AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.
Yahoo! News: Business (32 unread)
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Romney focuses on Obama, Gingrich on Romney in NV (AP)
Posted: February 3rd, 2012, 6:35pm EST
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Oil prices rise after drop in US hiring expands (AP)
Posted: February 3rd, 2012, 3:56pm EST
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AP - A surge in U.S. hiring lifted oil prices for the first time in a week. As more Americans commute to work and the economy picks up, demand for energy is expected to rise.
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Unemployment rate hinges on more than job gains (AP)
Posted: February 3rd, 2012, 3:50pm EST
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AP - For most people, the 8.3 percent unemployment rate is the most visible sign of the economy's health. The rate's every movement is closely watched, especially in an election year. -
Canada, Alberta set up oil sands monitoring (Reuters)
Posted: February 3rd, 2012, 3:33pm EST
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Reuters - A new environmental monitoring plan for Canada's oil sands will boost water sampling and increase information available to the public as Ottawa and Alberta seek to fend off harsh international criticism following revelations that oversight has been insufficient. -
Jobs numbers boost Obama, needs lasting trend (Reuters)
Posted: February 3rd, 2012, 2:57pm EST
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Reuters - An unexpectedly strong jobs report on Friday boosted President Barack Obama's re-election prospects, but the trend must last to deny his opponents the biggest cudgel they have to bash him before the November election. -
Analysis: Stock-picking makes a comeback as macro tides fade (Reuters)
Posted: February 3rd, 2012, 2:44pm EST
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Reuters - Stock-picking once again matters on Wall Street. -
Hackers attack Greek Justice Ministry website (AP)
Posted: February 3rd, 2012, 2:28pm EST
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AP - Hackers have attacked the Greek Justice Ministry website to protest the government's signing of a global copyright treaty and its handling of the financial crisis. -
New York sues banks over electronic mortgage system (Reuters)
Posted: February 3rd, 2012, 1:28pm EST
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Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices. -
Jobs strength lifts Nasdaq to 11-year high (Reuters)
Posted: February 3rd, 2012, 1:21pm EST
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Reuters - A surge in hiring in the world's largest economy last month drove stocks higher on Friday, with the Nasdaq hitting an 11-year high as optimism grew that the labor market is on a steady path to recovery.
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NY's Schneiderman sues banks in foreclosure effort (AP)
Posted: February 3rd, 2012, 1:18pm EST
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AP - New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures. -
Oil risks fuelling flames of Sudan conflict (Reuters)
Posted: February 3rd, 2012, 12:58pm EST
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Reuters - South Sudan's oil minister was riled when he discovered production from one of his remote oil fields was out by 40,000 barrels per day, and immediately knew who to blame. -
Goldman to face mortgage debt class-action lawsuit (Reuters)
Posted: February 3rd, 2012, 12:37pm EST
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Reuters - Goldman Sachs Group Inc was ordered by a federal judge to face a securities class-action lawsuit accusing it of defrauding investors about a 2006 offering of securities backed by risky mortgage loans from a now-defunct lender. -
Detroit automakers say 'no' to Japan joining trade talks (Reuters)
Posted: February 3rd, 2012, 12:30pm EST
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Reuters - Detroit automakers are urging President Barack Obama to reject Japan's bid to join talks on a regional free trade agreement, the head of an automotive group representing GM, Ford and Chrysler said on Thursday. -
Job growth surges, jobless rate near 3-year low (Reuters)
Posted: February 3rd, 2012, 12:00pm EST
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Reuters - The United States created jobs at the fastest pace in nine months in January and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama. -
Central bank liquidity tap to stay open (Reuters)
Posted: February 3rd, 2012, 11:10am EST
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Reuters - rallies that caught many in the market by surprise - investors will be paying keen attention to the world's central banks in the coming week for signs of continued easy money. -
Aon Q4 profit rises, but margin pressures persist (Reuters)
Posted: February 3rd, 2012, 10:54am EST
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Reuters - Aon Corp posted a higher quarterly profit that narrowly beat market estimates, but the world's largest insurance broker continued to face margin pressures in its Aon Hewitt segment for the second-straight quarter. -
January service sector growth highest in nearly a year: ISM (Reuters)
Posted: February 3rd, 2012, 10:43am EST
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Reuters - The pace of growth in the U.S. services sector accelerated in January to its highest level in nearly a year as new orders and employment jumped, an industry report showed on Friday. -
Arizona Senate approves motion picture tax credit (AP)
Posted: February 3rd, 2012, 10:42am EST
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AP - The Arizona Senate has approved a bill creating a tax credit for motion picture production in the state. -
If Japan Is Our Worst-Case Scenario, We're All Right (The Motley Fool)
Posted: February 3rd, 2012, 10:09am EST
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The Motley Fool - In 1991, former MIT dean Lester Thurow wrote that "If one looks at the last 20 years, Japan would have to be considered the betting favorite to win the economy honors of owning the 21st century." -
Factory orders up, business spending rises (Reuters)
Posted: February 3rd, 2012, 10:01am EST
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Reuters - New orders for U.S. factory-made products posted a second straight monthly rise in December and business capital spending also picked up, a government report on Friday showed. -
Def Sec'y Panetta: Pressure must be kept on Iran (AP)
Posted: February 3rd, 2012, 9:58am EST
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AP - U.S. Defense Secretary Leon Panetta said Friday the key to stopping Iran from getting a nuclear bomb is keeping global support for tough economic sanctions.
