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Monday, February 28, 2011

DAI: Wall St ends up, oil muddies bullish picture

Reuters
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02/28/2011
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LATEST NEWS
Wall St ends up, oil muddies bullish picture
NEW YORK (Reuters) - Bullish comments from Warren Buffett helped U.S. stocks end another good month on a high note on Monday, but uncertainty about oil prices could keep investors from pushing the market much higher. | Full Article
Consumer spending makes slow start, factories roar
February 28, 2011 04:14 PM ET
WASHINGTON (Reuters) - U.S. consumer spending barely edged up in January as households took advantage of tax cuts to rebuild their savings, suggesting spending would offer only a modest lift to the recovery in the first quarter. | Full Article
Blackstone to buy Centro malls for $9.4 billion: sources
February 28, 2011 01:39 PM ET
SYDNEY (Reuters) - Private equity firm Blackstone Group LP has struck a deal to buy nearly 600 U.S. strip malls and other properties from Australia's Centro Property Group for about $9.4 billion, people with direct knowledge of the transaction said on Monday. | Full Article
Barclays raises S&P 500 index 2011 target
February 28, 2011 02:58 PM ET
(Reuters) - Barclays Capital said it is more constructive about U.S. corporate earnings for 2011, citing increased confidence in financial sector margins and lower economic uncertainty, and raised its full-year price target for the S&P 500 index to 1,450 from 1,420. | Full Article
Ford CFO wants fewer incentives in Europe
February 28, 2011 03:03 PM ET
GENEVA (Reuters) - Ford Motor Co's financial chief wants automakers in the European market to adopt "rational" behavior and put an end to incentive rates he sees as excessive. | Full Article
US TOP NEWS
World raises pressure on Libya, battles for key towns
February 28, 2011 03:53 PM ET
TRIPOLI (Reuters) - Foreign powers talked openly on Monday of imposing a "no-fly" zone or making other military moves against Libyan leader Muammar Gaddafi, as rebels fought government forces trying to take back strategic coastal cities. | Full Article
Government shutdown unlikely, but budget battle continues
February 28, 2011 03:21 PM ET
WASHINGTON (Reuters) - A short-term deal taking shape in Congress to avert a government shutdown is only a temporary respite from a bitter debate over the federal budget as Democrats and Republicans clash over spending cuts. | Full Article
Wisconsin's Walker to absent Democrats: 24 hours to return
February 28, 2011 02:43 PM ET
MADISON, Wisc. (Reuters) - Wisconsin's Republican Gov. Scott Walker said on Monday that absent senate Democrats have 24 hours to return and vote on a measure to reduce the power of public sector unions or the state will miss out on opportunity to refinance its debt. | Full Article
Oil edges lower as traders eye Libya turmoil
February 28, 2011 04:25 PM ET
NEW YORK (Reuters) - Oil prices fell on Monday in volatile trading as expectations that increased production from Saudi Arabia can offset supply disruptions in the region allowed wary investors to take a breather after Libya's turmoil sent prices to 2-1/2-year peaks last week. | Full Article
Special Report: U.S. cables detail Saudi royal welfare program
February 28, 2011 07:51 AM ET
LONDON (Reuters) - When Saudi King Abdullah arrived home last week, he came bearing gifts: handouts worth $37 billion, apparently intended to placate Saudis of modest means and insulate the world's biggest oil exporter from the wave of protest sweeping the Arab world. | Full Article
HEALTH NEWS
AIDS gel shown to protect anal tissue from HIV
Study links sugary drinks with high blood pressure
Obama offers states flexibility on healthcare law
Gates Foundation works to boost food production
Treat kids' discomfort, not fevers: Pediatricians
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