Friday's intriguing people
In addition to Charlie Sheen, producer Chuck Lorre has worked with Roseanne Barr, Cybill Shepherd and Brett Butler.
February 25th, 2011
09:53 AM ET

Friday's intriguing people

Chuck Lorre

The “Two and a Half Men” creator has not hesitated to provoke troubled actor Charlie Sheen. According to Zap2it Columnist Rick Porter, Lorre recently used vanity cards displayed at the end of the CBS program to comment on the actor’s behavior. After the February 14 program aired, Lorre’s closing remarks read: “I exercise regularly. I eat moderate amounts of healthy food. I make sure to get plenty of rest. … I don’t do drugs. I don’t have crazy, reckless sex with strangers. If Charlie Sheen outlives me, I’m gonna be really pissed.” Sheen is not Lorre’s first headache. He’s worked with Roseanne Barr, Cybill Shepherd, and in the mid-90s he created “Grace Under Fire,” starring Brett Butler, who had substance abuse issues.
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Filed under: Art • Charlie Sheen • Economy • Jobs • Most Intriguing People • Movies • New York • Showbiz • Technology • TV • Twitter • U.S. • United Kingdom
Boeing wins contract to make Air Force tanker
The Pentagon is expected to buy 179 refueling tankers from Boeing Co. at a cost of $35 billion.
February 24th, 2011
05:21 PM ET

Boeing wins contract to make Air Force tanker

The Pentagon says Boeing Co. has been awarded a contract to make the Air Force's next generation refueling tanker, the KC-X. Boeing will get $3.5 billion to deliver 18 aircraft by 2017.

The Pentagon eventually is expected to order a total of 179 planes for a total cost of $35 billion.

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Filed under: Business • Jobs • Military • Uncategorized
Students defend public employees' stance in Wisconsin
A student holds up a sign during a rally this week at Wisconsin's state Capitol in Madison.
February 18th, 2011
12:59 PM ET

Students defend public employees' stance in Wisconsin

Thousands of demonstrators massed for a third day Friday in Madison, Wisconsin, to protest Gov. Scott Walker's drastic budget-cutting proposal.

The proposal includes the elimination of some bargaining rights for public employees and slashing of benefits.

Teachers have been prominent among the protesters, so much so that school districts in Madison, Milwaukee and other cities were forced to cancel classes because of short staffing.

Many students came out to march in support of their teachers.

"I believe that their rights are really being violated. This is something they've fought for generations to achieve, and for Scott Walker to just take away their collective bargaining rights is just wrong," one young man told CNN affiliate WISC-TV in Madison.

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Filed under: Education • Jobs • Ohio • Politics • Protest • Wisconsin
U.S. stocks post solid gains, Obama looks to help states with jobless aid
February 8th, 2011
08:13 PM ET

U.S. stocks post solid gains, Obama looks to help states with jobless aid

A look at the day's business news headlines:

Stocks post broad gains, led by consumer names 
 
U.S. stocks posted another day of solid gains Tuesday, with the Dow Jones industrial average climbing for the seventh straight day, as traders cheered news in the consumer sector and looked past China's latest interest rate hike.
The Dow Jones industrial average gained 72 points, or 0.6%; to 12,233, the S&P 500 rose 5.2 points, or 0.4%, to 1,324.6 and the Nasdaq composite advanced 13 points, or 0.5%, to 2,797.

The blue chips were led higher by shares of McDonald's, which climbed 2.6% after the fast food giant reported better-than-expected January same-store sales. Other consumer discretionary names in the S&P 500 posted solid gains including  Urban Outfitters, Family Dollar and JCPenney among others.

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The state of jobs
General Motors announced Monday it is adding a shift and 750 jobs at its Flint Assembly Plant in Michigan.
January 25th, 2011
01:21 PM ET

The state of jobs

The nation's economy spent 2010 slowly meandering through a lackluster recovery. It was held back, in part, by continuing high unemployment. While the unemployment rate dropped a little during the year, only a fraction of the number of new jobs needed to make a dent in the figure were created.

