AP – Greece’s European partners tightened the screws on Athens on Monday, demanding that political leaders swiftly agree on more austerity measures in exchange for a new bailout package needed to avert a disastrous bankruptcy.
Tag Archives: Business
Hasbro 4Q net income dips 1 percent (AP)
AP – Hasbro Inc.’s fourth-quarter profit slipped 1 percent, pinched by softer-than-expected demand in the U.S. and Canada and slow sales of games and puzzles
Glencore, Xstrata hammer out premium as deal nears (Reuters)
Reuters – Top executives at Glencore and Xstrata are hammering out the final details of a proposed $80 billion merger, including the premium on offer by the commodities trading giant to secure approval from the miner’s shareholders.
Greece lets another deadline slip in bailout poker (Reuters)
Reuters – Greece let yet another deadline slip on Monday for responding to painful terms for a new EU/IMF bailout as patience in Brussels wore thin over drawn-out negotiations among its feuding political leaders.
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.
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.
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.
Euro, shares lower ahead of Greek high noon (Reuters)
Reuters – The euro and European shares retreated on Monday on nerves Greek would fail to come up with the political commitments needed to avoid a potential sovereign debt default, taking the shine off a U.S. jobs report that had brightened the global economic outlook.
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.
Europe’s shadow darkens outlook (Reuters)
Reuters – A renewed focus on Europe’s banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report.

