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. 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 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. 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. 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. PepsiCo tweaks discount timing to keep consumers spending, sees price as key for long termMILWAUKEE — Bearing in mind that consumers will remain focused on low prices even when the recession ends, soft drink and snack maker PepsiCo Inc. said Thursday that it’s creating new products at lower prices and plans to continue offering discounts in its Frito-Lay and beverage businesses. Airlines Third-Quarter Earnings ForecastsHere are the consensus forecasts of analysts for third-quarter earnings or loss per share and revenue for the nation’s nine largest airline companies, according to Thomson Reuters as of Thursday morning. Figures from third quarter of 2008 are in parentheses. Major US carriers expected to post 3Q losses, as traffic picks up and bankruptcy fears ebbDALLAS — There isn’t much suspense around the upcoming third-quarter earnings reports from U.S. airlines — most big carriers likely finished in the red — but a recent uptick in travel may indicate a recovery is about to take off. AP Source: GM close to signing deal to sell Hummer brand to Chinese manufacturerDETROIT — General Motors Co. is poised to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon, a person briefed on the deal said. Judge approves Sun-Times sale, unions expected to approve contract changesWILMINGTON, Del. — A Delaware bankruptcy judge on Thursday approved the sale of the Chicago Sun-Times and other newspapers owned by its parent company to a group led by Chicago businessman Jim Tyree. Cuomo seeks law to curb political influence in NY pension fund investment decisionsALBANY, N.Y. — Attorney General Andrew Cuomo proposed Thursday replacing the elected state comptroller as the sole trustee of New York’s $116 billion public employee pension fund, which serves 1 million members and pays out $7 billion a year. Carter’s shares rise after Sterne Agee upgrades, sees further gains in shares to comeNEW YORK — After rising nearly 38 percent so far this year, Carter’s Inc. shares may gain another 25 percent in the next 12 months, said a Sterne Agee analyst, upgrading the maker of infant and children’s clothes. Freddie Mac: Rates on 30-year fixed mortgages stay below 5 percent for 2nd-straight weekMcLEAN, Va. — Average rates for 30-year home loans stayed below 5 percent for the second-straight week, kick-starting refinancing activity, Freddie Mac said Thursday. Stocks climb after upbeat retail sales, better jobs data and surprising profit from AlcoaNEW YORK — Stocks resumed their climb as investors got upbeat readings on two of the best gauges of the economy’s health: consumer spending and corporate profits. Climactic Senate Finance committee vote set for Tuesday on 10-year, $829B health care billWASHINGTON — The Senate’s top Democrat on Thursday accused Republicans of a strategy of “distortion, distractions and deception” on health care as he announced a pivotal committee will vote next week on a comprehensive bill. Republicans said the legislation still costs too much and expands the reach of government. Oil above $70 despite massive petroleum surpluses as dollar gets weakerNEW YORK — Energy prices climbed higher Thursday despite massive petroleum surpluses as the dollar got weaker and equities markets rose. Analysts increase 2010 estimates, shares rise after Alcoa posts third-quarter profitHARTFORD, Conn. — Shares of Alcoa Inc. rose Thursday, a day after the aluminum maker surprised Wall Street with a third-quarter profit and an optimistic forecast for worldwide aluminum demand. Rep. Frank: Banks aren’t playing nice, Congress should move up enactment of credit card billWASHINGTON — 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. Agriculture futures gain on Chicago BOT; Livestock prices mixed on the Merc ExchangeCHICAGO — Agriculture futures rose Thursday on the Chicago Board of Trade. Dollar stays weak after ECB holds rates steady; in US, retailers, jobs data boosts marketsNEW YORK — The dollar remained lower versus the euro after the European Central Bank and Bank of England left interest rates unchanged Thursday. European Central Bank, Bank of England leave key interest rates unchanged at record lowsFRANKFURT — The European Central Bank on Thursday left its key interest rate unchanged at a record low of 1 percent and indicated it wouldn’t raise it in the near future — even as bank president Jean-Claude Trichet said the worst of the recession has passed. Wholesale inventories drop for 12th straight month in Aug.; sales rise by most since June 2008WASHINGTON — Businesses reduced inventories at the wholesale level for a record 12th consecutive month in August, often evidence that companies are trimming orders to factories, which helped depress economic output during the recession. But in an encouraging sign, sales at the wholesale level jumped by the largest amount in 14 months. Retail recovery at hand? Stores report September sales gain, breaking 13-month losing streakNEW YORK — The nation’s stores saw their first sales gain in 14 months in September, a sign of life from shoppers that fuels some hope for the holiday shopping season. Climactic Senate Finance committeevote scheduled Tuesday on 10-year, $829B health care billWASHINGTON — The top Senate Democrat says the final committee vote on health care legislation will take place next week. Stocks open higher after surprising profit report from Alcoa, better jobless claims numbersNEW YORK — Stocks have resumed their climb after Alcoa kicked off earnings season with an unexpected profit and the government reported a drop in initial claims for jobless benefits. Stocks open higher after surprising profit from Alcoa, drop in initial jobless claimsNEW YORK — Stocks are higher after Alcoa kicked off earnings season with an unexpected profit and initial claims for jobless benefits fell more than expected. |
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