Transports shine on quiet day for Wall Street

Transports shine on quiet day for Wall Street (Reuters)
Posted: 06 Jul 2011 01:32 PM PDT
Traders work on the floor of the New York Stock Exchange June 29, 2011. REUTERS/Brendan McDermidReuters - 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
Visa credit cards are displayed in Washington October 27, 2009. REUTERS/Jason ReedReuters - 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
A man strolls past an electronic stock sign board outside a securities firm in Tokyo, Japan, Wednesday, July 6, 2011. Asian stock markets swung back and forth Wednesday as investors proceeded cautiously following a weak performance on Wall Street and a downgrade of Portugal's debt rating. Japan's Nikkei 225 index rose 0.5 percent to 10,018.55, above the psychologically important 10,000 mark for the second time this week. (AP Photo/Itsuo Inouye)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
Dominique Strauss-Kahn, former head of the IMF, returns home after a meeting with his lawyers. The prosecution is promising to carry on its investigation into the sexual assault allegations until the truth emerges, insisting the case will not be dismissed and that the charges stand.(AFP/David Karp)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
A young customer looks at Apple's iPad 2 at Zurich's Apple store after its official launch for direct purchase in Switzerland March 25, 2011. REUTERS/Christian HartmannReuters - 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
Estate agents' boards are pictured outside properties in southeast London, in December 2010. House prices in Britain rose by 1.2 percent in June from the level in May, data from a major home-loans provider has shown.(AFP/Ben Stansall)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
House Majority Leader Eric Cantor of Va., right, speaks to reporters during a pen and pad on Capitol Hill in Washington, Wednesday, July 6, 2011. (AP Photo/Manuel Balce Ceneta)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
In this june 28, 2011 photo, Ben Edwards, team leader on assembly line number 6, works on the front door of a new Volkswagen Passat in Chattanooga, Tennessee. Mr. Edwards is a new auto employee at the Volkswagen plant which opened on May 24, 2011. (AP Photo/Billy Weeks)AP - Volkswagen opened a plant in Tennessee last month with 2,000 workers. Honda is hiring 1,000 in Indiana to meet demand for its best-selling Civic. General Motors is looking for 2,500 in Detroit to build the Chevy Volt.

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