Business leaders back universal health care push
Executives from Wal-Mart Intel AT&T and Kelly Services joined union leader Andrew Stern in urging universal health care for all Americans by 2012. They set four goals including coverage for all and higher value for health care spending. A national summit is planned by May end to recruit more participants.
MENTIONED IN THIS ARTICLE
Wa Mart
Intel Corp
At&t
Washington
Wal-Mart
U.S
Wal-Mart Stores Inc
Lee Scott
Service Employees International Union
Andrew Stern
At&t Inc
Kelly Services Inc
Wal- Mart
Dana Rezaie
Fridley
Minn
Better Health Care Together
Scott
America
Slower 2006 productivity growth despite quarterly rebound
The Labor Department reports that productivity rose 3 percent annualized in Oct-Dec 2006, rebound from a 0.1 percent drop. For the year, output per hour grew 2.1 percent, the weakest since 1997, while unit labor costs rose 1.7 percent in Q4. Wage pressures jumped 3.2 percent last year, fueling inflation concerns.
MENTIONED IN THIS ARTICLE
Washington
Labor Department
Federal Reserve
Sony Ericsson ramps up Walkman and Camera phones to boost global stance
Sony Ericsson, the Sony Ericsson joint venture, unveils eight new models to expand music and camera phone options amid global gains. A midtier Walkman phone lands in the US by summer, with the ultra slim Walkman 889 arriving via Sony Style stores later this year as Motorola holds a larger US market share.
MENTIONED IN THIS ARTICLE
Chicago
Sony Ericsson
Motorola Inc
Sony
Matthew Hoffman
Cowen & Co
London
LM Ericsson
Schaumburg
Motorola
Samsung
IDC
North America
Senate probes predatory lending amid rising foreclosures
Senate Banking Committee chair Christopher Dodd kicks off a hearing on lending practices harming minorities and seniors. He warns of predatory subprime lending threatening home wealth and urges industry accountability and potential federal intervention as delinquencies and foreclosures climb, impacting low income families.
MENTIONED IN THIS ARTICLE
Washington
Senators
Sen
Christopher Dodd
Banking Committee
Video Boom Tests Internet’s Capacity and Costs
The rise of online video could reshape how the Internet carries traffic and charges. Analysts warn heavy video use may slow service or raise prices unless capacity is expanded. US broadband lags behind Europe and Asia, where fiber networks and dense cities enable cheaper, faster connections. Comcast reports $39 billion invested to upgrade its network for video demand.
MENTIONED IN THIS ARTICLE
Minneapolis
Milda Hedblom
Both
Augsburg
Comcast
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