Government opens case against accused swindler Stanford (Reuters)

January 27th, 2012 at 05:58pm Under business

Reuters - Texas financier Allen Stanford used lies and bribes to steal the hard-earned savings of his customers, prosecutors said on Tuesday.

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Obama courts Latino vote on economic tour (AP)

January 27th, 2012 at 05:58pm Under business

President Barack Obama speaks at UPS, Thursday, Jan. 26, 2012, in Las Vegas. (AP Photo/Haraz N. Ghanbari)AP - President Barack Obama is courting Hispanics in politically important states, setting himself up as a champion of the crucial Latino voting bloc and as a foil to Republican candidates fighting for a share of support from the same groups.

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Wall Street opens lower after GDP data (Reuters)

January 27th, 2012 at 05:35pm Under business

Trader Frederick Reimer works on the floor of the New York Stock Exchange, January 23, 2012. REUTERS/Brendan McDermidReuters - U.S. stocks opened lower on Friday after data showed the U.S. economy grew less than expected in the fourth quarter, while weak earnings from Ford and Procter & Gamble and euro zone debt worries also weighed on the market.

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Finance chiefs reassure business leaders at Davos (AP)

January 27th, 2012 at 05:30pm Under business

German Finance Minister Wolfgang Schaeuble, right, points to French Finance Minister Francois Baroin, left, during a session at the World Economic Forum in Davos, Switzerland, Friday, Jan. 27, 2012. The meeting lasts until Jan. 29. (AP Photo/Michel Euler)AP - Leading finance chiefs sought to reassure anxious global business leaders on Friday that Europe is on track to solve its crippling debt crisis before it drags the world’s economies down.

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Eastman Chemical to buy Solutia for $3.38 billion (Reuters)

January 27th, 2012 at 05:29pm Under business

Reuters - Eastman Chemical is buying specialty chemical maker Solutia Inc for about $3.38 billion in cash and stock to extend its reach in emerging markets, particularly the Asia-Pacific region.

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Ford hit by commodity costs, international woes (Reuters)

January 27th, 2012 at 05:23pm Under business

The Ford Motor Co's logo is seen on top of the Ford Motor Company World Headquarters in Dearborn, Michigan, October 26, 2009. REUTERS/Rebecca CookReuters - Ford Motor Co reported a lower-than-expected fourth-quarter profit on Friday as commodity costs shot up and results from operations outside North America fell short of expectations.

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P&G’s net income falls, hobbled by higher costs (AP)

January 27th, 2012 at 05:19pm Under business

This Jan. 23, 2012 photo, shows a travel-size tube of Crest toothpaste and toothbrush in a Moreland Hills, Ohio home. Procter & Gamble Co. said Friday Jan. 27, 2012 its net income fell 49 percent in the fiscal second quarter, hobbled by higher materials costs and a writedown in the value of some of its businesses. P&G also lowered its earnings predictions for the year. (AP Photo/Amy Sancetta)AP - Procter & Gamble Co.’s net income fell 49 percent in its fiscal second quarter, hobbled by higher materials costs and a writedown in the value of some of its businesses. P&G also lowered its earnings predictions for the year.

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Chevron profit falls as refineries, output suffer (Reuters)

January 27th, 2012 at 05:18pm Under business

Reuters - Chevron Corp reported lower quarterly earnings on Friday, missing Wall Street forecasts, as rising spending on oil and gas projects and losses at its U.S. refinery business offset gains from higher crude oil prices.

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U.S. growth quickens in Q4, but speed-bumps ahead (Reuters)

January 27th, 2012 at 05:15pm Under business

Reuters - The U.S. economy grew at its fastest pace in 1-1/2 years in the fourth quarter of 2011, but a strong rebuilding of stocks by businesses and a slower pace of spending on capital goods hinted at softer growth early this year.

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Costa to offer 11,000 euros to passengers on Concordia (Reuters)

January 27th, 2012 at 01:55pm Under world

Reuters - Several of Italy’s consumer groups signed an agreement with Costa Cruises to offer about 11,000 euros ($14,500) to each of the more than 3,000 passengers aboard the Costa Concordia when it hit a rock and capsized near the Italian island of Giglio on January 13, a statement from the consumer groups said.

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