PHILADELPHIA COMPANIES - Stocks turn higher as retailers advance - AOL PHILADELPHIA COMPANIES - Stocks turn higher as retailers advance - AOL

Thursday, February 5, 2009

PHILADELPHIA COMPANIES - Stocks turn higher as retailers advance - AOL

NEW YORK -Wall Street is placing bets on retailers after their monthly sales reports weren't as bad as had been expected. Stocks are higher after losing ground at the start of trading. Retailers including Wal-Mart Stores Inc. and Macy's Inc. turned in Dow Jones News >

NEW YORK : U.S. stocks gained Thursday as better-than-estimated earnings at Akamai Technologies spurred a rally in computer shares, while some regional banks climbed on expectations they'll benefit from the White House's rescue plan. Akamai, the in Dow Jones News >

A government watchdog group says the federal government overpaid for stocks and other assets from financial institutions under its $700 billion rescue program. The chairwoman of the Congressional Oversight Panel for the bailout funds told the Senate in Dow Jones News >

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