S&P, Dow end at two-year high on Fed, retail sales

Tweet NEW YORK (Reuters) – U.S. stocks extended a rally that started in September to close at two-year highs on Thursday, a day after the Federal Reserve unveiled a plan to boost the economy. View original post here: S&P, Dow end at two-year high on Fed, retail sales  Read More →

Rep Bachus warns Geithner on "Volcker rule"

Tweet WASHINGTON (Reuters) – The Republican front-runner to head a key U.S. congressional bank oversight panel has urged regulators to consider whether a new rule limiting risky trading by U.S. Continue reading here: Rep Bachus warns Geithner on "Volcker rule"  Read More →

Pitching its IPO, GM sees large profits on horizon

Tweet By TOM KRISHER 2010-11-05T00:23:05Z DETROIT (AP) — General Motors has the potential to make huge pretax profits once global auto sales fully recover, the company’s chief financial officer said Thursday in a video presentation that was posted online…. Here is the original post: Pitching its IPO, GM sees large profits on... 

Kraft Foods increases prices, marketing in 3Q

Tweet By SARAH SKIDMORE 2010-11-04T23:46:16Z PORTLAND, Ore. (AP) — Kraft Foods Inc. See original here: Kraft Foods increases prices, marketing in 3Q  Read More →

Nigeria: Companies miss deadline for telecom sale

Tweet By JON GAMBRELL 2010-11-04T23:16:37Z LAGOS, Nigeria (AP) — A group of private companies missed a deadline Thursday to provide a $750 million down payment to purchase Nigeria’s ailing state-run telephone company, the latest setback in efforts to privatize the firm…. Read more from the original source: Nigeria: Companies... 

CBS’s 3Q profit rises 53 percent on ad revival

Tweet By MICHAEL LIEDTKE 2010-11-04T23:08:11Z SAN FRANCISCO (AP) — CBS Corp. More: CBS’s 3Q profit rises 53 percent on ad revival  Read More →

Trucks outsell cars by widest margin in 5 years

Tweet By SHARON SILKE CARTY 2010-11-04T22:41:03Z DETROIT (AP) — Trucks outsold cars by the highest margin in nearly five years in October, a small sign that the economy may be starting to improve…. More here: Trucks outsell cars by widest margin in 5 years  Read More →

‘Final’ obstacle stalls $1.15B in US aid for Haiti

Tweet By JONATHAN M. KATZ and MARTHA MENDOZA 2010-11-04T22:40:13Z PORT-AU-PRINCE, Haiti (AP) — As if Haitians living in tents and under scraps of plastic don’t have enough to grapple with as a tropical storm bears down and cholera spreads, the U.S. Read more here: ‘Final’ obstacle stalls $1.15B in US aid for Haiti  Read More →

Fed plan will let healthy banks boost dividends

Tweet By JEANNINE AVERSA 2010-11-04T22:05:01Z WASHINGTON (AP) — The Federal Reserve is preparing to let healthy banks boost dividends paid to investors…. See original here: Fed plan will let healthy banks boost dividends  Read More →

Stocks rally around the world after Fed action

Tweet By PAUL WISEMAN 2010-11-04T22:00:16Z WASHINGTON (AP) — Global stock markets staged an explosive rally Thursday, embracing a move by the Federal Reserve to try to rejuvenate the U.S. economy by buying $600 billion in Treasury bonds… Read more: Stocks rally around the world after Fed action  Read More →