 U.S. stocks falter on lingering Greek debt concernsU.S. stock indices lightened up on Monday, interrupting a multi-week uptrend.
Losses however were limited with the bulk of them clawed back in the final hour of trading.
The wrangle over... | |
 Europe slump to hit China growth, warns IMFNEW YORK - The IMF has warned of lower growth in China in view of the economic slump in Europe, and cut its forecast for the world's second largest economy this year to 8.25 per cent from 9 per cent... |
 China gives Citigroup the nod to offer credit card in ChinaNEW YORK - Citigroup's Chinese subsidiary has been granted permission to offer its credit cards in China, becoming the first US based bank and the second foreign bank to receive the nod.
Currently... |
 More consultataion on telecom charter in India neededTelecom sits on the top of the incredible India story. But the mess, evident in the award of second generation (2G) licences, shows how at least six principal characters worked overtime to deface it.... |
 Sauli Niinistoe wins Finnish presidency in landslideConservative party leader Sauli Niinistoe has won Finland's presidential election by a landslide and will become the country's first conservative president in 30 years.
Officials say Mr.... |
 Super Bowl crowds tempting to terrorists, say security officialsSecurity officials say the crowds expected in Indianapolis for the NFL's Super Bowl championship game are tempting targets for terrorists.
An operation in place to protect the Super Bowl 46 site... |
 Bristol pound to be launched on May 21BRISTOL - Hundreds of traders and business establishments have signed up for Bristol's own currency to be launched May 21, with the backing of the Bristol Credit Union, a bank run as a... |
 Greece to continue bailout talksATHENS - Greek Prime Minister Lucas Papademos has said he would continue intense talks with his coalition partners on austerity measures for a 130 billion-euro EU bailout plan second for... |
 No EU carbon tax, vows ChinaBEIJING - China's Monday asked its airlines not to pay a charge on carbon emissions imposed by the European Union (EU).
The authorities also asked the airlines not to hike freight or add other... |
| Citigroup sees rising threat of Grexit to 50 per cent over the next year and a half. That's up from their earlier call of 25 per cent to 30 per cent, and largely due to the fact that they believe the support of euro area creditors to... |
| Ex-Target website chief lands at Polaris Target.com president Steve Eastman has joined Polaris Industries Inc. The Edina-based manufacturer of snowmobiles, ATVs, and motorcycles said Eastman will run its parts, garments, and accessories... |
| 1 million could get mortgages reduced by average of $20,000; 750,000 could get $2,000 checks WASHINGTON - California and New York were considering Monday whether to join most other states in backing a long-awaited settlement with banks over foreclosure abuses. The deal would require the... |
| US stocks edge lower as talks over new Greek austerity plan drag on NEW YORK - Stock indexes are closing slightly lower as talks drag on between Greek political leaders over a fresh austerity package required for the country to get more bailout loans. President... |
| Berkeley considers pulling account out of Wells Fargo, citing its role in financial crisis BERKELEY, Calif. - Berkeley is considering taking its $350 million account out of Wells Fargo, saying the bank is partly to blame for the nation's financial crisis. The council voted last week... |
| Jack in the Box has bacon milkshakes Pig is the most consumed animal in the world, I recently read. And right now the J-in-the-B has Bacon Shakes. Introduced on Thursday, each U.S. store is getting a limited quantity... |
| Judge weighs PETA whale slavery lawsuit SAN DIEGO -; A federal judge appeared skeptical Monday of arguments that orca whales that perform at SeaWorld are being held as slaves and that their confinement violates the constitutional ban on... |
| Mall deals roundup: Forever 21, Ben Bridge, more Ben Bridge Jeweler is offering a free box of Seattle Chocolates with the purchase of a diamond pendant (like the one above in sterling silver, $99). - Ben Bridge Jeweler/courtesy... |
| Love gone wrong? Go digital to get over an ex This undated frame grab provided by WotWentWrong.com shows the company's home page on its website. Online dating sites and apps for hooking up on the go are abundant. But breakup tech... |
| Science first, then size Michael Marletta The Scripps Research Institute in La Jolla began the new year with a new president who is facing an old and daunting problem -- raising money.Michael Marletta must help Scripps... |
| NAB first quarter earnings up 8% to $1.4bn National Australia Bank's cash earnings in the first quarter of its fiscal year are up eight per cent but the bank says higher funding costs are impacting its... |
| Microsoft Relieves Start Button Of Its Duties In Windows 8 According to a recent report by The Verge, Microsoft will be removing its iconic Start button in its Windows 8 operating system. The report said that screen shots in the ';Consumer... |
| After Hours: Yum, Coinstar results set for after-hours release LOS ANGELES (MarketWatch) -- Wall Street late Monday will look for an increase in quarterly earnings and sales at fast-food company Yum Brands Inc., while lower earnings and higher revenue are... |
| Wall Street’s Secret Spy Center Run by NYPD Counterpunch February 6, 2012 On September 25, 2011, just eight days after the Occupy Wall Street protests began in Zuccotti Park in lower Manhattan, the much acclaimed CBS News program, 60 Minutes,... |
| Disbelief as Greek politicians delay deal on €130bn rescue package Greece appeared intent on taking make-or-break talks over a EUR130bn (108bn) rescue programme for the debt-choked country down to the wire tonight as officials announced that the discussions would be... |
