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PhilippineTimes.com Friday 10th February 2012 Volume 20120210
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Greek disarray shatters Wall Street calmGreek disarray shatters Wall Street calm
U.S. stocks fell sharply Friday with problems surfacing in Greece over austerity measures planned by the government.

A national strike by workers to protest the government's proposed reforms...


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China's first trade decline in two years triggers fearsChina's first trade decline in two years triggers fears
BEIJING - China's exports and imports in January have recorded more-than-expected decline, triggering fears about the global financial crisis which may have contributed to the drop in its...
US stocks drop on Greece worries
US stocks dropped Friday as Greece's crucial international bailout was put on hold by eurozone finance ministers.

Eurozone finance ministers said Greece had to save an extra $430 million in order to...
Spain embarks on labour reforms to create jobsSpain embarks on labour reforms to create jobs
MADRID - The Spanish government Friday approved a new decree to usher in labour market reforms to tackle an all time high unemployment of nearly 5.3 million.

The new regulation, the first major...
$25 bn settlement with banks to provide relief to US homeowners$25 bn settlement with banks to provide relief to US homeowners
WASHINGTON- In a settlement that will bring relief to over a million house owners in the US, five of the biggest American banks accused of abusive mortgage practices have agreed to a $25 billion...
Protests in Greece as Eurozone lays down fresh bailout conditionsProtests in Greece as Eurozone lays down fresh bailout conditions
BRUSSELS/ATHENS As Eurozone put forth fresh conditions for Athens to secure a 130 billion bailout package violent protests broke out in Greece against the austerity measures and four ministers were...
UK property market shows signs of upturnUK property market shows signs of upturn
LONDON - Strong indicators of Britain's property market looking up to be are seen with a rise in those investing for renting out and first time buyers making a strong return, while loan defaults...
NY's AG isn't backing down from Wall Street probe
ALBANY, N.Y. (AP) -- New York Attorney General Eric Schneiderman (SHNEYE'-dur-muhn), a lead investigator into the mortgage collapse that wobbled the U.S. economy, says he won't take the...
Delta to give employees profit sharing checks totaling $264 million
FILE - In tis Aug. 4, 2011 file photo, Delta Airlines luggage carts sit idle at Hartsfield-Jackson Atlanta International Airport, in Atlanta. Higher fares helped Delta Air Lines Inc. produce a bigger...
Twin Cities home sales surged during January
Just Listed brings you the latest news and information from the Twin Cities-area commercial and residential real estate market and beyond from veteran reporters Jim Buchta and Janet...
Dayton vetoes GOP's lawsuit bills, calls them a "sop" to insurance industry
In vetoing lawmakers' lawsuit regulation measures Friday, DFL Gov. Mark Dayton reached beyond the four bills to call Republican lawmakers too extreme to lead. "It is hard for me to believe...
ValueVision expects 4Q revenue to fall 18 percent
ValueVision Media said Friday that it expects fourth quarter revenue to fall 18 percent to $148 million, due to continued weakness in consumer electronics. The Eden Prairie-based electronic...
Trade deficit widens to $48.8 billion in December
In this photo of Feb. 4, 2012, a cargo ship, owned by German shipping company Hapag-Lloyd, crosses New York Harbor. The U.S. trade deficit widened in December, reflecting a jump in imports of autos...
Fox Searchlight execs say 'Shame' may not pay off financially
The controversial drama "Shame" has already made $10.5 million worldwide despite its NC-17 rating. But, it's only taken in $3.5 million in the US for domestic distributor Fox...
NYSE Euronext 4Q profit dips, hit by failed merger costs
Stock exchange operator NYSE Euronext said Friday that it was well positioned for 2012 and beyond despite a tough near-term outlook for trading volume and currencies, as it reported an almost 19...
Citigroup takes $50M loss in global interest rate probe, report says
Citigroup was forced to take a loss of at least $50 million after two former traders were accused of manipulating global interest rates, the Financial Times (FT) reported Friday, amid a worldwide...
US trade gap widens above forecasts, hits three-year high in 2011
WASHINGTON -- The US trade deficit widened for the second straight month in December, pushed higher by rising oil prices and imports of cars and planes, official data revealed Friday.The US deficit...
No succession plan, poor outlook irks Pepsi investors
The 800-pound PepsiCo succession gorilla is still in the room.While many on Wall Street were hoping CEO Indra Nooyi yesterday would promote execs or otherwise make clearer a succession plan, the...
NBC entertainment chief spending big bucks as pink slips loom for marketing department
EXCLUSIVE NBC entertainment chief Bob Greenblatt is looking to slim down his bloated marketing department as part of an overhaul of the struggling Peacock Network, The Post has learned. In the...
LinkedIn jumps 8 percent in extended trading after fourth-quarter results beat expectations
LinkedIn’s popularity is on the rise. The social-networking site for business professionals saw its shares jump more than 8 percent in extended trading after it posted fourth-quarter results...
Picking up the pieces: Details of $25B housing rescue deal revealed
Nearly five years after the housing market collapsed and millions were evicted, American homeowners may finally get some relief under a massive $25 billion settlement aimed at putting an end to...
Metals Stocks: Gold ends lower as Greece delay hits commodities
SAN FRANCISCO (MarketWatch) -- Gold prices declined Friday, moving alongside other commodity and equity markets, as the U.S. dollar and U.S. bonds were the safe-haven investments of choice after...
Videogame stocks sink on weak sales data
SAN FRANCISCO (MarketWatch) -- Stocks in the videogame sector sank across the board Friday after data showed a strong decline in industry retail sales during January -- even worse than Wall Street...
After Hours: LinkedIn, NYSE to remain active in after hours
SAN FRANCISCO (MarketWatch) -- LinkedIn Inc. and NYSE Euronext shares are likely to remain active in after-hours trading on Friday following strong gains during regular...
Market Snapshot: U.S. stocks slump as Greece deal delayed
NEW YORK (MarketWatch) -- U.S. stocks fell sharply Friday, jeopardizing a sixth week of gains for the S&P 500, on worries that efforts to keep Greece from defaulting were falling...
Bond Report: Treasurys gain as Greece back to the drawing board
NEW YORK (MarketWatch) -- Treasury prices jumped Friday, pushing yields down from their highest levels in at least two weeks, after European leaders said Greece needed to do more before they would...
Futures Movers: Oil drops on IEA outlook cut, Greece jitters
SAN FRANCISCO (MarketWatch) -- Crude-oil futures declined Friday after the International Energy Agency cut its outlook for global oil demand, and investors turned jittery yet again on Greece and its...
Currencies: Dollar erases recent decline on Greece uncertainty
NEW YORK (MarketWatch) -- The U.S. dollar rose on Friday, reversing losses in recent days, after euro-zone finance ministers delayed approval of a crucial bailout package for Greece, pushing traders...
Movers & Shakers: Friday’s biggest gaining and declining stocks
Markets grow uneasy over Greece Markets react Friday to the latest developments surrounding Greece's austerity package and prospects for a bailout package passing muster with European leaders....
Biotech Stocks: Can Vertex Pharma shares stage a comeback?
That's a nagging question for investors, who have watched Vertex's once-bright star fade as the shares of rival hepatitis C-drug developers turn supernova. But Vertex shares could get a...
Canadian Markets: Canadian stocks trade lower on Greece woes
SAN FRANCISCO (MarketWatch) -- Canadian stocks traded lower Friday, pulled down by a bout of risk averseness following stumbles for the much-awaited Greek agreement on austerity measures and as stock...
Earnings Reports: Everest Re, XL Group
Q4 2011 Q4 2010 Gross premiums written* —— $1.356 bn $1.408 bn Full year - 2011 2010 $7.292 bn $6.762 bn Net premiums earned —- $1.476 bn $1.377 bn Full year - 2011 2010 ...
Uganda's Museveni is more concerned with oil than the anti-homosexuality bill | Nicholas Young
Uganda 's president Yoweri Museveni has officially distanced himself from the noxious anti-homosexuality bill that has resurfaced in the country's parliament, saying that he cannot...
Greek homeless shelters take in casualties of debt crisis
Greece on Thursday night was stark: there will be no new bailout - and the Greek nation will go bankrupt - unless Athens finds a further EUR325m of budget cuts, on top of the EUR3.3bn of austerity...
Cable & Wireless Communications slumps 17% after earnings warning, while FTSE falls on Greek drama
slumped nearly 17% after it warned its full year results would not meet expectations.The company said its business in Panama was facing increased competition and lower demand from corporate clients,...
Greece austerity protests turn violent – video
Police in Athens use teargas against protesters after demonstrations against EU-imposed austerity measures turned violent on Friday. The protests came after the government agreed on a EUR130bn...
Greek strikes: protestors clash with police after bailout talks
Thousands of demonstrators hit the streets of Greece on Friday to protest against the terms of the country's second bailout package. Here, a group hold the Greek flag in front of the Athens...
European debt crisis pitches Germany against Greece
After the mass downgrade by S&P of European sovereigns last month, the remaining AAA-rated countries - including Germany - are more determined than ever to show their fiscal...
Is Barclays' financial reporting 'defective'?
Barclays has reported a fairly anaemic return on capital of 6.6% - and returns are a benchmark for bonus payouts. Photograph: Bloomberg via Getty...
Britain isn't building its way out of this downturn
In a recovery, construction leads the way. Its a truism of economic analysis that construction, while only a small part of the economy at around 7%, gives GDP a strong push out of a recessionary...
Forbes Earnings Preview: Avis Budget
The consensus estimate hasn’t changed over the past month, but it’s down from three months ago when it was 7 cents. Analysts are projecting earnings of $1.82 per share for the fiscal...
Forbes Earnings Preview: CBS
For the fiscal year, analysts are projecting earnings of $1.89 per share. Revenue is projected to be 0.2% above the year-earlier total of $3.9 billion at $3.91 billion for the quarter. For the year,...
Forbes Earnings Preview: Abercrombie & Fitch
announcement of its fourth quarter earnings on Wednesday, February 15, 2012 analysts have become more wary as expectations have fallen over the past month to earnings of $1.12 per share from earnings...
Forbes Earnings Preview: CF Industries
fourth quarter results in the month leading up to the company’s earnings announcement slated for Wednesday, February 15, 2012. The consensus analyst estimate has dropped from $7 a share to the...
Forbes Earnings Preview: CenturyLink
Analysts are expecting CenturyLink to come in with earnings of 61 cents per share, 19.7% less than a year ago when it reported earnings of 76 cents per share. The consensus estimate is has risen...
Forbes Earnings Preview: Cliffs Natural Resources
announcement of its fourth quarter earnings on Wednesday, February 15, 2012 analysts have become more wary as expectations have fallen over the past month to earnings of $1.85 per share from earnings...
Forbes Earnings Preview: Comcast
Over the past three months, the consensus estimate has fallen from 43 cents. For the fiscal year, analysts are expecting earnings of $1.52 per share. Revenue is projected to be $14.87 billion for...