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- Wall Street loses steam after hitting new highs (Reuters)
- Economy grew faster than expected in fourth quarter (Reuters)
- Bernanke: Progress cutting unemployment could fade (Reuters)
- JPMorgan says may face SEC action on mortgage bonds (Reuters)
- Fannie Mae seeks $4.6 billion in aid after fourth-quarter loss (Reuters)
- How industries stack up since last Dow 13,000 (AP)
- Romney wins Ariz. and Mich. on economy, experience (AP)
- Costco profit beats; cheap gasoline lures shoppers (Reuters)
- ECB hands out $712 billion in loans to banks (AP)
- Fannie asks gov't for almost $4.6B after 4Q loss (AP)
- Unions protest on eve of EU summit (AP)
- Stockton could become biggest city to go bankrupt (AP)
- US crude supplies increased by 4.2 million barrels (AP)
- Ex-Mo. plant manager convicted of tax evasion (AP)
- Rules to prevent car back-over deaths delayed (AP)
| Wall Street loses steam after hitting new highs (Reuters) Posted: 29 Feb 2012 08:50 AM PST
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| Economy grew faster than expected in fourth quarter (Reuters) Posted: 29 Feb 2012 07:51 AM PST Reuters - The economy grew a bit faster than initially thought in the fourth quarter on slightly firmer consumer spending, further calming fears of a sharp slowdown in growth in early 2012. |
| Bernanke: Progress cutting unemployment could fade (Reuters) Posted: 29 Feb 2012 08:02 AM PST Reuters - The U.S. economy would have to strengthen to ensure that the unacceptably high jobless rate keeps dropping, Federal Reserve Chairman Ben Bernanke said on Wednesday, suggesting the option of further Fed bond buying remains on the table. |
| JPMorgan says may face SEC action on mortgage bonds (Reuters) Posted: 29 Feb 2012 09:02 AM PST Reuters - JPMorgan Chase & Co said it may face federal enforcement actions stemming from two investigations into mortgage-backed securities that went bad in the financial crisis. |
| Fannie Mae seeks $4.6 billion in aid after fourth-quarter loss (Reuters) Posted: 29 Feb 2012 08:33 AM PST Reuters - Fannie Mae , the biggest source of money for U.S. home loans, on Wednesday said it would seek $4.6 billion in additional federal aid after reporting a fourth-quarter loss. |
| How industries stack up since last Dow 13,000 (AP) Posted: 28 Feb 2012 01:45 PM PST AP - How the 10 categories of stocks in the Standard & Poor's 500 index have performed since May 19, 2008, the last time the Dow Jones industrial average closed above 13,000. |
| Romney wins Ariz. and Mich. on economy, experience (AP) Posted: 29 Feb 2012 03:48 AM PST AP - Mitt Romney played to his strengths in Arizona and Michigan, carrying economy voters and those seeking the most electable candidate, according to exit polls conducted for The Associated Press in both states. Romney was able to expand beyond those reliable bases, which have backed him in each state with an exit poll except for South Carolina, and also capture voters focused on a candidate's experience or concerned about the deficit. |
| Costco profit beats; cheap gasoline lures shoppers (Reuters) Posted: 29 Feb 2012 07:35 AM PST Reuters - Costco Wholesale Corp posted a bigger-than-expected increase in quarterly profit as the warehouse club's discounted gasoline prices lured shoppers to its service stations and stores. |
| ECB hands out $712 billion in loans to banks (AP) Posted: 29 Feb 2012 07:22 AM PST AP - The European Central Bank handed out euro529.5 billion ($712.4 billion) in low-interest loans to banks in the second round of a massive credit infusion that has helped ease the eurozone debt crisis. |
| Fannie asks gov't for almost $4.6B after 4Q loss (AP) Posted: 29 Feb 2012 07:20 AM PST AP - Mortgage giant Fannie Mae said Wednesday that it lost money in its fourth quarter and is asking the federal government for $4.57 billion in aid to cover its deficit. |
| Unions protest on eve of EU summit (AP) Posted: 29 Feb 2012 05:53 AM PST AP - Protests against austerity measures being imposed in the eurozone were held in Belgium, Spain and Greece on Wednesday, a day ahead of a European Union summit aimed at tackling unemployment and boosting economic growth in the region. |
| Stockton could become biggest city to go bankrupt (AP) Posted: 29 Feb 2012 03:47 AM PST AP - The city of Stockton in California's crop-abundant Central Valley has the second-highest foreclosure rate in the nation and one of the highest crime and unemployment rates. It was named America's most miserable city in a national magazine — twice. |
| US crude supplies increased by 4.2 million barrels (AP) Posted: 29 Feb 2012 08:00 AM PST AP - The nation's crude oil supplies rose last week, the government said Wednesday. |
| Ex-Mo. plant manager convicted of tax evasion (AP) Posted: 29 Feb 2012 07:13 AM PST AP - A former manager at a now-closed Ford Motor Co. plant in eastern Missouri has been convicted of evading taxes on more than $2 million in kickbacks. |
| Rules to prevent car back-over deaths delayed (AP) Posted: 29 Feb 2012 09:07 AM PST AP - Rules aimed at helping drivers avoid unintentionally backing over children, already overdue, are being delayed again following complaints from automakers that requiring rearview video cameras systems on new cars and trucks would be too expensive. |
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