Retail sales rise unexpectedly in February 12.03.2010, 15:23:57 WASHINGTON (AP) -- Retail sales posted a surprising increase in February as consumers did not let major snowstorms stop them from storming the malls. The advance, the biggest since November, provided hope that the recovery from the Great Recession is gaining momentum.... |
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Stocks turn lower after weaker inventories report 12.03.2010, 15:15:44 NEW YORK (AP) -- Stocks are erasing an early advance after the government said that business inventories were essentially flat in January.... |
CF seals $4.7 billion deal for Terra 12.03.2010, 15:17:05 NEW YORK (AP) -- After more than a year of bids and counterbids, CF Industries landed Terra Industries on Friday for $4.7 billion, creating a giant fertilizer company.... |
Nokia revises 2009 market share down to 34 pct 12.03.2010, 15:17:33 HELSINKI (AP) -- Nokia Corp. on Friday revised its global market share estimate for mobile phones in 2009 to 34 percent, from an earlier 38 percent, and said it expected no growth this year.... |
US retail sales give world stocks another lift 12.03.2010, 15:10:10 LONDON AP) (AP) -- European and U.S. stock markets rose Friday after better than expected figures on both sides of the Atlantic helped ease concerns about the pace of economic recovery.... |
Greece says deficit goals on target so far 12.03.2010, 14:52:18 ATHENS, Greece (AP) -- Greece said Friday it exceeded its deficit-cutting targets in January and February, ahead of a key fiscal assessment next week by the European Commission.... |
AP Source: Obama wants Yellen as Fed vice chair 12.03.2010, 12:19:29 WASHINGTON (AP) -- President Barack Obama intends to nominate Janet Yellen, the president of the Federal Reserve Bank of San Francisco, to take over as vice chairman of the Federal Reserve, a person familiar with the selection said Friday.... |
UBS says IRS has 20 Swiss banks in its sights 12.03.2010, 12:28:43 GENEVA (AP) -- Embattled UBS AG has warned that Switzerland's financial industry is at risk unless lawmakers approve a tax treaty with the United States, and that other Swiss banks may be next to face pressure from U.S. regulators.... |