People looking for work are finding few new opportunities. "A year ago, it was terrible, and it's not much better today," said Ed Regan of the Taylor Hodson job placement firm in New York. "We've definitely turned a corner, but we're still looking at people who were out of work for two years who were highly employable."

But the nation's job market is showing signs of improvement. Lakshman Achuthan of the Economic Cycle Research Institute said, "We're going to be growing faster. A slowdown that we've had for the last couple of quarters - not a recession, just a slower growth - that is over, and we have a revival of growth in 2011."

President Obama will spend a significant amount of time during this evening's State of the Union address talking about the job market and the need to put people back to work. CNN Radio's Steve Kastenbaum looks at where the nation's labor force is today, compared with one year ago, and where it's heading one year from now.

Click on the icon to hear Kastenbaum's full story:

You can also listen to the CNN Radio Reports podcast on itunes or subscribe to the podcast here.

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Filed under: Economy • Jobs • Politics
Dollars & Sense: Happy workers and high gas prices
Anheuser-Busch and its Clydesdales are gearing up to be exclusive beer advertiser for the Super Bowl for the 23rd year.
January 21st, 2011
07:05 PM ET

Dollars & Sense: Happy workers and high gas prices

A roundup of today’s CNNMoney news:

I work for one of the Best Companies: From interesting assignments to big scholarships to stints abroad, meet 10 employees at the top 10 companies on Fortune's list.

Hasbro’s happy Monopoly makers: A behind-the-scenes tour of the Massachusetts factory where Hasbro makes its famous Monopoly game.

Pouring gas on an economic recovery: If you've been unable to dig out your car after one of the numerous snowstorms blanketing the country, you may not have noticed that the average price of gasoline nationwide has steadily crept up over the past few weeks. And prices might move even higher.

Anheuser-Bush unleashes the Clydesdales: The brewer will be the exclusive beer advertiser for the Super Bowl for the 23rd consecutive year. Take a sneak peek at this year’s ads.

Groupon regret? Unload those deals on Lifesta: Hate those wine-tasting classes? Don't need another nine yoga sessions at the studio on the other side of town? You can't return them, but you can sell them.

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Filed under: Dollars & Sense • Economy • Jobs • Pro football • Sports
On the Radar: Hu on the Hill, Arizona shooting, top workplaces, Ricky Gervais
Chinese President Hu Jintao and President Barack Obama meet with Chinese and U.S. business leaders Thursday in Washington.
January 20th, 2011
11:10 AM ET

On the Radar: Hu on the Hill, Arizona shooting, top workplaces, Ricky Gervais

Hu in D.C. - After a warm welcome at a White House state dinner, Chinese President Hu Jintao may get a chilly reception Thursday on Capitol Hill. Hu is scheduled to meet separately with Senate Majority Leader Harry Reid and House Speaker John Boehner. Neither man attended Wednesday night's dinner in honor of the Chinese leader.

With economics issues on the forefront during Hu's visit, Time.com takes a look at whether U.S. Treasury Secretary Timothy Geithner can stop a trade war between the U.S. and China and explores how China is beating the U.S. at capitalism. If you want to see more about the state dinner, check out a who's who of dinner guests, see the toast to friendship and dreams or look at CNN's full coverage of the visit.

Arizona shooting - The next phase in Rep. Gabrielle Giffords' recovery is to begin this week when she moves to a rehabilitation hospital in Houston. Her husband and doctors plan to give an update on her condition Thursday, a day after Giffords reportedly rose from her hospital bed to stand with assistance.

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Filed under: Arizona • Business • China • Economy • Gabrielle Giffords • Jobs • On the Radar • Showbiz • U.S.
Merck anchors bulk of Dow's decline as stocks end lower
Merck's shares dropped 6% Thursday after the drugmaker stopped giving blood clotting drug to some clinical trial patients.
January 13th, 2011
09:01 PM ET

Merck anchors bulk of Dow's decline as stocks end lower

Stocks end lower, Intel posts best quarter 
 
Investors took a step back Thursday, with stocks ending lower ahead of Intel's blockbuster earnings.

