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Business

Stcok futures little changed ahead of jobless claims data (Reuters)
Thu, 23 Feb 2012 12:57:56 GMT   

Traders work at the Knight Capital kiosk on the floor of the New York Stock Exchange, February 21, 2012. REUTERS/Brendan McDermidReuters - Stock index futures were little changed on Thursday ahead of a report on the U.S. labor market as initial enthusiasm over solid German data waned.


 
Greece readies debt swap under bailout deal (Reuters)
Thu, 23 Feb 2012 11:37:04 GMT   
Reuters - Greece's parliament was expected to endorse a debt swap with private bondholders on Thursday that forms the core of its 130-billion-euro bailout, despite new protests against tough budget cuts demanded in return for the rescue deal.
 
Euro zone economy to shrink in 2012 (Reuters)
Thu, 23 Feb 2012 11:10:57 GMT   
Reuters - The euro zone's economy is heading into its second recession in just three years, while the wider European Union will stagnate, the EU's executive said on Thursday, warning that the currency area has yet to break its vicious cycle of debt.
 
HP shares fall on sharp profit decline (Reuters)
Thu, 23 Feb 2012 12:07:38 GMT   
Reuters - Shares of Hewlett-Packard Co were down 2 percent in premarket trading on Thursday after the world's No. 1 computer maker posted a sharp decline in quarterly earnings and warned it would take several years to turn around its sprawling businesses.
 
Europe's banks bleed from Greek debt crisis (Reuters)
Thu, 23 Feb 2012 10:22:46 GMT   
Reuters - Greece's debt problems drove a slew of heavy losses across the European banking sector on Thursday, and bosses warned the euro zone crisis would continue to threaten earnings.
 
Exclusive: SEC widens probe of exchange-traded funds (Reuters)
Fri, 17 Feb 2012 23:34:57 GMT   
Reuters - U.S. securities regulators have widened their inquiry into the trillion-dollar market for exchange-traded funds, according to a person familiar with the matter.
 
'Occupy' to hold national conference in Philly (AP)
Wed, 22 Feb 2012 18:30:36 GMT   
AP - A group of protesters affiliated with the Occupy Wall Street movement plans to elect 876 "delegates" from around the country and hold a national "general assembly" in Philadelphia over the Fourth of July as part of ongoing protests over corporate excess and economic inequality.
 
Target adjusted profit rises for holiday quarter (Reuters)
Thu, 23 Feb 2012 13:03:21 GMT   
Reuters - Target Corp posted a higher adjusted quarterly profit as the retailer's sales rose during the holiday season.
 
EU prepares to evict Iran's banks from banking hub (AP)
Thu, 23 Feb 2012 12:51:55 GMT   
AP - The European Union is preparing regulations that will shut out Iran's banks from a major financial clearinghouse used by virtually every country in the world, a senior official said Thursday.
 
Romney proposes 28 percent top income tax rate (Reuters)
Thu, 23 Feb 2012 00:26:40 GMT   
Reuters - Republican Mitt Romney revised his proposal for overhauling the U.S. tax code on Wednesday, calling for all individual tax rates to be cut by 20 percent while declining to offer specifics on how to make up the lost revenue from lower rates.
 
EU expects eurozone to suffer mild recession (AP)
Thu, 23 Feb 2012 12:26:06 GMT   
AP - The 17-nation eurozone economy will suffer a modest recession this year despite recent signs of stabilization, particularly in financial markets, the European Union's executive branch said Thursday.
 
Target's 4Q profit declines 5.2 percent (AP)
Thu, 23 Feb 2012 12:57:11 GMT   
AP - Target Corp. is reporting a 5.2 percent drop in earnings for the fourth quarter, as the retailer pushed big discounts to get tight-fisted shoppers to buy during the holiday season.
 
Some money from mortgage settlement to be diverted (AP)
Wed, 22 Feb 2012 22:47:22 GMT   
AP - The ink wasn't even dry on a settlement with the nation's top mortgage lenders when Missouri Gov. Jay Nixon laid claim to a chunk of the money to avert a huge budget cut for public colleges and universities.
 
Oil stays above $106 despite US crude supply jump (AP)
Thu, 23 Feb 2012 12:52:51 GMT   

FILE - In this Wednesday, Feb. 15, 2012 file citizen journalism image provided by the Local Coordination Committees in Syria, anti-Syrian regime activist Khaled Abu-Salah stands in front of flames and black smoke from a bombed oil pipeline, in Baba Amr neighborhood in Homs province, central Syria. Syrian troops intensively shelled rebel-held neighborhoods in the restive central city of Homs, on Friday and killed at least five people, activists said. Britain and France urged the opposition to unite and said it needs more international support to resist the deadly government crackdown. (AP Photo/Local Coordination Committees in Syria, File) THE ASSOCIATED PRESS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS HANDOUT PHOTOAP - Oil prices rose to nine-month highs above $106 a barrel Thursday, driven by market confidence in Germany and continued concerns about tensions over Iran's nuclear program.


 
Jerry Brown's Risky Path: How to Raise Taxes in California (Time.com)
Thu, 23 Feb 2012 10:05:00 GMT   
Time.com - In a campaign that may influence the policies of other states (and even the federal government), the three-time governor is heading down a hazardous political path
 
Ford to add $3.8B to pension plans this year (AP)
Thu, 23 Feb 2012 00:25:50 GMT   
AP - Ford Motor Co. will pump $3.8 billion into its global pension plans this year as it tries to get them closer to fully funding their obligations.
 
 


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