In today's news: Stocks rebound in a big way, Wal-Mart gets a big break, eco-minded states suffer a big disappointment, the world's fastest computer has a big lead over all the others, and foreign investment is up big.
Remember when the stock market was dropping and everyone was panicking? That was a couple weeks ago. This week? “Stocks climbed for a third straight day on Monday, the longest stretch of gains the market has had in nearly a month,” USA Today reports.
Wal-Mart took its appeal of a massive sex-discrimination lawsuit to the Supreme Court, and while the company didn’t win outright, it scored a big victory. “The justices all agreed that the lawsuit against Wal-Mart Stores Inc. could not proceed as a class action in its current form,” MSNBC reports. “The court said there were too many women in too many jobs at Wal-Mart to wrap into one lawsuit.”
ENVIRONMENT: Court rejects climate suit against utilities
States can’t sue utilities and force them to cut greenhouse gases, the Supreme Court has ruled. “The states, which sought a cap on emissions, argued that carbon dioxide spewed by the utilities is a public nuisance because it causes climate change,” Bloomberg reports. “The justices said the Environmental Protection Agency was better equipped.”
If you think you own a fast computer, Japan’s K Computer is faster – in fact, the fastest in the world as of this week, according to an annual list. “It’s three times faster than the second fastest supercomputer and more powerful than the next five supercomputers on the list combined,” CNN reports.
Finally, some good economic news: “Foreign direct investment in the U.S. increased by 49 percent in 2010, rebounding from 2009 levels during the height of the credit crunch, ” Bloomberg reports.