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The stock market appeared headed Tuesday for its best January finish since 1997. Stocks climbed because of hopes that Greece was finally close to resolving its debt problem, then lost ground after an unexpected drop in consumer confidence.
The Dow Jones industrial average was down two points at 12,652 just before 10:30 a.m. EST. The Standard […]
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The Dutch finance minister says Greece’s private creditors may be forced to take losses if they can’t reach a deal to cut the country’s massive debt pile voluntarily _ the first eurozone finance minister to do so.
Jan Kees de Jager said Monday that “we’ve never said it (the debt restructuring) must be voluntary. Our goal […]
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Olympus Corp. said Tuesday that top executives used acquisitions to hide massive losses, reversing denials of any wrongdoing as one of the largest accounting frauds in Japanese history tarnishes the nation’s corporate image.
Tokyo-based Olympus, which makes cameras and medical equipment, has been battered by a scandal over a $687 million payment for financial advice and […]
Chrysler Group LLC and the United Auto Workers negotiators agreed on a new four-year contract early Wednesday that creates 2,100 new jobs.
Chrysler also will invest $4.5 billion in its plants under the deal, which covers 26,000 U.S. workers.
“This agreement is the latest in a remarkable turnaround for Chrysler,” UAW Vice President General Holiefield said in […]
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The economy grew slightly faster in the spring than previously estimated but remained dangerously weak as the country struggled with surging gas prices and high unemployment.
The Commerce Department says the economy grew at an annual rate of 1.3 percent in the April-June quarter, up from an estimate of 1 percent made a month ago. The […]
A key federal report goes further than other investigations and puts ultimate responsibility on BP for the worst offshore oil spill in U.S. history and the deaths of 11 rig workers, especially regarding the cement seal that was put in place the day before the explosion that triggered the spill.
The report, released Wednesday, said in […]
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The Toronto stock market headed sharply higher Tuesday after a series of plunges brought the TSX to its lowest level in a year in the previous session.
The S&P/TSX composite index gained 125.44 points to 11,796.4 while the TSX Venture Exchange added 7.44 points to 1,689.73 as traders looked to an afternoon announcement by the U.S. […]