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Greek rhetoric turns into battle of wills - Financial Times2/15/2012 1:19 PM

CTV.ca

Greek rhetoric turns into battle of wills
Financial Times
By Kerin Hope in Athens and Peter Spiegel in Brussels The battle of wills between Athens and its eurozone lenders intensified on Wednesday, with Greece's finance minister accusing “forces in Europe” of pushing his country out of the euro while his ...
Finance Ministers Debate Delaying Release of Bailout FundsNew York Times
Chalco Leads State Stock Rally on Europe Pledge: China OvernightBusinessWeek
Doubts in some euro countries over whether Greek bailout will workWashington Post
Bloomberg -Reuters
all 5,907 news articles »
Oil spikes on Iran fears - CNN2/15/2012 1:17 PM

Toronto Star

Oil spikes on Iran fears
CNN
By Maureen Farrell @CNNMoneyMarkets February 15, 2012: 2:14 PM ET Brent crude - Europe's benchmark - has moved up steadily in 2012 as investors grow increasingly concerned about Iran. NEW YORK (CNNMoney) -- Prices for Brent crude oil rose to their ...
Oil near 6-month high on supply risks, Greece eyedReuters
Report Of Iran Oil Cut Briefly Lifts Brent Crude To 6-Month HighWall Street Journal
Summary Box: US bid to crimp Iran oil sales stumblesWashington Post
The Guardian -BusinessWeek -MarketWatch
all 1,828 news articles »
Kellogg's tucks into Pringles for $2.7bn - The Guardian2/15/2012 1:14 PM

The Guardian

Kellogg's tucks into Pringles for $2.7bn
The Guardian
Kellogg Company, the breakfast cereal giant, is gobbling up the Pringles snack brand in a lightning $2.7bn (£1.72bn) deal announced yesterday. The sale adds Pringles to the Kellogg store cupboard which includes well known breakfast cereals such as ...
Kellogg to buy Pringles; P&G, Diamond end dealDailyFinance
Kellogg pays P&G $2.7bn for PringlesFinancial Times
Kellogg Makes Gr-r-reat MoveBarron's
MarketWatch -Los Angeles Times -Christian Science Monitor
all 508 news articles »
GM to Freeze Pay, Pare Bonuses - Wall Street Journal2/15/2012 1:11 PM

USA TODAY

GM to Freeze Pay, Pare Bonuses
Wall Street Journal
By SHARON TERLEP General Motors Co. is eliminating annual pension contributions for US salaried workers who still receive them and will pare 2011 bonuses for all salaried workers, the auto maker said on Wednesday. The Detroit company also won't give ...
GM Moves 19000 US Salaried Workers to 401(k) From PensionsBusinessWeek
GM ending traditional pension for US salaried workersReuters
GM dumps pay raises for salaried workers, opts for bonusesUSA TODAY
Bloomberg -Washington Post -Fox Business
all 157 news articles »
Fed Officials Divided on More Action - Wall Street Journal2/15/2012 1:09 PM

Bloomberg

Fed Officials Divided on More Action
Wall Street Journal
By KRISTINA PETERSON And JEFFREY SPARSHOTT US Federal Reserve officials were divided at their last meeting over whether and when the central bank should start buying more securities in an effort to keep interest rates low and spur investment.
Fisher: Fed cannot solve jobs crisisSan Antonio Express
Fed could hike interest rates before late 2014: Reuters pollReuters
Williams Says Fed Should Keep US Monetary Throttle Wide OpenBusinessWeek
Bloomberg -Washington Post
all 286 news articles »
Citi Mortgage Unit to Pay $158.3 Million to End Suit - Wall Street Journal2/15/2012 1:27 PM

CNBC.com

Citi Mortgage Unit to Pay $158.3 Million to End Suit
Wall Street Journal
By CHAD BRAY NEW YORK—A Citigroup Inc. mortgage unit has agreed to pay $158.3 million to resolve allegations by the US related to the quality of loans it submitted to a US government-backed mortgage insurance program. As part of the settlement, ...
Citi to Pay $158.3M in Home-Loan SettlementFox Business
Citigroup Mortgage Unit to Pay $158.3 Million in SettlementBusinessWeek
Citigroup to pay $158.3M in mortgage settlementChicago Tribune
Reuters
all 23 news articles »
Yahoo CEO's new hurdle: board challenge - MarketWatch2/15/2012 11:28 AM

