DAI: Wall Street rebounds as energy shares lead

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Good evening Postlinuxeg, WED 02 Jun 2010    Wall Street rebounds as energy shares lead Buffett cools on credit raters in panel grilling U.S. auto sales tick higher but caution persists Pending home sales at 6-month high Veteran traders blast market structure at SEC AT&T to end unlimited use mobile data plan Ford to eliminate Mercury brand Banks' outlook improves but still risky: agencies Wal-Mart CEO pushes for key international growth Swiss committee backs UBS deal but referendum looms Business Update: Housing support New car sales soar in Spain BP shares fall anew Wall Street rebounds as energy shares lead June 02, 2010 04:33 PM ET NEW YORK (Reuters) - Stocks rallied on Wednesday as investors rushed back into beaten-down stocks, led by energy, which bore the brunt of the sell-off a day earlier. Full Article Buffett cools on credit raters in panel grilling June 02, 2010 04:28 PM ET NEW YORK (Reuters) - The Oracle of Omaha suddenly seemed short of answers. Full Article U.S. auto sales tick higher but caution persists June 02, 2010 04:24 PM ET DETROIT (Reuters) - U.S. auto sales rose about 19 percent in May, a rebound from depressed year-earlier levels that still leaves the industry sputtering at the lowest sales rate since the 1980s more than half a year into a grudging recovery. Full Article Pending home sales at 6-month high June 02, 2010 02:28 PM ET WASHINGTON (Reuters) - U.S. pending home sales hit a six-month high in April but falling demand for home loans pointed to ebbing activity in the vital housing market due to the expiration of a popular tax credit for buyers. Full Article Veteran traders blast market structure at SEC June 02, 2010 03:27 PM ET WASHINGTON (Reuters) - Some veteran traders slammed the deep fragmentation and high trading speeds that dominate U.S. equity markets on Wednesday, with one saying that buy and sell orders are regularly "gamed," Full Article AT&T to end unlimited use mobile data plan June 02, 2010 02:44 PM ET NEW YORK (Reuters) - AT&T Inc will stop offering an unlimited pricing plan for new subscribers to its mobile data services, in a move it says will cut prices for as many as 98 percent of its customers. Full Article Ford to eliminate Mercury brand June 02, 2010 04:35 PM ET DETROIT (Reuters) - Ford Motor Co will eliminate its Mercury brand which has seen sales and investment plunge in recent years, closing out a vehicle lineup created in the 1930s by Edsel Ford, the automaker said on Wednesday. Full Article Banks' outlook improves but still risky: agencies June 02, 2010 02:32 PM ET NEW YORK (Reuters) - U.S. banks are slowly working their way through a mountain of non-performing loans from the credit crisis, but dangers still abound, two credit rating agencies said on Wednesday. Full Article Wal-Mart CEO pushes for key international growth June 02, 2010 11:46 AM ET FAYETTEVILLE, Arkansas (Reuters) - Wal-Mart Stores Co international employees have been given their marching orders from the company's chief executive: Grow, grow, grow! Full Article Swiss committee backs UBS deal but referendum looms June 02, 2010 11:35 AM ET ZURICH (Reuters) - A key Swiss parliamentary committee recommended on Wednesday parliament back a Swiss-U.S. deal to end a tax row over bank UBS , increasing the chances the deal will get through. Full Article

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