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Updated: 58 min 31 sec ago

Chinese Nod for Citibank Credit Cards May Signal Market Opening

1 hour 41 min ago
China’s decision to allow Citigroup Inc. to issue credit cards in its own name may signal a step toward the government in Beijing opening its banking industry.
Categories: General News

Obama Freezes Iranian Government, Bank Assets in U.S.

1 hour 45 min ago
President Barack Obama ordered a freeze on all Iranian government and financial institutions’ assets that are under U.S. jurisdiction, the White House said today.
Categories: General News

JPMorgan Agrees to Pay $110 Million in Overdraft Fee Case

1 hour 46 min ago
JPMorgan Chase & Co., the biggest U.S. bank by assets, reached a preliminary agreement to pay $110 million to settle litigation saying it gouged customers on overdraft fees for checking accounts, court records show.
Categories: General News

Republicans Move Toward Romney as Pace of Primaries Picks Up

1 hour 47 min ago
Republican voters are beginning to coalesce around the presidential candidacy of front-runner Mitt Romney even as his opponents vow to continue their campaigns into a series of contests this month and beyond.
Categories: General News

Stocks Least Loved Since ’80s as U.S. Scales Wall of Worries

1 hour 47 min ago
The Standard & Poor’s 500 Index’s best start in 25 years is doing little to restore Americans’ confidence in the stock market.
Categories: General News

American Foreclosure Bottoms at Atlanta Tower Auction: Mortgages

1 hour 48 min ago
The U.S. foreclosure crisis has risen to new heights.
Categories: General News

Britain Prepares for Worst as EU Strives to End Euro Crisis

1 hour 48 min ago
As a debt-crisis remedy eludes European leaders, Britain is readying its economic defenses amid warnings that a breakup of the euro would spell havoc for the U.K. economy.
Categories: General News

Smartphone Shipments Jump 55%

1 hour 52 min ago
Demand for Apple’s iPhone 4S drove a fourth-quarter surge in global shipments of web-capable phones
Categories: General News

Pakistan’s Economy ‘Highly Vulnerable’ to Shocks, IMF Says

3 hours 4 min ago
Pakistan must stem risks to a “highly vulnerable” economy that include inflation projected at 12 percent, a widening budget deficit and declining currency reserves, the International Monetary Fund said.
Categories: General News

Indonesia GDP Expands Fastest Since 1996 as Investment Gains

3 hours 4 min ago
Indonesia’s economy grew last year at the fastest pace since before the Asian financial crisis as rising investment and domestic spending countered a slowdown in export demand due to Europe’s debt crisis.
Categories: General News

Syrian Forces Shell Cities to End Revolt After Russian Veto

3 hours 10 min ago
Forces loyal to Syrian President Bashar al-Assad pressed artillery attacks against the central city of Homs after Russia vetoed a United Nations Security Council resolution aimed at ending the fighting.
Categories: General News

Health-Care Case Tests Supreme Court’s Ban on Live Broadcasts

3 hours 12 min ago
The historic U.S. Supreme Court battle over President Barack Obama’s signature health-care legislation -- with 5 1/2 hours of arguments planned over three days on a matter that affects every American and may influence the 2012 elections -- will test the justices’ refusal to allow live broadcasts of their proceedings.
Categories: General News

Brazil Said to Require Local Content on New Mining Contracts

3 hours 12 min ago
Brazil, the world’s second largest iron-ore exporter, is seeking to apply local supplier requirements to new mining contracts, according to a government official who participated in drafting the industry’s new rules.
Categories: General News

AMR’s Horton Willing to Weigh Acquisitions After Bankruptcy

3 hours 17 min ago
AMR Corp.’s American Airlines, whose bankruptcy made it a possible takeover target, may try to buy a rival after leaving Chapter 11 as the U.S. industry shrinks, Chief Executive Officer Tom Horton said.
Categories: General News

Funds Underestimating EU’s Will to Force Greek Losses

3 hours 20 min ago
Hedge funds seeking to wring profits from a Greek debt restructuring are underestimating the will of policy makers to impose losses on them, according to investors who say trying to beat the politicians is too risky.
Categories: General News

Why It's Dumb to Call Obama a Socialist

3 hours 21 min ago
Romney and company have chosen the weaker of two possible attacks over Obama's handling of the banks, says Joshua Green
Categories: General News

Verizon, Redbox to Challenge Netflix

3 hours 29 min ago
Verizon Communications Inc., the second-largest U.S. phone carrier, formed a joint venture with Coinstar Inc. to compete with Netflix Inc. in offering DVD-movie rentals and a video streaming and download service.
Categories: General News

Ticonderoga Said to Shut After Failed Bid to Boost Capital

4 hours 18 min ago
Ticonderoga Securities LLC, the New York brokerage with about 75 employees, will halt operations after an attempt to boost capital fell through, according to people with direct knowledge of the decision.
Categories: General News

Honda, Kia Fume as Obama Saves Auto-Show Love for U.S. Makers

4 hours 18 min ago
As President Barack Obama planned a visit to the Washington Auto Show for Jan. 31, non-U.S.-based automakers including Honda Motor Co. and Toyota Motor Corp. hustled to show off for him.
Categories: General News

Morgan Stanley CEO Says Complaints on Pay Cuts Would Be ‘Naive’

4 hours 19 min ago
Morgan Stanley Chairman and Chief Executive Officer James Gorman said employees understand why the firm had to cut pay, and those who don’t need to adjust their attitude.
Categories: General News