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Oil's spike, retail and jobless data lift Wall Street

U.S. stocks racked up gains across a wide array of sectors on Thursday, aided by rising commodity prices and improving labor market conditions, along with a sharp drop in interest rates.

Wall Street gains on oil's jump, plus retail, jobless data

U.S. stocks racked up gains across a wide array of sectors on Thursday, aided by rising commodity prices and improving labor market conditions, along with a sharp drop in interest rates.

Oil prices and data lift Wall Street

Stocks rose on Thursday as rising oil and other commodity prices lifted energy stocks, while retail sales and weekly jobless claims data bolstered optimism for an economic recovery.

U.S. college grads shun Wall Street for Washington

Wall Street may be losing its luster for new U.S. college graduates who are increasingly looking to the government for jobs that enrich their social conscience, if not their wallet.

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U.S. manufacturing shrinks at slower pace in May

The U.S. manufacturing sector showed improvement in May, contracting at a slower rate for the fifth straight month, while consumer spending slipped only slightly in April, according to reports Monday that offered more proof the deep recession is losing its bite.

Secretary of Public Welfare Corrects the Record on 'Smart Pharmacy' Initiative

Secretary of Public Welfare Estelle B. Richman today responded to critics of the Smart Pharmacy initiative, saying the plan would save taxpayers $146 million annually while preserving consumer benefits and simplifying the pharmacy initiative for providers.

Falling profits mean more job loss

In the world of corporate profits, much like the broader economy, less bad is good these days. Unfortunately, it's not good enough to stem the rise in unemployment.

Author advises dump your mortgage, transform yourself

Iris Martin is not a banker, real estate lawyer or mortgage broker. She is a former psychotherapist specializing in transformative psychology.

FACTBOX: Details about the U.S. prison at Guantanamo Bay

President Barack Obama on Thursday will discuss his plan for closing the U.S. military prison at Guantanamo Bay, Cuba, in an effort to stop a revolt by lawmakers concerned that some of the detainees could be set free in the United States.

Toll Brothers homebuilding revenue dives 51 percent

Toll Brothers Inc said on Wednesday that it expected to report a 51 percent drop in quarterly homebuilding revenue, but said new orders had improved from the prior period, reflecting a seasonal upturn.

U.S. housing starts and permits plumb record lows

U.S. housing starts and permits fell to record lows in April, weighed down by a slump in multifamily units, according to data on Tuesday that still hinted the U.S. recession may be drawing to a close.

Oil hits 6-month high on U.S. refinery problems

Oil prices rose on Tuesday, touching a six-month high over $60 a barrel as a flurry of U.S. refinery problems stoked supply fears leading into peak summer driving season.

Oil rises on spate of U.S. refinery problems

Oil prices rose on Tuesday as a flurry of U.S. refinery problems stoked supply fears leading into peak summer driving season.

Oil up slightly, US refinery problems support

Oil prices rose on Tuesday on buying inspired by gains on Wall Street and a flurry of U.S. refinery problems leading into peak summer driving season.

GE unveils locomotive nearly 20 percent more fuel efficient

General Electric's transportation unit unveiled a new line of fuel efficient and low emissions locomotives on Monday offering them as an alternative to the aging fleet, the company said.

Oil climbs on Nigeria violence, U.S. refinery fire

Oil prices rose nearly 4.8 percent to a six-month high on Monday as violence in Africa's top crude exporter Nigeria and a fire at a key U.S. East Coast refinery revived concern about supplies.

Oil prices climb on Nigeria, U.S. refinery fire

Oil prices rose nearly 4.8 percent to a six-month high on Monday as violence in Africa's top crude exporter Nigeria and a fire at a key U.S. East Coast refinery revived concern about supplies.

Berkshire adds shares of US Bancorp, Wells

Warren Buffett's Berkshire Hathaway Inc said on Friday it had modestly raised its stakes in Wells Fargo and US Bancorp , two banks whose market values have fallen dramatically.

CORRECTED: Berkshire adds shares of US Bancorp, Wells

Deletes reference in paragraph 12 to having sold out of positions in Ingersoll Rand and Iron Mountain

U.S. jury finds Ex-E&Y partner guilty of fraud

A former partner at accounting firm Ernst & Young LLP was guilty of securities fraud for an insider trading scheme but not guilty of conspiracy charges, a U.S. jury ruled on Friday.

U.S. jury finds ex-E&Y partner guilty on fraud charges

A U.S. jury found a former partner at accounting firm Ernst & Young LLP guilty of a securities fraud charge on Friday, according to a court document.

GM slashes dealers

General Motors Corp plans to drop about 1,600 U.S. dealers as it struggles to slash billions of dollars in operating costs and debt ahead of an anticipated bankruptcy filing by the end of the month.

GM set to cut 1,200 dealers

General Motors Corp is expected to slash up to 1,200 dealers as it struggles to dramatically pare down its operations and eliminate billions of dollars of costs ahead of an anticipated bankruptcy filing by the end of this month.

GM maps legal strategy, Chrysler cuts dealerships

General Motors Corp said on Thursday night it would most likely pursue the same legal strategy as Chrysler if it spirals into bankruptcy, while Chrysler unveiled details for slashing its dealer network.

Wall Street boosted by return to banks, tech

Stocks rose on Thursday as investors returned to financial and technology shares on bets the recent rally could have more room to grow after a brief pullback.

Tech and defensive stocks boost Wall Street

Stocks rose on Thursday, lifted by a rebound in technology shares, while a surprisingly big rise in weekly jobless claims brought new worries about the economy and pushed defensive shares higher.

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