IBT Staff Reporter

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Durable goods data shows manufacturing sturdy

A key gauge of U.S. manufacturing rose in March and new orders in February were stronger than initially thought, indicating a vibrant factory sector even as the economy slowed in the first quarter.

Wall Street near session highs on Fed chief's view

U.S. stocks extended gains on Wednesday, with the S&P and the Nasdaq near session highs after the Federal Reserve signaled it was willing to maintain its extensive support for the U.S. economy and corporate earnings continued to impress.

Kate Hudson announces she is engaged

Actress Kate Hudson appeared on the Today show Wednesday to promote her latest film 'Something Borrowed. During her chat with Matt Lauer she announced she is engaged to rocker Matthew Bellamy.

Wall St up after Fed decision

Stocks were higher on Wednesday after the Federal Reserve signaled that it was in no rush to scale back its extensive support for the U.S. economy.

Thousands Of Nokia Employees Laid Off

Nokia has announced 4,000 people will be without a job by the end of next year; and 3,000 more will be transferred to Accenture to help the company transition to Windows Phone 7.

China Plans Space Station By 2020

China unveiled plans for its own space station, to be completed by 2020, along with a cargo ship to ferry supplies to and from orbit.

J&J to buy Synthes for $21.6 billion

Johnson & Johnson is buying Synthes Inc , the Swiss maker of screws and plates to fix broken bones, for 19 billion Swiss francs ($21.67 billion), boosting its orthopedic business in a major realignment of the medical device sector.

Obama Speech on Long Form Birth Certificate [VIDEO]

The White House has released a copy of President Barack Obama's long form birth certificate, which the President Obtained from the State of Hawaii after persistent requests to see it and legal restrictions of the state from showing it. The following is video of the President's comments on Thursday morning

Markets flat ahead of Fed, Bernanke comments

Wall Street stocks were little changed on Wednesday as investors took a wait-and-see stance before the Federal Reserve announces its interest rate decision and discusses policies affecting the economy.

Brent oil pares gain on U.S. inventory rise

Brent oil pared gains to around $124 a barrel on Wednesday and U.S. crude fell as a big rise in U.S. inventories countered support from a weaker dollar before a Federal Reserve statement expected to keep a loose monetary policy.

Bernanke seen indicating no haste to tighten policy

Federal Reserve Chairman Ben Bernanke on Wednesday will likely use his first-ever news conference on monetary policy to hammer home the case for a patient approach to withdrawing the central bank's extensive support for the U.S. economy.

Wall Street edges higher on earnings, Fed on tap

Forecast-beating results from big U.S. corporations and expectations of more of the same easy money policies from the Federal Reserve lifted Wall Street on Wednesday, with stocks set to run higher after the S&P 500 moved above a technical resistance level.

Boeing profit tops expectations and reaffirms outlook

Boeing Co's quarterly profit rose 13 percent, topping expectations, and the company reaffirmed a full-year outlook that reflects a rebound in commercial airplane orders and resilience in the face of pressured defense budgets.

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