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Wall Street climbs in low-volume session (Reuters)
Wed, 08 Sep 2010 21:48:28 GMT

Traders work on the floor of the New York Stock Exchange, September 7, 2010.REUTERS/Brendan McDermidReuters - Stocks rose on Wednesday as investors latched onto positive news out of Europe in the latest in a string of low-volume sessions suggesting little confidence in market direction.


Obama: U.S. can't afford to extend tax cuts for rich (Reuters)
Thu, 09 Sep 2010 00:33:16 GMT

US President Barack Obama walks to the Oval Office at the White House in Washington, DC. Obama admitted Wednesday if US voters in the upcoming midterm elections make their choices based on their opinion of the economy, his Democratic Party could be in big trouble.(AFP/Jim Watson)Reuters - President Barack Obama, fighting to keep Democrats in charge of Congress, said on Wednesday the United States could not afford to extend Bush-era tax cuts for the rich and accused Republicans of being fiscally irresponsible.


BP points fingers in oil spill blame game (Reuters)
Thu, 09 Sep 2010 01:10:57 GMT
Reuters - BP Plc and its Gulf of Mexico oil well partners traded blame on Wednesday after an internal BP investigation tried to downplay the company's role in the world's biggest offshore spill.
Google seeks to speed up Web searches (Reuters)
Wed, 08 Sep 2010 23:27:15 GMT
Reuters - Google Inc's search engine now displays results before users finish typing.
More stimulus needed for economy: Geithner (Reuters)
Wed, 08 Sep 2010 22:43:31 GMT
Reuters - Treasury Secretary Timothy Geithner said on Wednesday the United States needed more incentives to stimulate job growth and bolster a slow recovery from a "savage" recession.
World stocks drop as investors seek safety (AFP)
Wed, 08 Sep 2010 12:26:47 GMT

A steet sign stands on Wall Street near the New York Stock Exchange in New York, in January 2009. US stocks were slightly up after news of a successful Portuguese debt auction eased the previous day's concerns about the European economy.(AFP/File/Emmanuel Dunand)AFP - World stock markets fell on Wednesday as investors sought safety amid fresh worries about the fragile economic recovery, helping propel the yen to a 15-year high against the dollar, analysts said.


A look at economic developments around the globe (AP)
Wed, 08 Sep 2010 20:36:02 GMT
AP - TOKYO — Japan's machinery orders, a key gauge of future business investment, rose the most in seven months, a sign that companies are more confident in the economic recovery.
Spartech posts fiscal 3Q loss, misses expectations (AP)
Wed, 08 Sep 2010 23:24:40 GMT
AP - Plastic sheet and packaging maker Spartech Corp. reported a net loss for its fiscal third quarter on Wednesday and said that despite higher revenue, the overall market recover is slower than expected.
Summary Box: Ireland to split Anglo Irish Bank (AP)
Wed, 08 Sep 2010 18:30:43 GMT
AP - SPLIT: Ireland plans to split its most troubled financial institution, Anglo Irish Bank, into a "good" deposit bank and a "bad" toxic-debt bank. The move comes as the nation seeks to reassure international lenders that it is dealing with the Irish debt crisis.
Bankers urge government to pull plug on Fannie, Freddie (Reuters)
Wed, 08 Sep 2010 20:35:59 GMT
Reuters - The federal government should take mortgage finance giants Fannie Mae and Freddie Mac off life support sooner rather than later, the Mortgage Bankers Association urged on Wednesday.
Crisis CEOs Sullivan and Peek find new jobs (Reuters)
Wed, 08 Sep 2010 21:05:08 GMT
Reuters - Two former chief executives who were criticized during the financial crisis for driving their firms to the brink have found new homes.
Coffee hits 13-year high; retail prices also up (AP)
Wed, 08 Sep 2010 21:28:12 GMT
AP - Coffee prices hit a 13-year high Wednesday, extending a rally that has sent prices up about 43 percent in the past three months.
Freddie Mac to issue new 5-year note due 2015 (AP)
Wed, 08 Sep 2010 17:41:01 GMT
AP - Government sponsored mortgage buyer Freddie Mac said Wednesday it plans to issue new five-year notes due on Sept. 10, 2015.
ND PSC approves selling renewable energy credits (AP)
Thu, 09 Sep 2010 00:25:01 GMT
AP - North Dakota regulators on Wednesday endorsed most of an Xcel Energy Inc. plan for selling its renewable energy credits and sharing the money with its electric customers in the state.
Obama, GOP Leader Tout Austerity ? In Different Ways (Investor's Business Daily)
Wed, 08 Sep 2010 23:11:00 GMT
Investor's Business Daily - The 2010 elections took a turn toward austerity on Wednesday, with President Obama calling for tax hikes on high earners and Republicans backing spending cuts.
AP Source: New GM CEO wants automaker to beat BMW (AP)
Wed, 08 Sep 2010 21:13:32 GMT

FILE - This undated file photo provided by The Carlyle Group on Thursday, Aug. 12, 2010, shows Daniel F. Akerson, then, managing director and head of global buyout of The Carlyle Group. Akerson, the new General Motors CEO, is telling employees Wednesday, Sept. 8, 2010, to go into attack mode to stay ahead of competitors like BMW AG instead of responding to them. (AP Photo/The Carlyle Group) NO SALES.AP - General Motors' new CEO told employees that the automaker needs to make cars and trucks that are better than those of competitors such as BMW.


The Treasury's New Research Office (BusinessWeek)
Tue, 07 Sep 2010 12:08:41 GMT
BusinessWeek - Don't expect an Elizabeth Warren-style campaign for the first director of the Office of Financial Research, yet another agency set up under the financial system overhaul. Unlike the pending decision over who will lead the Consumer Financial Protection Bureau, which has prompted online petitions and a viral rap video in support of the Harvard law professor, the competition over who will be the head of the research office is a wonks-only affair. ...