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BC-Business News Digest

Business News at 6:00 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@ap.org or call 877-836-9477.

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All times EST.

NEW THIS DIGEST:

Adds: BERKSHIRE HATHAWAY INVESTMENTS; HEALTH OVERHAUL-Q&A ; HEINZ CUTS; TRANSPORTING OIL; MCDONALD'S COFFEE

Updates: WALL STREET; EARNS-NORDSTROM; GOOGLE-GOVERNMENT REQUESTS; OIL PRICES; GAMES-NEW CONSOLES; OBAMA

TOP STORIES:

YELLEN

WASHINGTON a¿¿ Janet Yellen made it clear that she's prepared to stand by the Federal Reserve's extraordinary efforts to pump up the economy when she's chairman, if that's what it needs. During a two-hour confirmation hearing, Yellen embraced her so-called "dovish" reputation and expressed strong support for the Fed's low interest-rate policies. Yellen drew praise from senators in both parties during the hearing and is expected to be confirmed by the full Senate, becoming the first woman to lead the powerful central bank. By Martin Crutsinger. SENT: 960 words, photos.

EARNS-WAL-MART

NEW YORK a¿¿ Wal-Mart shoppers a¿¿ like many Americans a¿¿ are still struggling. Their bills are going up, but their wages are not a¿¿ and some are concerned about losing food stamps. Rather than stock up on everything at Wal-Mart like they used to, they're scouring websites, dollar stores and wherever else they can to find the lowest prices possible for food and household goods. These are the reasons the world's largest retailer cut its annual outlook for the second time in three months. By Anne D'Innocenzio. SENT: 730 words, photo.

EUROPE-ECONOMY-VITAL SIGNS

LONDON a¿¿ The 17-country eurozone has just emerged from recession. Yet already, its recovery is faltering. Figures show that the currency union's economy barely grew last quarter. Record-high unemployment is keeping consumer spending weak, a stronger euro is slowing exports, heavily indebted governments need more support and low inflation is causing concern. At the same time, sharp disparities divide the eurozone's major nations: Germany, for example, is thriving, in part at the expense of Italy and others. By Pan Pylas. SENT: 1,140 words, photos.

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