Yahoo! News: Business News
Business News
GM says most of its US dealers agree to upgrades
(AP)
Sat, 04 Feb 2012 21:56:27 GMT
AP - General Motors Co. said Saturday that most of its 4,400 U.S. dealers have agreed to upgrade their showrooms over the next four years.
Oil prices rise after drop in US hiring expands
(AP)
Fri, 03 Feb 2012 20:56:30 GMT
AP - A surge in U.S. hiring lifted oil prices for the first time in a week. As more Americans commute to work and the economy picks up, demand for energy is expected to rise.
Greece on "knife edge" in push to agree bailout
(Reuters)
Sun, 05 Feb 2012 17:22:52 GMT
Reuters - Greece's prime minister scrambled Sunday to convince lenders and politicians to sign off on a 130 billion euro rescue, after his finance minister said just hours remained to clinch a deal to avoid a messy default.
New York sues banks over electronic mortgage system
(Reuters)
Fri, 03 Feb 2012 22:54:10 GMT
Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
With sparse data, focus returns to Europe
(Reuters)
Sun, 05 Feb 2012 17:24:17 GMT
Reuters - Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction.
Palestinians call for PM's fall over taxes
(AP)
Sat, 04 Feb 2012 12:27:10 GMT
AP - Hundreds of Palestinian protesters have called for their prime minister's resignation over recent tax and price increases.
Euro zone sales tumble at Christmas, no sign of growth
(Reuters)
Fri, 03 Feb 2012 11:38:05 GMT
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.
Europe's shadow darkens outlook
(Reuters)
Sun, 05 Feb 2012 20:35:38 GMT
Reuters - A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report.
Aon Q4 profit rises, but margin pressures persist
(Reuters)
Fri, 03 Feb 2012 15:54:58 GMT
Reuters - Aon Corp posted a higher quarterly profit that narrowly beat market estimates, but the world's largest insurance broker continued to face margin pressures in its Aon Hewitt segment for the second-straight quarter.
Euro zone insists no Greek rescue without reforms
(Reuters)
Sun, 05 Feb 2012 14:15:41 GMT
Reuters - Euro zone finance ministers told Greece it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed to implement reforms to secure a second financing package from the euro zone and the IMF.
Romney focuses on Obama, Gingrich on Romney in NV
(AP)
Fri, 03 Feb 2012 23:35:33 GMT
AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.
Conservative wins Finland presidential vote
(AP)
Sun, 05 Feb 2012 20:17:48 GMT
AP - A former finance minister won Finland's presidential election Sunday and will become the country's first conservative head of state in five decades.
Glencore, Xstrata hammering out final deal details
(Reuters)
Sun, 05 Feb 2012 15:02:16 GMT
Reuters - Top executives at trader Glencore and miner Xstrata are hammering out the final details of an $80 billion tie-up to seal the industry's largest ever takeover, which could be announced as early as Tuesday.
Markets rally after forecast-busting US jobs data
(AP)
Fri, 03 Feb 2012 14:42:40 GMT
AP - Stocks spiked sharply higher on Friday after forecast-busting U.S. jobs figures reinforced hopes that the recovery in the world's largest economy is gathering pace at a time when other regions, notably Europe, may be heading back into recession.
Greek crisis talks for debt deal pushed to Monday
(AP)
Sun, 05 Feb 2012 20:08:14 GMT
AP - Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government were suspended and will continue Monday.
Nigeria oil line on fire; militants claim attack
(AP)
Sun, 05 Feb 2012 14:52:46 GMT
AP - An Eni SpA oil pipeline ruptured and caught fire as a militant group claimed responsibility for an attack in the region, their first alleged assault in months as its purported leader awaits trial on terrorism charges in South Africa.
