NEW YORK (Reuters) - Stock index futures rose on Wednesday, indicating shares could bounce back after two sessions of losses as investors regain some optimism about the strength of the market rally.
WASHINGTON (Reuters) - The Treasury must seek Congressional approval if it wants to funnel some of its $700 billion bailout fund to jobs programs that do not involve financial services firms as intermediaries, a key overseer said on Wednesday.
TOKYO/FRANKFURT (Reuters) - Germany's Volkswagen AG will buy a one-fifth stake in Suzuki Motor Corp for $2.5 billion, tapping the Japanese firm's expertise in small cars and dominance in India as VW seeks to become the No.1 automaker.
WASHINGTON (Reuters) - The U.S. government's $700 billion bailout program helped stabilize the financial system, but has done little to boost lending or stave off millions of home foreclosures, a government watchdog group said on Wednesday.
SAN FRANCISCO (Reuters) - Low interest rates will prevail through most of next year as the U.S. economy expands modestly and the unemployment rate remains stuck in double digits, the UCLA Anderson Forecast group said on Wednesday.
NEW YORK (Reuters) - Demand for U.S. home loans rose to the highest level in about two months, mainly from borrowers locking in low mortgage rates by refinancing, the Mortgage Bankers Association said on Wednesday.
DUBAI (Reuters) - Fears that Dubai's debt problems are not limited to troubled state conglomerate Dubai World battered investor confidence in the world's top oil-exporting region and sent Gulf shares tumbling on Wednesday.
NATIONAL HARBOR, Maryland (Reuters) - The recovery of many U.S. low income areas remains stymied as lenders decide completing some foreclosures simply isn't worth the cost, casting many properties into "legal limbo," Federal Reserve Governor Elizabeth Duke said on Wednesday.
CHICAGO (Reuters) - The U.S. bankruptcy court judge presiding over Pilgrim's Pride Corp's reorganization has said he would approve the chicken company's reorganization plan once some wording in it was resolved, Pilgrim's Pride spokesman Ray Atkinson told Reuters in an e-mail.
NEW YORK (Reuters) - Upscale retailer Neiman Marcus Inc reported sharply lower quarterly profit as worried consumers continued to avoid luxury items amid a slowdown the company expects will last for some time.
