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Wednesday, February 8, 2012

DAI: Wall Street treads water as Greek debt talks drag on

Reuters
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02/8/2012
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LATEST NEWS
Wall Street treads water as Greek debt talks drag on
NEW YORK (Reuters) - Stocks closed flat in another thinly traded session on Wednesday as Greece remained in a standstill over accepting tough reforms in exchange for a bailout critical to avoiding a chaotic default. | Full Article
Groupon reports quarterly net loss, shares drop
February 08, 2012 04:33 PM ET
(Reuters) - Groupon Inc reported a quarterly net loss Wednesday as the largest daily deal company recorded higher taxes overseas. | Full Article
Cisco Q2 results beat estimates
February 08, 2012 04:34 PM ET
(Reuters) - Network equipment maker Systems Inc said second quarter earnings and revenue beat average estimates, leading it to increase its dividend. | Full Article
Greek debt not sustainable with 70 pct haircut: S&P
February 08, 2012 01:57 PM ET
NEW YORK (Reuters) - Greece will likely fail to achieve sustainable debt levels if it only resorts to a 70 percent reduction in the value of bonds held by private creditors, Standard & Poor's warned on Wednesday, putting pressure on the ECB to also take losses. | Full Article
Goldman looks on the bright side of Volcker rule
February 08, 2012 01:57 PM ET
(Reuters) - Wall Street has been lashing out against the Volcker rule since it was proposed, but a senior Goldman Sachs executive said on Wednesday the trading restriction might actually help the investment bank's profitability. | Full Article
US TOP NEWS
He has victories, now Santorum needs money, support
February 08, 2012 04:06 PM ET
MCKINNEY, Texas (Reuters) - Republican presidential contender Rick Santorum, fresh off a stunning sweep of three states' nominating contests, scrambled in Texas on Wednesday to round up support and money he needs to take on rival Mitt Romney. | Full Article
Greek rescue sees fiscal measures of 13 billion euros: sources
February 08, 2012 03:56 PM ET
ATHENS (Reuters) - A draft of Greece's bailout program being discussed by the country's political leaders at a Wednesday meeting includes fiscal measures worth 13 billion euros for the period through 2015, a party official and a source close to the talks said. | Full Article
Signs build that Iran sanctions disrupt food imports
February 08, 2012 01:28 PM ET
KUALA LUMPUR/TEHRAN (Reuters) - More evidence emerged of the crippling impact of new sanctions on Iran, with international traders saying Tehran is having trouble buying rice, cooking oil and other staples to feed its 74 million people weeks before an election. | Full Article
Turks seek world action as Syria's Homs bleeds
February 08, 2012 02:05 PM ET
AMMAN (Reuters) - Syria's army pounded the rebel city of Homs on Wednesday as Turkey sought international action to protect civilians from former ally President Bashar al-Assad, a move that risks the wrath of Russia and China. | Full Article
Insight: Komen charity under microscope for funding, science
February 08, 2012 02:32 PM ET
NEW YORK (Reuters) - The Susan G. Komen for the Cure charity defines its mission as finding a cure for breast cancer. In recent years, however, it has cut by nearly half the proportion of fund-raising dollars it spends on grants to scientists working to understand the causes and develop effective new treatments for the disease. | Full Article
HEALTH NEWS
Boehner vows to stop Obama contraceptive rule
Suit wants "morning-after pill" available to girls
Consumers want tougher probe of engineered salmon
White House defends contraception rules as criticism mounts
Abortion doesn't up risk of mental illness relapse
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