New York Times

Yahoo CEO's new hurdle: board challenge
MarketWatch
By Benjamin Pimentel, MarketWatch SAN FRANCISCO (MarketWatch) — What's already expected to be a tough transition year for Yahoo Inc. under a new chief executive, Scott Thompson, potentially got rockier with a battle now looming over control of the ...
Yahoo-Alibaba talks falling apart: sourcesReuters
Yahoo Faces Stalled Deal and Fight Over BoardNew York Times
Sources say Yahoo's talks to sell stakes in Alibaba, Yahoo Japan break down ...Washington Post
BusinessWeek -TheStreet.com -ABC News
all 770 news articles »
Obama Wants to Make Cheaper Pennies and Nickels - TIME2/15/2012 12:26 PM

TIME

Obama Wants to Make Cheaper Pennies and Nickels
TIME
By Josh Sanburn | @joshsanburn | February 15, 2012 | + It's one of the more inconvenient truths about US currency: It costs more than a penny to make a penny, and more than a nickel to make a nickel. Now, President Obama is trying to get Congress to ...
Obama Wants Cheaper Pennies And NickelsNBC Montana
Obama's 2013 Budget Seeks Increased Flexibility for Coin CompositionsCoin Update News
Get rid of pennies, nickels, dollar billsYork Daily Record
Utica Observer Dispatch -The Atlantic Wire
all 63 news articles »
Home Building Sentiment on the Rise - Fox Business2/15/2012 1:01 PM

msnbc.com

Home Building Sentiment on the Rise
Fox Business
To the extent that sentiment is a leading indicator, the large jump in today's NAHB report should provide some much-needed lift to new home sales. Home builder confidence is rising, hitting its highest level in four years and raising optimism that the ...
Summary Box: Survey shows US homebuilder optimism rises for 5th straight month ...Washington Post
Homebuilder optimism rises for fifth straight monthUSA TODAY
US Homebuilder Confidence Increased to Highest Since '07Bloomberg
Forbes -ABC News
all 249 news articles »
John Paulson misses on bank stocks, again - CNNMoney2/15/2012 12:07 PM

CNNMoney

John Paulson misses on bank stocks, again
CNNMoney
By Stephen Gandel, senior editor February 15, 2012: 1:06 PM ET John Paulson, the hedge fund manager who made billions betting against housing in 2007 and 2008, sold much of his stakes in the nation's largest financial firms in late-2011, missing this ...
Bank of America, Wells Fargo Hedge Fund Plays are About TimingTheStreet.com
Eton Park, Arrowstreet Buy Bank of America Ahead of RallyBusinessWeek
Big Investors Sold Millions of Bank Shares Before 2012 RallyWall Street Journal (blog)
Los Angeles Times -FierceFinance -Reuters
all 81 news articles »


