DAI: Stocks ends higher as rally resumes

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Good evening Pan, WED 10 Nov 2010    Stocks ends higher as rally resumes Cisco revenue rises 19 percent Deficit panel targets Social Security and taxes GM posts $2 billion quarter profit, IPO next "Too big to fail bank" plans may be softened Government begins fiscal year with 3rd highest deficit Obama tells G20 dollar strength rests on U.S. economy Competition picks up in insurance for the rich Jobs and trade data show improving economy Halliburton plans big capex increase in 2011 UK student outrage Bottoms up for European wine UK's Osborne backs strong US economy Stocks ends higher as rally resumes November 10, 2010 04:13 PM ET NEW YORK (Reuters) - Wall Street rose on Wednesday, as investors put the previous day's uncertainty aside and snapped up some of the week's biggest losers in renewed optimism the rally remains intact. Full Article Cisco revenue rises 19 percent November 10, 2010 04:21 PM ET NEW YORK (Reuters) - Cisco Systems Inc reported a 19 percent jump in quarterly revenue, as a recovering economy encouraged more customers to upgrade their networks to handle growing Internet traffic. Full Article Deficit panel targets Social Security and taxes November 10, 2010 04:21 PM ET WASHINGTON (Reuters) - The co-chairmen of a presidential commission to cut the budget deficit on Wednesday proposed reducing benefits and raising the U.S. pension retirement age among an array of tax and spending changes. Full Article GM posts $2 billion quarter profit, IPO next November 10, 2010 02:24 PM ET DETROIT (Reuters) - General Motors Co posted a $2 billion third-quarter profit on Wednesday, driven by an accelerating turnaround in North America as it rushes to complete an initial public offering of stock set for next week. Full Article "Too big to fail bank" plans may be softened November 10, 2010 12:10 PM ET THE HAGUE/LONDON (Reuters) - Plans to impose extra safeguards on the world's top banks may be softened, a senior regulator signaled on Wednesday as world leaders gathered in Seoul to keep their regulatory reforms on track. Full Article Government begins fiscal year with 3rd highest deficit November 10, 2010 02:47 PM ET WASHINGTON (Reuters) - The United States began the new fiscal year with a $140 billion budget deficit, the third largest shortfall for any October, Treasury Department data showed on Wednesday. Full Article Obama tells G20 dollar strength rests on U.S. economy November 10, 2010 03:52 PM ET SEOUL (Reuters) - President Barack Obama responded to widespread criticism that the United States is deliberately weakening the dollar as he tried to swing the G20 spotlight back onto global imbalances at a gathering of world leaders in Seoul. Full Article Competition picks up in insurance for the rich November 10, 2010 03:50 PM ET NEW YORK (Reuters) - U.S. insurers are targeting the wealthy as one of the few client groups willing to pay higher rates and buy more policies, and competition to serve those people is increasing. Full Article Jobs and trade data show improving economy November 10, 2010 03:17 PM ET WASHINGTON (Reuters) - The economy showed signs of pulling out of its slow-growth rut as initial jobless benefit claims hit a four-month low last week and the trade gap narrowed more than expected in September. Full Article Halliburton plans big capex increase in 2011 November 10, 2010 02:31 PM ET SAN FRANCISCO (Reuters) - Halliburton Co , the world's second-largest oilfield services company, plans to increase capital spending next year by about a fifth at least, as it targets new opportunities outside its core U.S. market. Full Article

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