National News from Yahoo

For just a minute, Dow hits 14,000

NEW YORK (AP) — The Dow Jones industrial average briefly topped 14,000 on Friday morning, a milestone not seen since before the financial crisis rocked the markets and the world economy.


Unemployment rises, economy sluggish

The unemployment rate rose from 7.8 in December to 7.9 percent in January, but the economy added 157,000 new jobs last month, according to the U.S. Bureau of Labor Statistics' monthly report released Friday morning. The report indicates that job gains were seen in retail trade, construction, health care and wholesale trade, while employment edged [...]


Ed Koch, mayor who saved NYC, dies

Former Mayor Ed Koch, the combative, acid-tongued politician who rescued the city from near-financial ruin during a three-term City Hall run in which he embodied New York chutzpah for the rest of the world, died Friday. He was 88.


Portugal makes investors happy, its people miserable

LISBON (Reuters) - Portuguese consumer confidence is at record lows, unemployment at all-time highs and the country has launched the largest tax rises in living memory. Yet investors are snapping up its bonds and its international lenders are full of praise. In perhaps the starkest example of the gap between renewed investor appetite and languishing economies, Portugal has started 2013 on its strongest footing since it was bailed out in mid-2011, with confidence boosted by hopes it will relinquish its lifeline from the European Union and IMF as scheduled. Investors bought 2. ...


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