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Factory, income data support growth outlook

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off The economy grew slightly faster than initially thought in the fourth quarter and a gauge of factory activity in the Midwest hit a 10 month-high in February, pointing to underlying strength in the economy. ... The Source Article

Bernanke warns of slow progress ahead on jobs

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off Federal Reserve Chairman Ben Bernanke on Wednesday offered a tempered view of the U.S. economy, pouring cold water on the notion that recent upbeat signs herald a stronger recovery. Bernanke told Congress ... The Source Article

GM, Peugeot target savings, test history with alliance

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off General Motors Co and PSA Peugeot Citroen will form a global alliance targeting a cut in annual costs of at least $2 billion without plant closings or job cuts in Europe. In a deal announced on Wednesday, ... The Source Article

EU says Ireland may need to revise budget

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off Ireland may need to make further changes to its budget this year if the economy continues to deteriorate, the European Commission said on Wednesday in a draft of a report obtained by Reuters. Halfway through ... The Source Article

Wall St snaps 4-day advance after Bernanke remarks

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off Stocks slipped on Wednesday, snapping a four-day winning streak after comments from U.S. Federal Reserve Chairman Ben Bernanke disappointed investors hoping for a strong signal of more stimulus. The Fed ... The Source Article

February auto sales seen up slightly

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off U.S. auto sales for February are expected to post a modest rise from year-earlier levels, as the industry continues its gradual recovery thanks to a rise in consumer confidence and the need to replace ... The Source Article

Summary Box: ECB loans $712B to banks

Posted: February 29th, 2012 | Author: | Filed under: Currencies | Comments Off

FINANCIAL CANDYMAN: The European Central Bank handed out $712.4 billion in low-interest loans to 800 banks in the second round of a credit infusion in an effort to ease the eurozone debt crisis.THE BACKGROUND: ...

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Summary Box: Wall Street bonuses to drop 14 pct

Posted: February 29th, 2012 | Author: | Filed under: U.S. Markets | Comments Off

BIG DROP: New York state Comptroller Thomas DiNapoli said Wall Street cash bonuses for 2011 are expected to drop 14 percent and profits are expected to drop by half for the second year in a row.AVERAGE ...

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Australian Dollar, New Zealand Dollar Jump on Rising Chinese PMI

Posted: February 29th, 2012 | Author: | Filed under: Currencies | Comments Off

Australian Dollar, New Zealand Dollar Jump on Rising Chinese PMI

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Pump Prices Keep Rising! Who Else Is Feeling Gas Pains?

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off While oil prices have eased slightly, the pain at the gas pump is showing no signs of abating. The Source Article

Plosser Slams Fed’s 2014 Low-Rate Forecast

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off A top Federal Reserve official sharply criticized the U.S. central bank's decision to telegraph ultra low interest rates for nearly three more years. The Source Article

Why the ‘Occupy’ Movement Is Wrong This Time

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off The Occupy Wall Street movement returns to the streets this week, targeting some of the biggest corporations in America. But this time, the focus is wrong. The Source Article

Buffett Rule Spawns Haters Club

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off Since his manifesto in the New York Times last August,“Stop Coddling the Super-Rich,” Warren Buffett has been under attack. The Source Article

News Corp: Pie in the Face, Lift for the Stock?

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off Since the 'pie low' of $15.40, the stock has steadily risen to $20.27 – a return of nearly 33 percent. The Source Article

Buy the Dip on Gold and Silver

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off Click! Follow Us on Facebook! Silver and gold are cooling their heels today, each pulling back after torrid runs in 2012 to date. Is it time to take the profits and run or add on the dips? The answer is the latter according to Simon Baker, head of Baker Avenue Asset Management. "It's a New [...] The Source Article

Apple in the $500 Billion Club — Can It Hit $1 Trillion?

