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Business - Google News

Greece to Eliminate 15000 Government Jobs - New York Times
Tue, 07 Feb 2012 01:02:28 GMT

Globe and Mail

Greece to Eliminate 15000 Government Jobs
New York Times
ATHENS — Despite new evidence of a deteriorating economy, Greece said on Monday that it would cut 15000 state jobs this year as part of new austerity measures it intends to adopt to secure new debt agreements from international lenders.
Japanese Stock Futures Little Changed on Greek Debt StalemateBusinessWeek
Papademos Meets Creditors as 'Sacrifice' LoomsBloomberg
Stocks Slip on Wall Street as Greek Talks Drag OnABC News
Reuters -San Francisco Chronicle -Wall Street Journal
all 2,781 news articles »
Stocks Least Loved Since 1980s as Americans Scale Steepest Wall of Worries - Bloomberg
Mon, 06 Feb 2012 19:45:41 GMT

Bloomberg

Stocks Least Loved Since 1980s as Americans Scale Steepest Wall of Worries
Bloomberg
Enlarge image Stocks Least Loved Since '80s as US Scales Wall of Worries Stocks Least Loved Since '80s as US Scales Wall of Worries Spencer Platt/Getty Images Traders work on the floor of the New York Stock Exchange in New York.
Stocks Least Loved Since '80s as US Scales Wall of WorriesBusinessWeek
Stocks Close Modestly Lower After Friday's Rally - U.S. CommentaryNASDAQ
US Stocks Lower at Close; Oil Futures DownWTMA
CNN -Reuters India
all 127 news articles »
Coinstar Buys NCR's Competing DVD Assets For Up To $100M - Wall Street Journal
Tue, 07 Feb 2012 00:35:19 GMT

Kansas City Star

Coinstar Buys NCR's Competing DVD Assets For Up To $100M
Wall Street Journal
By Joan E. Solsman Coinstar Inc. (CSTR) removed a key competitor by agreeing to buy NCR Corp.'s (NCR) DVD-kiosk assets for up to $100 million, building on its RedBox business that saw 40% revenue growth in the fourth quarter thanks to a successful ...
Coinstar's Stock Soars on Strong 4Q for RedboxABC News
Redbox agrees to buy NCR/Blockbuster kiosks as revenue surgesLos Angeles Times
Verizon, Redbox plan Netflix challengeReuters
CNN -San Francisco Chronicle
all 834 news articles »
Nevada's Masto Won't Decide Today on Foreclosure Accord - BusinessWeek
Tue, 07 Feb 2012 01:01:13 GMT

Los Angeles Times

Nevada's Masto Won't Decide Today on Foreclosure Accord
BusinessWeek
Feb. 6 (Bloomberg) -- Nevada Attorney General Catherine Cortez Masto said she won't decide by today's deadline whether to join a nationwide settlement with banks over foreclosure practices. Nevada is “continuing to review the intricate draft settlement ...
Mortgage deal faces setbacks, againReuters
Key states move closer to foreclosure-abuse dealArizona Republic

all 296 news articles »
Yum profit up as China keeps growing - Reuters
Tue, 07 Feb 2012 00:46:43 GMT

Los Angeles Times

Yum profit up as China keeps growing
Reuters
By Lisa Baertlein (Reuters) - KFC parent Yum Brands Inc (YUM.N) reported fourth-quarter earnings that topped Wall Street's view after accelerating sales and operating profit at established restaurants in China helped ease worries that growth in its top ...
Yum Brands 4Q Net Up 30% On Continued Strength In ChinaFox Business
Yum's China margins prove unpalatableFinancial Times
Summary Box: Owner of Pizza Hut, Taco Bell, KFC chains reports sharply higher ...Chicago Tribune

all 195 news articles »
Nabors Former CEO Forfeits $100 Million, Resigns as Chairman - San Francisco Chronicle
Tue, 07 Feb 2012 00:45:48 GMT

Houston Chronicle

Nabors Former CEO Forfeits $100 Million, Resigns as Chairman
San Francisco Chronicle
Feb. 6 (Bloomberg) -- Nabors Industries Ltd. former Chief Executive Officer Eugene Isenberg forfeited his rights to a $100 million payment and will resign as chairman of the largest contractor for onshore oil and natural-gas drilling rigs.
Nabors Ex-CEO Waives Right to $100 MillionWall Street Journal
US CEO gives up $100mn payoutAFP
Nabors' Isenberg gives up $100 million pay claimReuters
Adelaide Now -Fox Business -Bizjournals.com
all 52 news articles »
China's 'Sunshine' Trusts Miss Hedge-Fund Slump - Bloomberg
Tue, 07 Feb 2012 01:09:14 GMT

