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Economic Growth Quickens in Q4, but Speed-Bumps Ahead

Posted: January 27th, 2012 | Author: | Filed under: Most Popular | Comments Off The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a strong rebuilding of stocks by businesses and weak spending on capital goods hinted at slower growth in early 2012. The Source Article

Romney Failed to Disclose Income from Swiss Bank

Posted: January 27th, 2012 | Author: | Filed under: Most Popular | Comments Off Mitt and Ann Romney failed to list an unknown amount of investment income from a variety of sources, including a Swiss bank account, on financial disclosure forms filed last year, the presidential hopeful's campaign announced Thursday as it worked to correct the omissions. The Source Article

Costa Offers $14,460 Per Person for Ruined Cruise

Posted: January 27th, 2012 | Author: | Filed under: Most Popular | Comments Off Costa Crociere SpA is offering uninjured passengers euro11,000 ($14,460) apiece to compensate them for baggage and psychological trauma after its cruise ship ran aground and capsized off Tuscany. The Source Article

Greek Debt Relief Talks Grind On

Posted: January 27th, 2012 | Author: | Filed under: Most Popular | Comments Off Greece's prime minister was to resume talks Friday with representatives of private creditors in the hope of reaching a debt reduction deal essential to avoid a disastrous bankruptcy. The Source Article

Ford Profits from Accounting Changes in 4Q

Posted: January 27th, 2012 | Author: | Filed under: Most Popular | Comments Off Ford Motor Co. posted a big profit for the fourth quarter and 2011, but they were largely due to accounting changes. The Source Article

Criticism Mounts of RBS Bonus for CEO

Posted: January 27th, 2012 | Author: | Filed under: Most Popular | Comments Off Politicians are fuming about a bonus of nearly a million pounds ($1.5 million) given to the chief executive of Royal Bank of Scotland, which cost the U.K. government 45 billion pounds to bail out and nationalize.Stephen ... The Source Article

Stock Futures Waver After GDP Data

Posted: January 27th, 2012 | Author: | Filed under: Most Popular | Comments Off Dow and S&P futures turned negative on Friday after data showed gross domestic product for the fourth quarter was slightly below Wall Street expectations. S&P 500 futures fell 3.6 points and were blow ... The Source Article

Procter & Gamble Net Income Falls on Higher Costs

Posted: January 27th, 2012 | Author: | Filed under: Most Popular | Comments Off Procter & Gamble Co.'s net income fell 49 percent in its fiscal second quarter, hobbled by higher materials costs and a writedown in the value of some of its businesses. P&G also lowered its earnings predictions ... The Source Article

Why Is Investment Income Taxed Less Than Wages?

Posted: January 27th, 2012 | Author: | Filed under: Most Popular | Comments Off Why do Mitt Romney and other wealthy investors pay lower taxes on the income they make from investments than they would if they earned their millions from wages? The Source Article

10 Things You Need To Know Before The Opening Bell

Posted: January 27th, 2012 | Author: | Filed under: Most Popular | Comments Off Spanish unemployment soars, Ford, Chevron, and Procter & Gamble report earnings, and guess who was going to a barbecue. The Source Article

Geithner presses Europe to increase crisis firewall

Posted: January 27th, 2012 | Author: | Filed under: International Finance | Comments Off

Geithner presses Europe to increase crisis firewallU.S. Treasury Secretary Timothy Geithner pressed Europe on Friday to boost its bailout fund resources, citing the euro zone debt crisis and oil prices as the two main factors influencing the pace of the ...

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Stock futures turn down after GDP data

Posted: January 27th, 2012 | Author: | Filed under: International Finance | Comments Off

Stock futures turn down after GDP dataDow and S&P futures turned negative on Friday after data showed gross domestic product for the fourth quarter was slightly below Wall Street expectations. S&P 500 futures fell 3.6 points and were blow ...

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Ford posts big profits but misses Wall Street

Posted: January 27th, 2012 | Author: | Filed under: U.S. Markets | Comments Off

An accounting change boosted Ford's fourth-quarter net income, but without the gain the company fell short of Wall Street's expectations.Weak sales in Europe and lower production in Thailand eroded Ford's ...

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Monetary data adds to ECB warning signs

Posted: January 27th, 2012 | Author: | Filed under: Currencies | Comments Off

Loans to private sector companies and households in the euro zone fell in December from the previous month, European Central Bank data showed on Friday, adding to signs of a credit crisis in the currency ...

