DAI: Wall Street slides as BP plunge hurts sentiment

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Good evening Postlinuxeg, WED 09 Jun 2010    Wall Street slides as BP plunge hurts sentiment Bernanke says recovery on track but jobs to lag Economy improving modestly: Fed's Beige Book Goldman sued by hedge fund over notorious CDO deal Volcker upbeat on "reasonable" reform bill Google protests Apple's iPhone developers agreement BP shares fall 15 percent in New York trade CVS hits back at Walgreen PersonalFinance: The rising price of raising kids Buffett lunch draws $700,100 bid as pace quickens Rebound on track, but slow-Bernanke Tutu tough for ballet students Macau continues to bet on casinos Wall Street slides as BP plunge hurts sentiment June 09, 2010 04:32 PM ET NEW YORK (Reuters) - Stocks fell on Wednesday in another late-day roller-coaster ride, dragged lower by BP and other energy shares as the U.S. probe of the oil spill in the Gulf of Mexico deepened. Full Article Bernanke says recovery on track but jobs to lag June 09, 2010 04:14 PM ET WASHINGTON (Reuters) - Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economic recovery was on a solid footing but cautioned it could be years before the jobs lost during the deep recession of 2008-2009 are restored. Full Article Economy improving modestly: Fed's Beige Book June 09, 2010 02:23 PM ET WASHINGTON (Reuters) - Economic activity improved nationwide last month, but worries about Europe's debt crisis dented confidence, the Federal Reserve said in its Beige Book collection of anecdotal reports. Full Article Goldman sued by hedge fund over notorious CDO deal June 09, 2010 04:24 PM ET NEW YORK (Reuters) - An Australian hedge fund is suing Goldman Sachs Group Inc over an investment in a subprime mortgage-linked security that contributed to the fund's demise in 2007. Full Article Volcker upbeat on "reasonable" reform bill June 09, 2010 03:43 PM ET MONTREAL (Reuters) - There is a good chance that a sweeping U.S. financial reform bill will be passed in a "reasonable form," White House economic adviser Paul Volcker said on Wednesday, and said the bill could provide a basis for international coordination on coherent legislation. Full Article Google protests Apple's iPhone developers agreement June 09, 2010 02:44 PM ET SAN FRANCISCO (Reuters) - Google Inc said on Wednesday recent changes to Apple's developers agreement would effectively cripple Google's advertising tools for the iPhone, creating "artificial" barriers to competition. Full Article BP shares fall 15 percent in New York trade June 09, 2010 04:33 PM ET NEW YORK (Reuters) - BP shares trading on U.S. exchanges fell more than 15 percent to a 14-year low on Wednesday on growing worries about the costs the oil company will incur after the Gulf of Mexico oil leak. Full Article CVS hits back at Walgreen June 09, 2010 04:18 PM ET NEW YORK (Reuters) - CVS Caremark Corp will remove Walgreen Co from its pharmacy benefits management network in retaliation for Walgreen's decision to stop filling prescriptions for new CVS Caremark business. Full Article PersonalFinance: The rising price of raising kids June 09, 2010 04:17 PM ET (Linda Stern is a freelance writer. Any opinions in the column are solely those of Ms. Stern. You can follow Linda Stern's financial notes on Twitter at http://www.twitter.com/lindastern) Full Article Buffett lunch draws $700,100 bid as pace quickens June 09, 2010 04:23 PM ET NEW YORK (Reuters) - Someone has bid $700,100 to dine with billionaire investor Warren Buffett in an annual charity auction, putting the bidding far ahead of last year's level. Full Article

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