The Dow Jones industrial average, lost 23.54 points, or 0.2% to close at 11,731.90 according to preliminary figures. The  S&P 500  slipped 2 points, or 0.2%, ending the day at 1,283.76, and the Nasdaq fell 2 points, or 0.1%, closing at 2,735.29.

After the bell, Intel reported the best fourth-quarter earnings in company history. The company posted earnings per share of 59 cents.

Analysts polled by Thomson Reuters had forecast earnings of 53 cents per share. Revenue for the Santa Clara, Calif., company rose 3% over the previous year to $11.5 billion, topping analysts' forecasts of $11.37 billion.

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Radio industry voices approval, frustration at Ted Williams story
Ted Williams is seen in this still from a Columbus Dispatch video posted on YouTube.
January 7th, 2011
01:12 PM ET

Radio industry voices approval, frustration at Ted Williams story

There is no doubt that Ted Williams has an amazing voice. It's a voice that only belongs behind a microphone announcing a basketball game, voicing an infomercial, reading the news or reminiscing with us on our favorite oldies station.

And who doesn't love a story about someone getting a second chance at life? It's inspiring to know that when we might need that second chance or if we are looking for one right now, there's hope. To see the outpouring of jobs, opportunities and support Williams got after his video went viral, reminds us that there are good people in our world ready and willing to help.

But let's put the fairy tale aside for a second. This man was struggling and looking for work - a story that many people nation wide can very much relate to, especially in the radio industry - filling out resumes, applying for jobs, practicing voice exercises, re-editing the voice reel. Take a look at Voice123.com. It's a warehouse full of voice talent. A basic search for an adult male voice will give you thousands of quality voice samples to listen to. And then you see "Homeless Man Gets Radio Job" top the headlines across the country.

Industry expert Tom Taylor who blogs on Radio-Info.com has heard the backlash this story has created in the radio world. Taylor summarizes the frustration, not in a way to completely deflate this "feel-good" story, but to remind everyone there is a harsh reality to the business.

"What you're hearing from some radio folks isn't jealousy or resentment, exactly - but a reminder that life's not fair," Taylor blogged. "Especially in an industry that has tossed talented people out the door for much of the last decade."

Did Ted Williams' voice change everything we thought we knew about radio? No. So this post is for the people in radio working hard to get their break. It's to acknowledge that no matter what the industry, people are struggling to find work. As inspiring as this story is, it's got to give some people a headache.

Imagine you get that automated e-mail sent from an HR department after they closed your profile saying, "Thank you for your interest in job #0002792614, but we have filled the position. In fact, we actually hired a homeless guy who we saw on YouTube. Good luck in your job search!"

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Filed under: Drugs • Jobs • Ted Williams
On the Radar: Michael Jackson hearing, snowstorm part deux, Obama's E-team
Dr. Conrad Murray, right, and a defense lawyer attend an April hearing in Los Angeles Superior Court.
January 7th, 2011
08:27 AM ET

On the Radar: Michael Jackson hearing, snowstorm part deux, Obama's E-team

Girlfriend of Jackson's doctor set to take stand - Dr. Conrad Murray's girlfriend is expected to testify Friday on the fourth day of a preliminary hearing to determine whether the physician should be tried on an involuntary manslaughter charge in the death of singer Michael Jackson.

Thursday's testimony revealed that Murray placed a two-minute cell phone call to Nicole Alvarez from inside an ambulance as paramedics worked to revive Jackson during the ride to Ronald Reagan UCLA Medical Center on June 25, 2009.

Los Angeles County Superior Court Judge Michael Pastor will decide if there is probable cause to send Murray's case to trial. The hearing is expected to last two or three weeks with 20 to 30 witnesses.

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Filed under: Barack Obama • Economy • Jobs • Michael Jackson • On the Radar • Politics
Stocks, treasurys rise ahead of release of December jobs report
January 6th, 2011
09:49 PM ET

Stocks, treasurys rise ahead of release of December jobs report

A look at the day's business news headlines:

Stocks stall ahead of December jobs report

U.S. stocks ended mixed Thursday afternoon, as the dollar strengthened and investors mulled a rise in jobless claims and softer-than-expected same-store retail sales ahead of the December jobs report due Friday.

