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2012-02-03 19:58

Aon Q4 profit rises, but margin pressures persist (Reuters)

Reuters - Aon Corp posted a higher quarterly profit that narrowly beat market estimates, but the world's largest insurance broker continued to face margin pressures in its Aon Hewitt segment for the second-straight quarter.

2012-02-03 19:50

Factory orders up, business spending rises (Reuters)

Reuters - New orders for U.S. factory-made products posted a second straight monthly rise in December and business capital spending also picked up, a government report on Friday showed.

2012-02-03 19:49

Goldman to face mortgage debt class-action lawsuit (Reuters)

Reuters - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender.

2012-02-03 19:45

Jobless rate at three-year low as payrolls surge (Reuters)

Reuters - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.

2012-02-03 19:44

New York sues banks over electronic mortgage system (Reuters)

Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices, including false documents in foreclosure proceedings.

2012-02-03 19:39

Snap analysis: U.S. job creation accelerates broadly (Reuters)

Reuters - U.S. job creation is accelerating throughout the economy, giving President Barack Obama's reelection bid a boost and increasing the chances the jobless rate could improve faster than the Federal Reserve expects.

2012-02-03 19:34

NYSE, Deutsche Boerse call off merger on EU block (AP)

AP - The New York Stock Exchange and German exchange Deutsche Boerse called off their planned merger Thursday, a day after the European Union said it would block the union because of concerns about a monopoly.

2012-02-03 19:25

Oil risks fuelling flames of Sudan conflict (Reuters)

Reuters - South Sudan's oil minister was riled when he discovered production from one of his remote oil fields was out by 40,000 barrels per day, and immediately knew who to blame.

2012-02-03 19:23

Arizona Senate approves motion picture tax credit (AP)

AP - The Arizona Senate has approved a bill creating a tax credit for motion picture production in the state.

2012-02-03 19:17

Euro zone sales tumble at Christmas, no sign of growth (Reuters)

Reuters - Retail sales in the euro zone tumbled unexpectedly in December, the biggest drop in the Christmas period in three years, data showed on Friday, with rising joblessness and stubborn inflation undercut signs of a stabilization in Europe's economy.

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