News Summary: A word from Bernanke moves market

Refinery blast kills 26 in Venezuela, dozens hurt Refinery blast kills 26 in Venezuela, dozens hurt An explosion has rocked the Amuay refinery in Venezuela, and an official says at least seven people are dead and dozens injured. A huge explosion rocked Venezuela's biggest oil refinery and unleashed a ferocious fire Saturday, killing at least 26 people and injuring more than 80 others in the deadliest disaster in memory for the country's key... Chevrolet Sonic recalled to fix wiper fluid issue Chevrolet Sonic recalled to fix wiper fluid issue General Motors Co. is recalling nearly 45,000 of its 2012 Chevrolet Sonic subcompact cars because of a defect that could prevent washer fluid from spraying on the car's windshield. General Motors Co. is recalling nearly 45,000 of its 2012 Chevrolet Sonic subcompact cars because of a defect that could prevent washer fluid from spraying on the car's windshield. Airline rules on clothing are usually vague Airline rules on clothing are usually vague By The Associated Press Rules for how airplane passengers should dress are often vague. Airline employees usually decide whether someone's clothing is offensive. By The Associated Press Rules for how airplane passengers should dress are often vague. Airline employees usually decide whether someone's clothing is offensive. Police kill gunman outside Empire State Building Police kill gunman outside Empire State Building A laid-off clothing designer fatally shot an executive at his former company outside the Empire State Building on Friday, setting off a chaotic showdown with police in front of one of the world's best-known... Jeffrey Johnson hid behind a car in his business suit and tie near the Empire State Building, waiting for the man he blamed for costing him his job. He put a gun to the executive's head and fired five times, then walked... SKorean court rules Samsung didn't copy iPhone SKorean court rules Samsung didn't copy iPhone A South Korean court ruled Friday that technology giants Apple Inc. and Samsung Electronics Co. both infringed on each other's patents, and ordered a partial ban of their products in South Korea. The court also... South Korean phone maker Samsung won a home court ruling Friday in its global patent battle against Apple and its popular iPhone and iPad devices. Best Buy pays up to lure new CEO Best Buy pays up to lure new CEO Best Buy is paying up for a turnaround. Best Buy is paying up for a turnaround. UPS restructures pensions, sees 3Q charge of $896M UPS restructures pensions, sees 3Q charge of $896M UPS is restructuring pension liabilities for about 10,200 of its workers, and will book related costs of nearly $900 million in the third quarter. UPS said Friday that it is restructuring pension liabilities for about 10,200 of its workers, and will book related costs of nearly $900 million in the third quarter. Euro weakens against dollar on ECB plans Euro weakens against dollar on ECB plans The euro is falling against the dollar because of worries that it may take longer than expected for the European Central Bank to announce its plans to ease the region's debt crisis. The euro fell against the dollar Friday because of worries that it may take longer than expected for the European Central Bank to announce its plans to ease the region's debt crisis. Va. man pleads guilty in $15M bank fraud case Va. man pleads guilty in $15M bank fraud case A southeast Virginia developer and restaurateur is facing up to 20 years in prison after pleading guilty to federal bank fraud charges. A southeast Virginia developer and restaurateur is facing up to 20 years in prison after pleading guilty to federal bank fraud charges. News Summary: Bernanke sees room for Fed to act News Summary: Bernanke sees room for Fed to act By The Associated Press FED CAN DO MORE: Federal Reserve Chairman Ben Bernanke makes clear in a letter to a House lawmaker that he thinks the Fed can do more to bolster the economic recovery and... By The Associated Press FED CAN DO MORE: Federal Reserve Chairman Ben Bernanke makes clear in a letter to a House lawmaker that he thinks the Fed can do more to bolster the economic recovery and help... By The Associated Press

A WORD FROM BERNANKE: Stocks opened lower, then rose after a letter surfaced from Federal Reserve Chairman Ben Bernanke suggesting the central bank might do more to try to prop up the economy.

WILL THEY OR WON'T THEY? Investors have been looking for clues all week about what the Fed plans to do. They hope that the bank's annual conference next week in Jackson Hole, Wyo., will provide some clarity.

CLOCK IS TICKING FOR GREECE: The Greek prime minister said his country needs more time to put in place spending cuts that Germany is demanding in exchange for bailout money. Some leaders in Germany are growing impatient with debt-stricken Greece.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Read more from the original source:
News Summary: A word from Bernanke moves market

Related Posts

Comments are closed.