A new working group with officials from nine federal agencies will monitor oil and gas markets for fraud, Obama announced Thursday at a town hall meeting in Reno, Nev.
The Dow rose about 56 points, with Merck and DuPont gaining and Bank of America and Cisco falling
Greek debt crisis worsens as its interest rates soar and government prepares new spending curbs. Also on the radar: Bank of America earnings and inflation jitters.
The market rallied late in the afternoon, with the Dow closing 14 points up
A bill prohibiting the state from working with companies that don't comply with regulations on conflict minerals has passed the state Senate committee.
Smartphone apps are under investigation for the personal information they might reveal about users to advertisers and others. Pandora, an online radio service that revealed the smartphone apps investigation, said it received a subpoena.
Rep. Paul Ryan set to unveil $4 trillion in budget cuts over next 10 years, plus National Semiconductor deal and the apps grand jury.
Bernanke also says rising commodity prices will have only brief, modest effect on consumer prices. Inflation hawks at the Fed disagree with Bernanke.
Google CEO will be co-founder Larry Page, who takes over from Eric Schmidt, who becomes Google's executive chairman.
David Sokol, an executive in the Warren Buffett firm, Berkshire Hathaway, gained $3 million when the company bought a chemical firm in which he held stock. Some Wall Street experts suggest the federal government should investigate Sokol's stock trading.