Congress nears deal on bailout, Bush calls meeting
WASHINGTON (Reuters) - Congress looked close to reaching a deal to approve a $700 billion plan to bail out the U.S. financial system and President George W. Bush called an emergency meeting for Thursday to hammer out details.
Bailout worries hit Dow, S&P, techs help Nasdaq
NEW YORK (Reuters) - The Dow and S&P 500 edged lower on Wednesday as uncertainty about when Congress might approve a proposed $700 billion financial sector bailout offset Warren Buffett's $5 billion bet on Goldman Sachs.
Goldman's shares get suspicious boost pre-Buffett
NEW YORK (Reuters) - An unusual surge in Goldman Sachs' share price in the last 10 minutes of trading on Tuesday raised eyebrows on Wall Street, as it came two hours before news of Warren Buffett's big investment in the bank.
Nike beats Street and shares rise on U.S. sales
SAN FRANCISCO (Reuters) - Nike Inc quarterly earnings beat Wall Street estimates as the world's largest athletic footwear and apparel company reported robust U.S. sales and orders growth, sending its shares up 5 percent.
Bailout plan soothes shareholders: Legg's Miller
BALTIMORE (Reuters) - Warren Buffett's $5 billion investment in Goldman Sachs shows that shaken investors have been calmed by the $700 billion U.S. financial sector bailout plan and they are reopening their wallets to the industry, fund manager Bill Miller said.
Lehman's unit sale snagged on terms: report
NEW YORK (Reuters) - The plan to sell Lehman Brothers Holdings Inc's investment-management unit has been delayed due to wrangling over how to run the business and pay fund managers, Bloomberg reported on Wednesday, citing people familiar with the talks.
Paulson gives ground, says bailout must address CEO pay
WASHINGTON (Reuters) - U.S. Treasury Secretary Henry Paulson agreed on Wednesday that a proposed $700 billion proposal to bail out financial firms must be modified to put some limits on the paychecks of executives whose firms use it.
Boeing CEO says talks with union at "standstill"
BOSTON (Reuters) - Three weeks into a strike against Boeing Co , talks between the U.S. aircraft maker and its largest union are "at a standstill," the company's chief executive said on Wednesday.
Oil falls on demand worries
NEW YORK (Reuters) - Oil dipped on Wednesday as concerns over the U.S. economy and sliding fuel demand outweighed hurricane-related supply disruptions that have pushed U.S. gasoline stockpiles to their lowest level since 1967.
Google urges pre-election FCC action on TV space: WSJ
(Reuters) - Google Inc co-founder Larry Page has urged the Federal Communications Commission to give companies unlicensed access to vacant television channels before November's presidential election, the Wall Street Journal said.
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