Copyright (c) 2012 Yahoo! Inc. All rights reserved. http://news.yahoo.com/business business Business News en-us Thu, 23 Feb 2012 02:34:10 GMT 5 142 18 http://news.yahoo.com/business http://l.yimg.com/a/i/us/nws/th/main_142c.gif http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20120222/bs_nm/us_markets_stocks nm/20120222/us_markets_stocks Reuters business Wed, 22 Feb 2012 21:45:52 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20120222/bs_nm/us_markets_stocks"><img src="http://d.yimg.com/a/p/rids/20120222/i/r12562038.jpg?x=130&y=97&q=85&sig=vBlxJI5rPADlh7GRLjwBtQ--" align="left" height="97" width="130" alt="Traders work on the floor of the New York Stock Exchange February 21, 2012. REUTERS/Brendan McDermid" border="0" /></a>Reuters - Banks led stocks lower on Wednesday as the S&P 500 stalled near a 10-month-high after signs of weak European business activity rekindled concerns about a recession overseas.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20120222/bs_nm/us_markets_stocks"><img src="http://d.yimg.com/a/p/rids/20120222/i/r12562038.jpg?x=130&y=97&q=85&sig=vBlxJI5rPADlh7GRLjwBtQ--" align="left" height="97" width="130" alt="photo" title="Traders work on the floor of the New York Stock Exchange February 21, 2012. REUTERS/Brendan McDermid" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20120222/bs_nm/us_greece_fitch nm/20120222/us_greece_fitch Reuters business Wed, 22 Feb 2012 14:04:45 GMT 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. http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20120222/bs_nm/us_usa_economy_housing nm/20120222/us_usa_economy_housing Reuters business Wed, 22 Feb 2012 21:27:00 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20120222/bs_nm/us_usa_economy_housing"><img src="http://d.yimg.com/a/p/rids/20120218/i/r45518218.jpg?x=130&y=81&q=85&sig=ECcINrgvJtzXYTphE_yRtA--" align="left" height="81" width="130" alt="A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)" border="0" /></a>Reuters - 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.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20120222/bs_nm/us_usa_economy_housing"><img src="http://d.yimg.com/a/p/rids/20120218/i/r45518218.jpg?x=130&y=81&q=85&sig=ECcINrgvJtzXYTphE_yRtA--" align="left" height="81" width="130" alt="photo" title="A labourer selects wooden planks as he works at a residential construction site in Hefei, Anhui province February 18, 2012. China's home prices fell in January from December, marking the fourth monthly fall in a row and showing that the policy-driven property market downturn is deepening, which will add to worries about a hard landing in the world's second-largest economy. REUTERS/Stringer (CHINA - Tags: BUSINESS REAL ESTATE CONSTRUCTION EMPLOYMENT)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20120223/bs_nm/us_hp nm/20120223/us_hp Reuters business Thu, 23 Feb 2012 02:30:50 GMT Reuters - Hewlett-Packard Co's earnings fell nearly 44 percent and the world's No. 1 computer maker forecast a second-quarter profit below Wall Street estimates as it struggles with weak sales of PCs and printers. http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20120222/bs_nm/us_usa_fed_jobs nm/20120222/us_usa_fed_jobs Reuters business Wed, 22 Feb 2012 21:47:38 GMT Reuters - U.S. central bank officials have good reason to be skeptical about the strength of the economy: excessive optimism has caught them flat-footed before. http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120217/ap_on_bi_ge/eurld_markets ap/20120217/eurld_markets AP business Fri, 17 Feb 2012 15:13:27 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120217/ap_on_bi_ge/eurld_markets"><img src="http://d.yimg.com/a/p/ap/20120217/capt.1bee45085632461a921a835d703deb12-1bee45085632461a921a835d703deb12-0.jpg?x=130&y=92&q=85&sig=jIEPqKndepmmVEeTs4j.fA--" align="left" height="92" width="130" alt="A man walks in front of the electronic stock board of a securities firm in Tokyo, Friday, Feb. 17, 2012. Asian stocks rose strongly on Friday after encouraging U.S. housing and employment reports sent Wall Street to its highest level this year and added to growing optimism of a recovery in the world's No. 1 economy. Tokyo's benchmark Nikkei 225 index jumped 1.9 percent to 9,412.27. (AP Photo/Itsuo Inouye)" border="0" /></a>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.