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Tuesday, February 1, 2011

DAI: Dow hits 12,000 as stocks rally

Reuters
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02/1/2011
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LATEST NEWS
Dow hits 12,000 as stocks rally
NEW YORK (Reuters) - The Dow and S&P 500 closed at their highest levels since June 2008 on Tuesday and looked poised for more gains after strong earnings and signs of a surge in U.S. manufacturing. | Full Article
GM, Chrysler lead as auto sales rise
February 01, 2011 03:03 PM ET
DETROIT/PARIS (Reuters) - U.S. auto sales jumped by about 18 percent in January, led by gains for General Motors Co and Chrysler as the two Detroit automakers restructured by the government took share from rivals. | Full Article
CORRECTED: New Pfizer CEO slashes R&D to save forecast
February 01, 2011 04:13 PM ET
(Corrects that Pfizer bought Wyeth in late 2009, not last year, paragraph 8; error also occurred in previous updates) | Full Article
Manufacturing jumps in January, inflation rises
February 01, 2011 02:06 PM ET
NEW YORK (Reuters) - The U.S. manufacturing sector grew at its fastest pace in nearly seven years in January and signs of inflation jumped more than expected as the world's biggest economy gained traction. | Full Article
Payrolls seen up in January
February 01, 2011 03:52 PM ET
U.S. hiring probably gathered steam in January, marking a fourth straight month of gains, but likely not enough to prevent the jobless rate from ticking up. Nonfarm payrolls are expected to have increased by 145,000 jobs, but severe snow storms that blanketed large parts of the country during the survey period could result in a much lower figure. | Full Article
US TOP NEWS
Mubarak says will step down, won't leave Egypt
February 01, 2011 04:21 PM ET
CAIRO (Reuters) - Egyptian President Hosni Mubarak said on Tuesday he would not leave Egypt although he would step down from the presidency at the end of his term, due to end when the country holds a presidential election in September. "The Hosni Mubarak who speaks to you today is proud of his achievements over the years in serving Egypt and its people," he said in an address broadcast on state television. | Full Article
A million Egyptians clamor for Mubarak to go
February 01, 2011 04:26 PM ET
CAIRO (Reuters) - A million people, maybe more, rallied across Egypt on Tuesday, clamoring for President Hosni Mubarak to give up power and piling pressure on a leader who has towered over Middle East politics for 30 years to make way. | Full Article
Big winter storm slams Midwest
February 01, 2011 03:02 PM ET
CHICAGO (Reuters) - A colossal winter storm stretching from New Mexico to Maine hit the agricultural heartland of the United States with snow and freezing rain on Tuesday, and experts said the worst was still to come as it moved northeast. | Full Article
UPS profit tops estimates
February 01, 2011 02:11 PM ET
NEW YORK (Reuters) - United Parcel Service, the world's largest package delivery company, reported a quarterly profit that beat estimates and forecast record-high profits in 2011, sending its shares up more than 4 percent. | Full Article
U.S. envoy tells Mubarak to prepare for transition
February 01, 2011 03:46 PM ET
WASHINGTON (Reuters) - An envoy of President Barack Obama privately urged Egyptian President Hosni Mubarak on Tuesday to prepare for a transition of power, the closest the United States has come to urging Mubarak to step aside. | Full Article
HEALTH NEWS
U.S. health system not helping heart disease: CDC
Study finds way to predict when cancer will spread
New vaccine schedule ups kids' protection: experts
Risk of death higher with Avastin than chemo alone
Study challenges high rate of peanut allergies
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