Feb. 11 - U.S. stocks posted a modest gain on Wednesday as lawmakers announced a $789 billion stimulus deal they hoped to send to President Obama by week's end.
Six members of New York's congressional delegation are coming to the defense of a $400 million deal between Citigroup and the New York Mets.
ArcelorMittal SA, the world's largest steel maker, reported Wednesday its first ever quarterly loss _ at $2.6 billion _ during the fourth quarter as it wrote down the value of assets amid collapsing demand.
The loss compares with a $2.4 billion profit a year earlier.
Sales during the three months to Dec. 31 fell 21 percent to $22.1 billion from a year ago, the company said.
It blamed the loss on pretax charges of $4.4 billion to write down the value of stockpiled steel and raw material contracts as well as payouts to workers being laid off.
Analysis and Discussion with Guy Lebas of Janney Montgomery Scott and John Silvia of Wachovia
Billionaire Warren Buffett likes to say his favorite length of time to hold a stock is a oeforever.a Thata s a good thing because some of his more recent investments arena t making him money in the short run.
General Electric Co signed a contract to supply nearly $1 billion worth of gas-fired electric turbines to the Saudi Electricity Co.
TULSA, Okla. a ' An indictment unsealed Tuesday in federal court charged five men from Oklahoma, Texas, Kentucky and the Bahamas in connection with what prosecutors said was a $41 million stock fraud scheme.
Credit Suisse Group AG , Switzerlanda s second-biggest bank, reported a record fourth-quarter loss after the worst financial crisis since the Great Depression battered trading results.
THE stock market closed in negative territory amid waning investor confidence after US stocks tumbled over 4 per cent in the biggest sell-off since December.
If federal renewable fuel mandates require ethanol to be mixed into gasoline, the nation's largest independent oil refiner figures it might as well just do it itself.
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