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Yahoo! News: Business News
Business News
 Reuters - Stocks edged lower on Monday as investors found little reason to extend a five-week rally on lingering uncertainty over whether Greece would accept the terms of a bailout.
 Reuters - German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.
 Reuters - The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that many years of near-zero rates will do little to return economic output to pre-recession levels and risks causing "disaster."
Reuters - Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating as U.S. antitrust regulators weigh whether they have enough evidence to stop the megamerger.
Reuters - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said.
Reuters - Stock-picking once again matters on Wall Street.
 AP - The price of U.S. oil is falling as supplies continue to rise.
 AP - It was a blue Christmas for Hasbro. The No. 2 toy maker said Monday that its fourth-quarter profit slipped 1 percent, pinched by softer-than-expected demand in the U.S. and Canada and slow sales of games and puzzles during the key holiday season.
 AP - Greece's coalition government on Monday caved in to demands to cut civil service jobs, announcing 15,000 positions would go this year, amid mounting international pressure to agree on austerity measures needed to secure major new debt agreements.
AP - California and New York were considering Monday whether to join most other states in backing a long-awaited settlement with banks over foreclosure abuses. The deal would require the five largest mortgage lenders to reduce loans for about 1 million households.
Reuters - Romanian Prime Minister Emil Boc resigned on Monday, joining a list of European leaders felled by fury at the kind of spending cuts that prompted weeks of mass protests in Bucharest against IMF-backed austerity.
Reuters - Retail sales in the euro zone tumbled unexpectedly in December, the biggest drop in the Christmas period in three years, data showed on Friday, with rising joblessness and stubborn inflation undercut signs of a stabilization in Europe's economy.
AP - Convicted of engineering a $100 million mortgage-fraud scheme, Aaron Hand was yearning for vengeance and stuck in prison, prosecutors said.
AP - Italy announced emergency energy measures Monday, cutting gas supplies to some industries to make sure that private homes stayed warm during a severe cold spell.
 AP - Swiss bank Julius Baer Group said Monday that it might have to pay a fine to settle allegations it helped American clients cheat on their taxes, but cautioned investors that the final outcome of the case was still uncertain.
Business
The latest news and commentary on the economy, the markets, and business
How bad has the mood gotten on Wall Street? Judging by an article in the new issue of New York magazine, the answer is bleak indeed. Even as the broader economy shows signs of improving, Wall Street is coming off a year in which earnings — and the all-important bonuses dependent on them — were [...] 
Barnes & Noble’s most recent gambit, a refusal to sell books published by its rival Amazon, shows that the country?s largest bookstore isn?t backing down from the e-tail giant. But will it pay off? Last week, B&N announced that it wouldn?t stock Amazon-published titles in its 700-odd stores. The massive Seattle-based e-tailer has been expanding its [...] 
As the nation frets over slow growth and large budget deficits, much has been made over how much Americas are and should be paying in income tax. President Obama and Democrats have argued that the wealthiest among us are not paying their fair share. They say the spoils of the globalization and the internet revolution have gone almost exclusively to the very wealthy, and that, in times of crisis, more should be asked of those who can afford to give. Those on the right counter that the wealthy pay their fair share and, more, that the top one percent pay a huge percentage of federal income tax receipts.
But there is another source of federal revenues that receives less attention: corporate income taxes. According to the Wall Street Journal?s recent study of Congressional Budget Office numbers, corporations are paying an effective rate of 12.1%, the lowest in at least 40 years. So why are some of the biggest and most powerful entities in our society getting away with paying so little? The story is complicated, but the biggest factor in the recent collapse in corporate tax receipts appears to be a set of tax breaks built into recent stimulus efforts. 
Members of the Transport Workers Union (TWU) were scheduled to vote on a new contract with American Airlines, or AA, this December that would have lowered the airline?s cost and outsourced hundreds of jobs that weren?t directly related to aircraft maintenance. They never got the chance because American instead filed for bankruptcy. On Wednesday AA [...] 
Wall Street enjoyed a broad-based rally on Friday as two key stock indexes rose to the highest levels since before the Great Recession, propelled by better-than-expected employment data released earlier in the day. The strong upward movement by stocks suggests that investors are gaining confidence in the U.S. economic recovery and putting money back to [...] 
(BOISE) — Steve Appleton, the chief operating officer and chairman of Micron, died Friday morning in a small plane crash in Boise, the company said. He was 51. Micron spokesman Dan Francisco confirmed Appleton’s death in a release, and trading in Micron stocks has been halted. Appleton, an avid pilot, was the only one in [...] 
Some Obama opponents are struggling to find a cloud in the silver lining of January?s jobs numbers, which estimated that there was a 243,000-job boost and a big drop in the unemployment rate, from 8.5% to 8.3%, last month. Their biggest gripe focuses on the size of the labor force: As the unemployment rate has trended down [...] 
My grandparents had two criteria for buying a car: It had to be blue, and it had to be American. The last time they purchased a car was in the '90s, when American car companies didn't have the best reputations for quality or reliability. When a few members of the family's younger generation brought up the possibility of my grandparents considering Asian and European makers, it was as if we were suggesting that they commit treason. "We have to buy American," they said. End of conversation.
Living through the Great Depression, World War II, and the Cold War ingrained upon my grandparents and their generation that buying American was just a way of life. You brush your teeth in the morning, and you buy American. That sentiment has slipped in succeeding generations, but there appear to be signs that, to some extent, it is returning. 
The U.S. labor market continued to add new jobs in January, pushing the unemployment rate to the lowest level in nearly three years, in a sign that the economy is recovering from the worst recession in decades. The Bureau of Labor Statistics said January’s unemployment rate fell to 8.3% from 8.5% in December as the [...] 
In the twisted, tangled marriage between popular music and television advertising, pop singers are penning songs for companies as TV spots break emerging artists. 
Latest CBS MoneyWatch Headlines - CBS News
Read the latest CBS MoneyWatch headlines on CBS News, covering news stories, videos and pictures of world and US news, as well as news in politics, health, sports and business.
Greece let another bailout deadline slip, the House of Representatives will take up the "Stock Act" this week, and a study shows the internet is the second most common way to meet people. Ashley Morrison reports.
     