The Dow Jones industrial average finished down 26 points, or 0.2%, with shares of Verizon, Travelers Companies, and AT&T leading the decline. Meanwhile Microsoft, Boeing, and Hewlett Packard posted the biggest gains.

The S&P 500 fell 3 points, or 0.2%, as weak retail sales weighed on the broad index. Gap and Target were among the biggest losers.

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Dollars & Sense: Pizza man goes to Washington, Google's 'Honeycomb'
Google's tablet-optimized Android 3.0 comes with a holographic user interface.
January 6th, 2011
07:07 PM ET

Dollars & Sense: Pizza man goes to Washington, Google's 'Honeycomb'

A roundup of today’s CNNMoney news:

Happy New Job 2011: Companies have started hiring again, but people are waiting for Friday’s big government report to see if there really has been an improvement. According to a CNNMoney survey, economists expect companies added 150,000 new jobs last month. The hottest jobs? Try accounting or IT - both have big growth prospects.

Google dazzles with Android preview: The tablet-optimized Android 3.0 - nicknamed Honeycomb - comes with a holographic user interface, home screen customization, desktop-like Web browsing and simpler multitasking.

Motorola’s new phone… is a laptop (video): This powerful little smartphone packs a big punch. It features a portable docking station complete with keyboard, trackpad, and LCD screen.

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Filed under: Budget • Business • Dollars & Sense • Economy • Finance • Google • Jobs • Politics • Technology
Jobless claims rise above 400,000 again
Job seekers stand in line at a career fair in December 2010.
January 6th, 2011
08:56 AM ET

Jobless claims rise above 400,000 again

The number of Americans filing for their first week of unemployment benefits rose 18,000 to 409,000 last week.

While the latest data puts a damper on the prior week's eyebrow-raising headlines - when the figure had fallen below 400,000 for the first time in two years - the slight increase does not come as a complete surprise either.

Economists surveyed by Briefing.com had expected initial claims to rise to 405,000 in the latest report.

Figures for the week ended Dec. 25 included a federal holiday, and while economists try to adjust accordingly, the seasonal adjustment could have distorted the figure slightly, they say. Not only that, but the most recent data also includes the New Year holiday.

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Not such a lame-duck session: What Congress passed, Obama signed in week
December 23rd, 2010
12:59 PM ET

Not such a lame-duck session: What Congress passed, Obama signed in week

So about that lame-duck Congress.

After midterm elections, predictions abounded that the next few months were going to be brutal in the halls of Congress - with fighting between the GOP and Democrats, fillibusters aplenty and all around disagreement, meaning nothing was going to get done - despite a massive agenda for the Obama administration.

But now, shortly before the holidays, in what many might have said in November would only happen if there were a Christmas miracle, key pieces of legislation have been signed into law, practically back-to-back. Some, such as the DREAM Act, failed a procedural vote in the Senate. The bill would have offered a path to citizenship to some illegal immigrants who entered the U.S. as children. President Barack Obama called the defeat his "biggest disappointment."

Still, with everything happening so fast, it was blink, and you missed if legislation passed or failed.

So, we figured we'd help you catch up, take a look at where things stand and perhaps re-dub the group of lawmakers many thought couldn't even sit in the same room together as the not so lame-duck Congress after all.

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Filed under: Budget • Don't Ask Don't Tell • Economy • Food • Jobs • Military • Nuclear • Russia • September 11 • Taxes
The emotional, financial struggles of Christmas on unemployment
December 17th, 2010
12:13 PM ET

The emotional, financial struggles of Christmas on unemployment

Living on unemployment is tough enough during the year but the sting of unemployment is felt more sharply during the holidays.

CNN's Jim Roope talks with a man - he asked that he not be identified - who is trying to stretch his $900 dollar unemployment check from food to Christmas for his family of five.

"You watch every penny," he said. "it's difficult. The older kids understand as best they can, but the younger ones look at you and ask what did I do wrong this year."

Hear his story by clicking the audio button.

Listen to the complete story by clicking the audio button:

Or you can also listen to the CNN Radio Reports podcast on itunes or subscribe to the podcast here.

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Unemployment claims drift lower
December 16th, 2010
08:57 AM ET

Unemployment claims drift lower

The number of Americans filing for their first week of unemployment benefits unexpectedly fell for a second straight week last week, according to a government report released Thursday.

The number of initial claims fell to 420,000 in the week ending Dec. 11, down 3,000 from 423,000 claims filed the week before, the Labor Department said. It was the second lowest level of the year.

Economists surveyed by Briefing.com were expecting 425,000 new claims.

Read more of CNNMoney.com's coverage on unemployment claims
December 10th, 2010
03:36 PM ET

India looking to hire in Detroit

A company with roots in India is planning to nearly double its presence in Michigan.

Tata Technologies - part of the Mumbai-based Tata Group - is looking to fill 400 job openings primarily for its North American headquarters in Michigan. The company organized a job fair in Southfield, Michigan, just outside Detroit, to attract potential auto engineers, designers and product lifecycle managers.

Tata routinely works with the Unites States' largest auto manufacturers; one of its biggest partnerships is with Chrysler.  The employees they are looking to hire will end up putting a lot of their skills to work within some of Tata's customers - which also include Ford and General Motors.

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Stocks stage comeback as investors consider consequences of job report
December 3rd, 2010
09:57 PM ET

Stocks stage comeback as investors consider consequences of job report

A look at the day's business news headlines:

Stocks make a late-stage comeback 
 
Stocks turned higher during the last hour of trade Friday, as investors moved beyond the report that showed U.S. job growth in November was much slower than expected.

Instead, they focused on what favorable policy decisions might be triggered by the disappointing numbers.

The Dow Jones industrial average rose 20 points, or 0.2%, led by gains in Bank of America, as well as the materials sector, including DuPont, Alcoa and Caterpillar.

The S&P 500 added 3 points, or 0.3%. The tech-heavy Nasdaq drifted into positive territory earlier in the day, and finished up 12 points, or 0.5%.

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Jobs numbers dissapoint
December 3rd, 2010
08:41 AM ET

Jobs numbers dissapoint

39,000 jobs were added to the economy in November - the worst number since September, government says.

That marks a major slowdown from October, when the economy added an upwardly revised 172,000 jobs. Unemployment rose in November to 9.8% from 9.6% and stock futures turned lower.

The numbers are a huge disappointment, considering economists surveyed by CNNMoney.com expect a similar gain for November - they're predicting 150,000 jobs were added to payrolls during the month. Bernard Baumohl, chief economist of the Economic Outlook Group,was more bullish, having predicted another 235,000 added in November.

"There's a general realization among businesses that the economic recovery is real, and that since so many of them have cut so sharply, there is now a rush to hire the most skilled workers at this point," Baumohl said before the report came out.

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Official: Obama to announce federal pay freeze
November 29th, 2010
10:20 AM ET

Official: Obama to announce federal pay freeze

President Obama will announce a two-year freeze in the wages of federal employees Monday, with the intention of saving $60 billion over the next 10 years.

Obama was scheduled to announce the proposal later Monday.

According to an administration statement, the two-year pay freeze will save $2 billion for the remainder of fiscal year 2011, $28 billion over the next five years, and more than $60 billion over the next decade.

The freeze does not apply to military personnel, but will apply to all civilian federal employees, including those in various alternative pay plans and those working at the Department of Defense.

"This freeze is not to punish federal workers or to disrespect the work that they do," the White House said in a statement. "It is the first of many actions we will take in the upcoming budget to put our nation on sound fiscal footing - which will ask for some sacrifice from us all."

Republicans have argued in favor of a freeze in recent weeks, and the co-chairmen of Obama's bipartisan deficit commission made a similar recommendation earlier this month.

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