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Waiting for word from Bernanke, stocks move higher
NEW YORK (AP) — It's all about the Fed. Still.U.S. stocks moved higher Tuesday, helped by news of a pickup in home building and low inflation. But the Federal Reserve loomed large, with investors trying to guess what the central bank will say Wednesday about how long it plans to keep stimulus programs in place. For many, the market was in a holding pattern as investors waited for Wednesday's announcement.
The market's gains were steady and broad. The Standard & Poor's 500 index rose 12.77 points, or 0.8 percent, to 1,651.81. All 10 of its sectors rose, led by... Read More
NSA director says plot against Wall Street foiled
WASHINGTON (AP) — The U.S. foiled a plot to bomb the New York Stock Exchange because of the sweeping surveillance programs at the heart of a debate over national security and personal privacy, officials said Tuesday at a rare open hearing on intelligence led by lawmakers sympathetic to the spying.The House Intelligence Committee hearing provided a venue for officials to defend the once-secret programs and did little probing of claims that the collection of people's phone records and Internet usage has disrupted dozens of terrorist plots. Few details were volunteered.
Chrysler agrees to recall of Jeeps at risk of fire
DETROIT (AP) — Chrysler abruptly agreed to recall 2.7 million older model Jeeps Tuesday, reversing a defiant stance and avoiding a possible public relations nightmare over fuel tanks that can rupture and cause fires in rear-end collisions.In deciding on the recall, Chrysler sidestepped a showdown with government safety regulators that could have led to public hearings with witnesses providing details of deadly crashes involving the Jeeps. The dispute ultimately could have landed in court and hurt Chrysler's image and its finances.
The company said calls from... Read More
G-8 seeks unity on Syrian peace talks, tax evasion
ENNISKILLEN, Northern Ireland (AP) — President Barack Obama, Russian President Vladimir Putin and other G-8 leaders attempted to speak with one voice Tuesday on seeking a negotiated Syrian peace settlement — yet couldn't publicly agree on whether this means President Bashar Assad must go.Their declaration at the end of the two-day Group of Eight summit sought to narrow the diplomatic chasm between Assad's key backer, Russia, and Western leaders on starting peace talks in Geneva to end a two-year civil war that has claimed an estimated 93,000 lives.
G-8... Read More
Here's what to watch for Wednesday from the Fed
WASHINGTON (AP) — What the world hopes to hear Wednesday from the Federal Reserve can be summed up in one word: clarity.Chairman Ben Bernanke will be pressed to settle the wave of confusion and speculation that's consumed investors since he spoke to Congress last month about the Fed's drive to keep long-term interest rates at record lows.
Would the Fed scale back its $85 billion-a-month in bond purchases within "the next few meetings," as he suggested to Congress at one point? Or does the job market remain too weak for the Fed to slow its stimulus, as Bernanke... Read More
Top Stories in Business/Finance
- Waiting for word from Bernanke, stocks move higher
- NSA director says plot against Wall Street foiled
- Chrysler agrees to recall of Jeeps at risk of fire
- G-8 seeks unity on Syrian peace talks, tax evasion
- Here's what to watch for Wednesday from the Fed
- Stocks move higher as traders wait on the Fed
- 3rd pleads guilty in probe of Pilot Flying J
- Missouri moves to lift ban on foreign farm owners
- With Samsung, Jay-Z's business continues to boom
- Stuntwoman sues News Corp. over alleged phone hack
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