Business News |
![]() USA TODAY | Gingrich Ties to Fannie, Freddie Said to Extend to Speaker Days BusinessWeek By Eric Engleman Feb 4 (Bloomberg) -- Republican presidential candidate Newt Gingrich had ties to Freddie Mac and Fannie Mae during his time as speaker of the House from 1995 to 1999, adding to questions about the nature of his relationship with the ... Gingrich's Deep Ties to Fannie Mae and Freddie Mac Why foreclosure investors are double-edged sword for economy Fannie Mae's Fire Sale |
![]() Bloomberg | Unemployment Rate Drops to 8.3%; Payrolls Jump Bloomberg Enlarge image US Jobs US Jobs Stephen Morton/Bloomberg Alcoa Inc. employees release molten aluminum into a vertical cast for cylindrical billets in Goose Creek, South Carolina, on Jan. 19, 2012. Audio Download: Gross Calls January Jobs Report ... Jobless rate at 3-year low as payrolls surge | Job Gains Reflect Hope a Recovery Is Blooming Payrolls in US Jump 243000; Unemployment Drops to 8.3% |
![]() CBC.ca | Greek finance minister: Debt negotiations must be completed by late Sunday Washington Post ATHENS, Greece — Greece is under heavy pressure from its creditors to implement further austerity and structural measures if it wants to get a second, €130 billion ($171 billion) bailout, and avoid bankruptcy. Finance Minister Evangelos Venizelos said ... Greece says faces 24-hour deadline to clinch rescue Greek Official Says Barriers Remain in Talks With Creditors Greece Weighs Spending Cuts as Bailout Talks Edge Toward Deal |
![]() Los Angeles Times | The Dow Should Never Have Booted These Stocks DailyFinance By Dan Caplinger, The Motley Fool Posted 3:07PM 02/04/12 Investing Millions of investors rely on the Dow Jones Industrial Average (INDEX: ^DJI) as their primary measure of how the stock market is doing. But over the years, even the Dow has made some ... Dow at Highest Since May 2008 Dow Logs Highest Close Since May 2008 3-Year High for the Dow as Wall St. Cheers Data |
![]() Los Angeles Times | Nevada's triple economic whammy CNN By Tami Luhby @CNNMoney February 4, 2012: 12:36 PM ET Nevada has the dubious distinction of leading the nation in unemployment, foreclosure filings and number of underwater homes. That's not good for the state's economy. NEW YORK (CNNMoney) -- The ... Obama pushes housing plan in weekly address Obama's failed promises: Nevada edition |
![]() BBC News | AMR wants to cut 13000 jobs, pensions Reuters By Kyle Peterson (Reuters) - AMR Corp, the parent of bankrupt American Airlines, wants to slash 13000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals. AMR's Horton Expects American to Leave Bankruptcy Without Merger American Airlines' plan for pension bailout draws criticism AMR's Horton Expects American to Exit Bankruptcy Without Merger |
![]() MLive.com | NADA's Taylor Forecasts US Auto Sales to Rise 10% This Year BusinessWeek Feb. 4 (Bloomberg) -- US sales of cars and light trucks are expected to rise by about 10 percent this year to 13.9 million, reflecting improved consumer demand and more stable credit availability, a dealer group said. Paul Taylor, chief economist of ... GM says most of its US dealers agree to upgrades GM says most of its 4400 US dealers plan upgrades, but not all dealers are happy Auto dealers spending billions to upgrade but some question if it will boost sales |
![]() Bloomberg | Confidence in eurozone returns Khaleej Times It is easy to get carried away with a positive view of the markets. Interest rates are falling, markets are rising and global economic activity has surprised to the upside. To be sure the European's have at least stabilised the crisis. ECB Plan for Loans as Collateral Said to Be Avoided by Some Euro Members Will the great interest rate gamble pay off? ECB Loan Collateral Plan Said to Be Avoided by Some Euro Members |
![]() The Nation, Pakistan | Growing Sudan, South Sudan Oil Impasse Has High Stakes Voice of America February 04, 2012 Growing Sudan, South Sudan Oil Impasse Has High Stakes Nico Colombant | Washington African Union mediation to end an oil standoff between Sudan and South Sudan is expected to resume this week. Analysts say the stakes are high for the ... Oil risks fuelling flames of Sudan conflict Total of France Says It Plans to Resume Exploration in South Sudan Block B UN official Valerie Amos warns of looming crisis in South Sudan |
![]() USA TODAY | Foreclosure Settlement Will Settle Nothing TheStreet.com By Shanthi Bharatwaj 02/04/12 - 06:54 AM EST NEW YORK (TheStreet) -- A foreclosure settlement between the banks and the 50 states Monday, if it does finally happen, will likely not have the positive outcomes that investors have been hoping for. NY AG Sues BofA, Wells Fargo, JPMorgan Chase over Mortgage Fraud New York files suit over foreclosure practices NY AG Sues Bank Of America & Others For Shady Tactics |