Alcoa, Liz Claiborne, NCR, PepsiCo, Marriott, Monster are among big market movers ThursdayNEW YORK — The following stocks were among those that moved substantially or traded heavily Thursday on the New York Stock Exchange: NC-based Cree plans to add 575 more jobs by 2013 as demand for efficient lighting expandsDURHAM, N.C. — A North Carolina-based maker of energy-efficient lighting elements is expanding and plans to add 575 jobs in the next three years. Monsanto is a focus of Justice Department antitrust investigation of US seed industryST. LOUIS — The Justice Department is investigating whether Monsanto Co. violated antitrust rules in trying to expand its dominance of the market for genetically engineered crops. Gold prices soar to fresh high of $1,062 as dollar falls; Other commodities also rallyNEW YORK — Gold continued its record-setting climb Thursday, rallying to a fresh high as the dollar weakened. Government employees on tiny Caribbean isle of Saba to get 6 years’ worth of back payTHE BOTTOM, Saba — Government workers on the tiny Dutch Caribbean island of Saba are scheduled to receive more than half a million dollars in back wages dating from 2003. Banks reduce borrowing from Federal Reserve’s emergency loan programs over past weekWASHINGTON — Banks reduced their borrowing from the Federal Reserve’s emergency lending facility over the past week, and cut back their use of other programs designed to ease the financial crisis. Senate sends Obama agriculture spending bill boosting aid to dairy farmers, food stamp programWASHINGTON — Dairy farmers suffering from low milk prices would benefit from $350 million in emergency funding approved by the Senate on Thursday as it cleared a $121 billion agriculture spending bill for President Barack Obama’s signature. Stocks resume climb after upbeat retail sales and surprising profit from AlcoaNEW YORK — The stock market resumed its rally after getting encouraging readings on two of the best gauges of the economy’s health: consumer spending and corporate profits. Wall Street cadre has Geithner on speed dial: When these men call, Treasury boss answersWASHINGTON — As the federal government propped up the housing market and braced for the collapse of General Motors this spring, Treasury Secretary Timothy Geithner capped a busy week with phone conversations with three men. Meltdown 101: What is a short sale, and how does it help lenders _ and struggling homeowners?NEW YORK — For a homeowner who needs to sell but has a mortgage balance higher than the property value, one option is something called a “short sale.” House ethics committee expands investigation of House Ways and Means Chairman Charles RangelWASHINGTON — The House ethics committee on Thursday expanded its investigation of Rep. Charles Rangel to include his belated financial disclosure of hundreds of thousands of dollars in previously unreported assets and income. Lawmakers reject higher wages, limit on foreign workers for Guam Marine base buildupWASHINGTON — Two proposals that would have increased the cost of the U.S. military’s expansion in Guam by $10.2 billion were rejected Thursday as part of a compromise defense bill passed by the House. Senate Democrats agree on extending unemployment benefits to workers in every stateWASHINGTON — Senate Democrats said Thursday they have reached a deal to extend unemployment insurance benefits to the nearly 2 million jobless workers across the country who are in danger of running out of assistance by the end of the year. Marriott’s Sorenson says low room rates nearing an inflection point, will climb againMarriott International Inc., like many of its competitors in the world’s hotel industry, have dramatically slashed rates to entice guests to stay at their facilities. Executives figure it’s better to sell a room at a small profit, than not sell one at all. AP Interview: White House expands campaign for passage of global warming billWASHINGTON — President Barack Obama’s so-called green team has undergone a growth spurt. House approves defense policy bill despite vague Obama veto threat over F-35 programWASHINGTON — Despite a vague veto threat by President Barack Obama, the House on Thursday easily passed a major defense policy bill that calls for continued development of a costly alternative engine for the Pentagon’s next-generation fighter jet. Amid the wreckage of the financial crisis, building blocks for the next bubble are with usNEW YORK — The next financial bubble could come sooner than you think. FTC calls early end to waiting period before GenTek sale to American Securities, Gentek saysPARSIPPANY, N.J. — GenTek Inc., which provides chemical products and engine components, said Thursday that regulators completed a review of GenTek’s sale to a subsidiary of American Securities LLC. House approves defense policy bill despite vague Obama veto threat over F-35sWASHINGTON — The House has voted to continue building a costly alternative engine for the Pentagon’s next generation fighter jet. The vote came despite a vaguely worded veto threat from President Barack Obama. House votes to extend hate crimes to cover attacks based on sexual orientation, genderWASHINGTON — The House has voted to significantly expand four-decades-old hate crimes law to protect those attacked because of their sexual orientation. AP NewsBreak: Congress to look into blocked suspensions of Vikings playersWASHINGTON — The House Energy and Commerce Committee plans to conduct a hearing next month on the case of two professional football players whose suspensions were blocked by a federal appeals court. High-resolution commercial Earth imaging satellite launched from CaliforniaVANDENBERG AIR FORCE BASE, Calif. — A high-resolution commercial Earth-imaging satellite was launched into polar orbit Thursday. House set to approve defense policy bill despite vague Obama veto threat over F-35 programWASHINGTON — Despite a vaguely worded veto threat by President Barack Obama, the House was expected Thursday to easily adopt a major defense policy bill that calls for continued development of a costly alternative engine for the Pentagon’s next generation fighter jet. Oil rises above $71 despite massive petroleum surpluses as the dollar gets weakerNEW YORK — Energy prices climbed Thursday despite massive petroleum surpluses, as the dollar weakened and equities markets rose. Liz Claiborne signs 10-year deal to sell some brands only at JC Penney, Mizrahi line on QVCNEW YORK — Clothing maker Liz Claiborne Inc. said Thursday it will help reverse its fortune by moving its namesake line to J.C. Penny Co. from Macy’s Inc. and other stores and taking the line designed by Isaac Mizrahi to the TV shopping channel QVC. 7 things to think about when contemplating an office romanceIf you’re looking for love at work, you might want to consider how an office romance can affect your career and whether it’s worth the risk to go there. Schwarzenegger threatens to veto ‘a lot’ of bills unless Calif. lawmakers reach water dealSACRAMENTO, Calif. — Gov. Arnold Schwarzenegger said Thursday he will veto hundreds of bills unless lawmakers agree on a comprehensive fix for the state’s aging water system. Congress voting to extend hate crime laws to cover attacks based on sexual orientationWASHINGTON — Assaulting people because of their sexual orientation would become a federal hate crime in legislation the House is set to vote on Thursday. The bill would significantly expand the hate crimes law enacted in the days after Martin Luther King Jr.’s assassination in 1968. Rep. Frank: Banks aren’t playing nice, Congress should enact credit card bill earlierWASHINGTON — Rep. Barney Frank, the tough-talking liberal ushering through a major rewrite of rules governing Wall Street, sounded a warning shot on Thursday to big banks: Start playing nice or Congress will make your life even more difficult. Congress voting to extend hate crimes to cover attacks based on sexual orientationWASHINGTON — Assaulting people because of their sexual orientation would become a federal hate crime in legislation the House is set to vote on Thursday. The bill would significantly expand the hate crimes law enacted in the days after Martin Luther King Jr.’s assassination in 1968. |
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