World News Center
U.S. slips in WEF's competitiveness rankings (Reuters)
September 9, 2010Reuters - Switzerland remains the world's most competitive economy, while the United States has fallen from second to fourth, according to the World Economic Forum.
Wall Street climbs in low-volume session (Reuters)
September 9, 2010
Reuters - Stocks rose on Wednesday as investors latched onto positive news out of Europe in the latest in a string of low-volume sessions suggesting little confidence in market direction.
Obama: U.S. can't afford to extend tax cuts for rich (Reuters)
September 9, 2010
Reuters - President Barack Obama, fighting to keep Democrats in charge of Congress, said on Wednesday the United States could not afford to extend Bush-era tax cuts for the rich and accused Republicans of being fiscally irresponsible.
BP points fingers in oil spill blame game (Reuters)
September 9, 2010Reuters - BP Plc and its Gulf of Mexico oil well partners traded blame on Wednesday after an internal BP investigation tried to downplay the company's role in the world's biggest offshore spill.
Lloyds set to sell Crest Nicholson stake: report (Reuters)
September 9, 2010Reuters - Lloyds Banking Group is to sell its stake in bank-owned housebuilder Crest Nicholson for 150 million pounds ($232 million), the Financial Times said on Thursday.
Wall Street up as fears for European economy ease (AFP)
September 9, 2010
AFP - US stocks were slightly up on Wednesday after news of a successful Portuguese debt auction eased the previous day's concerns about the European economy.
Fed sees 'widespread' signs US economy is slowing (AFP)
September 9, 2010
AFP - The US economic recovery is showing "widespread" signs of slowing, the US Federal Reserve warned Wednesday, as it gears up for a key policy meeting later this month.
Spartech posts fiscal 3Q loss, misses expectations (AP)
September 9, 2010AP - Plastic sheet and packaging maker Spartech Corp. reported a net loss for its fiscal third quarter on Wednesday and said that despite higher revenue, the overall market recover is slower than expected.
Summary Box: Ireland to split Anglo Irish Bank (AP)
September 9, 2010AP - SPLIT: Ireland plans to split its most troubled financial institution, Anglo Irish Bank, into a "good" deposit bank and a "bad" toxic-debt bank. The move comes as the nation seeks to reassure international lenders that it is dealing with the Irish debt crisis.
FDIC's Bair warns of government "exposure" in mortgages (Reuters)
September 9, 2010Reuters - A key U.S. banking regulator raised concern on Wednesday about the risk of "exposure" the government is taking on in the mortgage market and urged more stringent standards for underwriting mortgages.
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