Stock prices are rising with investors reacting positively to some dealmaking as well as earnings news. Caterpillar shares are up after it reported results and lifted the outlook.
- President Barack Obama is expected to talk about a series of measures he wants to take without the help of Congress to aid the economy. An administration official says he'll unveil a measure to help troubled homeowners to more easily refinance their homes. He's due to speak in Las Vegas, which is among the cities hardest hit by the housing crisis.
- German lawmakers say the eurozone bailout fund will be increased to about $1.4 trillion to enable it to contain the debt turmoil that threatens to rip apart the 17-nation eurozone. Eurozone governments hope the European Financial Stability Fund, or EFSF, will be able to protect countries like Italy and Spain from being engulfed in the debt crisis.
- Honda says it has added 1,000 new workers to staff a second shift at its factory in Greensburg, Ind., where the Civic compact car is made. The added shift means the factory will increase production to 200,000 cars a year, recovering after a parts shortage caused by the Japanese quake and tsunami.
- British lawmakers vow to grill Rupert Murdoch's son James about newspaper phone hacking for a second time next month. This, as Murdoch's former right-hand man denies that he knew about the scale of the wrongdoing when he paid almost $400,000 to a reporter convicted of illegal eavesdropping.
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