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Dow hits 17-month high on energy, financials

Wed, 17 Mar 2010 17:11:18 -0400
NEW YORK (Reuters) - Stocks gained on Wednesday, pushing the Dow to a 17-month high, after a benign February inflation reading supported the Federal Reserve's renewed pledge of low interest rates.



Bernanke defends Fed small bank supervision role

Wed, 17 Mar 2010 19:55:27 -0400
WASHINGTON (Reuters) - Top central bankers present and past on Wednesday joined forces against a plan to strip the Fed of its oversight of smaller banks, saying the knowledge it gains from that role is vital to monetary policy.



Toyota faces racketeering claims in consumer suits

Wed, 17 Mar 2010 19:38:55 -0400
LOS ANGELES (Reuters) - Lawyers seeking civil damages against Toyota Motor Corp on behalf of U.S. consumers for diminished resale value of recalled vehicles are broadening their cases to add racketeering claims against the automaker.



Nike beats Street view, shares sprint higher

Wed, 17 Mar 2010 19:18:42 -0400
SAN FRANCISCO (Reuters) - Nike Inc posted a return to sales and profit growth on Wednesday and forecast higher expected orders around the world after a year of declines, sending its shares up more than 3 percent.



SEC says Lehman report will be helpful

Wed, 17 Mar 2010 14:23:12 -0400
WASHINGTON (Reuters) - A Lehman Brothers bankruptcy examiner's report will help securities regulators in their investigation of large financial firms involved in the Wall Street meltdown, a top regulator said on Wednesday.



Sprint to support Google's Nexus One smartphone

Wed, 17 Mar 2010 18:47:42 -0400
SAN FRANCISCO (Reuters) - Google Inc's Nexus One smartphone will soon be available to subscribers of Sprint Nextel Corp, the second U.S. wireless service provider to announce an agreement to support the touchscreen phone.



Producer prices fall on lower energy costs

Wed, 17 Mar 2010 16:35:21 -0400
WASHINGTON (Reuters) - U.S. producer prices in February posted their biggest fall in seven months as energy costs tumbled, validating the Federal Reserve's decision to hold interest rates very low on evidence of tame inflation.



Apple board member York hospitalized: source

Wed, 17 Mar 2010 19:50:30 -0400
SAN FRANCISCO (Reuters) - Apple Inc board member Jerry York was hospitalized on Wednesday near his home in Detroit after suffering a collapse, a person familiar with the matter said.



Comerica repays TARP; Hartford sells rdaddphp.95 bln stock

Wed, 17 Mar 2010 20:38:01 -0400
NEW YORK (Reuters) - Regional bank Comerica Inc on Wednesday said it has repaid file=reuters.php.25 billion of federal bailout money, while Hartford Financial Services Group Inc said it sold rdaddphp.95 billion of stock to help repay .4 billion of its bailout funds.



Lehman receives OK to delay disclosure statement

Wed, 17 Mar 2010 16:05:09 -0400
NEW YORK (Reuters) - A bankruptcy judge said on Wednesday Lehman Brothers Holdings Inc could delay until mid-April filing a detailed disclosure statement for its proposed plan to end its bankruptcy.







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