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The Obama administration on Friday proposed a bill intending to fill gaps by issuing some baseline information-processing requirements for all sorts of firms.

The new proposed bill, the Customer Privacy Bill of Rights Act, aims to provide American with more handles, fulfilling a promise the president had talked about for years.

But some privacy advocates immediately raised questions on the proposed bill. They said that the new legislation less adequate, specifically given the broad statements President Barack Obama had issued on the challenge.

They said that the bill will provide more flexibility to the providers and customers on the other hand will have no sufficient power.

Mumbai: A benchmark index of Indian equities markets, the 30-scrip Sensitive Index (Sensex), Saturday surged 213.71 points or 0.73 percent in the early session ahead of the Union Budget.

Boston Marathon bombing suspect Dzhokhar Tsarnaev has lost a final bid to move his trial to another city. It happened just a week before a jury will start hearing the terrorism case.

This is not the first denial for him, as the 21-year-old former college student has lost repeated requests to move the trial to New York or Washington.

Tsarnaev was accused of building two homemade pressure cooker bombs with his older brother, Tamerlan.

The death penalty trial of Dzhokhar Tsarnaev has faced a delay due to painstaking jury selection, crippling snowstorms and last-ditch appeals to move the case someplace else.

A report released by the University of Michigan on Friday showed that unusual harsh winter weather in February proved to have weighed upon consumers. But increase in jobs and lower gas prices helped strengthened the consumer sentiments, showed report.

According to the report, the measure of consumer sentiment fell to 95.4 in this month. Despite the fall, it is the highest level in past eight years.

Consumer sentiment in January was 98.1, an 11-year high. Severe winter weather and lower gas prices highly affected the consumer optimism.

Richard Curtin, chief economist of the surveys, said in a statement that it is very hard not to attribute the small February decline to the temporary impact of the harsh weather.

New Delhi, Feb. 28 - Markets witnessed a surge ahead of the presentation of the Union Budget 2015-16 as the Sensex shot up 250 points to reach 29476 and the Nifty was up 70 points at 8916.

In January, better-than-expected number of Americans signed contracts to purchase homes. The increase in number of signed contracts has hit an 18-month high. This means that home sales will increase after a slow start in the beginning of the year.

As per the National Association of Realtors, last month, its seasonally adjusted pending home sales index rose 1.7% to 104.2. In December also, there was a decline of only 1.5%, which was significantly better than earlier estimation of 3.7% fall. At present, the index is 8.4% above its level a year earlier.