| Gordon Brown did not save the world but he saved the UK | Aditya Chakraborrty "We not only saved the world ..." , before being drowned out by derision from the MPs opposite.Cue Lord of the Flies-style baiting from David Cameron's Tories. Cue insta-comment from... |
| The NHS bill could finish the health service – and David Cameron | Polly Toynbee David Cameron and his health secretary, Andrew Lansley, meet nurses during a visit to the Royal Salford Hospital in Manchester on 6 January. Photograph: John... |
| Profits at Zaha Hadid Architects hit by Arab Spring disruptions Zaha Hadid Architects more than halved last year as the Arab spring brought several major projects to a halt. A conference centre and a complex of offices and shops in Cairo were put on hold, as was... |
| Banks' response to Project Merlin commitments on lending and bonuses Project Merlin was finally agreed between the banks and the government . It was intended to cool the political temperature in the banking industry but instantly led to a high profile resignation -... |
| Canada Scowls, Indiana Cheers Over Caterpillar Moves Caterpillar has caused an uproar in Canada with a controversial plant closing. But the company attracted so many people to an Indiana jobs fair that the event had to be shut down earlier than... |
| Microsoft drops Start button from Windows 8, reports say Computerworld - Microsoft will scratch the 17-year-old Start button from Windows 8, according to reports based on a purported leak of the latest beta build. First reported... |
| Kelihos botnet still dead, say Microsoft, Kaspersky Contrary to reports, the Kelihos botnet has not crawled out of the grave, Microsoft said last week. But the company acknowledged that a new botnet is being assembled using a variant of the original... |
| Investors Wary of Stocks Are Flocking to High-Yield Bonds Investor demand has surged for so-called junk bonds, or fixed-income securities that don't have the B-level or better ratings that Treasurys, municipals and top-flight corporates carry. In fact,... |
| Weak Demand Keeps Lid on US Oil Prices , while West Texas Intermediate (WTI) crude declined on the Nymex and was trading around $97 per barrel. "I don't think the market is taking (the sanctions) that seriously," said... |
| Banks Already Slipping Under New Capital Reguirements Credit Agricole is planning on major changes to the way it operates in order to avoid new capital requirements being imposed by global financial regulators. In his first interview with an... |
| $25 Billion Mortgage Settlement—Who Gets What The Obama administration's announcement that it is broadening its mortgage modification program is all about getting Fannie Mae and Freddie Mac's regulator to agree to principal reduction,... |
| China Sets Plans to Launch a Junk Bond Market Soon: Report China may launch a junk bond market as early as this month or next, local media said on Monday, a move that will expand access to credit for small, private firms that currently find it difficult to... |
| Jobs Number Ignites Debate on Fed Outlook Discussing whether QE3 is needed and whether Friday's jobs numbers will change the Fed outlook, with with Alfred Broaddus, former Richmond Federal Reserve president and CNBC's Steve... |
| Non-Biz: Aussie Police Led on a Wild Goat Chase The day's non-business news, including Australian police trying to catch a loose goat in Melbourne; security camera footage of a baby stroller rolling onto the train tracks; and a pack of... |
| Obama Orders Stricter Sanctions On Iran "I have determined that additional sanctions are warranted, particularly in light of the deceptive practices of the Central Bank of Iran and other Iranian banks to conceal transactions of... |
| JPMorgan Settles Overdraft Fee Case for $110 Million and several smaller lenders in settling their portion of the nationwide litigation. Consumers had accused more than two dozen lenders of routinely processing transactions from largest to smallest... |
| Fred Dunbar, Securities Expert at NERA Consulting, Dies at 67 Feb. 6 (Bloomberg) -- Fred Dunbar, an oft-cited specialist on damages in securities lawsuits who helped lead NERA Economic Consulting for 30 years before joining the Securities and Exchange... |
| Texas Redistricting Compromise May Let April Primary Proceed Feb. 6 (Bloomberg) -- Texas reached an agreement with the Texas Latino Redistricting Task Force over interim maps for the districts of state and federal lawmakers, state Attorney General Greg Abbott... |
| Eastwood Heralds Detroit’s Revival in Chrysler Super Bowl Ad Feb. 6 (Bloomberg) -- Clint Eastwood, whose "Gran Torino" film focused on the heroics of a retired Detroit auto worker, returned to that theme in a two-minute Super Bowl commercial for... |
| Chanel’s Wertheimers Seduce With Lush 2009 $100 Margaux: Wine Feb. 6 (Bloomberg) -- Karl Lagerfeld provoked both boos and cheers for his rustic sketch of Chateau Rauzan-Segla on the 2009 label of the Bordeaux estate, celebrating its 350th anniversary. The wine... |
| Russia Aims to Prod Syria’s Assad After Blocking UN Resolution Feb. 7 (Bloomberg) -- Russia will seek to prod President Bashar al-Assad toward a political settlement at talks in Damascus after blocking United Nations action over his 11-month- old... |
| Hyundai-Kia Growth Pared in Collision at Same Price Points: Cars The two Seoul-based companies sold a record number of vehicles in 2011 and their shares outperformed all other major carmakers. With both Hyundai and Kia increasingly fighting for customers at all... |
| Former Alcoa president dies at 83 Follow this company . He started his career at Alcoa in 1952 as a sales trainee and worked throughout the country as an Alcoa sales representative. He held a number of posts at Alcoa before... |
| Honeywell names Best Buy in suit over cutting-edge themostat Honeywell International Inc. on Monday filed a patent infringement lawsuit against Nest Labs Inc. and Best Buy Co. Inc., which sells a Nest thermostat that competes with... |
