Peterson convicted in first degree murder of Kathleen Savio
Drew Peterson, former Illinois police officer, was found guilty of first degree murder in the 2004 death of his wife Kathleen Savio. The verdict, delivered in Joliet, follows a landmark hearsay based case under Drew's Law. Sentencing is set for November 26 with a potential 60 year term.
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Report: 750 Billion Wasted in Health Care Waste
Washington reports the Institute of Medicine estimates 750 billion dollars is wasted annually in U S health care through unnecessary care fraud and paperwork. The study shows cuts are possible without rationing and a leaner system could improve quality. It notes both Obama and Romney seek Medicare limits but differ on methods.
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Obama presses for unity bold plan to revive jobs
President Obama urged independent voters to back a real plan to create jobs and grow opportunity, arguing it will take more than a few years to solve decades of challenges. He contrasted his push with Romney proposals and cited the late stage of the economy amid a tumultuous convention crowd.
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Amazon unveils larger Kindle Fire tablets to rival iPad
Notable Amazon introduced four new Kindle Fire models including an 8.9 inch high definition screen as it competes with Apple ahead of the holidays. The larger Fires join a 7 inch original model while the basic 8.9 inch version starts at 299 dollars, about 100 dollars less than the cheapest iPad.
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U S jobs outlook brightens a little
The report shows fewer unemployment claims and stronger hiring in August, with economists predicting 135000 new jobs and unemployment around 8.3 percent. Analysts note the data is unlikely to avert voting separations, while the government faces two more employment reports before Election Day.
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Markets Report With Mixed Closing Data From Thursday
Wall Street indexes edged higher with the Dow at 13,292.00 after a 24.52 rise, Nasdaq at 3,135.81 up 66.54, and the S&P 500 adding 28.68 to 1,432.12. Commodities showed corn at 7.75 cents, soybeans at 5 cents, wheat at 23.5 cents, oil at 0.17, gold up 11.60 to 1,705.60, silver 3.45 up to 32.67, platinum up 10.80 to 1,586.40, and Treasuries at 2.80% for the 30-year.
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