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off Apple crossed an amazing milestone in after-market trading yesterday, when its market capitalization exceeded $500 billion for the first time. What's next? The Source Article

AIG Rescue Component Closes: $2.8 B Profit for Taxpayers

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off The rescue of stricken insurer AIG was one of the most complicated and expensive components of the crisis-era financial bailout plans. The Source Article

Angry Birds fly to Facebook, Asia and … Space

Posted: February 29th, 2012 | Author: | Filed under: Most Popular | Comments Off Finnish gaming firm Rovio expects to boost growth for months to come, with expansion in Asia, to Facebook and with the launch of Angry Birds Spaces, its marketing chief told Reuters in an interview. Angry ... The Source Article

Australian Dollar Little Affected by Modest Decline in Manufacturing Index

Posted: February 29th, 2012 | Author: | Filed under: Currencies | Comments Off

Australian Dollar Little Affected by Modest Decline in Manufacturing Index

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Bernanke notes economy better than expected

Posted: February 29th, 2012 | Author: | Filed under: International Finance | Comments Off

Bernanke notes economy better than expectedChairman Ben Bernanke told lawmakers Wednesday that the U.S. economy has performed better in recent months than the Federal Reserve had expected. If the trend continues, he said the Fed might have to reassess ...

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Nasdaq cracks 3,000, but stocks fall

Posted: February 29th, 2012 | Author: | Filed under: U.S. Markets | Comments Off

Nasdaq cracks 3,000, but stocks fallThe Nasdaq composite index briefly broke through 3,000 on Wednesday for the first time since the collapse in dot-com stocks more than a decade ago. Stocks ended lower, but it was still the best February ...

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Instant view: GDP fourth-quarter GDP revised up to 3 percent

Posted: February 29th, 2012 | Author: | Filed under: International Finance | Comments Off

The U.S. economy grew a bit faster than initially thought in the fourth quarter on slightly firmer consumer and business spending, which could help to allay fears of a sharp slowdown in growth in early ...

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Wall St snaps 4-day advance after Bernanke remarks

Posted: February 29th, 2012 | Author: | Filed under: International Finance | Comments Off

Wall St snaps 4-day advance after Bernanke remarksStocks slipped on Wednesday, snapping a four-day winning streak after comments from U.S. Federal Reserve Chairman Ben Bernanke disappointed investors hoping for a strong signal of more stimulus. The Fed ...

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Text: Bernanke’s prepared testimony to House panel

Posted: February 29th, 2012 | Author: | Filed under: International Finance | Comments Off

Below is the text of Federal Reserve Chairman Ben Bernanke's prepared testimony on U.S. monetary policy and the economy to the House Financial Services Committee on Wednesday. Chairman Bachus, Ranking ...

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Highlights: Bernanke’s Q&A testimony to House panel

Posted: February 29th, 2012 | Author: | Filed under: International Finance | Comments Off

Below are highlights from the question and answer session of a House Financial Services Committee hearing with Federal Reserve Chairman Ben Bernanke testifying on monetary policy and the U.S. economy. ...

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All areas of the country show growth, Fed reports

Posted: February 29th, 2012 | Author: | Filed under: International Finance | Comments Off

The U.S. economy started the year off well with busier factories, higher retail sales, more jobs and growth in home sales.The Federal Reserve said Wednesday that all 12 of its banking districts reported ...

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STOCKS FALL AFTER BERNANKE SPEAKS: Here’s What You Need To Know

Posted: February 29th, 2012 | Author: | Filed under: U.S. Markets | Comments Off

Goodbye, 13,000!

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Dollar rises against euro on Bernanke comments

Posted: February 29th, 2012 | Author: | Filed under: Currencies | Comments Off

The dollar turned higher against the euro after comments from Federal Reserve Chairman Ben Bernanke made it seem less likely that the Fed will buy more bonds to stimulate the U.S. economy.Bernanke told ...

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These Five ETFs May be Overbought

Posted: February 29th, 2012 | Author: | Filed under: U.S. Markets | Comments Off

The strong rally in stocks so far this year has some analysts looking for ETFs that may be overbought and ripe for a pullback.For example, some funds are trading significantly above their moving averages, ...

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Canadian Dollar Bucks Trend, Euro Correlation Weighs on Franc

Posted: February 29th, 2012 | Author: | Filed under: Currencies | Comments Off

Canadian Dollar Bucks Trend, Euro Correlation Weighs on Franc

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