Money in a Minute: Headlines From Around the Web

Money in a Minute: Headlines From Around the Web

OIL: Saudi prince calls for lower oil prices

You know oil prices are high when a Saudi prince wants them to be lower. “Saudi Prince Al-Waleed bin Talal said he wants oil prices to drop so that the United States and Europe don’t accelerate efforts to wean themselves off his country’s supply,” CNN reports.

IMMIGRATION: Employers targeted in illegal worker crackdown

President Obama is cracking down on illegal immigrants by going after their employers. “In a break with Bush-era policies, the number of criminal cases against unauthorized immigrant workers has dropped sharply over the last two years,” The New York Times reports. Meanwhile, “long-running investigations of employers have culminated in indictments, convictions, exponentially increased fines and jail sentences.”

CARS: Lawmaker aims to stop recalled autos from being rented

Here’s a shock: It’s legal for rental car companies to offer vehicles that have been recalled and not repaired. Now a Congressman wants to end that practice. “U.S. Sen. Charles Schumer of New York said he will introduce a bill to stop car rental agencies from renting automobiles that are under recalls for problems that aren’t yet fixed,” MSNBC reports.

WEATHER: U.S. economy damaged more than thought by Japan quake

The March earthquake in Japan has hurt this country in a big way. “Factory shutdowns and ensuing problems with getting parts have slowed vehicle production, a move likely to drive up prices, increase unemployment and slow consumer spending,” USA Today reports. “Japan is having an impact across a swath of the economy, but is being felt most acutely on vulnerable Detroit automakers, whose business was just beginning to recover when the disaster hit March 11.”

ADVERTISING: American Airlines wins either way in NBA Finals

Withe the NBA finals underway, there’s already a winner: American Airlines. “American slapped its name on the arenas of both teams playing in the NBA Finals – the American Airlines Arena in Miami and the American Airlines Center in Dallas,” Yahoo! reports. “Whether the Miami Heat or the Dallas Mavericks win the championship, American figures to get a lot of TV time.”

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