China Steps Up Housing Support

A local unit of drugmaker GlaxoSmithKline has a central role in a $200 million public-private project announced Wednesday to develop antibiotics against biological terrorism and treat drug-resistant infections in health-care settings around the world.

A former manager at Chickie's & Pete's sports bar in Egg Harbor, N.J., has filed a whistle-blower lawsuit against the sports bar chain, saying she was fired when she complained that its pay practices were illegal.

On the Associated Press list of 10-best paid CEOs of 2012 - the exclusive club inside an already-exclusive club - half are in the entertainment and media industry, according to executive pay research firm Equilar.

NEW YORK -- Hewlett-Packard the PC and printer maker, posted earnings on Wednesday that beat Wall Street expectations. HP reported earnings of 87 cents a share in the first quarter on revenue of $27.6 billion. Analysts were looking for profit of 82 cents a share on sales of $28.36 billion. "We beat the upper end of our non-GAAP diluted EPS outlook for the quarter by $0.05 per share, driven by better than expected performance in Enterprise Services and Printing, coupled with the accelerated capture of restructuring savings and improvement in our operations," said Meg Whitman, HP president and CEO, in a statement.. Click to view a price quote on HPQ. Click to research the Computer Hardware industry.

NEW YORK (TheStreet) -- It's no secret that the bull market over the last several years has been fueled by the loose monetary policies and aggressive quantitative easing of the Federal Reserve. Investors around the globe closely monitor every word of Fed Chairman Ben Bernanke's speeches in order to divine the next big opportunity in their investment portfolios. Often his remarks have an immediate and profound effect on major markets, which is why it is important to pay close attention to key segments of the economic landscape. From my own experience watching the markets and trading for my clients' portfolios, I have often seen big moves made in a very short time, based on even the hint of a policy shift from the Fed. These swift swings can be either positive or negative for your portfolio, depending on your asset allocation and response to change. By monitoring these four ETFs you can get ahead of the curve and potentially avoid any long-term pitfalls on the road to prosperity. Stocks Click to view a price quote on SPY. Click to research the Financial Services industry.