Tuesday business briefs
Stocks surge sharply
on upbeat earnings data
Signs of a strengthening economy gave investors a surge of optimism and sent stocks sharply higher Tuesday. The Dow Jones industrials soared almost 170 points on upbeat earnings reports and corporate deals. The dollar fell as investors felt less need to stash their money in safer investments. Oil and other commodities joined stocks as the beneficiaries of the market's renewed confidence. The Dow rose 169.67 points, or 1.7 percent, to 10,268.81. The Standard & Poor's 500 index rose 19.36, or 1.8 percent, to 1,094.87, while the Nasdaq composite index rose 30.66, or 1.4 percent, to 2,214.19.- AP
'It's depressing, it's frustrating' A Newsday investigation revealed that Grumman Aerospace knew toxic chemicals were leaking into the ground in Bethpage. Newsday Associate Editor Paul LaRocco and Deputy Editor David Schwartz explain.
'It's depressing, it's frustrating' A Newsday investigation revealed that Grumman Aerospace knew toxic chemicals were leaking into the ground in Bethpage. Newsday Associate Editor Paul LaRocco and Deputy Editor David Schwartz explain.
