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Wednesday, January 23, 2013

Business Today: Wall Street up on tech earnings, S&P index knocks on 1,500

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01/23/2013
Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between
Wall Street up on tech earnings, S&P index knocks on 1,500
NEW YORK (Reuters) - Stocks advanced on Wednesday, with the S&P 500 inching up for a sixth day in a row, as stronger-than-expected profits at IBM and Google helped alleviate investor concerns about the tech sector.
Debt limit extension bill passes House
WASHINGTON (Reuters) - The House of Representatives on Wednesday passed a Republican plan to allow the federal government to keep borrowing money through mid-May, clearing it for fast enactment after the top Senate Democrat and White House endorsed it.
Still no timetable for returning Boeing 787 to flight
TOKYO/WASHINGTON (Reuters) - Japanese regulators have joined their U.S. counterparts in all but ruling out overcharged batteries as the cause of recent fires on the Boeing Co 787 Dreamliner, which has been grounded for a week with no end in sight.
Options market sees big move in Apple shares after earnings
NEW YORK/CHICAGO (Reuters) - The options market is bracing for a big move in Apple shares after it posts earnings on Wednesday amid what has been a dramatic plunge for the world's most valuable publicly traded company.
Manufacturers say demand up after fiscal cliff fight
BOSTON (Reuters) - Top U.S. manufacturers sounded a confident note about their expectations for 2013 on Wednesday as fears of the year-end "fiscal cliff" faded into memory.
For Japan's ANA, Boeing 787 grounding may dent growth plan
TOKYO (Reuters) - All Nippon Airways , which currently has the biggest fleet of Boeing Co 787 Dreamliner jets, may have to scale back its next 2-year plan as it weighs the mounting cost of the new aircraft's grounding.
McDonald's says January restaurant sales will fall
(Reuters) - McDonald's Corp on Wednesday forecast a decline in global restaurant sales for January, as it and other fast-food chains fight for customers who are spending cautiously during continued economic uncertainty.
World economy set for slightly brighter year: Reuters polls
LONDON (Reuters) - The world economy should perform slightly better this year because recovering growth in Asia will gradually overpower the political and economic malaise in the West, according to Reuters polls.
China's tainted chicken scare hit McDonald's sales: CEO
(Reuters) - Scares over the safety of China's chicken supply are taking a small bite out of McDonald's Corp's sales in that country, executives for the fast-food chain said on Wednesday.
GM's North American chief considered for CEO job in 2010: book
DETROIT (Reuters) - General Motors Co's North American president, Mark Reuss, was considered for the top job at the U.S. automaker in 2010 before his lack of seasoning led the board to the current chief executive, Dan Akerson, according to an excerpt from a forthcoming book by GM's former CEO, Ed Whitacre.
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