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Financial News

Market News from Wall Street

Stocks muster gains; Nasdaq at 18-month high
Stocks managed gains Tuesday at the end of a choppy session as investors mulled the latest corporate deal and profit news on the anniversary of the bear-market bottom.

The Dow's best performer is ...
The hottest blue chip stock this year isn't what you think. It's not a big bank on the mend, a gadget maker with a hot new product, or a retailer with soaring sales.

Oil falls as the dollar firms
Oil prices fell Tuesday as a stronger dollar overshadowed a modest advance on Wall Street.

Economy

Natural gas crystals: Energy under the sea
It looks like ice -- but this ice could one day be used to heat your home.

Budget squeeze sours jobs picture
Another big employer is hanging out the "Not Hiring" sign.

Census jackpot: $500 billion a year in U.S. aid
Federal programs will dole out more than $500 billion a year over the next decade based on data collected through the 2010 Census, according to a study released Tuesday.

Singapore Business

Singapore Refining Co to shut gasoline unit in Q2
(For refinery outages in the new Reuters Oil Fundamentals Database see http://bond.views.session.rservices.com/CE/ or go to <OFD/INFO>)

Shell, SRC to shut Singapore gasoline units
(For refinery outages in the new Reuters Oil Fundamentals Database see http://bond.views.session.rservices.com/CE/ or go to <OFD/INFO>)

Mitsui aims to restart Singapore oil trading-sources
* Expected return to city-state comes after 3-year hiatus

Business

Soaring China home prices thwart ordinary buyers (AP)
AP - The luxury apartment buildings Yang Xuhua passes on her way to work are a daily reminder of her own frustrated efforts to buy a home. Prices for even modest apartments in Shanghai have soared, putting home purchases out of reach for white collar workers and professionals.

Job openings up sharply in January to 2.7M (AP)

In this Feb. 10, 2010 photo, Mark McKenzie, of Roseville, Mich., views paperwork while attending a job fair in Detroit. Job openings rose sharply earlier this year, a sign that employers might be preparing to step up hiring.(AP Photo/Paul Sancya)AP - Job openings rose sharply earlier this year, evidence that employers are slowly ramping up hiring as the economy improves.


Obama: Greece, facing bad days, has US as ally (AP)

Treasury Secretary Timothy Geithner talks with Greek Prime Minister George Papandreou before their meeting, Tuesday, March 9, 2010, in Washington. (AP Photo/Haraz N. Ghanbari)AP - President Barack Obama stood with Greek Prime Minister George Papandreou on Tuesday and pledged that the United States would work with its ally, even as Greece's enormous debts sparked frenzied trading.


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