Executives from major credit rating agencies on Wednesday were accused by senators of being hampered by conflicts of interest that may have contributed to the mortgage market turmoil rattling investors worldwide.
more details ...Whole Foods Market Inc. was among the stocks that drove the Standard & Poor's 500 Index higher Wednesday. RBC Capital Markets analyst Edward Aaron began coverage of Whole Foods with an "Outperform" rating on the stock, lifting shares $2.25, or 4.9 percent, to $47.97.
more details ...General Motors Corp. won its struggle to unload $51 billion in retiree health costs and improve competitiveness in the latest round of contract talks with the United Auto Workers, but not without a short-lived strike that wrung promises out of GM to keep jobs at U.S. plants.
more details ...Enriched by high oil prices, Chevron Corp. will spend up to $15 billion buying back its own stock -- a commitment that pleased shareholders and rankled critics clamoring for bigger investments in projects that might help lower energy costs.
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