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Most U.S. Stocks Fall Amid Economic Reports - Wednesday, February 22, 2012
(Bloomberg) Most U.S. stocks fell, a day after the Standard & Poor’s 500 Index failed to hold at an almost four-year high, as sales of previously owned houses missed estimates and amid disappointing data from Europe and China.
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Euro zone teetering on brink of recession - Wednesday, February 22, 2012
(Reuters) - The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week.
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Obama Administration to unveil corporate tax reform - Wednesday, February 22, 2012
(Fox News) The Obama administration plans to unveil a long-awaited corporate tax reform plan on Wednesday, lowering the top income-tax rate for corporations to 28 percent from 35 percent while eliminating deductions.
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White House opens door to aid for Syrian rebels - Tuesday, February 21, 2012
(Fox News) The Obama administration opened the door slightly Tuesday to international military assistance for Syria's rebels, with officials saying new tactics may have to be explored if President Bashar Assad continues to defy pressure to halt a brutal crackdown on dissenters.
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Oil Rises to Nine-Month High on Greece, Iran - Tuesday, February 21, 2012
(Bloomberg) Oil increased to a nine-month high after Greece won a second bailout and Iran said it stopped selling crude to France and Britain.
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Iranian Warships dock at Syrian Port - Tuesday, February 21, 2012
(Fox News) Two Iranian warships docked at the Syrian port of Tartus in what was described as a training mission, following a provocative journey through the Suez Canal at a time of global tension over the Islamic Republic's nuclear ambitions.
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EU Leaders to ask G20 to back higher IMF funds - Tuesday, February 21, 2012
(Reuters) - European Union leaders will call at a summit next week for the world's 20 biggest economies (G20) to agree in April to substantially boost funds available to the International Monetary Fund, draft conclusions of the meeting showed.
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Greek Rescue Leaves Europe Default Risk Alive - Tuesday, February 21, 2012
(Bloomberg) Europe is still struggling to avoid the threat of default as investors warned Greece will soon risk violating the terms of its second bailout in three years. Seven months of negotiations ended in the pre-dawn hours in Brussels with Greece winning 130 billion euros ($172 billion) in aid it needs to avoid a March bankruptcy. Any respite may prove temporary after it signed up to a program of austerity and economic reform aimed at slashing debt to 120.5 percent of gross domestic product by 2020 from about 160 percent last year.
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Greece to get $170BL Bailout - Tuesday, February 21, 2012
(Fox News) After more than 12 hours of talks, the countries that use the euro reached an agreement early Tuesday to hand Greece euro130 billion ($170 billion) in additional bailout loans to save it from a potentially disastrous default next month.
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EU likely to adopt further sanctions against Syria: Germany - Tuesday, February 21, 2012
(Reuters) - The European Union will likely adopt fresh sanctions against the government of Syrian President Bashar al-Assad in the coming week, German Foreign Minister Guido Westerwelle said on Monday.
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