USA Today writes.
In an op-ed piece in The Washington Post, Secretary of State Condoleeza Rice and Secretary of Defense Robert Gates explain the administration's thoughts about the approaching negotiations over the "status of forces" agreement between Washington and Baghdad.
Top Bush administration officials have recently begun arguing the legality of the controversial interrogation technique known as waterboarding. "The issue promises to play a role in the historic military prosecution of six al-Qaeda detainees for allegedly organizing the Sept. 11, 2001, attacks," Dave Eggen reports.
Top Hezbollah military commander Imad Mugniyah was killed in Damascus, Syria, last night. Hezbollah blames Israel for the death. Mugniyah was one of America's most wanted fugitives for his suspected ties to a number of kidnappings, hijackings and bombings throughout the 1980s and 1990s.
Exiled Georgian billionaire Badri Patarkatsishvili has been found dead in London after claiming less than two months ago that he was the target of an assassination plot. London police have called the death of Patarkatsishvili, 52, "suspicious."
The Christian Science Monitor looks at the next generation of leaders in Pakistan's three major political dynasties: "In a country where politics is a birthright and power is often an inheritance, Pakistan's three greatest political clans are introducing their next generations."
The 48-hour state of emergency in East Timor has been extended by 10 days after recent assassination attempts on the prime minister and president. "The move comes as the body of an armed opposition leader killed in one of the attacks arrived home to a crowd of hundreds of supporters," Al-Jazeera reports.
Roger Clemens and former trainer Brian McNamee are scheduled to testify before Congress today about the use of performance enhancing drugs in baseball. Although Clemens maintains he never used PEDs, McNamee claims to have injected the pitcher himself.
After three months the Writers Guild of America has voted to end the writers strike. However, Advertising Age reports that because the networks have already loaded prime time with reality shows and "other stopgaps, many writers and agents simply do not expect scripted TV to return to previous levels next season."