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Wall St edges lower after string of gains
(Reuters)
Reuters - Stocks closed slightly lower on Monday as lingering questions about Europe's debt crisis and corporate earnings overshadowed growing optimism about economic growth after a five-week rally.
Greek leaders face crunch talks, unions strike
(Reuters)
Reuters - Greek political leaders face crunch talks on Tuesday to hammer out a deal on unpopular reforms that have prompted the country's biggest labor unions to walk off the job.
Exclusive: Facebook governance a concern for Calif pension fund
(Reuters)
Reuters - Facebook's corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest U.S. investors, the California State Teachers' Retirement System.
Mortgage deal faces setbacks, again
(Reuters)
Reuters - A multi-state mortgage settlement in the works for more than a year will likely be pushed back again as dissident U.S. states continue to press specific concerns and ignore a Monday deadline to decide whether they will sign it.
MGM gets $500 mln loan to expand film, TV slate
(Reuters)
Reuters - Metro-Goldwyn Mayer said its lenders agreed to loan the studio $500 million to retire debt it took on when it emerged from bankruptcy about a year ago and to expand its film and TV production.
Nasdaq core profit tops expectations
(Reuters)
Reuters - Nasdaq OMX Group Inc's core profit topped analysts' expectations for the fourth quarter, boosted by a rise in revenue from market data and technology, which helped offset a soft trading environment.
90 DC workers face firing for unemployment fraud
(AP)
AP - About 90 District of Columbia workers have been suspended and may be fired after officials determined they received unemployment checks while holding city jobs.
Yum Brands posts 30 percent 4th-qtr profit rise
(AP)
AP - Yum Brands Inc., owner of the Pizza Hut, Taco Bell and KFC fast-food chains, said Monday that its fourth-quarter profit rose 30 percent with a recipe of strong overseas growth mixed with a sales turnaround at Pizza Hut in the U.S.
Greece caves in on civil service firings
(AP)
AP - Greece's coalition government caved in to demands to cut civil service jobs, announcing 15,000 positions would go this year, amid mounting international pressure to agree on austerity measures needed to secure major new debt agreements.
Yet Another Boeing Loyalist Brightens the Skyline
(The Motley Fool)
The Motley Fool - Thanks to the nuclear buildup in Iran, defense deals are pouring in. Backed by a solid reputation and loyal customers, Boeing (NYSE: BA - News) seems to have successfully cashed in on the scenario, as it ended 2011 with a bang.
Anti-cuts protests push Romania PM out
(Reuters)
Reuters - Romanian Prime Minister Emil Boc resigned on Monday, joining a list of European leaders felled by fury at the kind of spending cuts that prompted weeks of mass protests in Bucharest against IMF-backed austerity.
Euro zone sales tumble at Christmas, no sign of growth
(Reuters)
Reuters - Retail sales in the euro zone tumbled unexpectedly in December, the biggest drop in the Christmas period in three years, data showed on Friday, with rising joblessness and stubborn inflation undercut signs of a stabilization in Europe's economy.
More than 40 states agree to foreclosure deal
(AP)
AP - More than 40 U.S. states have agreed to a nationwide settlement over foreclosure abuses.
After U.S. oil snub, Canada focuses on China
(Reuters)
Reuters - Canada will focus on exporting oil and other goods to China and other booming Asian economies even if Washington overturns its decision to block a pipeline that would have sent more Canadian crude to the United States.
The Worthless Junk the 1 Percent Waste Their Money On
(ContributorNetwork)
ContributorNetwork - COMMENTARY | Strictly speaking, the 1 percent -- people whose incomes put them above the other 99 percent of us, starting at about $340,000 a year as of 2009, according to IRS data -- don't actually spend much of their money.
Ford won't bid to replace military Humvees
(Reuters)
Reuters - Ford Motor Co said on Monday it had decided not to participate in a new Pentagon competition to replace the U.S. military's fleet of workhorse Humvee vehicles.
