Consumer spending hits lowest point in 17 months - Consumers, jolted by a credit crisis, job cuts and soaring energy costs, turned in the weakest spending performance in 17 months in February, further evidence that the risks of a recession are increasing. The Commerce Department said today that consumer spending edged up by just 0.1 percent last month, the poorest showing since September 2006. And if the effects of inflation are removed, spending was flat in February, the third consecutive month of sluggish activity.
China Law Could Impede Microsoft Deal for Yahoo - Microsoft’s hostile-takeover attempt against Yahoo may encounter an unexpected hurdle in August after a Chinese antimonopoly law takes effect that will extend the nation’s economic influence far beyond its borders. The law, which goes into effect on Aug. 1, is intended to strengthen an existing set of antitrust regulations the Chinese originally established in 1993.
Ledger's Joker could be biggest posthumous movie role - Heath Ledger's frenzied reinvention of the Joker had fans and colleagues buzzing. His dreadful clown face was seen online by millions, and stood as the goosebump-raising image upon which nearly all early marketing of "The Dark Knight" hinged. Now the Batman archfiend stands as Ledger's next-to-last performance. And while it's not the first, "The Dark Knight" has already emerged as arguably the biggest movie featuring a posthumous role in Hollywood history.
Cuba lifts curbs on mobile phones - Cubans are to be allowed unrestricted access to mobile phones for the first time, in the latest reform announced under new President Raul Castro. Some Cubans already own mobile phones, but they have had to acquire them via a third party, often foreigners.
Human noses 'can detect danger' - Our noses can quickly learn to link even subtle changes in smell with danger, claim scientists. Volunteers who could not differentiate between two similar smells found they could do it easily after being given a mild electric shock alongside one.
