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With sparse data, focus returns to Europe
(Reuters)
5 Feb 2012 at 9:24am
Reuters - Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction.
Euro zone insists no Greek rescue without reforms
(Reuters)
5 Feb 2012 at 6:15am
Reuters - Euro zone finance ministers told Greece it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed to implement reforms to secure a second financing package from the euro zone and the IMF.
Glencore, Xstrata hammering out final deal details
(Reuters)
5 Feb 2012 at 7:02am
Reuters - Top executives at trader Glencore and miner Xstrata are hammering out the final details of an $80 billion tie-up to seal the industry's largest ever takeover, which could be announced as early as Tuesday.
Europe's shadow darkens outlook
(Reuters)
5 Feb 2012 at 12:35pm
Reuters - A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report.
Greece on "knife edge" in push to agree bailout
(Reuters)
5 Feb 2012 at 9:22am
Reuters - Greece's prime minister scrambled Sunday to convince lenders and politicians to sign off on a 130 billion euro rescue, after his finance minister said just hours remained to clinch a deal to avoid a messy default.
Markets rally after forecast-busting US jobs data
(AP)
3 Feb 2012 at 6:42am
AP - Stocks spiked sharply higher on Friday after forecast-busting U.S. jobs figures reinforced hopes that the recovery in the world's largest economy is gathering pace at a time when other regions, notably Europe, may be heading back into recession.
Oil prices rise after drop in US hiring expands
(AP)
3 Feb 2012 at 12:56pm
AP - A surge in U.S. hiring lifted oil prices for the first time in a week. As more Americans commute to work and the economy picks up, demand for energy is expected to rise.
Aon Q4 profit rises, but margin pressures persist
(Reuters)
3 Feb 2012 at 7:54am
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.
Conservative wins Finland presidential vote
(AP)
5 Feb 2012 at 1:41pm
AP - A former finance minister won Finland's presidential election Sunday and will become the country's first conservative head of state in five decades.
New York sues banks over electronic mortgage system
(Reuters)
3 Feb 2012 at 2:54pm
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.
Greek crisis talks for debt deal pushed to Monday
(AP)
5 Feb 2012 at 12:08pm
AP - Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government were suspended and will continue Monday.
Euro zone sales tumble at Christmas, no sign of growth
(Reuters)
3 Feb 2012 at 3:38am
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.
Romney focuses on Obama, Gingrich on Romney in NV
(AP)
3 Feb 2012 at 3:35pm
AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.
Sierra Club Received Millions from Natural Gas Industry
(ContributorNetw...
5 Feb 2012 at 1:26pm
ContributorNetwork - According to a blog post from Sierra Club Executive Director Michael Brune, the environmentalist organization accepted millions of donated dollars from the natural gas industry to fight against coal-fired plants nationwide. Here are the details.
Palestinians call for PM's fall over taxes
(AP)
4 Feb 2012 at 4:27am
AP - Hundreds of Palestinian protesters have called for their prime minister's resignation over recent tax and price increases.
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