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Business
Wall St flat as Greeks draw up bailout terms
(Reuters)
Tue, 07 Feb 2012 14:39:41 GMT
Reuters - Stocks were little changed on Tuesday as Greece's government said it was preparing the text of an agreement on a 130-billion euro bailout that will be put to the nation's leaders later in the day.
Glencore-Xstrata deal meets shareholder opposition
(Reuters)
Tue, 07 Feb 2012 14:31:26 GMT
Reuters - At least two top 10 shareholders in miner Xstrata plan to vote against a takeover by commodities trader Glencore, threatening the creation of a powerhouse spanning mining, agriculture and trading. Greek unions strike before crunch leaders' talks
(Reuters)
Tue, 07 Feb 2012 14:02:37 GMT
Reuters - Greek party leaders face crunch talks on Tuesday to secure a new international bailout and avoid a chaotic debt default, caught between EU demands that they accept painful reforms now and a national strike against more austerity. Coca-Cola beats Street, eyes cost savings
(Reuters)
Tue, 07 Feb 2012 14:48:16 GMT
Reuters - Coca-Cola Co reported better-than-expected quarterly results and announced a new cost-savings program on Tuesday that it will use to boost its brands and mitigate higher commodity costs. Fidelity money fund clients react negatively to SEC proposals
(Reuters)
Tue, 07 Feb 2012 13:14:39 GMT
Reuters - Fidelity Investments, the largest money-market fund manager, recently warned U.S. regulators that more than half of its money fund clients would move all or some of their assets out of the investments if the net asset value of the funds was allowed to fluctuate. With sparse data, focus returns to Europe
(Reuters)
Sun, 05 Feb 2012 17:24:17 GMT
Reuters - Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction. Oklahoma governor plans to cut state income taxes
(Reuters)
Tue, 07 Feb 2012 01:14:05 GMT
Reuters - Oklahoma's Republican governor announced a plan on Monday to dramatically cut state income tax rates and eventually do away with them altogether, and said the state would pay for the cuts by closing "loopholes." Coca-Cola adjusted 4Q results beat Street
(AP)
Tue, 07 Feb 2012 14:15:03 GMT
AP - Coca-Cola Co.'s fourth-quarter net income dropped 71 percent, weighed down by restructuring charges and a difficult comparison with last year's fourth quarter, when the beverage maker had a hefty benefit from buying its bottlers.
Greek party leaders seek deal as bankruptcy looms
(AP)
Tue, 07 Feb 2012 14:10:01 GMT
AP - Greek party leaders will seek Tuesday a long-delayed agreement on harsh cutbacks that bailout creditors demanded to save the country from bankruptcy but which have fueled nationwide outrage — a general strike snarled public services and thousands of protesters took to the streets of Athens.
Key states move closer to foreclosure-abuse deal
(AP)
Tue, 07 Feb 2012 12:03:19 GMT
AP - California and New York, the key holdouts in a long-awaited settlement over foreclosure abuses, moved closer Monday to backing a deal that would force the five largest mortgage lenders to reduce loans for about 1 million households. More than 40 U.S. states have agreed to a nationwide settlement.
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