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- Wall Street slips as oil closely watched (Reuters)
- Yelp shares soar on market debut (Reuters)
- U.S. housing market, fiscal policy pose risks: IMF (Reuters)
- Pact for budget discipline signed by 25 EU states (Reuters)
- Neiman profit nearly doubles on luxury sales spike (Reuters)
- JPMorgan could face SEC action on mortgage bonds (AP)
- Strong retail sales are sign of improving economy (AP)
- Genesco 4Q net income up, revenue climbs (AP)
- Summary Box: Spain will miss 2012 deficit target (AP)
- Judge fines ex-CEO of Brookstreet Securities $10M (AP)
- Greece: Recession hits January revenues (AP)
- Big Lots 4Q profit climbs on strength in US (AP)
- Exclusive: DOJ casts wide net with mortgage subpoenas (Reuters)
- Arizona gasoline prices climb for 9th week in row (AP)
- IRS battling conservatives over tax-exempt status (AP)
- Toyota says CNN glitch report "grossly inaccurate" (Reuters)
| Wall Street slips as oil closely watched (Reuters) Posted: 02 Mar 2012 09:06 AM PST
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| Yelp shares soar on market debut (Reuters) Posted: 02 Mar 2012 07:45 AM PST Reuters - Consumer review website Yelp Inc's shares traded more than 60 percent above their initial public offering price in their market debut on Friday, as investors rushed to buy a piece of the growing local advertising market. |
| U.S. housing market, fiscal policy pose risks: IMF (Reuters) Posted: 02 Mar 2012 08:26 AM PST Reuters - The U.S. economic recovery could be dented by a renewed drop in housing prices in the short term and the country lacks a "credible, comprehensive" fiscal plan, posing a major medium-term economic risk, a top IMF official said. |
| Pact for budget discipline signed by 25 EU states (Reuters) Posted: 02 Mar 2012 06:57 AM PST Reuters - All but two European Union countries signed a treaty on tighter budget discipline for the euro zone on Friday, marking a coup for Germany which pushed for the accord to try to prevent a repeat of the loose spending that led to a debt crisis. |
| Neiman profit nearly doubles on luxury sales spike (Reuters) Posted: 02 Mar 2012 08:38 AM PST Reuters - Neiman Marcus Group Inc reported a higher quarterly profit on Friday as high-end shoppers snapped up more of the luxury department store operator's expensive designer dresses, shoes and handbags during the holiday period. |
| JPMorgan could face SEC action on mortgage bonds (AP) Posted: 29 Feb 2012 02:16 PM PST AP - JPMorgan Chase said it received notice from regulators that it could face charges over mortgage-backed investments that soured during the financial crisis. |
| Strong retail sales are sign of improving economy (AP) Posted: 01 Mar 2012 02:58 PM PST AP - Americans stepped up their spending in February, boosting sales at many stores and offering the latest sign that shoppers are feeling more confident in the economy. |
| Genesco 4Q net income up, revenue climbs (AP) Posted: 02 Mar 2012 08:28 AM PST AP - Genesco Inc.'s net income climbed 34 percent in its fiscal fourth quarter, driven by strong performances from its Journeys and Lids Sports stores. |
| Summary Box: Spain will miss 2012 deficit target (AP) Posted: 02 Mar 2012 09:04 AM PST AP - MISSED GOAL: Spain's prime minister said Friday that his country will miss its deficit goal for this year, risking sanctions from the European Union. The announcement came as the government reported a big rise in claims for jobless benefits and a forecast that economic output will fall this year. |
| Judge fines ex-CEO of Brookstreet Securities $10M (AP) Posted: 02 Mar 2012 09:36 AM PST AP - A federal judge has fined the former CEO of a defunct California brokerage firm $10 million for alleged civil fraud in selling risky mortgage securities to unsophisticated retail investors in the years before the housing market collapsed. |
| Greece: Recession hits January revenues (AP) Posted: 02 Mar 2012 06:55 AM PST AP - Greece's deep and prolonged recession took its toll on the central government's finances, which swung from surplus to deficit, official figures showed Friday. |
| Big Lots 4Q profit climbs on strength in US (AP) Posted: 02 Mar 2012 08:27 AM PST AP - The rapidly expanding retailer Big Lots posted a 4 percent jump in fourth-quarter net income and said earnings per share would likely rise by as much as 17 percent this year, yet shares dipped more than 3 percent Friday on its first-quarter outlook. |
| Exclusive: DOJ casts wide net with mortgage subpoenas (Reuters) Posted: 02 Mar 2012 06:03 AM PST Reuters - A Justice Department inquiry into the packaging and sale of home loans by the biggest U.S. banks casts a wide net and appears to significantly overlap with other enforcement efforts, according to people who have viewed subpoenas sent to the firms. |
| Arizona gasoline prices climb for 9th week in row (AP) Posted: 02 Mar 2012 08:39 AM PST AP - Gasoline prices in Arizona are higher at the pumps for the ninth consecutive week. |
| IRS battling conservatives over tax-exempt status (AP) Posted: 01 Mar 2012 01:13 PM PST AP - The Internal Revenue Service is embroiled in battles with tea party and other conservative groups who claim the government is purposely frustrating their attempts to gain tax-exempt status. |
| Toyota says CNN glitch report "grossly inaccurate" (Reuters) Posted: 02 Mar 2012 03:26 AM PST Reuters - Toyota Motor Corp (7203.T) said on Friday a CNN report linking an internal engineering memo to potential glitches that could cause sudden unintended acceleration in its cars was "grossly inaccurate". |
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