Tech slump weighs on stocks as Nasdaq slides
Tech stocks pull back led by Microsoft and Google amid weak PC demand and softer ad prices. S&P 500 edges up 0.2 percent to 1692.09 while Dow dips 0.03 percent to 15543.71 and Nasdaq falls 0.7 percent to 3587.61.
MENTIONED IN THIS ARTICLE
S&p
New York
Microsoft
Google
Standard & Poor
Intel
eBay
Advanced Micro
Randy Frederick
Active Trading & Derivatives
Schwab Center For Financial Research
Hewlett-Packard
IBM
General Electric
U.S
House Republicans move to scrap No Child Left Behind Act
The House passed the Student Success Act 221 to 207 to replace No Child Left Behind with a plan giving states more control over testing and school standards. Democrats opposed, Obama administration warned of a veto risk, while Senate plans preserve federal oversight and autumn votes loom.
MENTIONED IN THIS ARTICLE
Washington House
Republicans
America
Washington
Senate
Federal Education Secretary
Republican Policy Committee
James Lankford
R-Okla
Patrick Meehan
R-Pa
Diane Black
House of Representatives
Detroit needs more than bankruptcy to fix city decline
Detroit faced a historic municipal bankruptcy with debts around 20 billion while annual revenue remains about 1.1 billion and falling. Unlike automakers, the city cannot shed pension and health obligations or attract new taxpayers quickly, and population loss to 700,000 limits future revenue. Experts warn that even wiping debt may not resolve core issues of crime services and shrinking tax base.
MENTIONED IN THIS ARTICLE
Detroit
America
General Motors
Chrysler
Ford
Motor City
Douglas Baird
University of Chicago
Bank of America
Steve Miller
AIG
Fort Worth Demolition Mix Up Destroys Own Home
Fort Worth couple finds their three bedroom house razed by a demolition crew intended to tear down a condemned nearby building. City billed over six thousand dollars for the work while the condemned structure remains. David Underwood seeks settlement as officials investigate the error.
MENTIONED IN THIS ARTICLE
Fort Worth
Texas
David Underwood
Lake Worth
Underwood
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THE
Associated Press
J. Scott Applewhite
Bethlehem Steel
Miller
Accent
Coors Road
Odessa
Accentgranitemidland.com
Teale
Talavera
Foo World Music
Mer Stions
Big Spring St
Midland
RTM
Preemie
Mos
Andrews Hwy
Leta
Stan Oleanders
Ishrub
AL Mosse Ser
Atmel IL
Arizona
Cule
Shawn Drewett i. Ee
Kings River
Westwood Baptist Church
W. University
Westwood Baptist
Cheben Raes
Interiors
North Midland
Santa FE
Thrush
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