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Asian stocks rise as oil prices hit new 2009 high
AP - Asian stock markets recovered Wednesday as oil prices touched a new high for 2009 near $71 a barrel and fears of inflation eased in China.
London stock market opens higher
AFP - The London stock market opened slightly higher on Wednesday after closing stable the day before.
European stocks forge higher
AFP - Europe's leading stock markets rose Wednesday, after gains in Tokyo and a mixed showing in New York, with energy and mining companies boosted by strong commodity prices, dealers said.
World markets rise as oil prices hit new 2009 high
AP - World stock markets shot up Wednesday as oil prices touched a new high for the year above $71 a barrel and fears of inflation eased in China.
Anxious Japanese Are Working Themselves to Death
BusinessWeek Online - With Japan's export-based economy showing signs of recovery, many of the data coming out of Tokyo lately are positive. Most economists expect Japan's gross domestic product, which plunged faster than that of Europe or the U.S. after the collapse of Lehman Brothers last fall, to return to growth during the current quarter, while the Nikkei 225 stock index has increased more than one-third since touching two-decade lows in March.
Commodities help world markets advance
AP - World stock markets rose sharply Wednesday amid higher commodity prices and renewed hopes about the state of the U.S. banking sector.
U.S. Said to Seek New Powers for SEC Over Banks’ Executive Pay
Bloomberg - June 10 (Bloomberg) -- The Obama administration intends to
seek new powers for the Securities and Exchange Commission to
force financial firms to give shareholders votes on executive
pay packages, according to people familiar with the matter.
Stocks mostly rise on oil, Home Depot forecast
AP - Stocks are again getting a lift from commodity prices.
World markets buoyed by commodities, banks
AP - World stock markets rose sharply Wednesday, with Hong Kong's main index jumping by over 4 percent, amid higher commodity prices and renewed hopes about the state of the U.S. banking sector.
Brown-Forman 4Q profit falls as sales slide
AP - Brown-Forman Corp. said Wednesday that its fiscal fourth-quarter profit fell 20 percent, mostly hurt by costs related to job cuts and distributor inventory reductions. Still, the results from the maker of Jack Daniels Tennessee Whiskey and other liquors still beat Wall Street's expectations.
Stocks slip as oil rises, Fed economic data looms
AP - Investors are biding their time, encouraged by rising commodity prices but hesitant ahead of regional economic data.
Obama Administration to Seek New Power for SEC on Executive Pay
Bloomberg - June 10 (Bloomberg) -- The Obama administration will seek
new powers for the Securities and Exchange Commission to force
firms to let shareholders vote on executive pay and make
directors who set compensation more independent, an
administration official said.
Stocks fall after weak auction of 10-year notes
AP - Worries about rising inflation and interest rates are putting pressure on stocks and bonds.
Geithner seeks bigger SEC role in pay rules
Reuters - U.S. Treasury Secretary Timothy Geithner said on Wednesday the Obama administration wants to give the Securities and Exchange Commission power to give shareholders a stronger say over executive pay.
Stocks fall on inflation, interest-rate jitters
AP - The stock market has a new priority: interest rates.
CORRECTED: SEC sues 3 Canada residents over tips via Merrill
Reuters - Three Ontario residents were sued by the U.S. Securities and Exchange Commission for allegedly reaping $1.02 million (C$1.13 million) of illegal trading profits by using inside information on transactions involving Merrill Lynch & Co clients.
Stocks fall on interest-rate, inflation jitters
AP - The stock market has a new priority: interest rates.
Nikkei tops 10,000 for first time since October
AFP - Japanese share prices have briefly topped the 10,000 level for the first time since October amid growing hopes of an economic recovery.
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