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Wednesday, March 23, 2011

DAI: Materials lead Wall Street higher but turmoil remains

Reuters
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03/23/2011
News Good evening Pan
LATEST NEWS
Materials lead Wall Street higher but turmoil remains
NEW YORK (Reuters) - U.S. stocks advanced on Wednesday as materials shares rose, but rising commodities prices due to turmoil in the Middle East and North Africa could keep rallies modest. | Full Article
Goldman's Blankfein says ex-director broke rules
March 23, 2011 04:23 PM ET
NEW YORK (Reuters) - Goldman Sachs Group Inc chief Lloyd Blankfein told jurors at Raj Rajaratnam's insider trading trial that a former director at Wall Street's most powerful bank violated boardroom confidentiality in discussions with the accused hedge fund manager. | Full Article
New home sales plumb record lows, prices stumble
March 23, 2011 04:28 PM ET
WASHINGTON (Reuters) - Sales of new homes sank to a record low in February and prices were the weakest in just over seven years, underscoring the housing market's lingering malaise, which could slow the economic recovery. | Full Article
Bernanke says new rules benefit smaller banks
March 23, 2011 01:00 PM ET
SAN DIEGO (Reuters) - New financial regulatory reforms should help reduce the edge that large banks have over smaller ones because of their implicit support from government, Federal Reserve Chairman Ben Bernanke said on Wednesday. | Full Article
Fed tells Bank of America to rein in dividend plan
March 23, 2011 01:05 PM ET
CHARLOTTE, North Carolina (Reuters) - The Federal Reserve objected to Bank of America Corp's plans to boost the dividend and told the bank to revise its proposal, in a sign that regulators still view the lender as being weaker than its rivals. | Full Article
US TOP NEWS
Air strikes silence Gaddafi guns at besieged city
March 23, 2011 03:51 PM ET
TRIPOLI (Reuters) - Western warplanes silenced Muammar Gaddafi's artillery and tanks besieging the rebel-held town of Misrata on Wednesday after an American admiral warned that the Libyan leader's armor was now in the cross-hairs. | Full Article
Japan nuclear crisis still a serious concern
March 23, 2011 03:12 PM ET
TOKYO (Reuters) - Tokyo residents were warned not to give babies tap water because of radiation leaking from a nuclear plant crippled in the earthquake and tsunami that devastated northeast Japan in the world's costliest natural disaster. | Full Article
Bombing near Jerusalem bus stop kills woman, 30 hurt
March 23, 2011 03:39 PM ET
JERUSALEM (Reuters) - A bomb planted in a bag exploded near a bus stop in a Jewish district of Jerusalem on Wednesday, killing a woman and injuring at least 30 people, in an attack police blamed on Palestinian militants. | Full Article
Israel will act aggressively to preserve security: PM
March 23, 2011 02:55 PM ET
JERUSALEM (Reuters) - Israeli Prime Minister Benjamin Netanyahu said on Wednesday that Israel will act aggressively and responsibly to preserve quiet and security after violence with Palestinians escalated over the past week. | Full Article
Portugal government may collapse before EU summit
March 23, 2011 04:05 PM ET
LISBON (Reuters) - Portugal's parliament started a key debate on Wednesday on government austerity measures which opposition parties were expected to reject, setting the stage for the possible collapse of the minority Socialist administration a day before a European summit. | Full Article
HEALTH NEWS
Branded drug prices soar as generic pressure rises
Menthol cigarettes no more risky, study suggests
What's next for the healthcare law?
Arthritis drug could help beat deadly skin cancer
Genome study brings blood cancer into sharp focus
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