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Business News

France, Germany want closer control of Greek funds (AP)

Mon, 06 Feb 2012 16:41:58 GMT

AP - France and Germany on Monday sought to impose tighter controls on Greece's finances and warned political leaders in Athens to agree on new austerity measures soon if they didn't want to see their country go bankrupt.

Swiss bank Julius Baer expects fine in US tax case (AP)

Mon, 06 Feb 2012 17:28:55 GMT

AP - Swiss bank Julius Baer Group said Monday that it might have to pay a fine to settle allegations it helped American clients cheat on their taxes, but cautioned investors that the final outcome of the case was still uncertain.

Analysis: Stock-picking makes a comeback as macro tides fade (Reuters)

Fri, 03 Feb 2012 19:44:58 GMT

Reuters - Stock-picking once again matters on Wall Street.

Greeks delay bailout talks as Merkel demands action (Reuters)

Mon, 06 Feb 2012 15:11:31 GMT

Reuters - German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.

Fed should raise rates in 2013, Bullard says (Reuters)

Mon, 06 Feb 2012 16:44:08 GMT

Reuters - The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that even if rates stay near zero for many years, U.S. economic output will not bounce back to pre-recession levels.

Convicted NY fraudster sentenced in hit plot (AP)

Mon, 06 Feb 2012 17:13:47 GMT

AP - A convicted New York mortgage fraudster who then tried to get a key witness killed in revenge has gotten another eight to 16 years in prison.

Humana forecast is below Street view; shares fall (Reuters)

Mon, 06 Feb 2012 16:24:31 GMT

Reuters - Humana Inc reported a quarterly profit that met analyst estimates, but the health insurer failed to raise its full-year forecast up to Wall Street's target and its shares fell 5.4 percent.

Greek coalition partners talks postponed for a day (AP)

Mon, 06 Feb 2012 14:28:40 GMT

AP - Crucial austerity talks set for late Monday between Greece's coalition party leaders are due to be pushed back for a day, the Prime Minister's office said, despite strong pressure from the European Union for a speedy agreement so that the country can avoid a default on its debt.

Massachusetts gas prices edge up another 2 cents (AP)

Mon, 06 Feb 2012 16:53:14 GMT

AP - Massachusetts residents are paying two more cents a gallon at the gas pump, the seventh consecutive week of increases.

Europe's shadow darkens outlook (Reuters)

Sun, 05 Feb 2012 20:35:38 GMT

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.

Chrysler's "Halftime" ad: a roadmap for America? (Reuters)

Mon, 06 Feb 2012 15:07:02 GMT

Reuters - Is what is good for Chrysler good for America?

Boeing to correct 787 Dreamliner fuselage issue (Reuters)

Mon, 06 Feb 2012 14:22:39 GMT

Reuters - Boeing has discovered a problem related to the aft fuselage of its 787 Dreamliner planes and is making repairs that will not affect production of the aircraft, the company said in an emailed statement on Sunday.

Fidelity Nat'l to buy O'Charley's restaurant chain (AP)

Mon, 06 Feb 2012 15:20:06 GMT

AP - A title insurance and mortgage services company that already owns a stake in the Bakers Square restaurant chain is buying the restaurant operator O'Charley's Inc., the companies announced Monday.

Wall Street eases as investors eye Greece (Reuters)

Mon, 06 Feb 2012 16:50:38 GMT

Reuters - Stocks edged lower on Monday as a delay by debt-ridden Greece in accepting the terms of a bailout gave investors little reason to buy equities after a five-week rally.

China growth could halve if Europe crisis worsens: IMF (Reuters)

Mon, 06 Feb 2012 12:19:07 GMT

Reuters - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said.

Euro zone sales tumble at Christmas, no sign of growth (Reuters)

Fri, 03 Feb 2012 11:38:05 GMT

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.