|
Wed, 22 Feb 2012 17:40:28 GMT
|
 Reuters - U.S. stocks fell on Wednesday with the S&P 500 stalled near a 10-month-old high after weak data on Europe's business activity raised concerns about a recession.
|
|
|
|
Wed, 22 Feb 2012 14:04:45 GMT
|
Reuters - Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden. |
|
|
|
Wed, 22 Feb 2012 15:43:46 GMT
|
 Reuters - U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a nascent housing recovery.
|
|
|
|
Wed, 22 Feb 2012 15:17:02 GMT
|
Reuters - Citigroup Inc and UBS AG , in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world's biggest banks manipulated a global benchmark interest rate, according to people familiar with the situation. |
|
|
|
Wed, 22 Feb 2012 16:17:14 GMT
|
Reuters - JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities. |
|
|
|
Thu, 16 Feb 2012 22:38:42 GMT
|
Reuters - Exchange operator Nasdaq OMX is trying to gain support for a legislative proposal that would give it a competitive edge over both rival exchanges and banks that operate anonymous trading venues known as "dark pools." |
|
|
|
Tue, 21 Feb 2012 23:19:14 GMT
|
Reuters - European Union leaders will call at a summit next week for the world's 20 biggest economies (G20) to agree in April to substantially boost funds available to the International Monetary Fund, draft conclusions of the meeting showed. |
|
|
|
Wed, 22 Feb 2012 14:03:17 GMT
|
AP - MGM Resorts International narrowed its loss in the fourth quarter, as revenue climbed and occupancy improved at its Las Vegas Strip properties. |
|
|
|
Wed, 22 Feb 2012 16:39:56 GMT
|
AP - Greece scrambled Wednesday to push through a batch of emergency laws that will further cut incomes and state spending, a day after securing a new bailout and debt relief deal designed to stave off bankruptcy. |
|
|
|
Wed, 22 Feb 2012 12:40:35 GMT
|
AP - The government's new consumer-watchdog agency is launching a probe into costly overdraft fees charged by big banks. |
|
|
|
Wed, 22 Feb 2012 12:25:36 GMT
|
AP - Greece's lawmakers are to vote on a bill detailing euro3.18 billion ($4.2 billion) worth of austerity measures, as part of a second euro130 billion ($171 billion) bailout package and euro107 billion ($141 billion) debt relief deal with private creditors. |
|
|
|
Tue, 21 Feb 2012 22:42:48 GMT
|
 AP - A strong holiday shopping season and hearty online sales pushed Macy's Inc.'s fourth quarter net income up 12 percent. That topped Wall Street's expectations, and the department store chain's stock hit a 52-week high.
|
|
|
|
Wed, 22 Feb 2012 17:36:34 GMT
|
AP - The housing market is flashing signs of health ahead of the spring-buying season. |
|
|
|
Wed, 22 Feb 2012 16:50:52 GMT
|
 AP - A four-day rise in oil prices has stalled following a weak report on Chinese manufacturing and lingering concerns about Greece's bailout.
|
|
|
|
Wed, 22 Feb 2012 17:34:19 GMT
|
Reuters - President Barack Obama launched a dialogue with corporate America on Wednesday over business tax reform, offering his first clear plan to cut the corporate tax rate, with little prospect of it becoming law in an election year. |
|
|
|
Wed, 22 Feb 2012 17:07:59 GMT
|
AP - Ford Motor Co. will pump $3.8 billion into its global pension plans this year as it tries to get them closer to fully funding their obligations. |
|
|
|
