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US Geithner: Infrastructure Spending Key To Jobs, US Growth

DOW JONES NEWSWIRES WASHINGTON -(Dow Jones)- U.S. Treasury Secretary Timothy Geithner Tuesday used a visit to a fiber-optics manufacturing plant to urge Congress to pass new infrastructure spending measures. "Investments in the power grid, satellites, and the information infrastructure connecting communities and classrooms to high-speed Internet all help to keep our economy running at its full potential," Geithner said in remarks prepared for a visit to Corning Inc.'s (GLW) fiber-optics manufacturing plant in Wilmington, N.C. The Senate earlier this month voted against President Barack Obama's $447 billion package of spending initiatives and tax cuts. All Republicans voted against the bill, and two Democrats also opposed it. Senate Democrats are now moving forward with Obama's jobs plan in pieces. Lawmakers are scheduled to take up infrastructure provisions of the jobs bill next week, though approval is unlikely due to strong Republican opposition to new spending. -By Jeffrey Sparshott, Dow Jones Newswires; 202-862-9291; jeffrey.sparshott@dowjones.com

Stock News for Corning (GLW)
DateTimeHeadline
04/24/201309:59:55Correction to Corning Earnings Update
04/24/201307:59:10Corning 1st-Quarter Profit Up 4.2% on Lower Tax Expenses
03/08/201316:22:32DOJ: Corning Agrees to Settle False Claims Allegations
01/29/201308:33:49Corning's 4th-Quarter Profit Slips Though Pricing Beginning to...
11/27/201216:45:41TECH STOCKS: Corning Rallies 7%, But H-P Shares Check Techs
11/27/201213:36:29TECH STOCKS: Corning Rallies 8%, But H-P Shares Check Techs
11/27/201209:26:25U.S. HOT STOCK FUTURES: HOT STOCKS TO WATCH
11/27/201209:03:57Corning Raises 4th-Quarter Outlook for LCD and Specialty Glass...
11/09/201209:59:22Corning: $74.7 Million in Debt Principal Tendered in $75 Million...
10/31/201216:22:44FTC Places Conditions on a Corning Acquisition of Discovery Labware
10/31/201215:41:47PRESS RELEASE: FTC Puts Conditions on Corning's Proposed Purchase...
10/24/201215:30:53As Earnings Disappoint, Companies Announce Waves Of Layoffs
10/24/201208:21:10Corning 3rd-Quarter Net Down 36% on Weaker Glass Prices
07/25/201211:00:11Corning's Profit Drops 39% on Weak Glass Prices
07/25/201208:04:34Corning 2nd Quarter Profit Drops 39% On Weak Glass Prices
07/19/201216:06:20Manufacturing Taxes Hearing Bogs Down in Partisanship
05/16/201219:27:54Solar Power Market Braces For US-China Trade Case Decision
05/03/201215:55:05DuPont, Suntech, Others Create Lobby Backing Solar Energy -Bloomberg
04/25/201208:15:10Corning 1Q Net Down 38% On LCD Glass Weakness; Sees 2Q Improvement
04/21/201200:20:37MARKET SNAPSHOT: U.S. Stock Gains Hinge On Apple, Blue-chip Results

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