Bloomberg

China's 'Sunshine' Trusts Miss Hedge-Fund Slump
Bloomberg
Enlarge image China's Quasi Hedge Funds Avoid Global Malaise China's Quasi Hedge Funds Avoid Global Malaise Qilai Shen/Bloomberg Pedestrians are reflected in the window at a securities exchange firm in Shanghai. Chinese millionaires, who are restricted ...
China Stock Market May See Mild ConsolidationNASDAQ
China's 'Sunshine' Trusts Miss Hedge-Fund Slump as Assets TripleSan Francisco Chronicle
TPG raises $635 mln China funds in tough marketsReuters
Wall Street Journal -EastDay.com
all 29 news articles »
Brent jumps to 6-month high on Europe cold snap - Reuters
Tue, 07 Feb 2012 00:47:08 GMT

The Guardian

Brent jumps to 6-month high on Europe cold snap
Reuters
* Brent premium to WTI rises to $19 * Gas oil up 3.5 pct on European weather * Coming up: API oil data 4:30 pm EST Tuesday (Recasts, updates with settlement prices) By Robert Gibbons NEW YORK, Feb 6 (Reuters) - Brent oil rose for a fifth straight ...
Large US oil supplies push down crude prices; oil falls below $97 per barrelWashington Post
Oil Falls as Greece Wrestles With Agreement to Avert DefaultBusinessWeek
Saudis risk Iranian anger over crude flowFinancial Times

all 615 news articles »
Housing plan helps nearly 1 million homeowners - Reuters
Mon, 06 Feb 2012 22:50:58 GMT

Forbes

Housing plan helps nearly 1 million homeowners
Reuters
| WASHINGTON (Reuters) - Nearly 1 million US homeowners have won permanent reductions on mortgage payments since the Obama administration launched its foreclosure prevention program in 2009, the US Treasury said on Monday, only a fraction of the total ...
JP Morgan: Obama's housing program could help 500000 more homeownersWashington Post (blog)
What The Mortgage Relief Plan Would Do For HomeownersForbes
HAMP Program To Undergo Some TweaksExaminer.com
MNI News -Tulsa World
all 30 news articles »
MF Trustee Traced $105B in Cash Movement - Bloomberg
Tue, 07 Feb 2012 00:49:25 GMT

Bloomberg

MF Trustee Traced $105B in Cash Movement
Bloomberg
Enlarge image Jon Corzine Jon Corzine Andrew Harrer/Bloomberg Jon S. Corzine, former chairman and chief executive officer of MF Global Holdings Ltd., finishes his opening statement in front of a House Financial Services Committee in Washington on Dec.
MF Trustee: Funds Missing Days Before BankruptcyWall Street Journal
MF Brokerage Trustee Traces $1.2 Billion Lost Over Five DaysSan Francisco Chronicle
MF Global shortfall worsened as bankruptcy nearedReuters
BusinessWeek -Financial Times -TheStreet.com
all 106 news articles »

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 Word of the day 

Merriam-Webster's Word of the Day for February 06, 2012 is:

propinquity • \pruh-PING-kwuh-tee\  • noun
1 : nearness of blood : kinship 2 : nearness in place or time : proximity

Examples:
Many of the retirement community's residents cite the propinquity of the area's various cultural offerings as a significant reason for their choice of the facility.

"Canada was faced with the overwhelming propinquity of the United States; it was just next door -- for almost nine thousand kilometres." -- From Derek Lundy's 2011 book Borderlands: Riding the Edge of America

Did you know?
"Propinquity" and its cousin "proximity" are related through the Latin root "prope," which means "near." That root gave rise to "proximus" (the parent of "proximity") and "propinquus" (an ancestor of "propinquity"). "Proximus" is the superlative of "prope" and thus means "nearest," whereas "propinquus" simply means "near" or "akin," but in English "propinquity" conveys a stronger sense of closeness than "proximity." (The latter usually suggests a sense of being in the vicinity of something.) The distinctions between the two words are subtle, however, and they are often used interchangeably. "Propinquity" is believed to be the older of the two words, first appearing in English in the 14th century; "proximity" followed a century later.

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