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Wednesday, January 18, 2012

DAI: Wall Street ends higher on IMF hopes, Goldman

Reuters
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01/18/2012
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Wall Street ends higher on IMF hopes, Goldman
NEW YORK (Reuters) - Stocks jumped to their highest since July on Wednesday as the International Monetary Fund sought to help countries hit by the European debt crisis, while Goldman Sachs' forecast-beating earnings dispelled some worries over bank profits. | Full Article
EBay says quarterly profit jumps
January 18, 2012 04:34 PM ET
SAN FRANCISCO (Reuters) - EBay Inc's fourth-quarter profit jumped as the e-commerce company saw solid growth in its online marketplaces and an increase in transactions processed through its PayPal electronic payments business. | Full Article
IMF seeks $600 billion more in funds
January 18, 2012 03:08 PM ET
WASHINGTON/MEXICO CITY (Reuters) - The International Monetary Fund is seeking to boost its war chest by $600 billion to help countries reeling from the euro zone debt crisis, but some nations insist Europe must first do more to support its ailing members, international financial sources said on Wednesday. | Full Article
7 charged in $62 million Dell insider-trading case
January 18, 2012 04:33 PM ET
NEW YORK (Reuters) - Seven people were charged with a scheme to reap nearly $62 million in illegal profits on trades on Dell Inc shares, the latest salvo in a sweeping probe of suspicious trading at hedge funds. | Full Article
Goldman beats Street on lower expenses
January 18, 2012 02:21 PM ET
(Reuters) - Goldman Sachs Group Inc's fourth-quarter profit fell 56 percent as trading and investment banking revenue plunged, but the bank did better than expected thanks to cost-cutting and lower taxes, sending its shares higher. | Full Article
US TOP NEWS
Obama administration rejects Keystone oil pipeline
January 18, 2012 04:07 PM ET
WASHINGTON (Reuters) - The Obama administration on Wednesday rejected the Keystone crude oil pipeline project, a decision welcomed by environmental groups but blasted by the domestic energy industry. | Full Article
Divers suspend search of capsized Italy liner
January 18, 2012 01:43 PM ET
GIGLIO, Italy (Reuters) - Divers searching the capsized Italian cruise liner Costa Concordia suspended work on Wednesday after the vast wreck shifted by more than a meter, delaying plans to remove the oil from the liner to prevent a possible environmental disaster. | Full Article
House rejects debt limit hike in protest vote
January 18, 2012 04:38 PM ET
WASHINGTON (Reuters) - The House of Representatives voted to reject a $1.2 trillion increase in the federal debt limit on Wednesday in a largely symbolic vote aimed at staking out election-year positions on government spending. | Full Article
Greece, creditors haggle to avoid costly default
January 18, 2012 04:32 PM ET
ATHENS (Reuters) - Greece began a new round of bargaining on a bond swap deal with its creditors on Wednesday, with both sides under mounting pressure to iron out differences before they push Athens to a messy default. | Full Article
Romney aims to stay away from his income tax issue
January 18, 2012 03:26 PM ET
SPARTANBURG, South Carolina (Reuters) - Republican presidential candidate Mitt Romney sought on Wednesday to stay away from the issue of how much he pays in taxes a day after acknowledging that his income tax rate is about 15 percent, but a key ally joined rivals' calls for Romney to release his tax returns. | Full Article
HEALTH NEWS
Implant boss says France "criminal" in recommending removal
Breast milk courier helps Indonesian mums cope
Kids do well with two cochlear implants: study
Appendicitis racial disparities mostly unexplained
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