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AP – World markets mostly rose Wednesday on hopes that the U.S. economic recovery will gather pace, helping corporate earnings and easing some of the stress generated by Europe’s debt crisis.

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AP – FED: The Federal Reserve said Wednesday the economy was likely to expand modestly over the next two years. But Fed Chairman Ben Bernanke cautioned that the pace of economic growth will likely be “frustratingly slow.”

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AP – Companies have withdrawn initial public offerings this month at a pace not seen since December 2008. Only four have dared go public during three weeks marked by wild price swings and more than 10 percent declines in the major stock indexes.

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AP – The stock market stumbled again Tuesday and is on pace for its longest losing streak in two years.

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Reuters – Stocks gained on Friday after data showed the pace of growth in the U.S. manufacturing sector picked up for the first time in four months in June.

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Reuters – Stocks rose on Tuesday on optimism the Greek parliament would adopt an unpopular austerity plan, easing concerns about a default, and as the pace of decline in U.S. home prices moderated.

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AP – Hopes that Greece will get a second bailout boosted market sentiment around the world on Friday, a day after stocks and the euro plunged on fears over the pace of the global economic recovery.

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AP – MIXED PICTURE: A survey released by the Federal Reserve showed that the pace of recovery is uneven across the country. While seven of the Fed’s 12 districts reported steady gains, the economy stalled in the New York, Philadelphia, Atlanta, and Chicago regions,.

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