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120217/ap_on_bi_ge/eurld_markets"><img src="http://d.yimg.com/a/p/ap/20120217/capt.1bee45085632461a921a835d703deb12-1bee45085632461a921a835d703deb12-0.jpg?x=130&y=92&q=85&sig=jIEPqKndepmmVEeTs4j.fA--" align="left" height="92" width="130" alt="photo" title="A man walks in front of the electronic stock board of a securities firm in Tokyo, Friday, Feb. 17, 2012. Asian stocks rose strongly on Friday after encouraging U.S. housing and employment reports sent Wall Street to its highest level this year and added to growing optimism of a recovery in the world's No. 1 economy. Tokyo's benchmark Nikkei 225 index jumped 1.9 percent to 9,412.27. (AP Photo/Itsuo Inouye)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120222/ap_on_bi_ge/eu_britain_economy ap/20120222/eu_britain_economy AP business Wed, 22 Feb 2012 11:01:46 GMT AP - Bank of England rate-setters were divided this month on the vote to inject another 50 billion pounds ($79 billion) into the British economy, with two members arguing that a bigger stimulus was needed, minutes to their last meeting showed Wednesday. http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120223/ap_on_hi_te/us_earns_hewlett_packard ap/20120223/us_earns_hewlett_packard AP business Thu, 23 Feb 2012 00:16:58 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120223/ap_on_hi_te/us_earns_hewlett_packard"><img src="http://d.yimg.com/a/p/rids/20120223/i/r4260961142.jpg?x=130&y=84&q=85&sig=pP9Hl7TiFXhawYEiswej3g--" align="left" height="84" width="130" alt="A logo of HP is seen outside Hewlett-Packard Belgian headquarters in Diegem, near Brussels, January 12, 2010. REUTERS/Thierry Roge" border="0" /></a>AP - Hewlett-Packard Co. CEO Meg Whitman pleaded for patience Thursday as she described operational challenges and other internal problems that contributed to a decline in earnings at one of the world's largest technology companies.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120223/ap_on_hi_te/us_earns_hewlett_packard"><img src="http://d.yimg.com/a/p/rids/20120223/i/r4260961142.jpg?x=130&y=84&q=85&sig=pP9Hl7TiFXhawYEiswej3g--" align="left" height="84" width="130" alt="photo" title="A logo of HP is seen outside Hewlett-Packard Belgian headquarters in Diegem, near Brussels, January 12, 2010. REUTERS/Thierry Roge" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/time/20120223/wl_time/httpbusinesstimecom20120221canasecondbailoutsavegreecexidrssfullworldyahoo time/20120223/httpbusinesstimecom20120221canasecondbailoutsavegreecexidrssfullworldyahoo Time.com world Thu, 23 Feb 2012 01:40:00 GMT Time.com - After months of delays, arguments and doubts, euro zone finance ministers agreed on a second, $170 billion bailout of beleaguered Greece in the early hours of Tuesday morning http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20120223/pl_nm/us_usa_campaign_romney nm/20120223/us_usa_campaign_romney Reuters politics Thu, 23 Feb 2012 00:26:40 GMT Reuters - Republican Mitt Romney revised his proposal for overhauling the U.S. tax code on Wednesday, calling for all individual tax rates to be cut by 20 percent while declining to offer specifics on how to make up the lost revenue from lower rates. http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120222/ap_on_bi_ge/eu_greece_financial_crisis ap/20120222/eu_greece_financial_crisis AP business Wed, 22 Feb 2012 16:39:56 GMT 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. http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120221/ap_on_bi_ge/us_earns_macy_s ap/20120221/us_earns_macy_s AP business Tue, 21 Feb 2012 22:42:48 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120221/ap_on_bi_ge/us_earns_macy_s"><img src="http://d.yimg.com/a/p/ap/20120221/capt.a2d809a680144d80a6d9021a232176d0-a2d809a680144d80a6d9021a232176d0-0.jpg?x=109&y=130&q=85&sig=a3Csnp7guy_goy.ZWUMN6g--" align="left" height="130" width="109" alt="FILE - In this file photo taken Sept, 29, 2011, Elsy Santiago, left, and her sister Betsy, exit Macy's in Hialeah, Fla. Macy's Inc. said Tuesday, Feb. 21, 2012, its fiscal fourth-quarter net income climbed 12 percent thanks to strong holiday spending and surging online sales. (AP Photo/Alan Diaz, File)" border="0" /></a>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.