Settlement would force lenders to lower mortgages, help homeowners refinance, and overhaul their loan-servicing practices
  
The financial giant is poised to become the first Western bank to issue its own credit cards on the mainland
  
Small business credit cards generally have higher credit limits, richer rewards and better tracking systems, but they don't offer the same protections as consumer credit cards. Sumi Das from CBS Moneywatch.com has the details.
  
High-end fashion designer known for Michelle Obama inauguration gown sells clothes big box store buyers can't get enough of
  
The latest strong payrolls report suggests hiring -- and the economy -- is gaining steam
  
A recap of the high-profile TV spots aired during the big game
  
New home buyers left holding the bag for two-month extension of payroll tax cuts, exclusive CBS News investigation finds
  
Seek out new situations -- and force yourself to be quiet -- and inspiration will bloom
  
A head of human resources issued a memo outlining how employees should use the rest room
  
Self-confidence is essential to success and the late, great boxing trainer was a master at developing it in fighters like Muhammad Ali
  
Think you've done something blush-worthy at work? These 6 stories might make you feel better
  
Facebook's high valuation is largely based on growth, but investors may like -- not love -- what they see
  
New federal rules require employers that offer the retirement plans to help participants compare fund performance and costs
  
Unemployment is still high, but here's why stocks reacted well to the latest figures
  
FOXNews.com
FOX News Channel - We Report. You Decide.
ABC News: Money
Kenneth Robinson has finally been kicked out of the $340,000 home that he had lived in since June for $16.
 
ABC News? Christina Ng and Lauren Effron report: Mere hours after Target released designer Jason Wu?s collection in-store and online Sunday, the fashion line was sold out. Shoppers waited in some locations hours before the stores opened to get a chance to buy the apparel....
During a typically animated Super Bowl party in suburban Chicago Sunday, the chatter came to an abrupt halt when that trademark voice?in an urgent, raspy whisper?knifed through the air in its quiet, compelling way. Suddenly, all eyes turned to the television screen flashing soft images...
Goldman Sachs? Lloyd Blankfein has become the first major CEO to lend his support to the Americans for Marriage Equality campaign promoting same-sex marriage. In a 30-second video, Blankfein said, ?America?s corporations learned long ago that equality is just good business and is the right...
Some commercials got people buzzing in the social space while others flopped.
The Federal Trade Commission has just cracked down on debt collector Asset Acceptance LLC, for misrepresenting itself when trying to collect old debts.
While football fans are gearing up for the Super Bowl, fashion fans may be heading to Target today, where designer Jason Wu is unveiling an affordable Parisian-inspired line that features delicate blouses, pleated skirts, handbags and clutches. While luxury department stores can sell Jason Wu items...
I was at a panel discussion a couple of years ago with David Plouffe, campaign manager for President Obama's 2008 campaign. David said one of the revelations they had during the campaign was that if it wasn't on video, it didn't happen. In a similar vein, social media works best when, well, when there is something to be social about and very few things are as social as sports. In fact, four of the top ten most tweeted moments have been sports moments and every one of those four beat tweets of Osama Bin Laden's death and all but one beat the Japanese Earthquake and Tsunami. It should come as no surprise then that the Super Bowl represents for advertisers, not just millions of eyeballs watching the broadcast but also millions of fingers simultaneously sharing their thoughts on Facebook, Twitter and other social media sites.
Dante Cassiani of Boston has earned his stripes as a "diehard" New England Patriots fan by driving 950 miles to Indianapolis this weekend in the hope of watching his favorite team play the Super Bowl.
Last week was a pretty good one for the notion of privacy in America, which has increasingly become forlorn and tattered as a result of the advancement of digital technology.
Andrea Smith shares high tech gadgets for her.
Cali Carlin analyzes the morning's business headlines.
Alix Steel analyzes the morning business headlines.
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A sneak peek at the new ads debuting during the big game.
Model Adriana Lima offers men advice for Valentine's Day.
Reuters: Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
NEW YORK (Reuters) - Stocks edged lower on Monday as investors found little reason to extend a five-week rally on lingering uncertainty over whether Greece would accept the terms of a bailout.
  
