DAI: Dow and S&P rise on commodities and banks, but tech dips

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Good evening Postlinuxeg, TUE 08 Jun 2010    Dow and S&P rise on commodities and banks, but tech dips Rates to stay low for "some time": Fed's Evans GM recalls 1.5 million vehicles on fire risk Retail sales to show spending holding up JPMorgan hit by big coal trading losses: traders McDonald's May sales up but sees euro drag on profit Bankrupt Lehman seeks more debt of NY building April job openings at highest since late 2008 Bernanke says Europe committed to euro's survival Warren Buffett lunch bid reaches $200,100 Business Update: Bernanke's hopes Delayed Airbus military plane shows Spanish state workers strike Dow and S&P rise on commodities and banks, but tech dips June 08, 2010 04:27 PM ET NEW YORK (Reuters) - Stocks mostly rose in volatile trading on Tuesday, led by materials and financial shares, but investors shied away from big-cap technology shares on concerns about their European exposure. Full Article Rates to stay low for "some time": Fed's Evans June 08, 2010 12:41 PM ET CHICAGO (Reuters) - A top Federal Reserve official said on Tuesday high unemployment and low inflation justify holding benchmark interest rates ultra-low for "quite some time" but European debt woes are unlikely to derail the U.S. economic recovery. Full Article GM recalls 1.5 million vehicles on fire risk June 08, 2010 12:38 PM ET DETROIT (Reuters) - General Motors Co on Tuesday announced a recall of about 1.5 million trucks, crossovers and cars from model years 2006-2009 because the unit that heats the windshield washer fluid could catch fire. Full Article Retail sales to show spending holding up June 08, 2010 03:57 PM ET WASHINGTON (Reuters) - U.S. retail sales likely notched an eighth straight month of gains in May as consumers took comfort in a gradually improving job market. Full Article JPMorgan hit by big coal trading losses: traders June 08, 2010 12:35 PM ET LONDON (Reuters) - JPMorgan Chase & Co has made heavy losses from bad coal-price bets, traders dealing with the U.S. investment bank said, at a time when proprietary trading at deposit-taking banks faces increased regulatory scrutiny. Full Article McDonald's May sales up but sees euro drag on profit June 08, 2010 12:30 PM ET LOS ANGELES/DETROIT (Reuters) - McDonald's Corp reported a stronger-than-expected 4.8 percent rise in worldwide May sales at established restaurants, but said it expects a weak euro to take a bite out of full-year profits. Full Article Bankrupt Lehman seeks more debt of NY building June 08, 2010 03:33 PM ET NEW YORK (Reuters) - Lehman Brothers Holdings Inc is seeking Bankruptcy Court permission to make another $255 million debt investment in a New York office building, saying doing so would protect its existing investment. Full Article April job openings at highest since late 2008 June 08, 2010 01:10 PM ET WASHINGTON (Reuters) - U.S. businesses may have started to begin significant hiring as the number of job openings at the end of April was the highest in more than a year, a government survey showed on Tuesday. Full Article Bernanke says Europe committed to euro's survival June 08, 2010 12:34 PM ET WASHINGTON (Reuters) - European leaders are committed to ensuring the survival of the euro and have enough money to meet obligations of heavily indebted member countries, Federal Reserve Chairman Ben Bernanke said on Monday. Full Article Warren Buffett lunch bid reaches $200,100 June 08, 2010 04:14 PM ET NEW YORK (Reuters) - The top bid in an annual online auction to dine on steak with billionaire investor Warren Buffett has reached $200,100. Full Article

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