SocGen, Generali Join Greece Debt Swap - Bloomberg
March 7th, 2012
Most interesting finance and busines news.
Las Vegas casino owner Steve Wynn unveiled details Friday of a proposed Massachusetts resort casino he hopes to develop near the home of the New England Patriots.
Wynn mailed a brochure and 20-minute DVD to thousands of Foxborough households explaining the proposal, which has met resistance from many residents who are worried that it will add […]
Two Federal Reserve officials opposed additional mortgage-bond purchases by the Fed, saying the measure isn
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Greek lawmakers are debating emergency legislation to approve a massive bond swap that would shave euro107 billion ($142 billion) off the country’s privately held debt.
Parliament will vote late Thursday on the proposed deal, which has already been approved at committee level. The governing coalition controls a strong enough majority to easily pass the law.
The writedown […]
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The new fund designed to spur science startups in Missouri has been declared unconstitutional by a judge in Cole County.
Circuit Judge Dan Green tossed out the Missouri Science and Innovation Reinvestment Act (MOSIRA) in a ruling Tuesday morning, saying that the way it was approved by lawmakers in last fall’s special legislative session violated the […]
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An oil pipeline run by a subsidiary of Italian oil firm Eni SpA has ruptured and caught fire in Nigeria as a militant group claimed responsibility for an attack.
The fire happened Saturday night near Brass River in Nigeria’s Bayelsa state. Witnesses told a local environmental group they heard the blast from their homes.
The Movement for […]
The world’s biggest beer-maker is placing a big bet on a new brew.
Anheuser-Busch InBev this week is rolling out Bud Light Platinum, an upscale version of its best-selling label. It’s the brewer’s latest bid to pump up flagging sales of its flagship brand, and to counter liquor sales that are taking a bite out of […]
Stocks turned mixed Wednesday afternoon, erasing earlier losses, after the Federal Reserve said it will keep interest rates near zero for much longer than it had previously announced. Demand for ultra-safe Treasurys soared, pushing bond yields lower.
The Fed’s monetary policy committee said it is unlikely to raise interest rates before 2014, extending a period of […]
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A pension fund has sued St. Louis-based CPI Corp., alleging that the portrait studio operator broke federal securities laws by misleading investors about the company’s financial health.
The suit, filed by IBEW Local 98 Pension Fund, is seeking class action status for shareholders who purchased the company’s common stock between April 20, 2010 and December 21, […]
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Struggling Kodak is seeking to simplify its structure and cut costs by reducing the number of its business segments from three to two. Shares shot up 34 percent in premarket trading.
Eastman Kodak Co., once a photography pioneer, was pummeled by consumers’ switch to digital. Its fortunes deteriorated further last year, and it said in November […]