NEW YORK (AP) — Wall Street is testing whether it can send stocks up for two consecutive sessions, after a losing streak to begin the week. Spending cuts approved by Italy’s lower house of parliament lifted traders’ hopes about Europe’s progress toward taming its debt crisis.
WASHINGTON (AP) — House Speaker John Boehner (BAY’-nur) says his fellow Republicans are sticking with a controversial oil pipeline provision in the measure to extend the payroll tax cut and unemployment benefits. Opposition coming from President Barack Obama and congressional Democrats to that Keystone XL pipeline language has been a sticking point on the payroll tax cut legislation.
GENEVA (AP) — The World Trade Organization has agreed to let Russia become its newest member. That will give a boost to the economy of its biggest trading partner, the European Union. Russia has been working for 18 years to win the status.
WASHINGTON (AP) — The Labor Department says consumer prices were flat in November. Energy costs were down for a second straight month, offsetting rising prices for food, clothing and health care.
NEW YORK (AP) — Investors and others have played “Farmville” on Facebook, now they can play the stock of its corporate parent. Shares of online game developer Zynga start trading on the Nasdaq Stock Market.