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Reuters News
  • More stimulus needed for "savage" recession: Geithner
    WASHINGTON (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.




  • Wall Street climbs in low-volume session
    NEW YORK (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.




  • SEC says proposed Citi settlement is fair
    WASHINGTON (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.




  • Obama: U.S. can't afford to extend tax cuts for rich
    PARMA, Ohio (Reuters) - President Barack Obama, fighting to keep Democrats in charge of Congress, said on Wednesday the United States could not afford to extend Bush-era tax cuts for the rich and accused Republicans of being fiscally irresponsible.




  • Crisis CEOs Sullivan and Peek find new jobs
    NEW YORK (Reuters) - Two former chief executives who were criticized during the financial crisis for driving their firms to the brink have found new homes.




  • BP and partners trade blame for oil spill
    LONDON/WASHINGTON (Reuters) - A BP Plc investigation of the Gulf of Mexico disaster played down its own role in the world's worst offshore oil spill and pointed the finger at what it said were failures by contractors.




  • Bankers urge government to pull plug on Fannie, Freddie
    WASHINGTON (Reuters) - The federal government should take mortgage finance giants Fannie Mae and Freddie Mac off life support sooner rather than later, the Mortgage Bankers Association urged on Wednesday.




  • Fed report shows widespread signs growth easing
    WASHINGTON (Reuters) - The economy has shown "widespread signs" of slowing over recent weeks, the Federal Reserve said on Wednesday in a report suggesting that while the recovery has been faltering, the economy may skirt a second recession.




  • Google seeks to speed up Web searches
    SAN FRANCISCO (Reuters) - Google Inc unveiled a set of enhancements to its Internet search engine on Wednesday that predict search queries as users type, promising to speed up the time it takes to find information online and to generate more searches on the website.




  • Oracle offered Hurd pay package with $10 million bonus
    NEW YORK (Reuters) - Oracle Corp offered its new co-president, Mark Hurd, former head of Hewlett-Packard Co, a salary of $950,000 and a bonus of up to $10 million for fiscal 2011, plus stock options.