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Business News
Stocks climb after Fed pledges to hold rates low
NEW YORK (AP) -- The stock market continued its steady advance of the past month after the Federal Reserve said it would keep interest rates low to revive the economy....
February wholesale prices drop 0.6 percent
WASHINGTON (AP) -- Prices at the wholesale level plunged in February by the largest amount in seven months as a big drop in energy prices offset higher food costs....
Fed boss makes case to keep all banking duties
WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke urged Congress Wednesday to let the Fed keep all of its banking oversight, arguing that information gleaned from that process helps the central bank guide the economy....
SEC boss: Agency examining companies
WASHINGTON (AP) -- The head of the Securities and Exchange Commission confirmed Wednesday the agency is investigating several companies' actions in the run-up to the financial crisis of 2008....
New CFO says GM has chance to make 2010 profit
DETROIT (AP) -- If the economy cooperates and auto sales recover a bit, General Motors Co. has a reasonable chance of turning a full-year profit in 2010, its new chief financial officer said Wednesday....
Senate OKs jobs bill for Obama's signature
WASHINGTON (AP) -- Companies that hire unemployed workers will get a temporary payroll tax holiday under a bill that easily won final congressional approval Wednesday....
NJ: Asian casino boss has mob ties in China
ATLANTIC CITY, N.J. (AP) -- New Jersey casino regulators said Wednesday that they have evidence Stanley Ho, the Asian casino magnate, has extensive ties to organized crime in China....
Toyota official: Prius in NY crash yielding data
HARRISON, N.Y. (AP) -- A Toyota spokesman says a Prius that crashed into a stone wall in the New York suburbs is yielding data on engine speed and pedal position....
OPEC decides leave output unchanged
VIENNA (AP) -- OPEC oil ministers on Wednesday opted to keep their output targets unchanged in a bid to keep prices at present levels and send a message of stability to energy-hungry economies struggling to emerge from recession....
IMF: chance to overhaul global economy is receding
BRUSSELS (AP) -- Nations risk losing a window of opportunity to fix the global financial system in the wake of the credit crisis if they do not push reforms through soon, the head of the International Monetary Fund warned Wednesday....
