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Wall Street eases as investors eye Greece

Reuters Business News - 1 hour 43 min ago
NEW YORK (Reuters) - Stocks edged lower on Monday as a delay by debt-ridden Greece in accepting the terms of a bailout gave investors little reason to buy equities after a five-week rally.

Fed should raise rates in 2013, Bullard says

Reuters Business News - 1 hour 50 min ago
CHICAGO (Reuters) - The Federal Reserve should start raising interest rates next year, a top Fed official said on Monday, arguing that even if rates stay near zero for many years, U.S. economic output will not bounce back to pre-recession levels.

Greeks delay bailout talks as Merkel demands action

Reuters Business News - 1 hour 52 min ago
ATHENS/PARIS (Reuters) - German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.

Humana forecast is below Street view; shares fall

Reuters Business News - 2 hours 9 min ago
(Reuters) - Humana Inc reported a quarterly profit that met analyst estimates, but the health insurer failed to raise its full-year forecast up to Wall Street's target and its shares fell 5.4 percent.

Verizon and Redbox team up to battle Netflix

CNN Money - 2 hours 14 min ago
Verizon and DVD kiosk company Redbox said Monday that they're teaming up on a streaming video partnership, a move that puts Netflix squarely in their crosshairs.

Citi is first U.S. bank to issue Chinese credit card

CNN Money - 2 hours 39 min ago
Citibank won approval to issue its own credit card in China, making it the first non-Asian bank to enter that market.

OBAMA VS. REAGAN

CNN Money - 2 hours 52 min ago
Faced with a strong jobs report Friday, Republicans tried out a new rhetorical message: This isn't a disaster, but Ronald Reagan could have done better.

Greece on the brink

CNN Money - 3 hours 21 min ago
Officials in Greece were under pressure Monday to agree on the terms of a new bailout package, as the threat of a default hangs over the country.

Goldman's Blankfein endorses same-sex marriage

CNN Money - 3 hours 21 min ago
Goldman Sachs CEO Lloyd Blankfein has recorded a commercial endorsing the right to same-sex marriage, becoming one of the highest profile corporate executives to weigh in on the controversial campaign.

Chrysler's "Halftime" ad: a roadmap for America?

Reuters Business News - 3 hours 26 min ago
LAS VEGAS (Reuters) - Is what is good for Chrysler good for America?

As Facebook grows up, it courts Madison Avenue

Reuters Business News - 3 hours 29 min ago
(Reuters) - About a year ago, when it became clear that taking Facebook Inc public was a matter of when not if, Chief Operating Officer Sheryl Sandberg went out and poached Caroline Everson, then global advertising head at Microsoft Corp.

Insight: Two firms flourish in frenzied MF Global aftermath

Reuters Business News - 3 hours 31 min ago
NEW YORK (Reuters) - The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.

Stocks edge lower amid Greece jitters

CNN Money - 3 hours 33 min ago
U.S. stocks fell at Monday's open, as investors anxiously await a Greek government decision on budget cuts that are key to securing a second bailout and avoiding default.

Boeing to correct 787 Dreamliner fuselage issue

Reuters Business News - 4 hours 11 min ago
(Reuters) - Boeing has discovered a problem related to the aft fuselage of its 787 Dreamliner planes and is making repairs that will not affect production of the aircraft, the company said in an emailed statement on Sunday.

S&P president: Why I'm still hopeful about Europe

CNN Money - 4 hours 30 min ago
Douglas Peterson, the president of Standard & Poor's, talks about European downgrades, ratings agency regulation and why he left an investment bank to run a firm trying to restore its reputation.

House bill bans welfare spending at strip clubs

CNN Money - 4 hours 49 min ago
If welfare recipients want to dole out the dollar bills at a strip club, they'd better make sure it's not government money ... at least if a bill in Congress becomes law.

China growth could halve if Europe crisis worsens: IMF

Reuters Business News - 5 hours 23 sec ago
BEIJING (Reuters) - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said.

GREECE IN FOCUS

CNN Money - 5 hours 13 min ago
U.S. stocks were set for a weak open Monday as investors anxiously await a Greek government decision on budget cuts key to securing a second bailout and avoiding default.

Analysis: Italy charm offensive more style than substance

Reuters Business News - 6 hours 30 min ago
ROME (Reuters) - The enthusiasm surrounding Mario Monti is excessive. He has not had time to address Italy's problems seriously, never mind fix them.

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