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Fed Chairman Ben Bernanke reports on monetary policy on Capitol Hill 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.

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Kansas City to close 26 schools. Unprecedented move in US?

Education 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.

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Joe Biden and Obama 'humiliated' by Israel? Well, not exactly.

Commentators 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.

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Consumer sentiment: Will Americans spend or save?

Retail sales and consumer sentiment reports paint very different pictures of where the American consumer is headed.

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INSIDE BUSINESS

Weather held back shoppers in February. Retail sales rise 0.4 percent.

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 reading on consumer sentiment in March shows US consumers remain cautious towards the economy

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.

Underworld Resources shares soar on Kinross Gold buyout offer

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

Conan O'Brien tour coming, but will he return to TV?

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.

Family Guy 1, Sarah Palin 0

If you're a reporter, don't ask Sarah Palin any questions. She ain't answering.

Ted Bundy's deadly VW Bug now on display

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.



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