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Markets rally after forecast-busting US jobs data (AP)
Posted: February 3rd, 2012, 9:42am EST
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AP - Stocks spiked sharply higher on Friday after forecast-busting U.S. jobs figures reinforced hopes that the recovery in the world's largest economy is gathering pace at a time when other regions, notably Europe, may be heading back into recession.
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Greek bailout deal held up by labor reforms talks (AP)
Posted: February 3rd, 2012, 9:35am EST
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AP - Unions and employers' associations in Greece on Friday rejected private-sector wage cuts, as demanded by the country's international bailout lenders if Athens is to receive a crucial, second rescue package.
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Britain's Cameron to visit White House March 13-14 (Reuters)
Posted: February 3rd, 2012, 9:16am EST
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Reuters - British Prime Minister David Cameron and President Barack Obama will meet in Washington next month to discuss Afghanistan, Iran and the Middle East as well as economic growth, the White House said on Friday. -
Euro zone sales tumble at Christmas, no sign of growth (Reuters)
Posted: February 3rd, 2012, 6:38am EST
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Reuters - Retail sales in the euro zone tumbled unexpectedly in December, the biggest drop in the Christmas period in three years, data showed on Friday, with rising joblessness and stubborn inflation undercut signs of a stabilization in Europe's economy. -
Truck maker Volvo's Q4 profit rockets (AP)
Posted: February 3rd, 2012, 4:28am EST
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AP - Swedish truck maker AB Volvo recorded a 46 percent rise in fourth-quarter profits after a surge in sales it described as the best it has seen in more than two decades. -
Job growth seen slower in January (Reuters)
Posted: February 3rd, 2012, 4:13am EST
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Reuters - U.S. employment growth probably slowed in January as messengers hired during the busy holiday shopping season were laid off, but the improving labor market trend should remain intact. -
Top security and defense officials meet in Munich (AP)
Posted: February 3rd, 2012, 3:49am EST
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AP - The world's top security and defense officials are gathering in Munich, with uncertainty over the future of the Middle East and the implications of the financial crisis in Europe looming large. -
Anonymous hackers access Greek ministry website (Reuters)
Posted: February 3rd, 2012, 3:28am EST
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Reuters - Hackers associated with the activist group Anonymous posted a protest against Greece's EU and IMF-inspired austerity policies on the website of the country's justice ministry Friday, a ministry spokeswoman said. -
Megaupload founder refused bail in New Zealand (Reuters)
Posted: February 3rd, 2012, 2:57am EST
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Reuters - A New Zealand court refused an appeal by the founder of online file-sharing site Megaupload.com to be freed on bail, Friday, agreeing with prosecutors there was a risk he would attempt to flee before an extradition hearing. -
Analysis: A sobering look at Facebook (Reuters)
Posted: February 3rd, 2012, 2:19am EST
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Reuters - It's the year's hottest initial public offering, but some wealth managers find themselves having a hard time recommending Facebook to their clients. -
Ford draws on luxury hotel experience for Lincoln overhaul (Reuters)
Posted: February 3rd, 2012, 12:51am EST
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Reuters - In the plan to overhaul its luxury Lincoln brand, Ford Motor Co is embarking on a new approach, leaving behind the routine ideas of the auto industry and instead taking cues from the likes of high-end boutique hotels.