 Spain vows to fight tax evasion, trim government
(AP)
 05.01.2012 15:42  4 views  0 comments
AP - Spain's new conservative government will crack down on tax evasion and trim the public sector in its drive to chip away at a bloated budget deficit, an official said Thursday. Read more »
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Rate on 30-year mortgage down to record 3.91 pct.
(AP)
05.01.2012 15:37 5 views 0 comments
AP - 2012 looks to be another year of opportunity for the few who can afford to buy or refinance a home. Read more »
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Tax inspectors hit target in Italian ski resort
(Reuters)
05.01.2012 15:14 4 views 0 comments
Reuters - Italian officials combating a national plague of tax evasion hit the jackpot in a swoop on a posh ski resort, catching 42 drivers of Ferraris and other luxury cars who had declared incomes of less than 30,000 euros ($38,700) a year. Read more »
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Wall Street falls on euro zone concerns
(Reuters)
05.01.2012 15:04 6 views 0 comments
 Reuters - Stocks fell on Thursday as encouraging reports on the labor market were not enough to offset concerns about the euro zone's debt crisis.
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December sales rise, but discounts hurt profits
(Reuters)
05.01.2012 14:50 4 views 0 comments
Reuters - Many retailers had to discount more than they wanted to draw customers over the holidays, cutting into profits even as December sales came in slightly better than expected overall. Read more »
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Macy's raises profit outlook; doubles dividend
(AP)
05.01.2012 14:31 3 views 0 comments
AP - Macy's Inc. is raising its earnings outlook for the fourth quarter and full year due to a strong holiday season and says it will double its quarterly dividend to 20 cents a share. The retailer is also increasing its share repurchase program by $1 billion. Read more »
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Stock futures point to lower open, data may limit losses
(Reuters)
05.01.2012 14:14 4 views 0 comments
Reuters - Stock index futures pointed to a lower open on Thursday on renewed concerns about the euro zone's financial health, but encouraging employment data was expected to limit the decline.
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Private hiring surges, jobless claims dip
(Reuters)
05.01.2012 14:11 4 views 0 comments
Reuters - Private-sector hiring surged in December as employers added 325,000 new workers while claims for jobless benefits fell, raising hope that recent labor market improvement would continue in 2012. Read more »
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Constellation Brands' profit slumps in 3Q
(AP)
05.01.2012 14:09 4 views 0 comments
 AP - Constellation Brands Inc., maker of Robert Mondavi wine and Svedka vodka, said Thursday that its third-quarter profit slumped 25 percent on weaker wine and beer sales in North America. The results narrowly missed Wall Street estimates.
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Macy's raises profit outlook; doubles dividend
(AP)
05.01.2012 14:03 2 views 0 comments
AP - Macy's Inc. is raising its earnings outlook for the fourth quarter and full year due to a strong holiday season and says it will double its quarterly dividend to 20 cents a share. The retailer is also increasing its share repurchase program by $1 billion. Read more »
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Same-store sales point to strong holidays
(Reuters)
05.01.2012 13:54 5 views 0 comments
Reuters - The first batch of December sales results suggests that people were willing and able to shop if retailers made it worth the effort with discounts. Read more »
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Exclusive: KPMG plans return of MF Global assets
(Reuters)
05.01.2012 13:51 4 views 0 comments
 Reuters - MF Global UK administrator KPMG plans to start returning to clients the $1.2 billion of cash and assets frozen at the defunct broker as early as this month in a move that will placate customers ahead of their showdown with KPMG next week.
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Hungary open to discuss standby deal with IMF
(AP)
05.01.2012 13:08 4 views 0 comments
AP - Hungary's top financial negotiator said his nation is open to working out a standby loan with the International Monetary Fund but insisted Thursday that Hungary was still able to finance its debts from the markets. Read more »
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Spain: banks need up to $65 billion in provisions
(AP)
05.01.2012 12:26 2 views 0 comments
AP - Spain's new conservative government expects the country's banks to find up to euro50 billion ($65 billion) to shore up balance sheets weakened by exposure to a burst real estate bubble. Read more »
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Fiat gets another 5 percent of Chrysler
(AP)
05.01.2012 11:49 4 views 0 comments
AP - Fiat has added 5 percent to its majority ownership of Chrysler. Read more »
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French costs rise but demand solid at debt sale
(Reuters)
05.01.2012 11:27 5 views 0 comments
Reuters - French borrowing costs rose slightly when the euro zone's second-largest economy sold debt for the first time this year on Thursday but demand was solid despite concerns the country could lose its AAA credit rating. Read more »
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EU officials try to agree on Iran oil embargo
(AP)
05.01.2012 10:17 4 views 0 comments
AP - Officials from the 27 countries that make up the European Union are beginning Thursday the process of trying to thrash out an agreement on banning the purchase of Iranian oil in the hope of choking off funding for the country's nuclear program. Read more »
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Consumers slowly digging out of debt: ABA
(Reuters)
05.01.2012 9:01 2 views 0 comments
Reuters - More consumers made their home equity loan payments on time in the third quarter of 2011 and a broad measure of consumer delinquencies fell to its lowest point in four years, according to data released on Thursday by the American Bankers Association. Read more »
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How consumer financial watchdog will expand powers
(AP)
04.01.2012 22:56 4 views 0 comments
AP - With its first chief now in place, the new Consumer Financial Protection Bureau will start enforcing rules aimed at reining in abusive mortgage servicers, student lenders and payday-loan companies. Read more »
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U.S. tax day falls on April 17 this year: IRS
(Reuters)
04.01.2012 22:00 3 views 0 comments
Reuters - The 2012 due date for personal income tax filings will be Tuesday, April 17, the U.S. Internal Revenue Service said on Wednesday, delaying the deadline for a weekend and a holiday observed by the District of Columbia. Read more »
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