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Wednesday, December 29, 2010

DAI: Markets close slightly higher, strong December seen

Reuters
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12/29/2010
News Good evening Pan
LATEST NEWS
Markets close slightly higher, strong December seen
NEW YORK (Reuters) - The S&P 500 headed for its best December in nearly two decades as U.S. stocks advanced in thin trade on Wednesday, lifted by investor optimism about the economy in 2011. | Full Article
Blizzard delays $1 billion in holiday sales
December 29, 2010 01:36 PM ET
NEW YORK (Reuters) - A blizzard in the U.S. Northeast this weekend postponed about $1 billion in holiday retail sales by keeping shoppers out of stores in the days after Christmas, research firm ShopperTrak said on Wednesday. | Full Article
China's rare earths export cut raises trade concerns
December 29, 2010 02:16 PM ET
SYDNEY (Reuters) - China's move to slash export quotas on rare earth minerals -- vital in a slew of high-tech products -- has raised fresh international trade concerns, and Japan's Sony Corp vowed on Wednesday to reduce its reliance on the minerals. | Full Article
Bond market seen firm as year-end approaches
December 29, 2010 03:47 PM ET
NEW YORK (Reuters) - U.S. Treasuries debt prices should stay firm into year-end, following a strong seven-year note auction on Wednesday, as investors square books ahead of year-end and prepare for Federal Reserve purchases next week. | Full Article
Dollar hits session lows after Treasury auction
December 29, 2010 01:16 PM ET
NEW YORK (Reuters) - The dollar fell to session lows versus the yen and euro on Wednesday as U.S. bond yields dropped following a solid auction of seven-year Treasury notes. | Full Article
US TOP NEWS
California woman arrested in insider trading case
December 29, 2010 04:33 PM ET
NEW YORK (Reuters) - U.S. prosecutors on Wednesday charged a California woman with leaking secrets about technology companies to two hedge funds in exchange for illegal payments, expanding their probe into insider trading. | Full Article
Mayor Bloomberg under fire for handling of blizzard
December 29, 2010 03:58 PM ET
NEW YORK (Reuters) - New York Mayor Michael Bloomberg, a political independent whose reputation was built on competence, may have been defeated this time by a blizzard. | Full Article
Microsoft co-founder relaunches tech patent suit
December 29, 2010 11:44 AM ET
SEATTLE (Reuters) - Microsoft Corp co-founder Paul Allen relaunched a wide-ranging patent lawsuit against Apple Inc, Google Inc, Facebook and others with specific allegations that the companies are illegally using technology owned by his company. | Full Article
Judge clears way for Murkowski Alaska Senate win
December 29, 2010 01:27 AM ET
ANCHORAGE, Alaska (Reuters) - A federal judge on Tuesday dismissed a lawsuit by conservative Tea Party favorite Joe Miller that challenged his loss in Alaska's election for a Senate seat, clearing the way for state officials to certify Lisa Murkowski's historic write-in victory. | Full Article
Home foreclosures jump in 3rd quarter: regulators
December 29, 2010 01:02 PM ET
WASHINGTON (Reuters) - U.S. home foreclosures jumped in the third quarter and banks' efforts to keep borrowers in their homes dropped as the housing market continues to struggle, U.S. bank regulators said on Wednesday. | Full Article
HEALTH NEWS
Study finds high rate of ER trips for food allergies
Meat, poultry to have nutrition labels by 2012: USDA
Warfarin may be underused to prevent strokes
Some soy supplements OK for long-term use
More tiny babies surviving, but with problems
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