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FOREX: Yen Outperforms as Traders Look Past US GDP to EU Summit

Posted: January 27th, 2012 | Author: | Filed under: International Finance | Comments Off

FOREX: Yen Outperforms as Traders Look Past US GDP to EU Summit

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EUR/USD Classical Technical Report 01.27

Posted: January 27th, 2012 | Author: | Filed under: Currencies | Comments Off

EUR/USD Classical Technical Report 01.27

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NZD/USD Classical Technical Report 01.27

Posted: January 26th, 2012 | Author: | Filed under: Currencies | Comments Off

NZD/USD Classical Technical Report 01.27

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BP must cover some Transocean oil spill damages

Posted: January 26th, 2012 | Author: | Filed under: Most Popular | Comments Off A federal judge on Thursday said BP Plc must indemnify Transocean Ltd for some compensatory damage claims over the 2010 Gulf of Mexico oil spill. U.S. District Judge Carl Barbier, who oversees multistate ... The Source Article

Japan prices fall, mild deflation to persist

Posted: January 26th, 2012 | Author: | Filed under: Most Popular | Comments Off Japan's core consumer prices fell for the third consecutive month in the year to December, and mild deflation is expected to persist this year as energy prices stabilize and worries about Europe's debt ... The Source Article

Greece, creditors edge closer to deal

Posted: January 26th, 2012 | Author: | Filed under: Most Popular | Comments Off Greece and its private creditors made progress on Thursday in talks on restructuring its debt, both sides said, and they will continue negotiating on Friday with the aim of sealing an agreement within ... The Source Article

Nintendo sees profit next year, but shares tumble

Posted: January 26th, 2012 | Author: | Filed under: Most Popular | Comments Off Nintendo President Satoru Iwata dismissed the idea that the age of the dedicated handheld games device was over and said he aimed to return the company to substantial profit in 2012/13, after it warned ... The Source Article

Smartphones power record Samsung profit; sets $22 billion capex

Posted: January 26th, 2012 | Author: | Filed under: Most Popular | Comments Off Samsung Electronics Co posted a record $4.7 billion quarterly operating profit, driven by booming smartphone sales, and will spend $22 billion this year to boost production of chips and flat screens to ... The Source Article

Apple overtakes Samsung in Q4 smartphone sales: report

Posted: January 26th, 2012 | Author: | Filed under: Most Popular | Comments Off Apple Inc overtook Samsung Electronics Co Ltd as the world's top smartphone maker in the fourth quarter of last year, with the South Korean company selling about half a million fewer smartphones than its ... The Source Article

Starbucks profit beats, Europe weakness hurts

Posted: January 26th, 2012 | Author: | Filed under: Most Popular | Comments Off Starbucks Corp reported a quarterly profit that topped Wall Street's view, but its shares fell as investors in the world's biggest coffee chain focused on softness in Europe rather than strength in the ... The Source Article

Samsung posts record quarterly profit powered by smartphones

Posted: January 26th, 2012 | Author: | Filed under: Most Popular | Comments Off Samsung Electronics Co, the world's top technology firm by revenue, reported a record quarterly profit on Friday, aided by its best-ever sales of smartphones and one-off gains. The South Korean firm reported ... The Source Article

Exclusive: Chevron to face charges over Brazil spill

Posted: January 26th, 2012 | Author: | Filed under: Most Popular | Comments Off A Brazilian prosecutor plans to file criminal charges against Chevron Corp and some of its local managers within weeks, adding the threat of prison sentences to an $11 billion civil lawsuit as punishment ... The Source Article

Insight: How Allen Stanford kept the SEC at bay

Posted: January 26th, 2012 | Author: | Filed under: Most Popular | Comments Off In 2009, federal investigators finally arrested Houston financier R. Allen Stanford. For twenty years, Stanford allegedly had run a $7 billion Ponzi scheme from his offshore bank on the Caribbean island ... The Source Article

GDP, consumer sentiment on calendar

Posted: January 26th, 2012 | Author: | Filed under: International Finance | Comments Off

There are just two reports are on today's economic calendar, GDP and consumer sentiment.GDP for the fourth quarter will be reported at 8:30 a.m. ET. The consensus forecast calls for a reading of 3.1 percent. ...

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Euro Rallies on Hopes that Greek Deal Close

Posted: January 26th, 2012 | Author: | Filed under: Currencies | Comments Off

With no economic data on the calendar, currency traders focused on Davos where EU commissioner for monetary affairs Ollie Rehn stated that Greek government and private investors were very close to an agreement ...

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Euro Chart Hints Down Trend vs US Dollar May Be Ready to Resume

Posted: January 26th, 2012 | Author: | Filed under: Currencies | Comments Off

Euro Chart Hints Down Trend vs US Dollar May Be Ready to Resume

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