For the first time in 20 years, the number of U.S. homes with TV sets has dropped. The Nielsen Company says that 96.7 percent of households now own sets, down from 98.9 percent previously. One reason for the decline is poverty: Some low-income households no longer own TV sets, most likely because they cannot afford new digital sets and antennas. Another is that younger people who have grown up with laptops are opting not to buy TVs. Instead, they subsist on programming from the Internet. That second reason is prompting Nielsen to think about a redefinition of the term "television household" to include Internet video viewers. - New York Times
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THE WEEK THAT WAS
WINNER: U.S. automakers
Word that Chrysler posted its first profit since mid 2006 completed a remarkable turnaround for U.S. automakers, who have emerged strongly from the recession.
LOSER: Japanese automakers
Parts shortages due to the earthquake and tsunami caused domestic Japanese auto sales to fall 51 percent in April.
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Carmaker Jaguar said Friday it will build the C-X75 hybrid electric supercar it showed off at last fall's Paris auto show. The price tag: a mere $1.1 million to $1.5 million. Jaguar, owned by India's Tata Motors, plans to build only 250 of the cars, which has a top speed in excess of 200 miles per hour. Production and sale are targeted for late 2013. The C-X75 will be powered by a combination of an internal combustion engine and electric motors that offer an all-electric running range of 50 kilometers (a little over 31 miles). It will feature a lightweight, all-carbon-fiber chassis. - Reuters
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Looking ahead: Labor Department releases weekly jobless claims on Thursday