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Wednesday, January 26, 2011

DAI: S&P closes at 29-month high; techs, commodities lead

Reuters
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01/26/2011
News Good evening Pan
LATEST NEWS
S&P closes at 29-month high; techs, commodities lead
NEW YORK (Reuters) - The S&P 500 closed at a 29-month high on Wednesday led by gains in tech and commodity shares, as investors largely ignored the U.S. Federal Reserve's lukewarm economic assessment. | Full Article
Fed cautious on recovery, focused on joblessness
January 26, 2011 03:26 PM ET
WASHINGTON (Reuters) - The Federal Reserve gave the U.S. economy a lukewarm assessment on Wednesday despite recent signs the recovery was strengthening, saying high unemployment still justified its $600 billion bond-buying program. | Full Article
U.S. sales gain boosts Starbucks' quarterly profit
January 26, 2011 04:11 PM ET
CHICAGO (Reuters) - Starbucks Corp, the world's largest coffee chain, reported higher quarterly profit for its fiscal first quarter, driven by strong sales in the United States during the holiday quarter. | Full Article
New home sales at 8-month high
January 26, 2011 03:15 PM ET
WASHINGTON (Reuters) - Sales of U.S. new homes raced to their highest level in eight months in December, but gains were driven by a surge in the West that economists were reluctant to call a sign of the market's recovery. | Full Article
Qualcomm raises fiscal 2011 outlook
January 26, 2011 04:16 PM ET
SAN FRANCISCO (Reuters) - Qualcomm Inc raised its fiscal 2011 revenue estimate to between $13.6 billion and $14.2 billion as sales of wireless chips accelerated. | Full Article
US TOP NEWS
Obama takes fiscal balancing act to heartland
January 26, 2011 03:56 PM ET
MANITOWOC, Wisc. (Reuters) - President Barack Obama went to the heartland on Wednesday to promote his agenda of investing to create jobs while reining in spending, a recipe Republicans say is unworkable. | Full Article
Unprecedented anti-government protests rock Egypt
January 26, 2011 04:20 PM ET
CAIRO (Reuters) - Police fought with thousands of Egyptians who defied a government ban on Wednesday to protest against President Hosni Mubarak's 30-year-old rule, firing rubber bullets and tear gas and dragging away demonstrators. | Full Article
Giffords moved to rehabilitation hospital
January 26, 2011 11:29 AM ET
HOUSTON (Reuters) - Representative Gabrielle Giffords was moved to a long-term rehabilitation hospital on Wednesday morning after doctors upgraded her condition from serious to good. | Full Article
Toyota recalls 1.7 million autos as quality woes mount
January 26, 2011 03:15 PM ET
TOKYO (Reuters) - Toyota Motor Corp said it would recall more than 1.7 million vehicles worldwide, bringing its total for recalls to nearly 16 million since late 2009 and dealing a blow to its efforts to restore its reputation for quality. | Full Article
Lehman files new plan for repaying creditors
January 26, 2011 12:00 PM ET
WILMINGTON, Delaware (Reuters) - Bankrupt financial company Lehman Brothers Holdings Inc proposed a new plan for dividing up billions of dollars among its creditors and offered a bigger payment to bondholders, provided they sign on. | Full Article
HEALTH NEWS
Breast implants may be linked to rare cancer: FDA
Ancient body clock keeps all life on time: studies
Many Spanish-speaking Hispanics go un-immunized
Kidney stones and clogged arteries may be linked
Cholera causing more deaths, experts urge vaccination
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