Posted: 06 Jul 2011 01:32 PM PDT
Reuters - Transportation stocks were among the standouts in another flat session for U.S. equities on Wednesday, and the sector's rally could be cause for optimism ahead.Posted: 06 Jul 2011 06:37 PM PDT
Reuters - Bank of America Corp lost its bid to dismiss a lawsuit accusing it of reneging on promises to help borrowers modify their mortgage loans under a much-criticized federal program.
Posted: 06 Jul 2011 02:43 PM PDT
Reuters - Visa Inc , the world's largest card processing network, said revenue growth will slow next year as a result of a U.S. regulatory crackdown on debit card processing fees.Posted: 06 Jul 2011 05:26 PM PDT
Reuters - Japan's core machinery orders rose in May at the fastest pace in four months in a sign that capital expenditure could gather pace and support economic recovery as the country rebuilds from a devastating earthquake and tsunami.
Posted: 06 Jul 2011 05:09 PM PDT
Reuters - The European Central Bank is almost certain to raise interest rates later on Thursday and will show no let-up in its insistence that governments solve Greece's debt crisis without triggering a default credit rating.
Posted: 06 Jul 2011 05:36 AM PDT
AP - Another rate hike in China and a warning from a leading credit rating agency that Portugal may need another financial bailout sent stocks sharply lower on Wednesday.Posted: 06 Jul 2011 10:33 AM PDT
Reuters - Goldman Sachs, Lehman Brothers, and European banks RBS and UBS were the biggest beneficiaries of very short-term Federal Reserve loans extended at the height of the financial crisis, according to data released on Wednesday.
Posted: 05 Jul 2011 03:53 PM PDT
Investor's Business Daily - The second quarter was a "soft patch" for the U.S. economy, but corporate earnings likely remained strong.
Posted: 06 Jul 2011 05:29 PM PDT
Reuters - A downgrade of Portugal's credit rating to junk status underlines how the Greek crisis is poisoning other weak countries in the euro zone, regardless of their own efforts to shrink their debt and return to growth.
Posted: 06 Jul 2011 02:28 PM PDT
The Motley Fool - Most of us go about our days unaware that we have an advocate at the IRS, fighting for us. She's Nina Olson, and she recently delivered her "Fiscal Year 2012 Objectives" report to Congress, laying out her goals for the coming year. Her team's thoughts and suggestions make a lot of sense -- especially her worry about proposed budget cuts for the IRS.
Posted: 06 Jul 2011 06:07 PM PDT
AFP - The New York prosecution heading the sexual assault case against Dominique Strauss-Kahn has refused to step aside, following calls from the former IMF chief's accuser for a special prosecutor to take over.Posted: 06 Jul 2011 05:30 PM PDT
Reuters - A U.S. judge denied Apple Inc's attempt to quickly stop online retailer Amazon.com Inc from using the "App Store" name, according to a court document.Posted: 06 Jul 2011 04:09 AM PDT
AFP - British house prices rose by 1.2 percent in June from the level in May, data from a major home-loans provider showed on Wednesday.Posted: 06 Jul 2011 03:25 PM PDT
AP - Oil and natural gas producer Forest Oil Corp. issued revised guidance Wednesday for the second quarter and the rest of 2011 that excludes Canadian operations being spun into a new company.
Posted: 06 Jul 2011 06:07 PM PDT
AP - Republicans showed new signs of flexibility to break a budget impasse Wednesday, but the White House raised the ante — pushing for more deficit reduction and taking a pugnacious tone casting the GOP as defenders of corporate tax giveaways.Posted: 06 Jul 2011 01:44 PM PDT

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