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Euro zone loses patience with Greece
(Reuters)
posted on February 05, 2012 02:38:54 am Reuters - Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF.
Eurogroup's Juncker warns of possible Greece default
(Reuters)
posted on February 05, 2012 01:58:58 am Reuters - The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday.
Clock ticks on Greece's bailout deadline
(Reuters)
posted on February 05, 2012 03:56:38 am Reuters - Greek Prime Minister Lucas Papademos faces a critical task of convincing international lenders and political party leaders on Sunday to agree to the stringent terms of a 130 billion euro ($171 billion) rescue plan to stave off looming default.
Micron appoints Durcan CEO after Appleton's death
(Reuters)
posted on February 05, 2012 05:16:19 am Reuters - Memory chipmaker Micron Technology's board appointed company veteran Mark Durcan as chief executive a day after longtime Chairman and CEO Steve Appleton was killed in a plane crash.
Hungary seeks 15-20 billion euro IMF/EU credit line: official
(Reuters)
posted on February 04, 2012 03:19:26 pm Reuters - Hungary is seeking an international credit line of 15 to 20 billion ($20 to $26.3 billion) euros, the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday as saying.
AP - Stocks spiked sharply higher on Friday after forecast-busting U.S. jobs figures reinforced hopes that the recovery in the world's largest economy is gathering pace at a time when other regions, notably Europe, may be heading back into recession.
Unemployment rate hinges on more than job gains
(AP)
posted on February 03, 2012 11:50:21 pm AP - For most people, the 8.3 percent unemployment rate is the most visible sign of the economy's health. The rate's every movement is closely watched, especially in an election year.
Aon Q4 profit rises, but margin pressures persist
(Reuters)
posted on February 03, 2012 06:54:58 pm Reuters - Aon Corp posted a higher quarterly profit that narrowly beat market estimates, but the world's largest insurance broker continued to face margin pressures in its Aon Hewitt segment for the second-straight quarter.
AP - The Obama administration on Saturday called for stepped up U.S.-European cooperation to isolate tyrannies like the Assad regime in Syria, promote democracy in the Arab World and beyond and repair damage from the global financial crisis.
New York sues banks over electronic mortgage system
(Reuters)
posted on February 04, 2012 01:54:10 am Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
AP - Italy is now a "safe place" amid market turbulence, Premier Mario Monti said in an interview published Saturday, pressing for Europe to turn its political energy to generating growth rather than further plans to strengthen budget discipline.
Euro zone sales tumble at Christmas, no sign of growth
(Reuters)
posted on February 03, 2012 02:38:05 pm 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.
AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.
Blast hits Egypt's gas pipeline to Israel
(Reuters)
posted on February 05, 2012 03:40:56 am Reuters - An explosion hit a gas pipeline running from Egypt to Israel Sunday, witnesses and state television reported.
AP - Hundreds of Palestinian protesters have called for their prime minister's resignation over recent tax and price increases.
GM says most of its US dealers agree to upgrades
(AP)
posted on February 05, 2012 12:56:27 am AP - General Motors Co. said Saturday that most of its 4,400 U.S. dealers have agreed to upgrade their showrooms over the next four years.
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