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News In Brief

MID-DAY UPDATE: Wells Fargo re-files, Nissan recalls and high speed rails

Shelly Moulton Oct 28, 2010

Wells Fargo will re-file 55,000 problematic foreclosure documents, but will not issue a blanket moratorium. Today, we learned that the number of people filing for unemployment is at its lowest level since July. Also, in transportation news, some people in the rail business are unhappy about an announcement from federal officials of $2.5 billion in high-speed rail grants.

In surprising news, another vehicle recall — but this time it’s from Nissan, involving more that 2 million vehicles with an ignition switch problem. Meanwhile, Secretary of State Hillary Clinton has urged China to clarify its policy on rare earth metals, this on the heels of reports that China curbed exports to the U.S., Europe and Japan. And European leaders hoping to draft plans to avoid a repeat of the Greek debt crisis will meet at a special summit today.

Back in the U.S., for our jobs series, we track the growing trend of hyper-local news websites where volunteers are working as “journalists” for their communities. Find out why Amendment 4 has developers in Florida rushing to file applications for new construction projects. Will Redbox be adding a new hue to a library near you? And before you hop on your next flight listen to the report on the meanest airlines in America. And finally, find out how much of the “Millionaire’s Club” consist of millionaires.

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