Update: At 6 a.m. ET. Jan. 10, White House Announcement:
The White House has officially confirmed that President Obama will nominate his chief of staff, Jacob "Jack" Lew, to be the next Treasury secretary. According to a statement, the announcement is scheduled for 1:30 p.m. ET today (Thursday).
The Consumer Electronics Show opened this week in Las Vegas. It's supposed to give the world a glimpse of what's coming next in technology. But the absence of major consumer-technology companies such as Amazon, Apple and Microsoft, has led some to wonder whether CES still matters.
Alcoa, the biggest aluminum producer in the U.S., has announced it posted a profit of more than $240 million in the last three months of 2012. That's a big improvement from the same quarter the year before when it lost $190 million.
Insurance company AIG holds a board meeting Wednesday to consider joining former CEO Maurice "Hank" Greenberg's lawsuit against the government over its handling of the AIG bailout in 2008. For more on the suit, Steve Inskeep talks to business reporter Michael de la Merced of The New York Times.
Target says it will match the online prices of Amazon.com and others. Target knows that increasingly consumers are using mobile devices to check prices online as they cruise the aisles. And if the price is better somewhere else, that's where they'll buy it.
The International Labor Organization, the U.N. agency that deals with labor issues, has released a report on the growing number of domestic workers around the globe, and their lack of legal and worker protections. There are almost 53 million domestic workers and 83 percent are women. They have often been ignored by policy makers.
Originally published on Tue January 8, 2013 5:44 pm
By Krishnadev Calamur
A fuel leak Tuesday on a Tokyo-bound Japan Airlines flight forced the Boeing 787 Dreamliner aircraft to cancel takeoff and return to the gate at Boston's Logan International Airport. It was the second incident involving a Dreamliner in two days.
Here's how Logan airport described the incident on its Facebook page: