NEW YORK Dec 19 U.S. stocks opened modestly higher on Wednesday as the latest offers in ongoing budget negotiations underlined hopes for a deal, while technology shares jumped after strong results from Oracle.
The Dow Jones industrial average gained 1.19 points, or 0.01 percent, to 13,352.15. The Standard & Poor's 500 Index gained 0.61 points, or 0.04 percent, to 1,447.40. The Nasdaq Composite Index gained 5.87 points, or 0.19 percent, to 3,060.40.
Texas businessman Wyly strikes $198 million deal with SEC
NEW YORK, Oct 1 Texas businessman Sam Wyly has agreed to pay $198.1 million to resolve claims by U.S. securities regulators that he engaged in a long-running securities fraud to hide trades in companies he controlled using offshore trusts, according to a court filing.
BAE Systems to begin building new British nuclear submarines
LONDON, Oct 1 Britain's ministry of defence said on Saturday that construction work will begin on the country's new nuclear submarines, announcing nearly 1.3 billion pounds ($1.7 billion) of new investment with defence firm BAE Systems .