Market News Stories

How the major stock indexes fared on Friday (AP)

Written on February 11, 2012 by Editor - Stock Markets News

Stocks had their worst day of the year Friday after Greece hit a roadblock on its way to a critical bailout. The SP 500 index had its first down week of the year. The Dow Jones industrial average closed down … Continue reading →

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Summary Box: Stocks fall as Greek deal is held up (AP)

Written on February 11, 2012 by Editor - Stock Markets News

BAILOUT BLUES: U.S. stocks took their biggest slide so far this year on news that European countries that share the euro with Greece want it to make deeper spending cuts in exchange for bailout money. Stocks had risen just a … Continue reading →

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SEC looks into private equity industry practices: WSJ (Reuters)

Written on February 11, 2012 by Editor - Stock Markets News

(Reuters) – The Securities and Exchange Commission has launched an inquiry into how the private equity industry values its investments, how those investments are marketed, and other practices, the Wall Street Journal reported on Saturday. Federal regulators sent letters to … Continue reading →

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Italy doesn’t need firewalls, Europe does: Monti

Written on February 11, 2012 by Editor - Business News

NEW YORK | Fri Feb 10, 2012 7:39pm EST NEW YORK (Reuters) – Italian Prime Minister Mario Monti said Rome will not need bailout funds to overcome its debt crisis, but he reiterated that Europe should build large financial firewalls … Continue reading →

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Italy doesn’t need firewalls, Europe does: Monti

Written on February 11, 2012 by Editor - Business News

NEW YORK | Fri Feb 10, 2012 7:39pm EST NEW YORK (Reuters) – Italian Prime Minister Mario Monti said Rome will not need bailout funds to overcome its debt crisis, but he reiterated that Europe should build large financial firewalls … Continue reading →

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Anxiety over incomes hits consumer morale

Written on February 11, 2012 by Editor - Business News

By Doug Palmer WASHINGTON | Fri Feb 10, 2012 5:52pm EST WASHINGTON (Reuters) – Americans felt worse about their personal finances in early February, but rising confidence in the labor market’s prospects should help to support spending and the broader … Continue reading →

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Greece warns bailout rebels of unknown, dangerous path

Written on February 11, 2012 by Editor - Business News

By Harry Papachristou and Lefteris Papadimas ATHENS | Sat Feb 11, 2012 2:20pm EST ATHENS (Reuters) – Greek leaders told a growing band of rebellious lawmakers Saturday to back a deeply unpopular EU/IMF rescue in parliament or send the nation … Continue reading →

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Greece warns bailout rebels of unknown, dangerous path

Written on February 11, 2012 by Editor - Business News

By Harry Papachristou and Lefteris Papadimas ATHENS | Sat Feb 11, 2012 2:20pm EST ATHENS (Reuters) – Greek leaders told a growing band of rebellious lawmakers Saturday to back a deeply unpopular EU/IMF rescue in parliament or send the nation … Continue reading →

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Climax nears in Greek drama

Written on February 11, 2012 by Editor - Business News

By Richard Hubbard LONDON | Sat Feb 11, 2012 7:38am EST LONDON (Reuters) – Tortuous negotiations over a second bailout for Greece are set to come to a head on Wednesday, putting fragile market confidence to the test on the … Continue reading →

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Greece’s grim choice: deep budget cuts or default

Written on February 11, 2012 by Editor - Finance Top Stories

WASHINGTON (AP) — Why would Greece accept more pain when unemployment is at 21 percent, the economy is enduring its fifth year of recession and rioters are hurling gasoline bombs in the streets of Athens? Because the alternative might be … Continue reading →

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