9 11 suspects move from civilian court to military tribunals
The Obama administration abandons plans for civilian trials in New York and will prosecute Khalid Sheikh Mohammed and four co defendants before military commissions. Holder defends move against congressional limits on Guantanamo trials, while families react with mixed views and lawmakers respond with praise and criticism.
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House Republicans draft third stopgap to avert shutdown
In a tense budget stalemate, House Republicans proposed a one week bill cutting 12 billion dollars and fully funding the Pentagon to prevent a looming government shutdown. They briefed lawmakers on contingency operations should Senate Democrats block action, while Obama called lawmakers to the White House for talks. The move follows two prior stopgaps totaling 10 billion in cuts, as Republicans press a broader 4 to 5 trillion dollar deficit plan for a decade.
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TI to Buy National Semiconductor in $6.5 Billion Deal
Notable Texas Instruments Inc. is acquiring National Semiconductor for 6.5 billion dollars in a union of two leading analog chip makers. The Silicon Valley pioneer, with a 50 year history and a reputation for power management chips, joins a technology consolidation wave driven by smartphones and shifting competitive boundaries.
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Market closes mix as Dow gains and commodity futures rise
The Dow Industrial Average adds 23.31 points to 12,400.03 while the Nasdaq falls 0.41 to 2,789.19 and the S&P 500 edges up 0.46 to 1,332.87. The 30 year Treasury holds at 4.49 percent. Corn climbs 24.25 cents to 7.60, soybeans drop 9.75 cents to 13.84, wheat rises 415 cents to 9.48, and oil advances 53 cents to 108.47.
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Southwest 737 incident triggers emergency fuselage inspections
Federal aviation officials ordered emergency inspections for about 175 Boeing 737s worldwide, including 80 US-registered jets, after a Southwest 737's roof tore open over Arizona. Most planes have been inspected. 3 US-registered aircraft still show cracks. The incident followed widespread cancellations and raised questions about metal fatigue in frequent short-haul service.
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