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Wednesday, February 1, 2012

DAI: Wall Street starts February strong on factory data, Greece

Reuters
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02/1/2012
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LATEST NEWS
Wall Street starts February strong on factory data, Greece
NEW YORK (Reuters) - Stocks extended January's rally on Wednesday after upbeat global manufacturing data boosted sentiment and as Greece neared a long-delayed deal with private creditors. | Full Article
Exclusive: Mortgage deal would give states enforcement clout
February 01, 2012 03:44 PM ET
(Reuters) - A proposed settlement to resolve mortgage abuses by top U.S. banks will give states broad authority to punish firms that mistreat borrowers in the future, according to documents seen by Reuters on Wednesday. | Full Article
AMR expects to slash about 13,000 jobs
February 01, 2012 03:31 PM ET
(Reuters) - AMR Corp, the bankrupt parent of American Airlines, expects to slash about 13,000 jobs as part of a cost-cutting strategy the carrier says is necessary to compete with rivals. | Full Article
Manufacturing picks up, but private job gains slow
February 01, 2012 02:39 PM ET
NEW YORK (Reuters) - Manufacturing growth accelerated in January to its highest level in seven months, though a measure of employment faded and private-sector employers added fewer jobs than expected, data showed on Wednesday. | Full Article
Auto sales in January show unusual strength
February 01, 2012 03:29 PM ET
DETROIT (Reuters) - Major automakers reported a nearly 12 percent gain in U.S. sales in January, a surprisingly strong showing driven by the growing need for American drivers to replace aging cars and trucks. | Full Article
US TOP NEWS
After Florida win, Romney stumbles in comments on poor
February 01, 2012 04:33 PM ET
MINNEAPOLIS (Reuters) - Republican presidential candidate Mitt Romney ran into a wall of criticism on Wednesday for remarks suggesting he was indifferent to America's poor, after scoring a resounding victory in the Florida primary. | Full Article
Obama presses Congress to step up aid for homeowners
February 01, 2012 02:29 PM ET
WASHINGTON (Reuters) - President Barack Obama on Wednesday pressed lawmakers to back a $5 billion to $10 billion plan to help U.S. homeowners refinance, part of an election-year package that is unlikely to overcome Republican opposition in Congress. | Full Article
Facebook to file $5 billion IPO Wednesday: IFR
February 01, 2012 02:38 PM ET
NEW YORK (Reuters) - Facebook is expected to submit paperwork to regulators on Wednesday morning for a $5 billion initial public offering and has selected Morgan Stanley and four other bookrunners to handle the mega-IPO, sources close to the deal told IFR. | Full Article
Ex-Credit Suisse traders charged in subprime case
February 01, 2012 03:58 PM ET
NEW YORK (Reuters) - Several former Credit Suisse traders manipulated the books on mortgage-backed securities when the U.S. real estate market slumped in 2007 and 2008, two of the former traders at the investment bank said in court on Wednesday. | Full Article
Stanford used CD funds for cricket, jets: witness
February 01, 2012 03:53 PM ET
HOUSTON (Reuters) - Allen Stanford funneled $2 billion of investor money from his offshore bank to pay operating expenses at his other companies, including money-losing airlines and his cricket concerns, a former Stanford Financial Group accountant said on Wednesday. | Full Article
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French officials urge tougher EU rules after PIP affair
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