Front Section

S&P fails to break key level (Reuters)

Published: Wednesday, February 22, 2012 02:39 PM

Reuters - Stocks fell on Wednesday with the S&P 500 stalled near a 10-month-old high after weak data on Europe's business activity raised concerns about a recession.

Fitch downgrades Greece on debt swap plan (Reuters)

Published: Wednesday, February 22, 2012 09:04 AM

Reuters - Fitch cut Greece's long-term ratings on Wednesday to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a bond exchange plan to ease its massive debt burden.

Home resales at 1-1/2 year-high, supply falls (Reuters)

Published: Wednesday, February 22, 2012 01:36 PM

Reuters - U.S. home resales rose to a 1-1/2 year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.

Citi, UBS provide keys to interest rate-rigging probe: sources (Reuters)

Published: Wednesday, February 22, 2012 10:17 AM

Reuters - Citigroup Inc and UBS AG , in a series of disclosures to law-enforcement officials, have provided crucial information to investigators in multiple countries as part of inquiries into whether the world's biggest banks manipulated a global benchmark interest rate, according to people familiar with the situation.

JPMorgan, Citi, BofA sued for $949 million by Sealink (Reuters)

Published: Wednesday, February 22, 2012 11:17 AM

Reuters - JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp. and more than a half dozen other major banks are being hit with a new lawsuit over $949 million in residential mortgage-backed securities.

World stocks rise on hopes for Greece, US economy (AP)

Published: Friday, February 17, 2012 10:13 AM

AP - Stock markets advanced Friday on hopes that Greece would soon get its crucial second bailout and following another batch of upbeat U.S. economic news.

Pace of new credit card accounts picks up in 2011 (AP)

Published: Tuesday, February 21, 2012 06:49 PM

AP - More people opened new credit card accounts last year, as the banking industry began to loosen standards it tightened during the recession.

MGM Resorts 4th-quarter loss narrows, revenue up (AP)

Published: Wednesday, February 22, 2012 02:17 PM

AP - MGM Resorts International said Wednesday that high costs kept it in the red in the fourth quarter, but it lost less than a year earlier as more people stayed at its Las Vegas Strip casinos and visitors spent more on the food, gambling, entertainment and shopping it offers.

Strauss-Kahn freed after French police questioning (AP)

Published: Wednesday, February 22, 2012 03:06 PM

AP - French police released former International Monetary Fund chief Dominique Strauss-Kahn on Wednesday after nearly 30 hours in custody for questioning about a suspected hotel prostitution ring.

Romney proposes 28 percent top income tax rate (Reuters)

Published: Wednesday, February 22, 2012 02:23 PM

Reuters - Republican Mitt Romney, looking for a boost in his presidential campaign, proposed an overhaul of the tax system on Wednesday that he said would cut Americans' tax rates by 20 percent and limit deductions for the wealthy.

Greek lawmakers rush to clear promised austerity (AP)

Published: Wednesday, February 22, 2012 11:39 AM

AP - Greece scrambled Wednesday to push through a batch of emergency laws that will further cut incomes and state spending, a day after securing a new bailout and debt relief deal designed to stave off bankruptcy.

Holiday spending pushes Macy's 4Q profit higher (AP)

Published: Tuesday, February 21, 2012 05:42 PM

AP - A strong holiday shopping season and hearty online sales pushed Macy's Inc.'s fourth quarter net income up 12 percent. That topped Wall Street's expectations, and the department store chain's stock hit a 52-week high.

Past foreclosure means waiting years for new loan (AP)

Published: Wednesday, February 22, 2012 02:26 PM

AP - Next to filing for bankruptcy protection, nothing wrecks your chances of qualifying for a home loan like a foreclosure.

Gas prices up for 4th straight week in W.Va. (AP)

Published: Wednesday, February 22, 2012 01:18 PM

AP - Gas prices in West Virginia are about 46 cents higher per gallon compared with a year ago.

Obama seeks corporate tax rate cut, loophole limit (AP)

Published: Wednesday, February 22, 2012 03:06 PM

AP - President Barack Obama on Wednesday proposed a lower corporate tax rate and an end to dozens of loopholes he said helps companies move jobs and profits overseas. "It's not right and it needs to change," he said.

GM in alliance talks with Peugeot in Europe (AP)

Published: Wednesday, February 22, 2012 02:14 PM

AP - General Motors Co. is in talks about a possible alliance with France's leading car maker PSA Peugeot Citroen, a deal that could dwarf PSA's partnerships with BMW, Mitsubishi Motors and Toyota.