Wall streets biggest bank is giving new hope to bankrupt detroit. We have all that and more tonight on nightly Business Report for wednesday, may 21st. Good evening, everybody, im susie gharib. And im bill griffin, Tyler Mathisen is on assignment. Well hear from him later in the segment, but the bulls, the return on the major averages making all of tuesdays losses back and more getting a boost from the fed minutes, meaning they had most recently. They met to talk about the nations Central Banks and raising Interest Rates. But they gave no time table about when they might raise those rate itses. And with that, stocks edging into the green edged even higher. The dow up 158 points seeing its biggest oneday gain in five weeks. The nasdaq rose 34, the s p 15. While they offered no time frame on raising rates or further tapering, the stimulus plans, they did show a debate about the longterm unemployed. And one economists theory on the groups impact on the overall economy. Steve liesman has m
Multimillion dollar masterpiece. The first shots rang out at 9 52 this morning in the heart of canadas capitol erupted into chaos. A gunman on the loose. In a few hours, it was over. Police killed the suspect who was identified as Michael Zehava v overtime vo. His shooting left a sold death. Corporate nathan zerello. President obama condemned the violence, offered u. S. Assistance. Canadas Prime Minister spoke to the world. Let there be no misunderstanding. We will not be intimidated. Canada will never be intimidated. John terrett is in ottawa tonight. Good evening, john, from ottawa which at times to see has if he would more like an armed military camp than a capital city. We have had word from the authorities that Royal Canadian mounted police and the city of ottawa police, that thinks are still fluid and in flux here most of the Downtown District has now been reopened, but there is still a lockdown going on around the area that canadians know as parliamentville where the Parliament
Cigarettes, reynolds american, is in talks to buy lorillard which is valued at almost 23 early in dollars. The combined company would be a closer competitor to altria. Up. Hen cohen has paid his firm pettitte 900 Million Dollar penalty for insider trading. Sacfilm that used to be a capital was given until tuesday to pay. Palestinian militants are firing more rockets into israel and israel appears to be getting prepared for a Ground Invasion and have called 33,000 reservists. Three inch and the three infantry brigades have been deployed. Secondquarter profits rose at what is now the worlds most valuable bank, world wells fargo. But we will ask michael moore. For the full story. Credit was better than expected. A lot of people have been asking if they would still release reserves and they were able to do that. The loan growth did not keep up with the deposit growth and they have a lot of deposit wrote. It was there but it was not very robust. It surprised everybody given the sluggish eco
And good thursday morning. We begin with the new details in the terror attack on canadas capital. Investigators believe that the gunmaning acted alone when killed a soldier and opened fire inside parliament. This was the attack, members of Parliament Running to safety. It was the quick action by the sergeant at arms. All happening just 60 miles from the u. S. Border. Elizabeth herr has the latest. Reporter well, reena and t. J. , as you mentioned, police say this morning they believe they know who was responsible. But they dont know why this 32yearold committed what the Prime Minister is calling a terrorist act. A day of mayhem and fear in the halls of Canadas Parliament and on the streets of ottawa. It all began shortly before 10 00 a. M. At canadas national war memorial. A man with a rifle shot and killed Corporal Nathan cirillo who was guarding the tomb of the unknown soldier. The victim was a member of the Canadian Armed forces. It was fatal. Reporter and they were looking for the
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