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120221/ap_on_bi_ge/us_earns_macy_s"><img src="http://d.yimg.com/a/p/ap/20120221/capt.a2d809a680144d80a6d9021a232176d0-a2d809a680144d80a6d9021a232176d0-0.jpg?x=109&y=130&q=85&sig=a3Csnp7guy_goy.ZWUMN6g--" align="left" height="130" width="109" alt="photo" title="FILE - In this file photo taken Sept, 29, 2011, Elsy Santiago, left, and her sister Betsy, exit Macy's in Hialeah, Fla. Macy's Inc. said Tuesday, Feb. 21, 2012, its fiscal fourth-quarter net income climbed 12 percent thanks to strong holiday spending and surging online sales. (AP Photo/Alan Diaz, File)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120222/ap_on_re_us/us_broken_budgets_mortgage_money ap/20120222/us_broken_budgets_mortgage_money AP business Wed, 22 Feb 2012 22:47:22 GMT AP - The ink wasn't even dry on a settlement with the nation's top mortgage lenders when Missouri Gov. Jay Nixon laid claim to a chunk of the money to avert a huge budget cut for public colleges and universities. http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120222/ap_on_bi_ge/oil_prices ap/20120222/oil_prices AP business Wed, 22 Feb 2012 21:56:14 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120222/ap_on_bi_ge/oil_prices"><img src="http://d.yimg.com/a/p/ap/20120217/capt.1c9842580ddb4e22b31302b3a8b16a19-1c9842580ddb4e22b31302b3a8b16a19-0.jpg?x=130&y=93&q=85&sig=vgsdQPrXJN7Sd82hrfcaXQ--" align="left" height="93" width="130" alt="FILE - In this Wednesday, Feb. 15, 2012 file citizen journalism image provided by the Local Coordination Committees in Syria, anti-Syrian regime activist Khaled Abu-Salah stands in front of flames and black smoke from a bombed oil pipeline, in Baba Amr neighborhood in Homs province, central Syria. Syrian troops intensively shelled rebel-held neighborhoods in the restive central city of Homs, on Friday and killed at least five people, activists said. Britain and France urged the opposition to unite and said it needs more international support to resist the deadly government crackdown. (AP Photo/Local Coordination Committees in Syria, File) THE ASSOCIATED PRESS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS HANDOUT PHOTO" border="0" /></a>AP - Oil prices rose Wednesday on the expectation that world supplies could be squeezed further because of ongoing tensions with Iran.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120222/ap_on_bi_ge/oil_prices"><img src="http://d.yimg.com/a/p/ap/20120217/capt.1c9842580ddb4e22b31302b3a8b16a19-1c9842580ddb4e22b31302b3a8b16a19-0.jpg?x=130&y=93&q=85&sig=vgsdQPrXJN7Sd82hrfcaXQ--" align="left" height="93" width="130" alt="photo" title="FILE - In this Wednesday, Feb. 15, 2012 file citizen journalism image provided by the Local Coordination Committees in Syria, anti-Syrian regime activist Khaled Abu-Salah stands in front of flames and black smoke from a bombed oil pipeline, in Baba Amr neighborhood in Homs province, central Syria. Syrian troops intensively shelled rebel-held neighborhoods in the restive central city of Homs, on Friday and killed at least five people, activists said. Britain and France urged the opposition to unite and said it needs more international support to resist the deadly government crackdown. (AP Photo/Local Coordination Committees in Syria, File) THE ASSOCIATED PRESS IS UNABLE TO INDEPENDENTLY VERIFY THE AUTHENTICITY, CONTENT, LOCATION OR DATE OF THIS HANDOUT PHOTO" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120223/ap_on_el_pr/us_gop_debate_fact_check ap/20120223/us_gop_debate_fact_check AP business Thu, 23 Feb 2012 02:34:10 GMT AP - Twenty Republican presidential debates later, the head-scratching claims kept coming. http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20120223/ap_on_bi_ge/us_ford_pension_contribution ap/20120223/us_ford_pension_contribution AP business Thu, 23 Feb 2012 00:25:50 GMT AP - Ford Motor Co. will pump $3.8 billion into its global pension plans this year as it tries to get them closer to fully funding their obligations.