Alphiniqia News Agency

Twitter users not so social after all
Twitter may be a fast-growing social network, but most of its 50 million accounts merely follow other users rather than posting their own messages.... more...

Oil rises after inventory report
Oil prices rose Wednesday as the government's weekly inventory report showed a smaller than expected increase in oil supplies and a dip in gasoline inventory.... more...

Stocks post modest gains
Stocks rose Wednesday, with the Nasdaq ending at its highest level in more than 18 months, on strength in the financial services sector and an upbeat report on wholesale inventories.... more...

Banks, tech lead Wall Street higher
NEW YORK (Reuters) - Bank and technology shares lifted Wall Street on Wednesday on hopes the sectors may be poised for a recovery as the U.S. economy improves. ... more...

Lawsuits, poker and the death of a boutique bank
NEW YORK (Reuters) - In September 2008, as Lehman Brothers was breaking into a million pieces, a young investment bank was pushing up through the rubble. ... more...

Geithner vows to continue financial stabilization
WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner on Tuesday said the Obama administration's strategy to halt recession and contain the financial crisis has been effective, but vowed to conti... more...

Senate passes $149 billion for jobless aid, tax breaks
WASHINGTON (Reuters) - The Senate on Wednesday approved a $149 billion package of jobless aid and tax breaks as Democrats continued efforts to bring down the 9.7 percent unemployment rate before the N... more...

BofA overdraft fee change will bring lower revenue
CHARLOTTE, North Carolina (Reuters) - Bank of America Corp Chief Executive Brian Moynihan said on Wednesday the company's decision to eliminate overdraft fees on debit card transactions will "give up... more...

GM CEO says on track for pre-June loan repayment
SAN ANTONIO (Reuters) - General Motors Co will pay back roughly $8 billion in debt to the United States and Canada before June, its chief executive said on Wednesday, more quickly than the automaker ... more...

Walmart returns items to shelves after lost sales
SAN FRANCISCO (Reuters) - Wal-Mart Stores Inc has put roughly 300 items back on its U.S. store shelves after the retailer said it "disappointed" customers by not stocking certain products. ... more...

Wider "Volcker rule" bill unveiled in Senate
WASHINGTON (Reuters) - Legislation that would write into law and widen the proposed "Volcker rule" to limit proprietary trading was unveiled in the U.S. Senate on Wednesday with the support of five De... more...

Wholesale inventories fall, restocking expected
WASHINGTON (Reuters) - U.S. wholesale inventories fell unexpectedly in January and sales hit their highest in more than a year, suggesting businesses will soon need to begin restocking, which would su... more...

A decade later, lessons in the Nasdaq collapse
SAN FRANCISCO (Reuters) - Ten years ago today, before the dot-com bubble burst, the Nasdaq composite index hit a record 5,132.52 points -- a peak that the technology-heavy market shows no sign of scal... more...

Jobless claims bill OK'd by Senate
The Senate on Wednesday approved a wide-ranging bill that would push back the deadline to file for extended unemployment insurance until year-end and extends dozens of expired tax breaks.... more...

Record monthly deficit for U.S.: $221 billion
The United States dropped a record $220.9 billion further into the red in February, the Treasury Department reported Wednesday.... more...

Airline stocks take off
Airline stocks rallied Wednesday, riding a wave of investor sentiment that 2010 is shaping into a profitable year for the industry, experts say.... more...

Treasurys dip as $21B auction sees big demand
Treasurys traded lower Wednesday as stocks advanced slightly and a government auction of $21 billion in 10-year notes generated strong demand.... more...

Royal Dutch Shell halts gasoline sales to Iran
Royal Dutch Shell has stopped selling gasoline to Iran, the company confirmed Wednesday, adding to a list of oil giants that have stopped sales after a threat of future U.S. sanctions.... more...

Welcome to the United States of Iceland
It's time to start paying attention to the financial sinkhole that Iceland is trying to climb out of -- the view from inside of it is eerily similar to our own.... more...

Citi, AIG, Fannie and Freddie: The Not Fab 4
Investors had a funny way of commemorating the first anniversary of the market's bottom on Tuesday. They rewarded some of the stocks responsible for most of the problems in the first place.... more...