1. Fed lifts rates, shifts language (Reuters)
Reuters - The Federal Reserve on Tuesday
lifted a key U.S. interest rate for a 13th straight time but
signaled, as one economist put it, the "beginning of the end"
of a 1-1/2 year credit-tightening campaign.
2. Stocks gain as Fed hints rates near peak (Reuters)
Reuters - U.S. stocks rose on Tuesday after the
Federal Reserve boosted interest rates but hinted that its
rate-raising campaign is nearing an end, lifting investor hopes
about economic growth.
3. Investor plan aims to revive Wendy's (Reuters)
Reuters - Billionaire investor
Nelson Peltz on Tuesday told No. 3 hamburger chain Wendy's
International Inc. that it should spin off all of its
Tim Hortons coffee-shop chain and sell its ancillary brands,
sending the company's shares to a lifetime high.
4. Analysts question Conoco/Burlington timing, cost (Reuters)
Reuters - Analysts pressed ConocoPhillips
on Tuesday on why it would spend more than $30 billion
to acquire natural gas producer Burlington Resources Inc.
at a time when gas prices are hitting record highs but
are expected to fall.
5. November retail sales fall short (Reuters)
Reuters - U.S. retail sales rose a
smaller-than-expected 0.3 percent in November but fell when
excluding a surge in auto purchases, setting the stage for what
could be a disappointing holiday shopping season, government
data showed on Tuesday.
6. Fed lifts rates, shifts language (Reuters)
Reuters - The Federal Reserve on Tuesday
lifted a key U.S. interest rate for a 13th straight time but
signaled, as one economist put it, the "beginning of the end"
of a 1-1/2 year credit-tightening campaign.
|