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. 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. 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. 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. 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. 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. 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. 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. 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. California Realtors see dip in home sales next year, but rising pricesLOS ANGELES — Home sales in California are expected to dip next year, bucking the national trend, as unemployment and the loss of a tax incentive for homebuyers weigh on the country’s largest housing market, a forecast Wednesday showed. Homeowners rush to refinance mortgages after interest rates fall below 5 percent againEvery dollar counts in this economy. Banco Santander, Verisk attract $10 billion through IPOs as market shows more signs of thawNEW YORK — There is growing evidence that the market for initial public offerings is rebounding after essentially disappearing at the height of the credit crisis as two new issues raised a combined $10 billion Wednesday. Oil prices fall below $70 a barrel as traders focus on weak US demandNEW YORK — Oil prices fell Wednesday as traders shrugged off an unexpected drop in crude supplies and focused instead on government data that showed Americans still have little appetite for more petroleum. Senate approves apology to American Indians for history of violence against tribesWASHINGTON — The Senate has approved a resolution apologizing to American Indians for years of “ill-conceived policies” and acts of violence by U.S. citizens. Signs of hard times for shoppers: fixation on bargains at Family Dollar; Pizza Hut strugglesNEW YORK — People aren’t just shopping more at Family Dollar. They’re buying the cheapest stuff on its racks. Even Pizza Hut’s sales are slowing as consumers seek fast-food bargains. Consumers reduce their outstanding debt by $12 billion in August, 7th straight dropWASHINGTON — Consumers reduced their borrowing for the seventh straight month in August, as households worked to pay off debt and banks reduced credit card limits. Bargaining begins in earnest for control of 3 Trump casinos in Atlantic CityCAMDEN, N.J. — Both sides in the battle to buy Trump Entertainment Resorts and its three Atlantic City casinos out of bankruptcy are digging deeper in their pockets to try to make it happen. Hinchey: Internal Navy document shows new presidential helicopter triples cost, slows deliveryWASHINGTON — An internal Navy document shows new plans to replace the president’s fleet of helicopters will cost taxpayers more and take years longer to deliver than a recently scrapped contract, a New York Democrat said Wednesday. Over GOP objections, House-Senate panel offers plan for allowing trials for Gitmo detaineesWASHINGTON — In a partial victory for President Obama’s troubled bid to close the U.S. prison in Guantanamo Bay, Cuba, key congressional negotiators adopted a plan Wednesday to permit terror suspects held there to continue to be transferred into the United States to face trial. Quieter than health overhaul foes, grass-roots supporters are working hard, Obama camp saysNEW YORK — Fired up? Ready to go? You might not know it from the way President Barack Obama’s grass-roots supporters have been largely drowned out in the raucous debate over his health care plan. Global economic crisis accelerates China’s ascent, but what role will it play?BEIJING — The auto-parts maker Delphi Corp. is headquartered in Troy, Mich., in the heart of the region that made the United States the car capital of the world. It’s a place where the phrase “buy American” is right at home. Regulators warn 10 mining companies about potential health, safety violationsWASHINGTON — Federal safety regulators on Wednesday warned 10 mining companies that their operations have a potential pattern of health or safety violations. Brewer Anheuser-Busch InBev sell SeaWorld, Busch theme parks to Blackstone for at least $2.3BAnheuser-Busch InBev said Wednesday it will sell its theme parks, including the three SeaWorlds and two Busch Gardens across the country, to private equity firm Blackstone Group for at least $2.3 billion. Anheuser-Busch InBev raises $2.7 billion from selling theme parks to Blackstone GroupBRUSSELS — Anheuser-Busch InBev says it will sell its U.S. theme parks to the Blackstone Group for $2.7 billion. Divided Senate panel approves labor nominee despite GOP concerns about inaccurate testimonyWASHINGTON — A sharply divided Senate panel on Wednesday approved New York state’s labor commissioner for the No. 3 post at the Labor Department, despite GOP claims that she gave lawmakers inaccurate testimony. |
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