Debt talks buffet stocks, but chipmakers shine

Debt talks buffet stocks, but chipmakers shine (Reuters)
Posted: 26 Jul 2011 02:24 PM PDT
Traders work on the floor of the New York Stock Exchange in New York July 25, 2011. The Democratic-led Senate and Republican-led House of Representatives consider rival plans this week to reduce the deficit and raise the debt ceiling. REUTERS/Lucas JacksonReuters - The stalemate in debt talks dragged down stocks for a second day on Tuesday, and light volume showed investors remained reluctant to make bets despite another round of healthy earnings.


Posted: 26 Jul 2011 06:01 PM PDT
A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008. REUTERS/Rick WilkingReuters - Amazon.com Inc will use its surging revenue to boost growth and drive expansion into areas such as Web content and cloud computing rather than boost its margins.


Posted: 26 Jul 2011 05:02 PM PDT
A demonstrator holds placards to protest U.S. debt in front of the Capitol in Washington July 18, 2011. REUTERS/Kevin LamarqueReuters - The United States will lose its top-notch AAA credit rating from at least one major rating agency, according to a Reuters poll that also found wrangling over the debt ceiling has already damaged the economy.



Posted: 26 Jul 2011 01:25 PM PDT
Reuters - WHAT: First reading on U.S. second-quarter GDP

Posted: 26 Jul 2011 03:46 PM PDT
Workers move a vending machine into position outside a new Walmart Express store in Chicago July 26, 2011. REUTERS/John GressReuters - Wal-Mart Stores Inc is opening its first small store in Chicago this week in the first true test of a store format the world's largest retailer hopes will let it penetrate urban markets that it so far has had trouble cracking.


Posted: 25 Jul 2011 01:48 PM PDT
Traders work the floor at the New York Stock Exchange. US stock markets sank and gold soared Monday as there was still no sign of a plan to raise the US debt cap, eight days before the country could be forced into default.(AFP/File/Stan Honda)AFP - The Washington deadlock over raising the US debt ceiling sent stocks tumbling Monday, as the August 2 date to avoid a government debt default grew closer with no deal in sight.


Posted: 26 Jul 2011 12:33 PM PDT
Reuters - Many of the world's leading steelmakers warn that profits in the second half of this year will be hurt because of the slow economic recovery, along with lower steel prices and higher raw material costs.

Posted: 26 Jul 2011 04:35 PM PDT
In this Nov. 11, 2010 photo, Leacroft Green places a package to the correct shipping area at an Amazon.com fulfillment center, in Goodyear, Ariz. Amazon.com Inc., reports quarterly financial results Tuesday, July 26, 2011, after the market close. (AP Photo/Ross D. Franklin, file)AP - Amazon.com Inc. said Tuesday that its second-quarter profit fell despite a 51 percent jump in revenue as the leading online retailer spent heavily to expand its business.


Posted: 26 Jul 2011 10:30 AM PDT
AP - Automaker Saab's recovery efforts were dealt a setback Tuesday after Sweden's state-controlled debt collector announced that a group of creditors has demanded its money back.

Posted: 26 Jul 2011 06:20 PM PDT
Senate Majority Leader Harry Reid of Nev., right, accompanied by Sen. Charles Schumer, D-N.Y., speaks to reporters on Capitol Hill in Washington, Monday, July 25, 2011, as they announce a new proposal to solve the debt limit crisis. (AP Photo/J. Scott Applewhite)AP - Could the U.S. lose its top credit rating even if a deal is reached to raise the debt limit? Market analysts and investors increasingly say yes. The outcome won't be quite as scary as a default, but financial markets would still take a blow. Mortgage rates could rise. States and cities, already strapped, could find it more difficult to borrow. Stocks could lose their gains for the year.


Posted: 26 Jul 2011 11:13 AM PDT
AP - Three of the nation's steel makers expect weakness in the U.S. and global economy will affect their third-quarter performances.

Posted: 26 Jul 2011 12:59 PM PDT
A 13 year old Israeli boy rests inside a tent in a protest tent encampment in central Jerusalem, Tuesday, July 26, 2011. Over the past two weeks, Israelis have set up tent camps in a handful of cities throughout the country, and organized protest marches and demonstrations calling attention to the soaring cost of living. (AP Photo/Bernat Armangue)AP - Thousands of young protesters have set up sprawling tent camps in Israeli cities, forcing Prime Minister Benjamin Netanyahu on Tuesday to introduce economic reforms to address a swell of discontent over high housing costs and stave off the worst domestic crisis of his two years in power.


Posted: 26 Jul 2011 06:37 PM PDT
FILE - In this Dec. 18, 2010 file photo, Sen. Ron Wyden, D-Ore., walks near the floor of the Senate on Capitol Hill in Washington. Nearly a year after the Obama administration announced an overhaul of ethics rules to deter the cozy relationship between offshore oil and gas companies and the agency that regulates them, documents obtained by The Associated Press show that ties between the industry and its regulator persist. “Our sense is the revolving door is still swinging too widely,” said Wyden, in an interview with AP, after reviewing the recusals. (AP Photo/Alex Brandon, File)AP - Ties between offshore oil and gas companies and the agency that regulates them are so pervasive that a year after new ethics rules took effect, as many as a third of inspectors in some Gulf of Mexico offices have been disqualified to avoid potential conflicts of interest.


Posted: 26 Jul 2011 02:51 PM PDT
AP - Travelers who paid all their federal airline taxes when they bought tickets might get a refund if they're flying now, after some of the taxes expired.

Posted: 26 Jul 2011 05:37 PM PDT
Yahoo! News - Over two hundred hybrid cars took a 20 minute drive around Madison, Wisconsin on Sunday to break the existing world record set in Belgium in 2010. Hoping for 500 cars, the event drew 208 which allowed it to shatter the previous …

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