Wednesday’s Headlines: Google Threatens to Pull Out of China
While the earthquake in Haiti is the main story we’re watching today, here are few other headlines of note this morning:
Google has announced it will stop censoring search results in China and threatened to pull out of the country all together, after an investigation found the company had been hit by cyber attacks originating from there. In a statement on its blog, the search giant said, “These attacks and the surveillance they have uncovered — combined with the attempts over the past year to further limit free speech on the web — have led us to conclude that we should review the feasibility of our business operations in China.”
The Supreme Court will consider Wednesday Reebok’s exclusive licensing deal with the National Football League to sell billions of dollars worth of hats, jerseys, sweatshirts and other apparel. Nina Totenberg of NPR breaks down the case here.
The $787 billion economic stimulus package has created or saved between 1.7 million and 2 million jobs, according to a new White House report. However, the stimulus’ impact on the economy ebbed in the final quarter of 2009, the report found.
Security forces in Yemen killed a man suspected of leading an al-Qaida cell and captured four other militants Wednesday, officials there announced. Meanwhile, in Afghanistan, U.S. led forces used aerial drones to kill 16 militants in the south of the country.
On Capitol Hill, top executives from Bank of America, Goldman Sachs, JPMorgan Chase and Morgan Stanley will testify Wednesday in front of a bipartisan commission investigating the causes of the global financial crisis.