Business
World Bank President Zoellick Resigns2/15/2012 12:27 PM
(WASHINGTON) — World Bank President Robert Zoellick said Wednesday he is stepping down, raising the possibility that a non-American might be chosen for the first time to head the 187-nation lending organization. Zoellick, 58, informed the board he will leave June 30 at the end of a five-year term, during which he led the bank’s [...]
LightSquared’s Broadband Rejection a Blow for Wireless Competition2/15/2012 12:14 PM
The federal government’s rejection of LightSquared’s ambitious plan to launch a nationwide wireless network is a major setback for hedge fund manager Phil Falcone, who poured billions of dollars into the project. But it also deals a blow to the prospect of more competition in the broadband space, which could have meant more choices for [...]
Kellogg to Buy Pringles; P&G, Diamond End Deal2/15/2012 9:22 AM
NEW YORK — Kellogg has popped up to buy the Pringles chip brand from Procter & Gamble for $2.7 billion after a similar deal with Diamond Foods was derailed by accounting problems and an executive shakeup at Diamond. The addition will help Kellogg with its goal of becoming as big globally in snacks as it is in cereal. The [...]
Facebook Slammed Again Over Zuckerberg’s ‘Autocratic’ Control2/15/2012 6:00 AM
As social-networking giant Facebook prepares to go public, the company continues to attract criticism over its corporate governance structure, which is set up to give founder and CEO Mark Zuckerberg iron-clad control over its business. The latest broadside came Monday from Institutional Shareholder Services, a proxy firm that advises large shareholders of public companies. In [...]
Are China’s Big State Companies a Big Problem for the Global Economy?2/15/2012 3:06 AM
The most important economic story of the first half of the 21st century is how China is changing the global economy. There are a lot of benefits to this change – hundreds of millions of new consumers to drive global growth, fresh opportunities for entrepreneurship and job creation and heightened demand for everything from American corn [...]
Yahoo’s Talks to Sell Asian Assets Fall Apart2/14/2012 3:34 PM
SAN FRANCISCO — Yahoo’s negotiations to sell most of its Asian holdings have abruptly broken down in a disagreement over the sales price and the best way to get the complex deal done. A person familiar with the matter confirmed the impasse Tuesday. The person spoke on condition of anonymity because Yahoo’s efforts to sell [...]
Can Jeremy Lin End the MSG/Time Warner Cable War?2/14/2012 2:08 PM
He may have outplayed NBA superstar Kobe Bryant in the Garden Friday night, but the pressure keeps mounting on New York Knicks guard Jeremy Lin. Now, the pro-basketball Cinderella Story is being counted on to end the entrenched carriage war between the Madison Square Garden Company and Time Warner Cable. Since Jan. 1, about 2.8 [...]
Apple Threatened with iPad Shipment Ban in China Trademark Fight2/14/2012 10:25 AM
Apple’s trademark dispute with a Chinese firm over the term “iPad” is getting knottier by the day for the U.S. technology giant. Proview Technology, which says it owns the trademark for “iPad” in China, plans to ask Chinese customs authorities to ban all imports and exports of Apple’s wildly popular computer tablet, according to multiple [...]
McDonald’s Asks Suppliers to Stop Using Hog Crates2/14/2012 10:01 AM
DES MOINES, Iowa  — McDonald’s Corp. said Monday it will require its U.S. pork suppliers to provide plans by May to phase out crates that tightly confine pregnant sows, a move that one animal rights group predicted would have “a seismic impact” on the industry. The U.S. pork industry generates sales of about $21 billion a year, [...]
Retail Sales Rebound as Consumers Step Up2/14/2012 9:03 AM
(WASHINGTON) — Americans rebounded from a weak holiday season and stepped up spending on retail goods in January, an encouraging sign for the strengthening economy. Retail sales rose at a seasonally adjusted 0.4 percent last month, the Commerce Department said Tuesday. Consumers spent more on electronics, home and garden supplies, sporting goods, at department and [...]


Yahoo! News: Top Stories
Negotiators reach tentative payroll tax cut pact (AP) business2/14/2012 9:42 PM

President Barack Obama speaks to continue to push Congress to act to extend the payroll tax cut and unemployment insurance through the end of the year, Tuesday, Feb. 14, 2012,  in the Old Executive Office building on the White House complex in Washington. (AP Photo/Susan Walsh)AP - House-Senate talks on renewing a payroll tax cut that delivers about $20 a week to the average worker yielded a tentative agreement Tuesday, with lawmakers planning to unveil the pact Wednesday and sending the measure to President Barack Obama as early as this week.


US, Europe look at fast but risky penalty on Iran (AP) politics2/14/2012 10:23 PM

Police officers stand around an Israeli diplomat's car that was damaged in an explosion in New Delhi, India, Tuesday, Feb. 14, 2012.  Indian investigators were searching Tuesday for the motorcycle assailant who attached a bomb to an Israeli diplomatic car in the heart of New Delhi in an attack the Jewish state blamed on Iran or its proxies.(AP Photo/Mustafa Quraishi)AP - The United States and Europe are considering unprecedented punishment against Iran that could immediately cripple the country's financial lifeline. But it's an extreme option in the banking world that would come with its own costs.


Thai police: 3rd Iranian involved in blasts fled (AP) world2/15/2012 1:53 AM

A Thai Explosive Ordnance Disposal (EOD) official examines a backpack that was left on the bomb site by a suspected bomber in Bangkok, Thailand Tuesday, Feb. 14, 2012. Thai police say two explosions have occurred in a Bangkok neighborhood. But it was not immediately clear what caused the blasts or wether there were an fatalities. (AP Photo/Apichart Weerawong)AP - Police in Thailand say the third Iranian suspect involved in a series of blasts in Bangkok has escaped into Malaysia.


