Market Info & News
Slowly, Americans are regaining their lost wealth (AP)
Americans are recovering their shrunken wealth -- gradually. Household net worth rose last quarter, mainly because the healing economy boosted stock portfolios. But the gain was slight.
Protests mar groundbreaking for NJ Nets' NYC arena (AP)
Officials broke ground Thursday on a much-delayed 22-acre development project that will bring the NBA's New Jersey Nets to Brooklyn.
Export growth likely to remain bright spot for US (AP)
U.S. exports dipped in January, the government said Thursday, but economists weren't fazed. They predict export growth will be a bright spot for American manufacturers through the rest of 2010.
BP to pay $7 billion for Devon exploration rights (AP)
BP is expanding its dominant oil and gas operations in the Gulf of Mexico and dropping anchor off Brazil with a $7 billion deal to buy exploration rights from Devon Energy.
Stocks climb for 3rd day as financial shares rise (AP)
A rally in financial stocks Thursday helped the market extend its grind higher to a third day. The Standard & Poor's 500 index cleared an important hurdle watched by traders when it closed just above its January peak to set a new 17-month high.
Citigroup CEO says bank on path to profitability (AP)
Citigroup Inc. says it's heading back toward sustained profitability after two years that saw the bank lose billions of dollars and be bailed out by the government.
Gov't may seek more authority on vehicle safety (AP)
Government vehicle safety regulators may seek greater authority to investigate defects in cars and trucks and are weighing a range of new safety requirements in response to Toyota's recall of more than 8 million vehicles over brake and acceleration problems.
Feds pledge tough review of Comcast-NBC deal (AP)
Federal regulators are pledging rigorous reviews of Comcast Corp.'s proposed purchase of NBC Universal to ensure that it would not stifle competition or harm consumers.
Greece hit by strikes, clashes over austerity plan (AP)
Clashes between riot police and rock-throwing, masked youths broke out during a demonstration Thursday in central Athens by tens of thousands of striking workers protesting austerity measures that the Greek government has said it has no choice but to implement.