ATHENS/PARIS (Reuters) - German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.
 
WASHINGTON (Reuters) - Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating as U.S. antitrust regulators weigh whether they have enough evidence to stop the megamerger.
 
(Reuters) - A shortfall in customer funds at MF Global Holdings' broker-dealer unit grew in the days before the company went bankrupt, as client money increasingly was used to pay for MF's daily activities, said the trustee liquidating the broker-dealer.
 
NEW YORK (Reuters) - Brent crude's premium to U.S. oil could be poised for another record run after jumping 50 percent over the past week, as an expected build in Midwest inventories again exerts pressure on the U.S. benchmark.
 
CHICAGO (Reuters) - The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that many years of near-zero rates will do little to return economic output to pre-recession levels and risks causing "disaster."
 
BEIJING (Reuters) - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said.
 
(Reuters) - Boeing Co shares slipped on Monday, the day after the plane maker said it must correct a fuselage support structure problem on some of its carbon-composite 787s, a glitch experts said could slow production.
 
NEW YORK (Reuters) - The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.
 
NEW YORK (Reuters) - Standard & Poor's on Monday downgraded Belize's credit ratings deep into junk territory, warning that the country appears to be less willing to service its external debt.
 
msnbc.com: Business
Msnbc.com is a leader in breaking news and original journalism.
 The architects of the joint state-federal mortgage releief plan believe it would be better for homeowners to get a partial deal than nothing at all, according to sources.
 You may need to have more than a head for numbers to get a job in finance these days. A new survey finds many think it?s important to have a sense of humor too.
 By Charles B. Stockdale, 24/7 Wall St. Just because certain products have a low price tag does not mean they cannot sell for billions of dollars. In fact, some of the cheapest products make the most money for their companies. 24/7 Wall St.
 Just three years after the automaker drove into government-run bankruptcy, GM is setting its sights on making over $10 billion a year, according to a report in The Wall Street Journal.
U.S. stocks were lower Monday as a delay by debt-ridden Greece in accepting the terms of a bailout gave investors little reason to buy equities after a five-week rally.
Paying rent is getting more painful for renters across the country in the face of rising demand and tight supply. Both the commercial and residential real estate markets are seeing increases.
 Until recently, Facebook's relationship with the advertising community was at best politely dismissive, at worst outright antagonistic. But now, the social networking giant is eager to work with Madison Avenue.
Sunday's most surprising ad wasn't aired during the Super Bowl. It was a YouTube video posted by the Human Rights Campaign in which Goldman Sachs chairman and CEO Lloyd Blankfein declared his support for same-sex marriage.
When Facebook goes public in a few months, will the social media giant decide to list its stock on the New York Stock Exchange or the Nasdaq?
Netflix is launching its first original series to grow its streaming business and shift its focus away from DVD rentals, CNBC?s Julia Boorstin reports.
 Chrysler ignored some of the unwritten rules of Super Bowl advertising ? be brief, be funny ? for the second year in a row, but it didn?t matter to msnbc.com readers.
 Did you see the same Super Bowl ads that I did? If so you're probably like me now planning for the end times. Those 30 second messages paint a pretty dark picture about what is expected of us.
 Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout as patience in Brussels wore thin over drawn-out negotiations among its feuding political leaders.
 Dan Pugh wishes he had a bigger tractor and his wife Laura worries about their chickens in the winter weather. But as new farmers putting down roots in rural Missouri, the Pughs are counting on more rewards than regrets in trading their city lives for the country.
By msnbc.com staff Amazon.com is planning to open a retail store in Seattle within the next few months, according to a report on the Good e-Reader blog, a provider of news on the e-reader and tablet computing market.
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