BC-Business News Digest
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A selection of top photos can be found at: http://bit.ly/APTopPhotos.All times EDT. NEW THIS DIGEST: Adds: EARNS-IBM; BUDGET BATTLE-AUTO SALES; STUDENT LOANS; EARNS-EBAY; EARNS-AMERICAN EXPRESS; MADOFF FRAUD TRIAL Updates: SMALL TALK; ON THE MONEY; BUDGET BATTLE; SHUTDOWN-ECONOMY; CUBAN-INSIDER TRADING; WALL STREET; MICROSOFT-WINDOWS TUNEUP TOP STORIES: SHUTDOWN-ECONOMY WASHINGTON â¿¿ The budget agreement Congress reached Wednesday cheered investors and removed the threat of a catastrophic debt default that could have triggered another recession. Yet the temporary nature of the deal means a cloud will remain over a sluggish U.S. economy that was further slowed by the government's partial shutdown. By Christopher S. Rugaber and Ken Sweet. SENT: 930 words. With: WALL STREET NEW YORK â¿¿ Wall Street finally got the deal it's been waiting for. A last-minute agreement to keep the U.S. from defaulting on its debt and reopen the government sent the stock market soaring, pushing the Standard & Poor's 500 index close to a record high. By Steve Rothwell. SENT: 980 words, photo. Also: â¿¿BUDGET BATTLE-GLANCE â¿¿ Provisions of bill for reopening the government and averting default. GM-PICKUP TRUCK PRICES DETROIT â¿¿ Locked in a fight for supremacy in the red-hot pickup market, it may seem strange that General Motors is raising prices on the Silverado, Sierra and other trucks. Analysts say it's actually a common marketing ploy in the industry. An automaker increases prices and then boosts discounts to give customers the feeling that they're getting a deal. By Tom Krisher. SENT: 670 words, photo.
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