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

Business News at 5:40 p.m.

The supervisor is Richard Jacobsen (800-845-8450, ext. 1680). For photos, ext. 1900. For graphics and interactives, ext. 7636. Expanded AP content can be obtained from http://www.apexchange.com . For access to AP Exchange and other technical issues, contact customersupport(at)ap.org or call 877-836-9477.

If you have questions about transmission of financial market listings, please call 800-3AP-STOX.

A selection of top photos can be found at http://bit.ly/APTopPhotos

NEW THIS UPDATE:

Adds: GULF OIL SPILL-TRIAL

Updates: CYPRUS-FINANCIAL CRISIS, BUDGET BATTLE, EARNS-ORACLE, WALL STREET

TOP STORIES:

FEDERAL RESERVE

WASHINGTON â¿¿ The Federal Reserve says that the U.S. economy has strengthened after pausing late last year but still needs the Fed's extraordinary support to help lower high unemployment. In a statement after a two-day meeting, the Fed stood by its plan to keep short-term interest rates at record lows at least until unemployment falls to 6.5 percent, as long as the inflation outlook remains mild. And it said it would continue buying $85 billion a month in bonds indefinitely to keep long-term borrowing costs down. By Economics Writer Martin Crutsinger.

AP photos.

With:

â¿¿ FED-FORECASTS

â¿¿ BERNANKE-NEWS CONFERENCE

LOW-WAGE WORKERS

WASHINGTON â¿¿ America's lower-income workers post the biggest job gains since the deep 2007-2009 recession â¿¿ but few are bragging. As a workforce sector, those earning under $35,000 annually are generally pessimistic about their finances and career prospects. Many see themselves as worse off now than during the recession, a two-part AP-NORC Center for Public Affairs Research survey of workers and employers shows. By Tom Raum and Jennifer Agiesta.

AP graphic.

With:

â¿¿ LOW-WAGE WORKERS SURVEY-METHOD â¿¿ How the survey was conducted.

CYPRUS-FINANCIAL CRISIS

NICOSIA, Cyprus â¿¿ Cyprus' government draws up a new plan to raise funds needed for the country to secure a crucial international bailout, three top government officials say. The new bill could be voted on as early as Thursday evening. Parliament had resoundingly rejected the previous plan, which involved seizing up to 10 percent of people's bank deposits. By Menelaos Hadjicostis and Elena Becatoros.

1 of 6

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
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,024.06 +183.54 1.03%
S&P 500 2,108.29 +22.78 1.09%
NASDAQ 5,005.3910 +63.9670 1.29%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs