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Thursday, February 16, 2012

DAI: Best day in two weeks pushes S&P to 9-month high

Reuters
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02/16/2012
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LATEST NEWS
Best day in two weeks pushes S&P to 9-month high
NEW YORK (Reuters) - The S&P 500 hit a nine-month high on Thursday, fueled by strong U.S. economic data and increased hopes for a deal on a Greek bailout next week. | Full Article
Jobs, factory data strengthen growth outlook
February 16, 2012 04:36 PM ET
WASHINGTON (Reuters) - The number of Americans filing for new unemployment benefits unexpectedly fell to a near four-year low last week, suggesting the labor market recovery was quickening. | Full Article
Moody's may downgrade UBS and Morgan Stanley
February 16, 2012 11:41 AM ET
(Reuters) - Moody's warned on Thursday it may cut the credit ratings of 17 global and 114 European financial institutions in another sign the impact of the euro zone government debt crisis is spreading throughout the global financial system. | Full Article
Hopes rise for Greek deal after new budget cuts found
February 16, 2012 03:40 PM ET
ATHENS/BRUSSELS (Reuters) - Hopes rose on Thursday that Greece has finally done enough to secure a second bailout after Athens set out extra budget savings demanded by its international lenders, but the optimism failed to ease tensions with EU paymaster Germany. | Full Article
PIMCO bank deal hits regulatory snag
February 16, 2012 03:35 PM ET
NEW YORK (Reuters) - A plan by a PIMCO investment fund to take an ownership stake in a small North Carolina bank has run into a problem with U.S. bank regulators. | Full Article
US TOP NEWS
Congress leaders rally support for tax deal
February 16, 2012 03:17 PM ET
WASHINGTON (Reuters) - Democratic and Republican leaders rallied support on Thursday in a divided Congress for a bipartisan deal to renew a payroll tax cut for 160 million U.S. workers through the November elections. | Full Article
Afghan peace push brings rare chance, risks, for U.S.
February 16, 2012 02:10 PM ET
WASHINGTON (Reuters) - If all goes as hoped, U.S. and Qatari negotiators will meet soon to nail down final details for transferring Taliban prisoners from Guantanamo prison - a momentous step for President Barack Obama, the Afghan war and perhaps U.S. foreign policy as well. | Full Article
China's Xi, US officials talk food trade in Iowa
February 16, 2012 03:46 PM ET
DES MOINES (Reuters) - China's leader-in-waiting, Xi Jinping, gathered with U.S. agricultural officials in America's grainbelt on Thursday and stressed their shared interests in fostering increased trade in farm goods. | Full Article
Former executives, bankers arrested over Olympus fraud
February 16, 2012 02:23 PM ET
TOKYO (Reuters) - Japanese police and prosecutors have arrested seven men, including the former president of Olympus Corp and ex-bankers over a $1.7 billion accounting fraud -- one of the country's biggest corporate scandals. | Full Article
Insurers see costs in Obama birth control rule
February 16, 2012 03:15 PM ET
(Reuters) - The Obama administration maintains that its plan to have health insurers pay for birth control offered to employees of religious groups won't end up costing the industry. But insurers aren't so confident. | Full Article
HEALTH NEWS
U.S. won't allow more fungicide in orange juice: FDA
Rice products may be source of high arsenic levels: study
Medicare expenses growing faster for obese seniors: study
One in 10 U.S. kids have alcoholic parent: study
Jon Secada joins campaign on chronic hepatitis C
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