Money in a Minute: Headlines From Around the Web

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In today's news: The economy is still dragging, foreclosures are becoming hot deals, Microsoft will finally challenge the iPad, the Supreme Court rules on hiring illegal immigrants, and Maine is older than Florida.

U.S. RECOVERY: U.S. economy struggling to accelerate

The economy is still growing, but that growth is slowing instead of speeding up. “Data on Thursday showed the economy expanded at an unrevised 1.8 percent annual rate in the first three months of this year, while the number of Americans claiming unemployment benefits unexpectedly rose 10,000 to 424,000 last week.,” MSNBC reports.

HOUSING: Ohio, Illinois have steepest discounts on foreclosure prices

Looking for a housing bargain? Foreclosures are selling for an average of 27 percent less than homes that aren’t foreclosed. “Foreclosed homes in Ohio and Illinois drew the largest discounts, averaging 41 percent, followed by Kentucky at 39 percent,” USA Today reports.

TECH: Microsoft to preview Windows tablet software

Apple’s iPad software may be finally getting some competition from Microsoft – but not for months. “Microsoft is rushing to adapt Windows to better support devices that can compete with Apple’s iPad, which dominates the tablet market,” Bloomberg reports. “The new operating system won’t be out until next year.”

HOUSING: Supreme Court upholds Arizona employer sanctions law

Arizona can revoke the business licenses of companies that hire illegal immigrants. So says the Supreme Court. “By a 5-3 vote, the court rejected arguments from a coalition of business and civil rights groups, including the Chamber of Commerce and ACLU,” USA Today reports.

DEMOGRAPHICS: Where people are oldest – Maine tops Florida

Everyone thinks of Florida as “God’s Waiting room,” but the wintry state of Maine wins the prize for the oldest average resident. “Maine’s median age in 2010 was 42.7,” CNN reports. “That’s two years older than the median in Florida, and more than five years above the national median age of 37.2.”

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