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Stocks trade flat after mixed economic reports (AP)

12 Mar 2010 at 9:35am

AP - Stocks traded in a tight range Friday after mixed reports on retail sales and business inventories gave investors little new insight into the economy.

OC prosecutor to sue Toyota over vehicle problems (AP)

12 Mar 2010 at 9:28am
AP - Orange County prosecutors say they'll file a lawsuit against Toyota because of continuing problems with their vehicles.

Retail sales rise unexpectedly in February (AP)

12 Mar 2010 at 9:23am

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.

Democrats pare differences over health overhaul (AP)

12 Mar 2010 at 9:55am

AP - President Barack Obama put off the start of a scheduled Asian trip on Friday as the White House and senior Democrats reached for agreement on long-stalled health care legislation they hope to push through Congress within days.

UBS says IRS has 20 Swiss banks in its sights (AP)

12 Mar 2010 at 6:28am
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.

Nokia revises 2009 market share down to 34 pct (AP)

12 Mar 2010 at 9:31am
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.

A look at global economic developments (AP)

11 Mar 2010 at 4:21pm
AP - A look at economic developments and activity in major stock markets around the world Thursday:

AP Source: Obama wants Yellen as Fed vice chair (AP)

12 Mar 2010 at 6:19am

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.

AnnTaylor posts surprise quarterly profit (Reuters)

12 Mar 2010 at 7:36am
Reuters - Women's clothing retailer AnnTaylor Stores Corp reported a surprise quarterly profit on Friday, helped by tight inventory management and improved merchandise.

Greece says deficit goals on target so far (AP)

12 Mar 2010 at 8:52am

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.

Wells Fargo, Baltimore in talks after mortgage suit (Reuters)

12 Mar 2010 at 9:49am
Reuters - Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending practices.

India invests $10 bln in IMF notes (AFP)

12 Mar 2010 at 9:15am

AFP - India's central bank announced Friday it had agreed to buy 10 billion dollars of bonds issued by the International Monetary Fund as part of efforts to strengthen the Washington-based lender.

US retail sales post surprise 0.3% rise (AFP)

12 Mar 2010 at 8:55am

AFP - US retail sales unexpectedly rose for the second month in February, despite severe winter storms that hammered large regions of the country, official data showed Friday.

UK home loans fall by half in January (AP)

12 Mar 2010 at 4:18am
AP - The value of home mortgage advances in January fell by half from December, when there was a late rush to complete deals before a tax break ended at the New Year, the Council of Mortgage Lenders said Friday.

Oil prices climb towards $83 on upbeat IEA report (AFP)

12 Mar 2010 at 9:36am

AFP - World oil prices rose toward 83 dollars a barrel on Friday as the International Energy Agency reported strong growth in world energy demand, led by China.

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