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Radiation Continues to Leak; Japan Nuke Workers Race to Find Source
By not in system - AOL NewsTOKYO -- Workers used a milky bathwater dye Monday as they frantically tried to trace the path of radioactive water seeping into the ocean from Japan's tsunami-damaged nuclear plant. The crack in a maintenance pit discovered over the weekend was the latest confirmation that radioactivity continues to spill into the environment. The leak is a symptom of the primary difficulty at the Fukushima Dai-ichi complex: Radioactive water is pooling around the plant and preventing workers from powering up cooling systems needed to stabilize dangerously vulnerable fuel rods. The plant operators also ...
Obama Goal: 'Putting the Economy Into Overdrive'
By not in system - AOL NewsSCHENECTADY, N.Y. - President Barack Obama said Friday that "putting the economy into overdrive" is a top priority, even as a new poll showed the public giving his economic policies poor marks so far. The Associated Press-GfK poll underscored the selling job that confronts the president as he prepares to seek a second term: People like Obama personally, but just 35 percent say the economy's gotten better during his tenure. Appearing in Schenectady, N.Y., on Friday, Obama announced that he was naming GE CEO Jeffrey Immelt as the head of a Council on Jobs and Competitiveness, his latest move ...
Corporate Guest List Revealed for Obama Meeting With China's Hu Jintao
By David Knowles - AOL NewsWho wants a piece of the Chinese action? The White House today released a list of U.S. corporate leaders who have been invited to attend a meeting on Wednesday with Chinese President Hu Jintao this week. The aim of the meeting is to pave the way for future exports for American companies. "You'll see important commercial relationships that our CEOs have and want to expand in China that the president believes is important to make a forceful case in front of both the CEOs from China as well as President Hu," Press Secretary Robert Gibbs told reporters today. So who made President Barack ...
R.I.P. Harvey Pekar, Best Late-Night TV Guest Ever [VIDEO]
By Paul Wachter - AOL News(July 13) -- Harvey Pekar, the author of the comic book series "American Splendor," died Monday at his home. He was 70. I confess I've never read the comic books or seen the Paul Giamatti-starring biopic of the same name. But I did catch one of Pekar's memorable performances on David Letterman. During the 1987 interview, Pekar delivers a tirade against the network sponsor General Electric. He also more or less calls Letterman a sell-out and dismisses late-night TV as low-brow dreck. Here's the clip, a welcome departure from, say, Gwyneth Paltrow shilling her latest movie. Watch more ...
Dow Closes Below 10,000
By David Knowles - AOL NewsWall Street jitters over the global financial outlook sent stocks tumbling today. At the close of trading, the Dow was down almost 270 points, closing at 9,870.30. The downward movement of the market mirrored what happened in Asia and Europe today, as global economic recovery has seemed to stall in recent weeks. Some of the day's biggest losers on Wall Street included Boeing, Caterpillar and General Electric. Flash Player 9 or higher is required to view the chart Click here to download Flash Player now View the full DJI chart at Wikinvest ...
Reported Exit Deal for Jeff Zucker Reveals the NBC Way: Failure Pays
By Paul Wachter - Politics DailyWhat's the going price for driving down NBC's ratings? Between $30 and $45 million, it seems. In January, the television network, which is owned by General Electric, paid late-night host Conan O'Brien $32.5 million to leave the network after an ugly feud over "The Tonight Show" spot. Now the New York Post is reporting that NBC is prepared to pay even more to CEO Jeff Zucker, whose three-year tenure at the top spot has been accompanied by tumbling ratings, as part of a generous exit package. Zucker's reported golden parachute is part of a larger deal -- Comcast's bid to take over a majority ...
GE and Ronald Reagan: The Mutual Gift That Keeps On Giving
By Matt Lewis - Politics DailyAs part of a one-year celebration to honor the 100th anniversary of Ronald Reagan's birth, General Electric will run ads honoring the 40th president's legacy -- and will donate $10 million to the Ronald Reagan Presidential Foundation and Library, along with an additional $5 million in scholarships. This is fitting. In a very real way, General Electric was the vehicle that Reagan rode in his journey from film star to politician. It was a symbiotic relationship, too: Although GE paid Reagan $150,000 in the mid-1950s -- when his movie career had stalled and such a salary was worth more than $1 ...
Bill O'Reilly - Keith Olbermann Feud Escalates; GE Responds to 'Smear Campaign'
By Emily Miller - Politics DailyGeneral Electric jumped into the long-standing feud between Fox News Channel's Bill O'Reilly and MSNBC's Keith Olbermann after O'Reilly said that the company -- which owns NBC and MSNBC -- possibly supplies terrorists with material used in roadside bombs. GE said Wednesday that "The O'Reilly Factor" report is "irresponsible and maliciously false." Fox said the GE accusations are unrelated to the battles with MSNBC.The latest round in the O'Reilly-Olbermann fight started Tuesday when O'Reilly, reporting on a possible FBI probe of U.S. companies supplying components for bombs aimed at American ...
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