IBT Staff Reporter

128941-128970 (out of 154953)

Tech, commodity stocks lift S&P and Nasdaq

The S&P 500 and the Nasdaq rose on Thursday as investors rotated into beaten-down technology and commodity shares from healthcare and consumer staples, while a positive broker comment on Goldman Sachs boosted the financial sector.

U.S. allocates $3 billion to speed up renewable energy projects

The U.S. Department of the Treasury and Department of Energy announced on Wednesday an estimated $3 billion from Recovery Act funds to speed up the development of renewable energy projects, which the Obama administration says it will help the nation's economy.

Chevron to appeal to resume Calif. refinery work

Chevron Corp plans to appeal a California judge's ruling that halted a $1 billion project to build a hydrogen plant at its San Francisco Bay refinery in Richmond, California, a company spokesman said on Thursday.

Citigroup shakes up top management

Citigroup announced on Thursday its biggest management shake-up since the financial crisis began, replacing its chief financial officer and installing a new banking chief as it prepares to give the government a 34 percent equity stake.

AOL reviewing assets, but will likely keep Bebo

AOL, which is in the process of being spun off from Time Warner Inc, is reviewing assets it could sell or divest, but will likely keep its social networking site Bebo, CEO Tim Armstrong said.

AOL likely to keep Bebo

AOL, which is in the process of being spun off from Time Warner Inc, is reviewing assets it could sell or divest, but will likely keep its social networking site Bebo, CEO Tim Armstrong said.

Midday Minute - July 9 - Energy

The Obama administration said it will give $3 billion in government funds for renewable energy projects. Yang Rong, an exile automobile tycoon will announce a plan to launch a new clean-tech automobile company in the U.S.

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