Headlines today. In washington with the food inflation conduct food inflation report, greg storz and paul sweeney are in new york as the high court dealt what may be a fatal blow to area arielle aereo. The Supreme Court decided today that theyve violated broadcasting copyright laws by taking the signals for free. The justices ruled against the barry diller backed internet startup. A triumph for broadcast , nbc,ies, including abc and cbs, who said that they were threatening the underpinnings of the industry by selling the programming online without licensing fees. Aereo sought to give consumers a new way to watch broadcast tv would do without urges and packages. Customers in 11 cities have been able to watch live and recorded broadcast programs or as little as eight dollars per month. In a statement after the decision the ceo said that the decision by the Supreme Court is a massive set act for the american consumer. He continued that they would continue to fight for their consumers and
Even when they say its not it is always about money. Melissa first lets take a look at the days market headlines. Stocks adding losses to yesterdays big selloff. New home sales rose to the highest level in two years. But economic concerns voiced by the fed helped send stocks to the downside. The dow fell 25 points. The Justice Department filing a one billion dollar civil lawsuit against bank of america. Its countrywide financial unit of quote, brazen mortgage fraud while selling home loans to fannie mae and freddie mac between 2007 and 2009. Facebook shares skyrocketed nearly 20 for their biggest single day gain since the may ipo. Facebook beat Third Quarter earnings estimates and investors were especially encouraged by facebooks 153 million in mobile ad sales. To our top story. A new report says that the u. S. Could surpass saudi arabia in Oil Production by 2020. And on top of that, shale energy could create 1. 3 million jobs. Boy, do we need that. Will shale save the u. S. Economy .
Even when they say its not it is aays about money. Melissa first lets take a look at the days market headlines. Stocks adding losses to yesterdays big selloff. New home sales rose to the highest level in two years. But economic concerns voiced by the fed helped send stocks to the downside. The dow fell 25 points. The Justice Department filing a one billion dollar civil lawsuit against bank of america. Its countrywide financial unit of quote, brazen mortgage fra while selling home loans to fannie mae and freddie mac between 2007 and 2009. Acebook shares skyrocketed nearly 20 for their biggest single day gain since the may ipo. Facebook beat Third Quarter earnings estimates and investors were especially encouraged by facebooks 153 million in mobile ad sales. To our top story. A new report says that the u. S. Could surpass saudi arabia in Oil Production by2020. And on top of that, shale energy could create 1. 3 million jobs. Boy, do we need that. Will shale save the u. S economy . To dril