tuesday

Fed’s No. 2 sees room for further monetary easing (Reuters)

Reuters – Janet Yellen, the Federal Reserve’s influential vice chair, said on Tuesday the U.S. central bank has room to ease monetary policy further, possibly by providing more information on the path of interest rates.

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Fed’s No. 2 sees room for further monetary easing
(Reuters)

tuesday

S&P cuts ratings on big banks after criteria change (Reuters)

Reuters – Standard & Poor’s reduced its credit ratings on 15 big banking companies, mostly in the Europe and the United States, on Tuesday as the result of a sweeping overhaul of its ratings criteria.

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S&P cuts ratings on big banks after criteria change
(Reuters)

tuesday

American Airlines files for bankruptcy (Reuters)

Reuters – American Airlines filed for bankruptcy protection on Tuesday to cut labor costs in the face of high fuel prices and dampened travel demand, capping a prolonged descent for what was once the largest U.S. carrier.

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American Airlines files for bankruptcy
(Reuters)

tuesday

FCC to let AT&T pull merger application (Reuters)

Reuters – Communications regulators released a staff report criticizing AT&T Inc’s $39 billion plan to purchase T-Mobile USA, even though they agreed on Tuesday to let the companies withdraw their request for approval.

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FCC to let AT&T pull merger application
(Reuters)

tuesday

Spain short-term yields leap after election (Reuters)

Reuters – Spain’s Treasury paid the highest yields in 14 years to issue short-term bills on Tuesday, in a sign that a resounding election victory for the center-right People’s Party on Sunday has done little to soothe investor nerves.

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Spain short-term yields leap after election
(Reuters)

tuesday

Postal Service loses $5.1 billion in fiscal 2011 (Reuters)

Reuters – The Postal Service reported a net loss of $5.1 billion for its 2011 fiscal year and on Tuesday warned that could run out of cash by September of next year if Congress did not offer relief.

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Postal Service loses $5.1 billion in fiscal 2011
(Reuters)

tuesday

Fannie, Freddie cut lenders’ risk in refinance program (Reuters)

Reuters – Fannie Mae and Freddie Mac , the largest sources of U.S. housing finance, both said on Tuesday they would relieve lenders from certain risks associated with refinanced loans in an effort to help a government program

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Fannie, Freddie cut lenders’ risk in refinance program
(Reuters)

tuesday

Gridlock on deficit panel looms over stock rally (AP)

AP – Like the sequel of blockbuster horror movie, the debt ceiling may strike again.

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Gridlock on deficit panel looms over stock rally
(AP)

tuesday

Italy woes weigh, but earnings lift stocks (Reuters)

Reuters – Italian bond yields ticked higher on Tuesday, closing in on unsustainable levels as lawmakers in Rome readied for a crucial vote on public finances that marks the latest chapter in the euro zone debt crisis.

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Italy woes weigh, but earnings lift stocks
(Reuters)

tuesday

Olympus admits it hid losses for decades (Reuters)

Reuters – Japan’s Olympus admitted on Tuesday it hid losses on securities investments dating back to the 1980s, succumbing to weeks of pressure to explain a series of baffling transactions that have put the future of the firm in doubt.

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Olympus admits it hid losses for decades
(Reuters)

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