UNITED STATES

Deficit Deal Deadline is 2012 Election

Sen. Tom Coburn, R-OK on Monday - reacting to a 2 year warning on the nation's pristine credit rating - said Democrats and Republicans needed to reach a deal on cutting the nation's long-term deficits ahead of the November 2012 election, cautioning against waiting for the perfect political moment to tackle the problem.
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Geithner: no risk U.S. will lose AAA credit rating

U.S. Treasury Secretary Timothy Geithner on Tuesday said there was no risk that the United States would lose its prized AAA credit rating, saying political prospects for long-term deficit reduction were improving.
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Silver Burns Short Sellers

[Selling silver short] natural with these giddy prices, one London trader told the Platts news service on Monday. Speculators are going to have to take profits soon. Shorts have been burned in the run-up, but keep coming back for more, he said, forecasting a $10 drop in the Silver Price short term.
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Goodrich Upgraded at Wedbush on Better Aftermarket Performance

Wedbush Securities upgraded its rating on shares of Goodrich Corp. (NYSE: GR) to outperform from neutral based largely on outperformance in the commercial aftermarket. The brokerage also raised its price target on shares of the U.S. aircraft parts supplier to $100 from $92.
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Goldman profit tops forecasts

Goldman Sachs Group Inc posted stronger-than-expected quarterly profit, earning more money from bond trading than analysts had forecast.
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Acer appoints new president, cuts PC shipments forecast

Taiwan's Acer Inc named insider Jim Wong as its new corporate president after the abrupt departure of its previous chief executive last month, giving him special responsibility for developing mobile devices to power future growth.
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RIM's PlayBook hits shelves

Research In Motion's PlayBook, the long-awaited response to Apple's iPad, went on sale in the United States and Canada on Tuesday in a launch RIM desperately hopes will win the hearts and minds of consumers.
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Oil slips to $120 on economy, demand concerns

Brent crude oil fell on Tuesday, slipping below $120 a barrel for the first time in two weeks, pressured by concern about the economic outlook and that high prices could erode demand.
Fukushima Daiichi nuclear power plant

Far from dying, nuclear power sector is thriving despite safety concerns

There are many people who think the Fukushima nuclear crisis has signaled the demise of the nuclear power industry, or at least that it will soon run into a ditch. But certain facts speak otherwise. Rising scepticism about the industry's future, especially in Europe, notwithstanding, the nuclear power sector is more likely to thrive than not.

Regeneron Shares Hit New 10-Year High After Eye Drug Gets FDA Priority Review

Shares of Regeneron Pharmaceuticals, Inc. (NASDAQ: REGN) touched a new 10-year high of $49.44 on Monday. The company said the U.S. Food and Drug Administration gave priority review status for its new investigational eye solution to treat neovascular form of age-related macular degeneration, or wet AMD, a disorder that causes vision loss due to abnormal growth of blood vessels.
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World Market Update 04/19/2011

US stocks ended sharply lower on Monday after Standard & Poor’s (S&P) revised its rating outlook on the United States to negative.

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