UK economy shrinks by 0.2 pct in 4th quarter (AP)
LONDON ? Britain’s economy shrank by 0.2 percent in the last three months of 2011, official data showed Wednesday, a worse than expected result that raises fears of a recession and could see the Bank...
View ArticleEurope’s debt rose to 82 percent of output at end-Q3 (Reuters)
BRUSSELS (Reuters) ? The European Union’s total government debt rose slightly to 82.2 percent of economic output in the third quarter of 2011, the EU’s statistics agency said on Monday, lower than the...
View ArticleRate on 30-year mortgage stays at record 3.87 pct. (AP)
WASHINGTON ? The average rate on the 30-year fixed mortgage stayed at a record low this week, providing some added incentive for those looking to buy a home or refinance. Mortgage buyer Freddie Mac...
View ArticleAs Facebook IPO nears, the case for dull stocks (AP)
NEW YORK ? Investors thinking of buying a piece of Facebook after it goes public are hoping it will perform like Google, whose stock has risen 500 percent since its debut seven and a half years ago....
View ArticleWall St up on Greece, nears resistance (Reuters)
NEW YORK (Reuters) ? Stocks rose on Monday, led by bank shares after Greece’s parliament approved reforms needed to qualify for a cash disbursement and avoid an unruly default. Greek lawmakers backed...
View ArticleSmall Businesses 'Not A Big Source Of Job Creation,' Say Economists
NEW YORK — Mitt Romney says they’re “job creators” and vows to come to their aid as president. Newt Gingrich visited them on his “jobs and growth” bus tour. President Barack Obama calls them “the...
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Professors develop food-magnifying glasses, no need to super size
Big eyes, small stomach. We’ve all been there at some point, when we load our plate up with more than our tummies can handle. Now, a team of Professors at Tokyo University has created special glasses...
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AP survey: Next president faces high unemployment
FILE-In this Thursday, June 28, 2012, file photo, The White House is seen in Washington. High unemployment threatens not only President Barack Obama’s re-election prospects. It will also bedevil...
View ArticleBuffalo Wild Wings 2Q net up 9 pct., misses views
MINNEAPOLIS (AP) ? Shares of Buffalo Wild Wings dropped in extended trading Tuesday after the restaurant chain’s second-quarter earnings rose but missed Wall Street expectations. The Minneapolis-based...
View ArticleThe Greek debt trap: an escape plan – Bruegel
Without corrective measures, Greek public debt will exceed 190 percent of GDP, instead of peaking at the anyway too-high target ratio of 167 percent of GDP of the March 2012 financial assistance...
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