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Friday April 20, 2012
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  • [420_79]

    High Expectations: Marketers Hope for Buzz on 4/20

    April 20 marks a high holiday for marijuana enthusiasts, who have long used "420" as code for cannabis and who celebrate the date with concerts, stoner-film marathons and controlled substances. This year marketers are trying to get in on the buzz.

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BUSINESS & FINANCE

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    Dewey & LeBoeuf's leaders are considering a novel rescue plan that would put the prestigious New York law firm into bankruptcy protection but might be its best hope at preserving value amid a wave of partner defections.

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    Microsoft's revenue rose 6% despite a sluggish consumer market for PCs, as the company weathers a tricky transition ahead of Windows 8.

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    Rising layoffs, falling home sales and slowing manufacturing activity are sparking fears the recovery is headed for another springtime stall.

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    Disappointing economic readings weighed on the stock market, with the Dow industrials dropping 68.65 points, or 0.5%, to 12964.10.

WORLD-WIDE

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    The U.S. and allies threatened Syria with penalties. France's foreign minister called Annan's cease-fire plan a "last hope" for peace. Clinton joined him in proposing tougher moves if Assad fails to comply in full with the U.N. envoy's plan to halt violence, including financial sanctions and an arms embargo.

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    Clinton also urged increased support for the Syrian opposition but didn't call for military intervention.

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    Americans rate Obama above Romney on personal qualities, a Wall Street Journal/NBC poll found. But Romney won higher marks on ideas to improve the economy.

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    Secret Service officials plan polygraph and drug tests for employees implicated in an alleged prostitution scandal and expect more ousters.

U.S. NEWS

ELECTION 2012

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FOOTNOTES

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