Two fresh bits of economic data, neither of which change the picture much if at all:
-- The Employment and Training Administration says there were 386,000 first-time claims for unemployment insurance last week, down 6,000 from the week before. But it also revised up that previous week's estimate, from the initial report of 387,000.
Originally published on Thu June 28, 2012 8:45 am
Outside the U.S. Supreme Court early this morning, there were some tired faces, quite a few smiles and the vibe you sometimes feel when a pack of marathoners is nearing the finish line.
Everyone's tired, but there's a sense of anticipation that the long legal slog is almost over.
Three months after historic arguments before the high court over the constitutionality of the administration's sweeping health care law, we're about to find out if it will hold up.
Saying that the move will create two companies, one a "world-class" publisher and the other an "unmatched global media and entertainment" giant, Rupert Murdoch's News Corp. just confirmed it is planning to separate into two distinct units.
Murdoch, a legend in the news and entertainment businesses whose TV ventures include Fox News Channel, will "serve as chairman of both companies and CEO of the media and entertainment company," the company added.
First it was $2 billion.
Then "as high as $4 billion."
Now there's word from The New York Times that:
Originally published on Thu June 28, 2012 11:50 am
Comedian Louis C.K. sold out his tour while bypassing ticket services like Ticketmaster. He sold tickets on his website for a flat fee of $45. He raised $4.5 million.