Inflation fears ease as economy shows momentum
The report notes a 0.7 percent rise in October industrial production and a 6.4 percent jump in housing starts to 2.03 million, signaling momentum despite energy-price pressures. Analysts say inflation remains contained with Fed policy unchanged, while crude oil costs ease and core inflation runs higher than 2003.
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Hollywood files first wave of anti piracy lawsuits
Seven major studios filed federal copyright infringement suits in Denver New York City San Francisco and St Louis targeting individuals who allegedly downloaded recent films such as Spider Man 2 Troy The MPAA said the action aims to deter piracy regardless of case count Three suits reported in Denver and St Louis name 40 defendants total including 18 in St Louis under the John Dye banner with four accused of possessing a pirated film each.
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Sears and Kmart merge to form third-largest U.S. retailer
Sears Holdings would be created by Kmart's $11 billion acquisition of Sears, with Lampert as chairman, a 10.6 percent Sears premium, and a 10-member board dominated by Kmart. The merged firm plans about 3,500 stores and $55 billion in revenue, keeping both brands.
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