Stocks advance as oil hits high for the year, Home Depot issues upbeat earnings forecastNEW YORK — Stocks are higher as rising oil prices lift commodity stocks. Stocks slip ahead of decision on which banks can repay bailout funds; European markets dropNEW YORK — Investors are turning away from stocks ahead of the latest government report card on banks. Geithner meeting with Chinese comes at a vulnerable time for US and global economiesWASHINGTON — Timothy Geithner’s first trip to China as treasury secretary comes at a vulnerable time for the Obama administration. Geithner meeting with Chinese comes at a vulnerable time for US and global economiesWASHINGTON — Timothy Geithner’s first trip to China as treasury secretary comes at a vulnerable time for the Obama administration. MGM Mirage taps Kerkorian to buy new shares and puts up Bellagio, Mirage to raise $2.5B in allLAS VEGAS — Casino operator MGM Mirage said Wednesday that it would tap its majority shareholder, billionaire Kirk Kerkorian, and use two of its most famous resorts as collateral to help raise $2.5 billion in capital as it fights to save itself and pay down some of its $14 billion in debt. More banks selling debt without FDIC guarantee to raise capital, prove soundnessNEW YORK — The new way for banks to flex their muscles? Selling bonds without the U.S. government backing them. More banks selling debt without FDIC guarantee to raise capital, prove soundnessNEW YORK — The new way for banks to flex their muscles? Selling bonds without the U.S. government backing them. Wall Street falls in morning trading amid weaker-than-expected retail sales reportNEW YORK — Wall Street fell sharply in early trading Wednesday after the government reported weaker-than-expected retail sales in April. Caution from Bernanke gives Wall Street a reason to edge lower; Anxiety over ’stress tests’NEW YORK — Caution returned to Wall Street Tuesday as Federal Reserve Chairman Ben Bernanke issued a guarded outlook on the economy. Business HighlightsRetailers see sales begin to recover in September NEW YORK (AP) — 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. Economic crisis is Obama’s greatest challenge, principal focusWASHINGTON — The economy will determine whether Barack Obama achieves what few presidents have: a far-reaching change in American politics that might even earn its own title and legacy. IMF head says it will sell bonds to raise funds, a victory for developing countriesWASHINGTON — The International Monetary Fund will sell bonds as a way to raise funds to lend to struggling nations, the head of the organization said Saturday, in a victory for developing countries. Geithner seeks more resources for IMF lending, as police use pepper spray on protestersWASHINGTON — As protesters clashed with police on Washington’s streets, Treasury Secretary Timothy Geithner urged world finance officials meeting near the White House on Saturday to ante up more to help countries wrung by the recession. Bickering among finance officials over how to provide more money for key lending institutionWASHINGTON — World finance officials are bickering over the best way to get the International Monetary Fund more money for its revitalized role in helping shore up capital-starved countries. Finance officials pledge aggressive efforts to battle global downturn but stumble over detailsWASHINGTON — Finance officials are pledging to keep the momentum going in their efforts to combat a severe global downturn but have hit a stumbling block in differences over how to boost the resources of the International Monetary Fund. A look at economic developments and activity in stock markets around the world WednesdayA look at economic developments and activity in major stock markets around the world Friday: Standard & Poor’s boosts New Orleans’ bond rating to investment grade, move key to bond saleNEW ORLEANS — Standard & Poor’s Ratings Services has boosted its bond rating for the city of New Orleans to investment grade, significant for the city as it continues recovering from Hurricane Katrina. Japan to submit record supplementary budget for $154 billion stimulus packageTOKYO — Japan will submit a record extra budget to finance its massive stimulus package aimed at lifting the world’s second-largest economy out of the deepest recession since World War II, officials said Tuesday. |
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