This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BC-Business News Digest

WALL STREET

NEW YORK â¿¿ Stocks rise on Wall Street after U.S. corporate earnings reports got off to a good start. By Business Writer Steve Rothwell.

AP photo.

â¿¿ OIL PRICES â¿¿ The price of oil barely budged Wednesday, while natural gas plunged to the lowest level since late September. Benchmark oil slipped 5 cents to end at $93.10 per barrel in New York trading.

â¿¿ SEC-KHUZAMI â¿¿ Robert Khuzami is leaving the Securities and Exchange Commission after leading the agency's efforts to penalize the nation's largest banks for actions that triggered the 2008 financial crisis.

â¿¿ LABOR SECRETARY RESIGNS â¿¿ Labor Secretary Hilda Solis resigns, saying she plans to return to her native California. She is expected to run for a seat on the Los Angeles County Board of Supervisors. AP photo.

â¿¿ UN-DOMESTIC WORKERS â¿¿ The U.N. says at least 52 million people are employed as domestic workers, most of them women without adequate legal protection.

â¿¿ OBIT-BUCHANAN â¿¿ Nobel Prize-winning economist James M. Buchanan, who helped develop the public choice theory of economics, has died. He was 93.

RETAIL:

FOOD-UNHAPPY HOURS

During "happy hour" at the Summer Winter bar in Burlington, Mass., the bargain is on the bivalves, not the brews. That's because Massachusetts legislators passed a law in 1984 banning bars from offering cut-price drinks. So James Flaherty, the bar's director of food and beverage, decided to use shellfish specials to draw customers. Massachusetts isn't alone. The concept of happy hour â¿¿ when bars offer lower prices or two-for-one specials â¿¿ may seem like an American tradition, but is in fact illegal or restricted in quite a few places. By Michelle Locke.

AP photos.

â¿¿ DARDEN-PERSONNEL â¿¿ Darden is replacing the president of its flagship Olive Garden chain after a new marketing campaign failed to reverse slumping sales.

4 of 8

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs