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Thursday, February 24, 2011

DAI: Late rebound on oil drop shows bulls still kicking

Reuters
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02/24/2011
News Good evening Pan
LATEST NEWS
Late rebound on oil drop shows bulls still kicking
NEW YORK (Reuters) - Bruised but not bowed, bulls staged a rebound on Thursday and helped stocks stabilize in a volatile session suggesting investors aren't ready to give up on the market's rally. | Full Article
Oil falls from near $120 on Saudi, Gaddafi rumor
February 24, 2011 03:31 PM ET
NEW YORK (Reuters) - Oil dropped sharply from 2-1/2 year highs near $120 a barrel on Thursday following Saudi Arabia's assures it could fill any Libyan supply shortfalls and unsubstantiated trade rumors Libyan leader Muammar Gaddafi had been shot. | Full Article
GM shares at post-IPO low, oil risk trumps profit
February 24, 2011 02:22 PM ET
DETROIT (Reuters) - General Motors Co posted fourth-quarter results that topped Wall Street expectations, but its shares fell below their IPO price as investor concerns shifted to the pressure from rising oil prices and higher costs of launching and selling new cars. | Full Article
Toyota recalls 2.2 million more autos; U.S. ends probe
February 24, 2011 01:15 PM ET
DETROIT/WASHINGTON (Reuters) - Toyota Motor Corp said on Thursday it was recalling nearly 2.2 million vehicles over the risk that the accelerator pedal could be trapped by loose or misplaced carpet on the driver's side. | Full Article
Fed's Bullard says it's time to debate completing QE2
February 24, 2011 03:39 PM ET
BOWLING GREEN, Kentucky (Reuters) - A senior U.S. Federal Reserve official said on Thursday he thinks it is time to consider tapering off or scaling back a $600 billion bond-buying program because of an improved economic outlook. | Full Article
US TOP NEWS
Algeria lifts 19-year-old state of emergency
February 24, 2011 03:41 PM ET
ALGIERS (Reuters) - Algeria on Thursday lifted a 19-year-old state of emergency in a concession to the opposition designed to keep out a wave of uprisings sweeping the Arab world. | Full Article
Gun battles rage in Libya, U.S. examines options
February 24, 2011 03:54 PM ET
BENGHAZI, Libya (Reuters) - Forces loyal to Muammar Gaddafi launched a fierce counter-attack on Thursday on rebels holding towns near the capital and the United States did not rule out military action in response to the Libyan crackdown. | Full Article
Saudi charged in U.S. bomb plot, Bush possible target
February 24, 2011 04:24 PM ET
WASHINGTON (Reuters) - A 20-year-old Saudi student has been arrested in Texas in a bomb plot that may have targeted former President George W. Bush and nuclear plants, U.S. authorities said on Thursday. | Full Article
UK court agrees Assange extradition to Sweden
February 24, 2011 03:43 PM ET
LONDON (Reuters) - WikiLeaks founder Julian Assange, who rocked the U.S. government by publishing thousands of secret diplomatic memos, must be extradited to Sweden to face sex crimes allegations, a British judge ruled on Thursday. | Full Article
Jobless claims fall, durable orders mixed
February 24, 2011 04:14 PM ET
WASHINGTON (Reuters) - New U.S. claims for jobless aid fell last week, indicating healing in the labor market, but declines in new home sales and orders for a range of factory goods in January showed the recovery remains uneven. | Full Article
HEALTH NEWS
In elective surgery, U.S. doctors in regions hold sway
U.S. may pay for sex disease tests for elderly
High good cholesterol linked to long life in men
Many new docs break rules for maximum work hours
Spikes in PSA a poor predictor of prostate cancer
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