News

Greek debt talks drag on, banks signal progress (AP)

Wed, 08 Feb 2012 00:59:36 +0100

AP - Greece's private creditors signaled progress late Tuesday in a bond-swap deal but crucial debt negotiations over another round of austerity measures dragged into another day.

Greek parties delay bailout talks despite EU threats (Reuters)

Wed, 08 Feb 2012 00:53:41 +0100

Reuters - Greek political parties delayed yet again on Tuesday making the tough choice of accepting painful reforms in return for a new international bailout to avoid a chaotic default, seemingly deaf to EU warnings that the euro zone can live without Athens.

Analysis: Banks largely reserved for U.S. mortgage pact cost (Reuters)

Wed, 08 Feb 2012 00:51:54 +0100

Reuters - As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.

Coca-Cola beats Street, eyes cost savings (Reuters)

Wed, 08 Feb 2012 00:51:15 +0100

Reuters - Coca-Cola Co reported better-than-expected quarterly results and announced a new cost-savings program that it will use to boost its brands and mitigate higher commodity costs.

Oil prices climb as Iran threatens EU supply cut (AP)

Wed, 08 Feb 2012 00:43:55 +0100

AP - Oil prices climbed above $98 per barrel Tuesday after Iran again threatened to cut off supplies to Europe. Here's how energy prices traded.

Toyota lifts profit forecast as disaster woes fade (AP)

Wed, 08 Feb 2012 00:39:30 +0100

AP - Toyota's quarterly profit slid 13.5 percent on production setbacks caused by last year's tsunami disaster and the flooding in Thailand, but Japan's top automaker raised its annual earnings forecast, saying a recovery is on track.

U.S. Companies 'Yammer' for a Productivity Revolution (ContributorNetwork)

Wed, 08 Feb 2012 00:39:30 +0100

ContributorNetwork - SAN FRANCISCO -- In a pleasant surprise, the Department of Labor has reported an another increase in total nonfarm employment. The U.S. added 243,000 jobs in January, ticking the unemployment rate to 8.3 percent.

Payroll tax cut talks adrift on Capitol Hill (AP)

Wed, 08 Feb 2012 00:31:36 +0100

AP - The prospects for an extension of President Barack Obama's signature payroll tax cut, once considered a slam dunk on Capitol Hill, now seem far less certain as House-Senate talks have deadlocked over finding ways to pay for it.

More US states to join foreclosure-abuse deal (AP)

Wed, 08 Feb 2012 00:30:26 +0100

AP - Arizona, Michigan and Florida, three of the states hit hardest by the housing crisis, will join a nationwide settlement over foreclosure abuses, officials with direct knowledge say. They will join more than 40 other states in approving a deal that would benefit many Americans who lost their homes or can't afford their mortgages.

Disney revenue short of expectations, shares slip (Reuters)

Wed, 08 Feb 2012 00:27:28 +0100

Reuters - Walt Disney Co reported a quarterly revenue increase that fell short of Wall Street expectations as media networks and theme parks gained but revenue at its movie studio declined.