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ND PSC approves selling renewable energy credits (AP)
AP - North Dakota regulators on Wednesday endorsed most of an Xcel Energy Inc. plan for selling its renewable energy credits and sharing the money with its electric customers in the state.
Categories: Business News
Obama: Democrats in trouble if election based on economy (AFP)
AFP - President Barack Obama admitted Wednesday if US voters in the upcoming midterm elections make their choices based on their opinion of the economy, his Democratic Party could be in big trouble.
Categories: Business News
Google seeks to speed up Web searches (Reuters)
Reuters - Google Inc's search engine now displays results before users finish typing.
Categories: Business News
Spartech posts fiscal 3Q loss, misses expectations (AP)
AP - Plastic sheet and packaging maker Spartech Corp. reported a net loss for its fiscal third quarter on Wednesday and said that despite higher revenue, the overall market recover is slower than expected.
Categories: Business News
Obama, GOP Leader Tout Austerity In Different Ways (Investor's Business Daily)
Investor's Business Daily - The 2010 elections took a turn toward austerity on Wednesday, with President Obama calling for tax hikes on high earners and Republicans backing spending cuts.
Categories: Business News
Obama firm, won't yield on tax hike for wealthiest (AP)
AP - Politically weakened but refusing to bend, President Barack Obama insisted Wednesday that Bush-era tax cuts be cut off for the wealthiest Americans, joining battle with Republicans — and some fellow Democrats — just two months before bruising midterm elections.
Categories: Business News
BP and partners trade blame for oil spill (Reuters)
Reuters - BP Plc and its Gulf of Mexico oil well partners traded blame on Wednesday after an internal BP investigation tried to downplay the company's role in the world's biggest offshore spill.
Categories: Business News
Flash crash cause still a mystery (Investor's Business Daily)
Investor's Business Daily - The SEC, which is probing the stock market "flash crash" on May 6, still hasn't identified a single cause, but a trade practice known as "stub quotes" and other issues contributed to the market's dramatic drop, sources said. Stub quotes are orders placed by market makers that are well off the market prices for stocks. The SEC wants to ban stub quotes.
Categories: Business News
Flash crash cause still a mystery (Investor's Business Daily)
Investor's Business Daily - The SEC, which is probing the stock market "flash crash" on May 6, still hasn't identified a single cause, but a trade practice known as "stub quotes" and other issues contributed to the market's dramatic drop, sources said. Stub quotes are orders placed by market makers that are well off the market prices for stocks. The SEC wants to ban stub quotes.
Categories: Business News
More stimulus needed for economy: Geithner (Reuters)
Reuters - Treasury Secretary Timothy Geithner said on Wednesday the United States needed more incentives to stimulate job growth and bolster a slow recovery from a "savage" recession.
Categories: Business News
SEC says proposed Citi settlement is fair (Reuters)
Reuters - The top securities regulator defended its proposed $75 million settlement with Citigroup , saying the penalty reasonably accounts for the seriousness of the bank's alleged misconduct, according to a document filed in court on Wednesday.
Categories: Business News
Fed survey sees slower growth in East and Midwest (AP)
AP - The economy lost strength in late summer as factory production weakened in areas of the East Coast and Midwest.
Categories: Business News
Summary Box: More places see slower growth (AP)
AP - ECONOMY LOSES SPEED: A Federal Reserve survey found "widespread signs" that economic growth had slowed in the late summer.
Categories: Business News
Obama seeks to mend frayed bond with voters (AFP)
AFP - US President Barack Obama Wednesday admitted some of his policies were unpopular and had not revived the economy quickly enough, but sought to rekindle his frayed bond with American voters.
Categories: Business News
At a Glance: Smithfield Foods 1Q results (AP)
AP - Stronger demand is helping Smithfield Foods emerge from a long period of weak prices with historically high ingredient costs. The company said stronger demand, coupled with $125 million in annual cost savings from a restructuring plan, should make 2011 profitable.
Categories: Business News
Highlights from the Fed's latest economic survey (AP)
AP - Highlights from the Federal Reserve's survey of economic conditions nationwide. The survey, released Wednesday and known as the Beige Book, is based on information collected from the Fed's 12 regional bank districts.
Categories: Business News
Deal reached on Michigan's 2011 budget (Reuters)
Reuters - Michigan will cut spending and not resort to tax or fee hikes to balance its upcoming fiscal 2011 budget, according to details released on Wednesday of an agreement between Governor Jennifer Granholm and legislative leaders.
Categories: Business News
Consumers cut back on credit card use once again (AP)
AP - Consumer borrowing fell again in July as households cut back on their credit card use for a 23rd consecutive month, adding more drag on an economy struggling to mount a sustained rebound.
Categories: Business News
Wall Street climbs in low-volume session (Reuters)
Reuters - Stocks rose on Wednesday as investors latched onto positive news out of Europe in the latest in a string of low-volume sessions suggesting little confidence in market direction.
Categories: Business News
Fed sees 'widespread' signs US economy is slowing (AFP)
AFP - The US economic recovery is showing "widespread" signs of slowing, the US Federal Reserve warned Wednesday, as it gears up for a key policy meeting later this month.
Categories: Business News