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Greece on "knife edge" in push to agree bailout (Reuters)
Reuters – Greece’s prime minister scrambled on Sunday to convince lenders and politicians to sign off on a 130 billion euro ($171 billion) rescue, after his finance minister said just hours remained to clinch a deal to avoid a messy default. More here: Greece on "knife edge" in push to agree bailout (Reuters) Read More →
Jobless rate at 3-year low as payrolls surge (Reuters)
Reuters – The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama. Here is the original post: Jobless rate at 3-year low as payrolls surge (Reuters) Read More →
Fed will protect U.S. from Europe fallout: Bernanke (Reuters)
Reuters – Europe’s financial crisis still threatens the U.S. recovery, and the Federal Reserve will do everything it can to prevent it from damaging the economy, Federal Reserve Chairman Ben Bernanke said on Thursday. Here is the original: Fed will protect U.S. from Europe fallout: Bernanke (Reuters) Read More →
Glencore and Xstrata in $80 billion merger talks (Reuters)
Reuters – Mining group Xstrata and commodities trader Glencore are in talks over an all-share merger that could create a combined group worth more than 50 billion pounds ($79 billion), shaking up the industry with its biggest deal to date. More: Glencore and Xstrata in $80 billion merger talks (Reuters) Read More →
U.S. to charge ex-Suisse traders on subprimes: sources (Reuters)
Reuters – U.S. authorities are preparing to charge four former Credit Suisse Group AG employees with criminal and civil fraud related to write-downs on subprime mortgage derivatives at the height of the financial crisis, sources familiar with the matter said. Read the original here: U.S. to charge ex-Suisse traders on subprimes: sources (Reuters) Read More →
OPEC says EU ban on Iran oil to boost prices (Reuters)
Reuters – The EU’s embargo on Iranian oil exports will add upward pressure to oil prices, OPEC’s secretary general said on Monday, even though there is no shortage of oil on the market. Continued here: OPEC says EU ban on Iran oil to boost prices (Reuters) Read More →
Trade cheats beware: new U.S. team will come after you: Kirk (Reuters)
Reuters – A new team of U.S. trade enforcers will make countries think twice about putting up unfair barriers to American exports, President Barack Obama’s top trade official said. Original post: Trade cheats beware: new U.S. team will come after you: Kirk (Reuters) Read More →
Goldman executives get access to restricted stock (Reuters)
Reuters – Top Goldman Sachs Group Inc executives received previously restricted stock awards that are now worth $47.7 million, according to regulatory filings, though the executives are still limited in selling most of their Goldman stock. The rest is here: Goldman executives get access to restricted stock (Reuters) Read More →
Apple CEO faces first test with cash mountain (Reuters)
Reuters – Apple CEO Tim Cook has a problem, a $98 billion problem. Read the original: Apple CEO faces first test with cash mountain (Reuters) Read More →
Bernanke says Fed pondering further stimulus (Reuters)
Reuters – Federal Reserve Chairman Ben Bernanke said on Wednesday the central bank was ready to offer the economy additional stimulus after it announced it would likely keep interest rates near zero until at least late 2014. More here: Bernanke says Fed pondering further stimulus (Reuters) Read More →