From Macy's to Sears, tales of holiday highs, lows | December 27, 2011 04:20 PM ET | (Reuters) - Macy's Inc and Wal-Mart Stores Inc continue to get high marks from Wall Street as the busy season draws to a close, while Sears Holdings Corp proved that it was really not a jolly holiday for all stores. | Full Article | Consumer confidence perks up, house prices sag | December 27, 2011 12:49 PM ET | WASHINGTON (Reuters) - U.S. consumer confidence hit an eight month high in December on improving job prospects, lending the economy further support, even though weak home prices could delay a recovery in the housing market. | Full Article | Appeals court to review BofA $8.5 billion MBS pact | December 27, 2011 04:38 PM ET | (Reuters) - A U.S. appeals court agreed to resolve a dispute among institutional investors over whether Bank of America Corp's $8.5 billion mortgage debt settlement should be sent back to a New York state court for approval. | Full Article | Sears to close more stores as holiday sales slump | December 27, 2011 01:45 PM ET | (Reuters) - Sears Holdings Corp will close as many as 120 of its Kmart and namesake big-box stores after sales during the peak holiday period fell sharply, and the retailer also forecast that fourth quarter earnings would fall by more than half, sending its shares plunging some 25 percent. | Full Article | | | US TOP NEWS | Obama to nominate economist, banker, as Fed governors | December 27, 2011 04:26 PM ET | HONOLULU/WASHINGTON (Reuters) - President Barack Obama will nominate Harvard economist Jeremy Stein and Jerome Powell, an investment banker and former Treasury official, to the two empty seats on the Federal Reserve's policy-setting board of governors. | Full Article | Democrat Nelson to retire from Senate | December 27, 2011 04:01 PM ET | (Reuters) - Democratic Senator Ben Nelson will retire next year, news reports said on Tuesday, dealing a significant blow to his party's hopes of keeping control of the Senate after the November 2012 elections. | Full Article | Mass anti-Assad protest in Homs as monitors visit | December 27, 2011 03:19 PM ET | BEIRUT (Reuters) - Tens of thousands of Syrians in Homs rallied on Tuesday against President Bashar al-Assad, emboldened by Arab peace monitors' first tour of the flashpoint city, after the army withdrew some tanks following days of unrest. | Full Article | More trouble for Gingrich as Iowa campaign quickens | December 27, 2011 02:50 PM ET | DES MOINES, Iowa, Dec 27 - Republican presidential candidate Newt Gingrich's campaign struggled to fend off more bad news on Tuesday after he was quoted supporting main rival Mitt Romney's healthcare reform in Massachusetts. | Full Article | Iran threatens to stop Gulf oil if sanctions widened | December 27, 2011 02:56 PM ET | TEHRAN (Reuters) - Iran threatened on Tuesday to stop the flow of oil through the Strait of Hormuz if foreign sanctions were imposed on its crude exports over its nuclear ambitions, a move that could trigger military conflict with economies dependent on Gulf oil. | Full Article | | | HEALTH NEWS | | | | RELATED VIDEO | | | | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | » MORE NEWSLETTERS | | ODDLY ENOUGH | | | |
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