Business Today: Wall Street rises after five losing days, Alcoa soars

Click to View in Browser 04/11/2012 Wall Street rises after five losing days, Alcoa soars NEW YORK (Reuters) - An encouraging start to earnings season helped stocks rebound on Wednesday from five days of losses that pushed the S&P 500 below a key technical level. Energy costs stir worries in U.S. economic expansion WASHINGTON (Reuters) - U.S. economic activity kept growing moderately in the late winter months but rising energy prices were beginning to worry manufacturers and retailers across the country, the Federal Reserve said on Wednesday. J&J hit with $1.1 billion Risperdal penalty in Arkansas (Reuters) - An Arkansas state judge has ordered Johnson & Johnson to pay a $1.1 billion penalty after a jury found the company guilty of using fraudulent tactics to sell its Risperdal anti-psychotic medicine. Washington state lawmakers pass budget proposals (Reuters) - Lawmakers in Washington state passed supplemental operating and capital budgets on Wednesday that they say will preserve funding for education and launch about $1 billion in construction projects. U.S. sues Apple, publishers in e-book price scheme WASHINGTON/SAN FRANCISCO (Reuters) - Apple Inc and publishers Penguin and Macmillan have decided to fight U.S. government charges that they conspired to fix the prices of e-books, even as three other publishers agreed to a settlement aimed at lowering prices for consumers. Boeing bears down on 737 fuel-savings target (Reuters) - Boeing Co on Wednesday put some finishing touches on a make-over of its popular 737 aircraft as the U.S. planemaker battles with European arch-rival Airbus to deliver fuel savings to airlines hammered by near-record oil prices. Nokia shares tumble after loss forecast HELSINKI (Reuters) - Nokia warned its phone business would post losses in the first two quarters of this year as it struggles to revamp its product line to compete with Apple and Samsung, sending its shares 19 percent lower. Google view on mobile ads awaited at CEO's 1-year anniversary SAN FRANCISCO (Reuters) - Google Inc's advertising rates will get extra scrutiny as Wall Street ponders whether the proliferation of Internet-connected smartphones helps or hinders the money-making search engine that drives the company's profits. U.S. pick for World Bank makes case to board directors WASHINGTON (Reuters) - Jim Yong Kim, the U.S. nominee to head the World Bank, on Wednesday told the bank's board of directors that he would not hesitate to question the status quo and do his best to help the world's poorest. Sony CEO to lay out revival strategy as losses pile up TOKYO (Reuters) - Kazuo Hirai's brief honeymoon as Sony Corp's new chief has ended abruptly as the struggling electronics giant doubled its annual loss forecast, sending its shares tumbling. Related Video Trading at Noon: DOJ takes on Apple; Google preview Economy 2012: Quidsi – Can't hire fast enough Economic News Fed's Lockhart says bar still high for more easing Energy costs stir worries in U.S. economic expansion A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend