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Yahoo! News: Business News
Business News
- Stock index futures signal lower Wall Street open
(Reuters)
 Reuters - Stock index futures pointed to a lower open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.2 to 0.5 percent.
- Greek parties face EU bailout deadline
(Reuters)
 Reuters - Greece's coalition parties must tell the European Union on Monday whether they accept the painful terms of a new bailout deal to avoid a messy default that could threaten the country's future in the euro zone.
- Insight: Two firms flourish in frenzied MF Global aftermath
(Reuters)
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.
- GM aims for 10 percent profit margin over next few years: report
(Reuters)
Reuters - General Motors aims to raise its profit margin to 10 percent over the next several years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told the Wall Street Journal in an interview.
- Chrysler's "Halftime" ad: a roadmap for America?
(Reuters)
Reuters - Is what is good for Chrysler good for America?
- Analysis: Stock-picking makes a comeback as macro tides fade
(Reuters)
Reuters - Stock-picking once again matters on Wall Street.
- Obama presses Congress to pass aid to homeowners
(Reuters)
Reuters - President Barack Obama on Saturday pressed lawmakers to pass his proposal to provide up to $10 billion in aid to struggling homeowners, saying a failure to address the housing crisis would put the rest of the economy at risk.
- Aon Q4 profit rises, but margin pressures persist
(Reuters)
Reuters - Aon Corp posted a higher quarterly profit that narrowly beat market estimates, but the world's largest insurance broker continued to face margin pressures in its Aon Hewitt segment for the second-straight quarter.
- Intense Greek talks for debt deal continue
(AP)
 AP - Parties backing Greece's coalition government will hold a second day of emergency talks Monday on a vital austerity deal with rescue creditors, after an intense weekend of negotiations failed to produce a breakthrough needed to avert bankruptcy in March.
- New York sues banks over electronic mortgage system
(Reuters)
Reuters - New York State Attorney General Eric Schneiderman on Friday sued three major U.S. banks, accusing them of fraud for using an electronic mortgage database that resulted in deceptive and illegal practices.
- IMF official in Romania rejects criticism
(AP)
 AP - The head of the IMF mission in Romania has criticized politicians and media for accusing him of misconduct for having attended a party held by government officials at a time of harsh austerity measures.
- Euro zone sales tumble at Christmas, no sign of growth
(Reuters)
Reuters - Retail sales in the euro zone tumbled unexpectedly in December, the biggest drop in the Christmas period in three years, data showed on Friday, with rising joblessness and stubborn inflation undercut signs of a stabilization in Europe's economy.
- Romney focuses on Obama, Gingrich on Romney in NV
(AP)
 AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.
- Explosion rips through main Syrian oil pipeline in Homs
(Reuters)
Reuters - An explosion ripped through an oil pipeline feeding a main refinery in the city of Homs on Monday and a plume of smoke was seen rising from the site, residents and activists said.
- Police raids highlight Italy's fight against tax evasion
(Reuters)
Reuters - The two-man workshop close to the Vatican had been busy when tax police raided it last week, seizing about a million religious articles and souvenirs ranging from rosaries to images of Pope John Paul II.
- Mitsubishi Motors to stop making cars in western Europe
(Reuters)
Reuters - Japan's Mitsubishi Motors Corp (7211.T) said it will end production at its only western European plant, in the Netherlands, at the end of this year, a move that was expected as its sales in Europe have dropped to a third of their peak.
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