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Media General explores sale of newspapers

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Newspaper publisher and TV station owner Media General said Wednesday that it is exploring the sale of its newspaper operations, which produce nearly half its revenue.The company said that it has received ... The Source Article

Stocks lower a day after Dow’s blip above 13,000

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off A day after Dow 13,000, investors took a break.Stocks closed lower Wednesday for the first time in four trading days. The Dow Jones industrial average lost 27.02 points to finish at 12,938.67. The day ... The Source Article

Rising sales point to better year for housing

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off The housing market is flashing signs of health ahead of the spring-buying season.Sales of previously occupied homes are at their highest level since May 2010. More first-time buyers are making purchases. ... The Source Article

Obama seeks corporate tax rate cut, loophole limit

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off President Barack Obama rolled out a corporate tax overhaul plan Wednesday that lowers rates but also eliminates loopholes and subsidies cherished by the business world. A long-shot for action in an election ... The Source Article

Calif. pledges better mobile privacy disclosures

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off California is clamping down on nosy mobile applications, telling them they must give people advance warning if they want to keep pulling sensitive information from smartphones and computer tablets.The ... The Source Article

Fantasy camp for those who love to fly

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Eric Mueller's vacation started when his plane filled with smoke. Soon, people slid down an emergency chute, inflated life vests and climbed into a raft.Mueller loved every minute of it.Most days he runs ... The Source Article

FDA panel backs previously rejected obesity pill

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off A previously rejected weight loss pill won an overwhelming endorsement from public health advisers Wednesday, raising hopes that the drug from Vivus Inc. could become the first new anti-obesity medication ... The Source Article

Ford to add $3.8B to pension plans this year

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Ford Motor Co. will pump $3.8 billion into its global pension plans this year as it tries to get them closer to fully funding their obligations.The company also raised the annual pay for its 16 directors ... The Source Article

HP CEO pleads patience as earnings fall 44 pct

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Hewlett-Packard Co. CEO Meg Whitman pleaded for patience Thursday as she described operational challenges and other internal problems that contributed to a decline in earnings at one of the world's largest ... The Source Article

Bankruptcy judge approves Solyndra bonuses

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off A bankruptcy judge on Wednesday approved close to $370,000 in bonuses for 20 employees of Solyndra LLC, a solar panel manufacturer that received a half-billion dollar loan from the federal government before ... The Source Article

HP Earnings Beat Street

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off HP says its net income fell 44 percent in the most recent quarter as revenue dipped in the midst of an attempted turnaround under new leadership. The Source Article

Greece lowers recovery expectations

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Greece on Wednesday insisted a new euro130 billion ($172 billion) bailout deal will "bind" it to the euro, but again lowered expectations of recovery as it faced skeptical world markets, continued ... The Source Article

W.Va. mine boss charged with fraud in deadly blast

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Federal prosecutors investigating the West Virginia coal mine explosion that killed 29 men are working their way up the corporate ladder with criminal charges.On Wednesday, the former superintendent of ... The Source Article

T-Mobile asks FCC to block Verizon-cable deal

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off T-Mobile USA, which just had its acquisition by AT&T blocked by regulators, is urging the federal government to block another deal in the wireless world: Verizon's planned purchase of spectrum from cable ... The Source Article

Oil prices rise on continued concern about Iran

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Oil prices rose Wednesday on the expectation that world supplies could be squeezed further because of ongoing tensions with Iran.Iran, the world's third-biggest oil exporter, has been in a standoff with ... The Source Article

Gannett shares rise on $1.3B capital return plan

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Gannett's stock rose more than 4 percent Wednesday, after the company outlined a plan to return $1.3 billion to shareholders by 2015.Gannett Co., Inc., the diversified media company and publisher of newspapers, ... The Source Article

Existing Home Sales at 18 Month High, Supply Falls

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off U.S. home resales surged in January to a 1-1/2 year high and the supply of properties on the market was the lowest in almost seven years, pointing to a nascent housing recovery. The Source Article

Looming Threat: Could Gas Hit $5?

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Oil is in the spotlight with global prices near a nine-month high after Iran announced it was stopping oil shipments to France and Britain. The Source Article

Bank Overdraft Fees Face Fresh Scrutiny

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off The Consumer Financial Protection Bureau said it would look into whether banks misled customers about the fees. The Source Article

Greece Rushes to Pass Bailout Laws Amid Protests

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off The Greek parliament, barricaded from protests by workers and pensioners angry over austerity, scrambled on Wednesday to pass laws needed to secure payment of a second international bailout for the debt-laden ... The Source Article

Aimed at Banks, Volcker Rule Hits Unlikely Targets

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Some public agencies that rely on the municipal bond market for financing fear that a landmark financial reform rule will cripple their ability to sell bonds and make it more expensive to raise money for ... The Source Article

European Crisis: Next Stop Portugal Says Chandler

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Lost in the news of the faux resolution to the Greek budget crisis earlier this week is the fact that the issue hasn't really been Greece at all. Economically speaking Greece will be comatose, at best, for the foreseeable future. The real goal of all this paper shuffling and gesturing by European officials is saving [...] The Source Article

Is the Middle Class Getting Pushed Out of Banking?

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Excessive regulation of financial institutions is squeezing out middle-class consumers who soon will find themselves locked out of the banking system, analyst Meredith Whitney said Wednesday. The Source Article

Fitch Downgrades Greece, Says Default ‘Highly Likely’

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Fitch ratings agency says it has downgraded Greece further into junk status, from 'CCC' to 'C' following the announcement of the details of the country's debt swap deal with private creditors. The Source Article

Stocks Waver As Europe Frets Over Greece

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off U.S. stocks were lower in early trading Wednesday as investors worry over the details of a new bailout plan for Greece.The Dow Jones industrial average is down 8 points at 12,957, a day after hitting 13,000 ... The Source Article

Unions Gearing up to Spend Big in 2012 Election

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Unions say they are gearing up to spend more than $400M to help re-elect President Barack Obama and lift Democrats this election year in a fight for labor's survival. The Source Article

Stock futures mixed, economic data eyed

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off U.S. stock index futures pointed to a mixed opening for Wall Street on Wednesday, with futures for the S&P 500 down 0.1 percent, the Dow Jones futures flat and the Nasdaq 100 rising 0.1 percent. The Mortgage ... The Source Article

Mazda eyes $2 billion share offering

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Mazda Motor Corp is looking to raise up to $2 billion in a bigger-than-expected public share offering, a regulatory filing showed on Wednesday, which would cause a massive 69 percent dilution of its existing ... The Source Article

Ford pours $3.8 billion into pension plan, eyes shift to bonds

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Ford Motor Co is pouring $3.8 billion into its global pension plan this year and will invest its plan assets more heavily in bonds, as the second-largest U.S. automaker moves more aggressively to minimize ... The Source Article

Europe’s debt crisis set to dominate G20 talks

Posted: February 22nd, 2012 | Author: | Filed under: Most Popular | Comments Off Europe's debt crisis will dominate talks between Group of 20 policymakers this weekend as the rest of the world looks for pledges that the euro zone will boost its crisis safety net. Advanced and developing ... The Source Article