U.S. stocks gained more than 1 percent on Monday, buoyed by the healthcare sector after a Senate bill advanced that had been stripped of provisions deemed detrimental to health insurers and other companies.
Stocks gained more than 1 percent on Monday, buoyed by healthcare shares, after a Senate bill advanced which had been stripped of provisions seen as detrimental to health insurance and other companies.
Stocks rose on Monday after health-care overhaul passed a crucial test in the Senate and as aluminum producer Alcoa announced an overseas deal and a brokerage upgraded its stock.
The White House pledged on Sunday to move forward on allowing imports of safe prescription drugs from nations like Canada where they are less expensive, but not in the healthcare reform legislation now before Congress.
Wall Street was set to open higher on Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors and after brokerages upgrades on Alcoa and Intel.
Stock index futures rose on Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors.
A broad healthcare overhaul passed its first crucial test in the U.S. Senate on Monday, with 60 Democrats voting to put President Barack Obama's top legislative priority on a path to passage by Christmas.
Stock index futures were higher on Monday on expectations that rising commodity prices and a downtick in the U.S. dollar would boost stocks in the energy and materials sectors.
Stock index futures pointed to a slightly higher opening on Wall Street on Monday, with futures for the S&P 500 up 0.13 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures up 0.07 percent at 0845 GMT (3:45 a.m. EST).
The world will find it hard to get U.N.-led climate talks back on track in Mexico in 2010 after an unambitious deal agreed in Copenhagen set no firm deadline for a legally binding treaty.
With 60 votes in hand, Senate Democrats cruised on Sunday toward an expected victory on the first of three crucial test votes that will put a broad healthcare overhaul on the path to passage by Christmas.
U.N. climate talks ended with a bare-minimum agreement on Saturday when delegates noted an accord struck by the United States, China and other emerging powers that falls far short of the conference's original goals.
U.S. Senate Democrats reached a compromise on Saturday with a holdout senator that secured the 60 votes they need to pass a broad healthcare overhaul sought by President Barack Obama.
U.S. Senate Democrats said they reached agreement on an abortion compromise with a crucial holdout, Senator Ben Nelson, on Saturday in a deal that could clear the way for passage of a sweeping healthcare overhaul.
The U.S. Senate approved a $636 billion military spending bill on Saturday that funds the wars in Iraq and Afghanistan and also includes money to extend jobless aid and Medicare payment rates for two months.
Several developing nations rejected on Saturday a climate deal worked out by U.S. President Barack Obama and four major emerging economies, saying it could not become a U.N. blueprint for fighting global warming.
A federal court judge sentenced a Florida man to three years in prison on Friday for threatening to kill President Barack Obama in an email that said The blood of Obama will run down the streets.
With the clock ticking toward a self-imposed Christmas deadline, Senate Democrats kept a wary eye on the weather on Friday as they scrambled to line up the 60 votes needed to pass a healthcare reform bill.
Morgan Stanley Chief Executive John Mack is forgoing a year-end bonus for the third straight year, he said in a memo obtained by Reuters, putting pressure on other Wall Street CEOs to follow suit.
Obama's remarks following Copenhagen -- Full transcript
U.S. President Barack Obama has invited Chinese Premier Wen Jiabao for another bilateral meeting to discuss outstanding issues on a U.N. climate change agreement, the White House said in a statement.
U.S. President Barack Obama reached agreement with major developing powers on a climate deal on Friday, a U.S. official said, but he said the accord was only a first step and was insufficient to fight climate change.
