Pelosi, Reid meet Obama at White House to review new job creation optionsWASHINGTON — Faced with a stinging rise in unemployment, President Barack Obama summoned Congress’ top two Democrats Wednesday to the White House to discuss additional proposals to help the jobless and boost the economy. Nutrition, food stamp, dairy programs among winners in spending billWASHINGTON — Nutrition, food stamp and dairy aid programs were among the winners as the House on Wednesday approved a $121 billion agriculture spending bill for the 2010 budget year. Boost for health care bill: Now estimated to cover 94 percent of US, cost $829 billionWASHINGTON — Democrats are breathing a sigh of relief after a positive cost report on health care overhaul gave them a chance to rally around a Senate plan that significantly expands coverage while trimming the federal deficit. Yum Brands, Monsanto, Family Dollar, Costco, Google are among big market movers WednesdayNEW YORK — The following stocks were among those that moved substantially or traded heavily Wednesday on the New York Stock Exchange: CBO: Budget deficit hit record $1.4T in 2009 thanks to recession-fed drop in revenue, bailoutsWASHINGTON — The federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week, congressional analysts said Wednesday. Gold prices gain momentum, hit new high even as dollar rebounds; Oil falls, while grains riseNEW YORK — Gold prices extended their rally Wednesday, climbing to fresh highs even as the dollar recouped some of its losses. Marriott International to release third quarter results, record $760 million chargeCHICAGO — Marriott International Inc. reports results for its fiscal third quarter on Thursday. The following is a summary of key developments and analyst opinion related to the period. Midwest governors see room, need for cooperation on clean energy efforts despite competitionDETROIT — Governors from across the Midwest are working together to promote clean energy industry and infrastructure in the region despite heated competition between their states for new investment and jobs. Media6Degrees hires former Google executive Tom Phillips to be its CEOPHILADELPHIA — Media6Degrees said Wednesday that it has hired a former Google Inc. executive to serve as its chief executive. Alcoa posts surprise 3rd-quarter profit of $77M; forecasts higher global aluminum demandPITTSBURGH — Painful cost-cutting and rising sales to automakers helped the nation’s largest aluminum producer return to profitability for the first time in nine months. Executives, unions closer to sealing deal on sale of Chicago Sun-TimesCHICAGO — A major roadblock in a deal to sell the Chicago Sun-Times could be removed soon. CBO: Budget deficit hit record $1.4B in 2009 thanks to recession-fed drop in revenue, bailoutsWASHINGTON — Congressional analysts say the federal budget deficit tripled to a record $1.4 trillion for the 2009 fiscal year that ended last week. Judge dismisses WaMu employees’ lawsuit against JPMorgan Chase over retirement account lossesSEATTLE — An attempt by former Washington Mutual Inc. employees to recoup their retirement account losses from JPMorgan Chase & Co., part of a complex tangle of litigation stemming from WaMu’s collapse last year, has been dismissed. Kroger CEO Dillon still expects union accord in Colorado after latest contract rejectionCINCINNATI — The Kroger Co.’s chief executive says he remains confident of working out a settlement with grocery workers in Colorado. Executives urge senators to pass climate bill, argue it will spur new energy technologiesWASHINGTON — Executives from about 150 companies, many involved in renewable energy technologies, heard a pep talk at the White House and then combed the halls of Congress on Wednesday to argue for passage of a climate bill that is facing an uphill fight in the Senate. Mine Safety and Health Administration issues safety, health warnings to 10 US minesCHARLESTON, W.Va. — The operators of 10 U.S. mines, including the largest private-sector coal company in the world, have been warned they must improve health and safety conditions or face stricter enforcement and penalties, the federal Mine Safety and Health Administration said Wednesday. Correction: General Dynamics contract storyFAIRFAX, Va. — In an Oct. 6 story about a $140 million contract awarded to a unit of General Dynamics Corp. by the U.S. Coast Guard, The Associated Press erroneously identified the unit as General Dynamics Advanced Information Systems. The unit that received the contract is General Dynamics Information Technology. Beer maker sells Seaworld, Busch Gardens to Blackstone private equity for $2.3B-plusShamu, meet your new parents. Anheuser-Busch InBev said Wednesday it will sell its 10 theme parks across the country, including the three SeaWorlds and two Busch Gardens, to private equity firm Blackstone Group for at least $2.3 billion. Argentine astronomer calculated orbits of Halley’s Comet and Saturn’s outermost moonBUENOS AIRES, Argentina — Pedro Elias Zadunaisky, an Argentine astronomer and mathematician whose calculations helped determine the orbit of Saturn’s outermost moon, Phoebe, as well as Halley’s Comet, died Wednesday. He was 91. Wendy’s/Arby’s hires Andy Skehan as International senior vice presidentATLANTA — Wendy’s/Arby’s Group Inc. said Wednesday it hired former Quizno’s executive Andy Skehan as its vice senior vice president of its international unit. Dollar edges higher against major currencies ahead of ECB, BoE interest rate decisionsNEW YORK — The dollar edged higher against major currencies Wednesday as investors looked ahead to upcoming European Central Bank and Bank of England interest rate decisions on Thursday. Outside consulting firm gives Citigroup management overall good review, WSJ saysNEW YORK — An independent consulting firm has given Citigroup Inc.’s management team a good review, but the embattled bank could see more changes among its top ranks, The Wall Street Journal reported Wednesday. Obama to visit 4 Asian countries next month, but visit to Indonesia will come laterWASHINGTON — President Barack Obama’s first Asian trip as president will include Japan, Singapore, China and South Korea, but not Indonesia, where he spent four years of his life. CBO says health Care bill to expand coverage to 94 percent at 10-year cost of $829 billionWASHINGTON — Health care legislation drafted by a key Senate committee would expand coverage to 94 percent of all eligible Americans at a 10-year cost of $829 billion, congressional budget experts said Wednesday, a preliminary estimate likely to power the measure past a major hurdle within days. Costco Wholesale CFO Richard Gallanti talks about competition and deflationAs consumers have limited their spending, retailers have become increasingly competitive to lure them into their stores — typically focusing on value to draw the cost-conscious. At the same time, retailers are seeing prices drop on some items as manufactures adjust to lower demand, lower input prices and other factors. CBO: health Care bill expands coverage to 94 percent of eligible coverageWASHINGTON — Health care legislation drafted by a key Senate committee would expand coverage to 94 percent of all eligible Americans at a 10-year cost of $829 billion, congressional budget experts said Wednesday, a preliminary estimate likely to power the measure past a major hurdle within days. Senate health care bill estimated to cost $829 billion, cover 94 percent of AmericansWASHINGTON — Health care legislation drafted by a key Senate committee would expand coverage to 94 percent of the eligible population at a 10-year cost of $829 billion, congressional budget experts said Wednesday in a preliminary estimate. Alcoa reports surprise 3rd-quarter profit of $77M, forecasts higher global aluminum demandPITTSBURGH — Alcoa Inc., the largest U.S. aluminum producer, on Wednesday said it returned to profitability after three consecutive quarterly losses, helped by cost-cutting and rising orders from automakers and other big manufacturers. Morale boost: Small business owners try talking, paying, partying to lift employee spiritsNEW YORK — As Bart Cleveland talks to employees of his ad agency, he sees the strain. Stocks finish mixed after 2 days of gains as investors wait for Alcoa; Dollar reboundsNEW YORK — After two big days, it was time for the stock market to take a break. |
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