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• Consumer confidence slips as home prices decline (Reuters)
• Wall Street drifts lower on home price and consumer data (Reuters)
• Retail sales spike week before Christmas: report (Reuters)
• GM up after high marks from Wall Street (Reuters)
• Institutional investor confidence rises in December (Reuters)
• European stocks slide on China rate action (AFP)
• China needs to maintain trade surplus: vice minister (Reuters)
• Cal-Maine Foods 2Q net income down on feed costs (AP)
• Russian senator gets life in jail for 14 killings (AP)
• Dai-ichi to take over Australia's Tower for $1.2 billion (Reuters)
• Ally Financial (Investor's Business Daily)
• Barnes & Noble loses bid to end Nook lawsuit (Reuters)
• Home prices falling faster in biggest US cities (AP)
• Iraqi Kurds push for recognition of oil deals (AP)
• Musselshell County turns down coal mine tax break (AP)
• Ford to expand fuel-saving tech (Investor's Business Daily)

Consumer confidence slips as home prices decline (Reuters) Posted: 28 Dec 2010 08:09 AM PST Reuters - Consumer confidence unexpectedly deteriorated in December, while prices of U.S. single-family homes fell almost double the expected pace in October, tempering growing optimism on the economy's recovery.

Wall Street drifts lower on home price and consumer data (Reuters) Posted: 28 Dec 2010 07:46 AM PST Reuters - U.S. stocks were little changed on Tuesday as investors were reluctant to take large positions in either direction and largely shrugged off weaker-than-expected data on consumer confidence and home prices.

Retail sales spike week before Christmas: report (Reuters) Posted: 28 Dec 2010 07:27 AM PST Reuters - U.S. retail sales rose in the week before Christmas as shoppers hurried to finish their gift-buying, putting holiday sales on track to hit the high end of estimates, according to data released on Tuesday by the International Council of Shopping Centers and Goldman Sachs.

GM up after high marks from Wall Street (Reuters) Posted: 28 Dec 2010 08:58 AM PST Reuters - General Motors Co shares rose as much as 2.5 percent in midday trading on Tuesday after banks resumed coverage of the automaker with high marks for its North American sales and position in emerging markets.

Institutional investor confidence rises in December (Reuters) Posted: 28 Dec 2010 08:50 AM PST Reuters - Confidence among global institutional investors rose in December, as improved sentiment toward the United States outweighed continued concerns about Europe, State Street Corp said on Tuesday.

European stocks slide on China rate action (AFP) Posted: 27 Dec 2010 04:07 AM PST AFP - European stock markets retreated Monday, with sentiment dampened by a rise in Chinese interest rates, while the euro edged higher.

China needs to maintain trade surplus: vice minister (Reuters) Posted: 27 Dec 2010 05:09 PM PST Reuters - It is essential for China to maintain a trade surplus and expand its share of global trade, a senior official said in comments reported on Tuesday that appeared to cut against the government's pledge to seek more balanced trade ties.

Cal-Maine Foods 2Q net income down on feed costs (AP) Posted: 27 Dec 2010 12:39 PM PST AP - Second-quarter net income at Cal-Maine Foods Inc. fell nearly 6 percent, the company said Monday, citing higher feed costs.

Russian senator gets life in jail for 14 killings (AP) Posted: 28 Dec 2010 07:43 AM PST AP - A former Russian senator was sentenced to life in jail for ordering multiple killings and financing a criminal group.

Dai-ichi to take over Australia's Tower for $1.2 billion (Reuters) Posted: 28 Dec 2010 02:04 AM PST Reuters - Dai-ichi Life Insurance Co will take full control of Tower Australia Group Ltd for $1.2 billion in cash, the latest in overseas acquisitions by Japanese insurers keen to move away from a stagnant home market.

Ally Financial (Investor's Business Daily) Posted: 27 Dec 2010 03:33 PM PST Investor's Business Daily - Ally Financial, once known as GMAC Mortgage, will pay $462 mil to settle claims on $292 bil in home loans that it sold to Fannie Mae (OTCBB:FNMA.ob - News) prior to the '08 financial crisis.

Barnes & Noble loses bid to end Nook lawsuit (Reuters) Posted: 28 Dec 2010 07:49 AM PST Reuters - Barnes & Noble Inc failed to win dismissal of Spring Design Inc's lawsuit accusing the largest U.S. bookseller of illegally copying its dual-display design for its Nook electronic book reader.

Home prices falling faster in biggest US cities (AP) Posted: 28 Dec 2010 08:35 AM PST AP - Home prices are dropping in the nation's largest cities and are expected to keep falling next year, as fewer people purchase homes and millions of foreclosures come on to the market.

Iraqi Kurds push for recognition of oil deals (AP) Posted: 28 Dec 2010 06:28 AM PST AP - Iraq's Kurds said Tuesday they won't resume oil exports from their self-ruled territory unless the central government recognizes the contracts they have already signed on their own with international energy companies.

Musselshell County turns down coal mine tax break (AP) Posted: 27 Dec 2010 04:21 PM PST AP - Musselshell County commissioners on Monday turned down a requested tax break for an underground coal mine that would have cost the county between $7.5 million and $10 million over the next five years.

Ford to expand fuel-saving tech (Investor's Business Daily) Posted: 27 Dec 2010 03:33 PM PST Investor's Business Daily - The carmaker plans to install a fuel-saving technology into a wider range of vehicles in N. America starting in 2012. Auto Start-Stop shuts off the engine when a car stops while keeping other systems on, promising to improve fuel economy by 4% or more. It is now available in the Fusion Hybrid and Escape Hybrid as well as some models sold in Europe. But Ford will install it in additional cars, crossovers and SUVs. It rose 0.5% to 16.87.

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