Battle brews over Fed policy. Obama taps Yellen as Fed Vice Chair.A battle is brewing on Capitol Hill over control of the Federal Reserve after President Obama moved to nominate Janet Yellen to replace Fed Vice Chairman Donald Kohn who is stepping down in June. If approved, Obama would have an easier path in controlling monetary policy, which worries many lawmakers.
| FULL STORYEducation experts say they can’t recall when so many of a district's schools have been closed. The Kansas City school district has struggled for years with declining enrollment and integration issues.
| FULL STORYCommentators have called Israel's announcement of new settlement construction in East Jerusalem during Vice President Joe Biden's visit a humiliation. But the Palestinian leadership still appears willing to give talks a chance.
| FULL STORYRetail sales and consumer sentiment reports paint very different pictures of where the American consumer is headed.
| FULL STORYINSIDE BUSINESS
Both the National Retail Federation (NRF) and US Department of Commerce agree that winter weather conditions across the United States in February hampered retail sales. Yet government data showed an increase of 0.3% over January and 4.1% unadjusted year-over-year.
An early report on consumer sentiment by the University of Michigan in March shows US consumers remain cautious towards the economy, jobs and what the government is doing about it. Still, the results are "about what economists where expecting," says economist Peter Morici.
Shares of Underworld Resources (TSX.V: UW) soared Thursday in late morning trading in Toronto, rising more than 32 per cent, after Kinross Gold (NYSE: KGC; TSX: K) made a C$139 million offer to buyout shareholders at $C$2.62 per share.
ENTERTAINMENT TODAY
The Conan O'Brien tour, 'Legally Prohibited From Being Funny on Television,' will hit 30 cities while the comedian is contractually bound to stay away from TV.
If you're a reporter, don't ask Sarah Palin any questions. She ain't answering.
Mass murder Ted Bundy's car, a Volkswagen Beetle in which he likely murdered 11 women, is on display at Washington's National Museum of Crime & Punishment through May.
World News
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