Senate OKs jobs bill for Obama's signature
WASHINGTON (AP) -- Companies that hire unemployed workers will get a temporary payroll tax holiday under a bill that easily won congressional approval Wednesday in what Democrats hope is just the first of several election-year measures aimed at boosting hiring....
Stocks climb after Fed pledges to hold rates low
NEW YORK (AP) -- The Dow Jones industrial average has closed at a new 2010 high as investors grow more confident that interest rates will stay at their current low levels...
NC-based Cree example for green manufacturing jobs
DURHAM, N.C. (AP) -- Vice President Joe Biden was planning a visit to a North Carolina company enjoying rapid sales of its light-producing semiconductor chips the Obama administration is offering as an example of manufacturing job growth from energy-efficient products....
SEC boss: Agency examining companies
WASHINGTON (AP) -- The head of the Securities and Exchange Commission confirmed Wednesday the agency is investigating several companies' actions in the run-up to the financial crisis of 2008....
J&J CEO Weldon gets 11 pct 2009 raise, to $25.6M
TRENTON, N.J. and (AP) -- The chief executive of Johnson & Johnson got an 11 percent increase in compensation in 2009, according to Associated Press calculations, while the health giant cut thousands of jobs and saw its annual revenue decline for the first time since the Depression....
General Electric, DSW, Intel are big movers
NEW YORK (AP) -- Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market:...
Kraft to cut salt in its North American foods
PORTLAND, Ore. (AP) -- Kraft Foods Inc. said Wednesday that it will cut the salt in its products that are sold in North America by an average of 10 percent over the next two years to appeal to health-conscious consumers....
Rep. Kucinich switches to 'yes' on health care
WASHINGTON (AP) -- President Barack Obama's much-challenged health care overhaul gained traction Wednesday as a liberal lawmaker became the first to switch his opposition and Catholic nuns declared their support in an unusual public break with the bishops....
United Airlines sees higher 1Q passenger revenue
NEW YORK (AP) -- United Airlines said Wednesday it expects a key revenue metric to rise 16 to 17 percent in the first quarter from a year ago....
Summary Box: Fed boss wants to retain bank duties
MAKING THE CASE: Federal Reserve Chairman Ben Bernanke urged Congress to let the Fed keep all of its banking supervision. He argued that information gleaned from that process helps the Fed guide the economy....
Report: Overhaul doesn't reduce tax credits enough
DES MOINES, Iowa (AP) -- Lawmakers' efforts to overhaul the state's complex system of tax credits falls short of the money-saving goals set by Gov. Chet Culver, according to a new report from a liberal think tank....
Oil nears $83 as crude supplies grow
NEW YORK (AP) -- Oil prices settled near $83 a barrel Wednesday after crude inventories grew less than expected last week, and the stock market rose on the Fed's promise to keep interest rates at record lows....
Interest rates barely move in bond market
CHARLOTTE, N.C. (AP) -- Interest rates barely moved in the bond market Wednesday after the U.S. and Japanese central banks reaffirmed plans to keep interest rates low....
Fed boss makes case to keep all banking duties
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke urged Congress Wednesday to let the Fed keep all of its banking oversight, arguing that information gleaned from that process helps the central bank guide the economy....
UAW votes on agreement to shut down Calif. plant
FREMONT, Calif. (AP) -- The United Auto Workers says employees at California's sole remaining auto plant will likely ratify an agreement to shut down the facility....
Greece may turn to IMF if EU fails to deliver
ATHENS, Greece (AP) -- Greece could seek IMF funding to help overcome its debt crisis, if its EU partners do not provide "clear support" next week, government officials said Wednesday....
Ford Motor Co. shares hit five-year high
DETROIT (AP) -- Shares of Ford Motor Co. surged to a five-year high Wednesday after a ratings agency upgraded the automaker's debt and said Ford has the potential to improve its finances even further....
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