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Tuesday, March 8, 2011

DAI: Oil's pullback bolsters Wall Street

Reuters
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03/8/2011
News Good evening Pan
LATEST NEWS
Oil's pullback bolsters Wall Street
NEW YORK (Reuters) - An upbeat profit forecast from Bank of America and a pullback in oil prices lifted Wall Street out of the technical danger zone on Tuesday in another sign of the market's near-term resilience. | Full Article
Rajaratnam trial starts, judge questions jury pool
March 08, 2011 04:32 PM ET
NEW YORK (Reuters) - The criminal trial of hedge fund founder Raj Rajaratnam, at the center of the biggest U.S. insider trading probe in decades, began on Tuesday with the judge asking potential jurors whether they could be fair in deciding the case of a wealthy financial executive. | Full Article
Icahn to return all his clients' money
March 08, 2011 03:27 PM ET
BOSTON (Reuters) - Billionaire hedge-fund manager Carl Icahn is returning outside investors' capital, marking the end of an era as he joins a string of prominent stock pickers who no longer want the headaches of overseeing other people's money. | Full Article
Oil slips on OPEC output talk, eyeing Libya
March 08, 2011 04:15 PM ET
NEW YORK (Reuters) - Oil prices slipped on Tuesday, with Brent falling nearly 2 percent, after Kuwait's oil minister said OPEC was considering a production boost as war-torn Libya's output remained disrupted and the region's unrest fueled concerns about more supplies being cut off. | Full Article
BofA long-term profit forecast cheers investors
March 08, 2011 04:11 PM ET
NEW YORK (Reuters) - Bank of America Corp expects to get past large mortgage losses over the next few years and reach pretax profits of as much as $40 billion annually, its chief executive said. | Full Article
US TOP NEWS
Gaddafi forces strike back in west and east Libya
March 08, 2011 03:40 PM ET
TRIPOLI/RAS LANUF, Libya (Reuters) - Libyan government forces attacked rebels with rockets, tanks and warplanes on western and eastern fronts, intensifying their offensive to crush the revolt against Muammar Gaddafi. | Full Article
OPEC mulls boosting output, Iran sees no need
March 08, 2011 03:20 PM ET
KUWAIT/DUBAI (Reuters) - OPEC is in talks about boosting oil supplies, Kuwait's oil minister said on Tuesday, but many in the group remained skeptical, saying world supply is comfortable despite the loss of Libyan crude. | Full Article
House Republicans draft new stopgap spending bill
March 08, 2011 12:25 PM ET
WASHINGTON (Reuters) - Yet another U.S. budget stopgap spending bill was being crafted on Tuesday in the House of Representatives as the Senate bickered over when to vote on two longer-term measures that appeared sure to fail. | Full Article
Republican 2012 candidates have doubts to overcome
March 08, 2011 01:15 PM ET
WASHINGTON (Reuters) - Republican voters looking for their party's 2012 challenger to President Barack Obama will choose from a field that has as many perceived weaknesses as strengths. | Full Article
Madoff trustee: Lawsuits delay money for victims
March 08, 2011 03:50 PM ET
NEW YORK (Reuters) - The trustee seeking to recover money for investors victimized by Bernard Madoff's Ponzi scheme said he hopes to begin distributing money "in the near future," but that litigation is delaying his efforts. | Full Article
HEALTH NEWS
Researchers find U.S. "diabetes belt"
Women feel guilty about work-home intrusion: study
Scientists grow viable urethras from boys' cells
J&J Animas unit recalls leaky insulin cartridges
450,000 flee Ivory Coast conflict aid agencies say
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