Posted inNation & World

Justice memo says pot growers could face federal prosecution

WASHINGTON – The Justice Department says that marijuana dispensaries and licensed growers in states with medical marijuana laws could face prosecution for violating federal drug and money-laundering laws. In a policy memo to federal prosecutors, U.S. Deputy Attorney General James Cole said a 2009 memo by then-Deputy Attorney General David Ogden did not give states […]

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Posted inLife & Culture

People & EntertainmentColbert gets OK to use TV resources

WASHINGTON – The Federal Election Commission said Thursday that comedian Stephen Colbert can use his TV show’s resources to boost his political action committee, but he must disclose some major expenses as in-kind contributions from the show’s corporate owners. Colbert played it straight during his appearance before the commission, letting his attorney do most of […]

Posted inNation & World

Geithner confirms he’ll continue as Treasury secretary

CHICAGO – Treasury Secretary Timothy Geithner said Thursday he’ll stay in his job for the “foreseeable future,” addressing speculation he might leave the Obama administration after the current round of budget negotiations. “I live for this work. It’s the only thing I’ve ever done. I believe in it,” Geithner said when questioned about his plans […]

Posted inBusiness

Briefcase

Goldman Sachs, BOA to cut positions as bond sales slow Bank of America and Goldman Sachs are among financial firms cutting more than 1,300 workers in an effort to trim expenses and match revenue as equity and bond trading slows. Bank of America, the biggest U.S. bank, cut about 60 positions in its equity-sales and […]

Posted inBusiness

California tax spurs Amazon to cut affiliates

SAN FRANCISCO – Amazon. com Inc. and much smaller Overstock.com Inc. are cutting off their advertising affiliates in California because of a new state rule forcing online retailers to collect sales tax there. The new rule requires online retailers to collect California sales taxes if they have in-state affiliates. “Affiliate” is the term the online […]

Posted inNation & World

Prince William and Kate thrill Canadians

OTTAWA, Ontario – Prince William and Kate tried out their French in public and put on their best British charm for screaming Canadians as the royal newlyweds began their first official overseas trip Thursday. Poised and confident, the Duke and Duchess of Cambridge, as they are formally known, thrilled the crowds with warm, unscripted gestures, […]