GOP critics hit Obama's $3.8 trillion budget (AP) business2/14/2012 8:37 PM

Treasury Secretary Timothy Geithner testifies on Capitol Hill in Washington, Tuesday, Feb. 14, 2012, before the Senate Finance Committee hearing on President Barack Obama's fiscal 2013 federal budget.   (AP Photo/J. Scott Applewhite)AP - Treasury Secretary Timothy Geithner told Congress Tuesday that the president's new $3.8 trillion spending plan would impose new taxes on only 2 percent of the nation's wealthiest families and the alternative would be to seek more painful cuts in other government programs such as defense, Social Security and Medicare.


Santorum revels in sudden support — but how deep? (AP)    2/15/2012 1:31 AM
AP - The latest Republican to surge in polls, Rick Santorum is trying to turn his newfound strength into something lasting.
For Houston mourners, a dearth of places to grieve (AP) entertainment2/15/2012 1:30 AM

People walk past, a large image of Whitney Houston displayed on the side of the Prudential Center in Newark, N.J., Tuesday, Feb. 14, 2012. Houston's funeral will be held Saturday in the church where she first showcased her singing talents as a child, her family choosing to remember her in a private service rather than in a large event at an arena. Officials had discussed the possibility of holding a memorial at the Prudential Center, a major sports and entertainment venue that can seat about 18,000 people, but the funeral home said it had been ruled out. Houston, 48, died Feb. 11 at a hotel in Beverly Hills, Calif., just hours before she was set to perform at producer Clive Davis' pre-Grammy Awards bash. (AP Photo/Mel Evans)AP - Like Whitney Houston's hit "Where Do Broken Hearts Go," her fans are wondering the same.


Va. House GOP muscles through abortion curbs (AP) us2/14/2012 8:14 PM

Del. Robert Marshall, R-Prince William, holds a paper as he talks about his Personhood bill as Del. David Ramadan, R-Loudon, bottom, listens during the House session at the Capitol in Richmond, Va., Tuesday, Feb. 14, 2012.  Legislation that says human life begins at conception advanced Monday in the Virginia House of Delegates, which also rejected an amendment aimed at clarifying that birth control would remain legal.   (AP Photo/Steve Helber)AP - A Republican supermajority has muscled two of the most restrictive anti-abortion bills in years through the Virginia House, including one that would all but outlaw the procedure in the state by declaring that the rights of persons apply from the moment sperm and egg unite.


Woman sentenced for spiking Utah man's smoothie (AP) us2/14/2012 8:17 PM

FILE - This image provided by the Lane County Jail shows Selena Irene York who is charged with trying to poison a man with a poisoned peach smoothie. York is scheduled to be sentenced Tuesday Feb. 14, 2012. York pleaded no contest to reduced charged of aggravated assualt and forgery in December. (AP Photo/Lane County Jail, File)AP - A Utah woman was sentenced Tuesday to consecutive prison terms for spiking a 79-year-old man's peach smoothie with antifreeze after taking control of his bank accounts.


Pekingese becomes America's top dog at Westminster (AP) science2/15/2012 12:20 AM

Malachy, a Pekingese, sits in the trophy after being named best in show at the 136th annual Westminster Kennel Club dog show in New York, Tuesday, Feb. 14, 2012. (AP Photo/Seth Wenig)AP - Malachy the Pekingese, whose smushed-in face frames a mop of flyaway fur and whose pace rivals a snail's, is the fairest dog in the land.


Lin hits game-winner as Knicks beat Raptors (AP) sports2/14/2012 10:32 PM

New York Knicks guard Jeremy Lin (17) has the ball stripped as he is double-teamed by Toronto Raptors guards Jose Calderon, right, and Leandro Barbosa during the first half of an NBA basketball game in Toronto on Tuesday, Feb. 14, 2012. (AP Photo/The Canadian Press, Frank Gunn)AP - Even after his amazing week, this one took Linsanity to a whole new level. Against Toronto on Tuesday, it was Lin for the win!


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