Archive for the ‘Business Section’ Category
Wall Street climbs in low-volume session (Reuters)
Reuters – 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)
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.
Google seeks to speed up Web searches (Reuters)
Reuters – Google Inc’s search engine now displays results before users finish typing.
More stimulus needed for economy: Geithner (Reuters)
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.
Wall Street up as fears for European economy ease (AFP)
AFP – US stocks were slightly up on Wednesday after news of a successful Portuguese debt auction eased the previous day’s concerns about the European economy.
Spartech posts fiscal 3Q loss, misses expectations (AP)
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)
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.