Oil falls from close to 10-month high to near $107

Oil prices fell to near $107 a barrel Tuesday in Asia, slipping from close to 10-month highs ahead of new data on the U.S. economy.
Benchmark oil for April delivery was down 80 cents to $107.29 a barrel at late afternoon Singapore time in electronic trading on the New York Mercantile Exchange. The contract rose $1.03 […]

Can you trust money market funds?

Let’s answer a couple of reader questions on money market funds and ancient certificates of deposit.
What do I tell my mother who is wondering if she should put all her money out of money market accounts so that she won’t lose any of her money?  Are they not insured by FDIC? — L.J., Kirkwood
That depends […]

Iran rejects claims of cleaning up nuclear works

Iran on Tuesday rejected allegations it attempted to clean up radioactive traces possibly left by secret nuclear work at a key military site before granting U.N. inspectors permission to visit the facility.
Foreign Ministry spokesman Ramin Mehmanparast told reporters in Tehran that the allegations were misleading and false, and insisted that such traces could not be […]

Monti Targets Labor Revamp as Jobless Youth Join Trapped Firemen - Bloomberg

Riccardo Coladarci, a firefighter in Rome for seven years, is trapped and says now it

SocGen, Generali Join Greece Debt Swap - Bloomberg

Societe Generale SA (GLE), France

FDIC closes small banks in Georgia, Minnesota

Regulators on Friday shuttered small banks in Georgia and Minnesota, bringing to 11 the number of U.S. bank failures this year.
By this time last year, regulators had closed more than twice as many banks _ 23.
All told, 92 banks were closed in 2011, representing a sharp decline from the two previous years, when banks were […]

China Cuts Reserve-Ratio for Growth as Inflation Deters Interest-Rate Move - Bloomberg

China is seen making more cuts to banks

Sweden Abandons Rate Rises as Euro Crisis Hits Nordics: Economy - Bloomberg

Sweden

Pinterest quietly profits off its users’ links

The social networking field’s buzziest startup is under fire this week for not being completely transparent with its users.
Pinterest, which allows users to create a virtual pinboard showcasing items they find around the Web, has quietly been appending affiliate links to some pins — the ones featuring goods for sale online through Amazon […]

FTC opposed to Express Scripts-Medco deal, Reuters reports

Key officials at the Federal Trade Commission are gathering evidence in an effort to halt Express Scripts’ planned acquisition of rival Medco Health Solutions, Reuters reported today.
The deal between the two major pharmacy benefit managers , which was announced in July, still needs approval from Federal Trade Commission, which handles antitrust inquiries for that industry.
Reuters, […]