NewsFarm - Economy

Productivity Is Less Than Estimated, and Pay Is Higher

Revised numbers show a jump in wages and lower productivity, two potentially troubling signs as the Fed considers interest rates.

Chief Sees Difficulties in Splitting Off Chrysler Brands

Dieter Zetsche, DaimlerChrysler?s chief executive, said it would be difficult to separate and sell single brands.

Airbus workers in France strike

Thousands of Airbus employees took to the streets Tuesday to protest a radical restructuring of the troubled European plane maker.

Turtles may fall victim to Australian gas project

The delicate ecosystem of Barrow Island near the Australian coast is under threat from a multibillion-dollar natural gas project spearheaded by Chevron.

Wal-Mart shipping Web orders to stores for free

CHICAGO (Reuters) - Wal-Mart Stores Inc. said on Tuesday that it is offering free shipping on thousands of items purchased on its Web site for pick-up in more than 750 of its U.S. stores.

Wall Street rebounds as financials soar

NEW YORK (Reuters) - Stocks soared on Tuesday and were set to end a three-day losing streak as nearly a week of steep declines made shares' valuations look enticing to buyers.

Another Contact Lens Solution Recalled

Bausch & Lomb, already humbled by a recall of its ReNu with MoistureLoc contact lens solution, said it is recalling about 1.5 million bottles of ReNu MultiPlus because trace amounts of iron could cause the cleaner to lose effectiveness.

Wall Street rises sharply on weaker yen (FT.com)

FT.com - Wall Street stocks rose sharply on Tuesday morning as a rebound in overseas equities and a weaker yen lifted US investors' spirits.

Nasdaq up as stocks extend gains (Reuters)

Reuters - U.S. stocks rallied on Tuesday, and were on track to end a three-day losing streak as nearly a week of steep declines sparked buying interest among investors.

Wall Street surges after rebound in Asia

Wall Street surged Tuesday, as investors were encouraged by a recovery on world markets and moved to recoup some of the big losses suffered in last week?s sharp pullback.

Stocks Recover Some Ground

Stocks rebounded after solid gains in overseas markets, despite economic data that posed a fresh threat to the market. The Dow industrials rose 148 points to 12199.

Bernanke Warns on Fannie, Freddie

Bernanke declared mortgage giants Fannie Mae and Freddie Mac should be restricted to holding home loans that back affordable housing "almost exclusively." (Full speech)

Bernanke Warns on Fannie, Freddie

Bernanke declared mortgage giants Fannie Mae and Freddie Mac should be restricted to holding home loans that back affordable housing "almost exclusively." (Full speech)

Suicide Attacks Kill Scores of Shiite Pilgrims

Iraqi police said at least 93 people were killed in a coordinated suicide attack on Shiite pilgrims in Hillah. The Parliament failed to reconvene because too few members showed up after the month's recess. (Complete coverage)

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