Yahoo! News: Business

Obama: Signs of progress on payroll tax cuts (AP)

Wed, 15 Feb 2012 00:09:28 +0800

AP - President Barack Obama says he is seeing signs of progress from Congress as lawmakers debate extending a payroll tax cut due to expire at the end of the month.

Obama: "hopeful" on payroll tax cut extension (Reuters)

Wed, 15 Feb 2012 00:07:11 +0800

Reuters - President Barack Obama said on Tuesday he had seen some "hopeful signs" that Congress would pass a payroll tax cut extension for the entire year, as he maintained pressure on lawmakers to take action he said was needed to keep the U.S. recovery on track.

Euro zone puts Greek plan under microscope (Reuters)

Wed, 15 Feb 2012 00:02:36 +0800

Reuters - Greece's bid for a new bailout got close inspection on Tuesday from euro zone officials poring over the details of Athens' budget to decide whether it has met conditions to get the money.

Creditors spell out Greece austerity measures (AP)

Wed, 15 Feb 2012 00:00:08 +0800

AP - Greece's international creditors spelled out the detailed spending cuts and reforms that Athens has to introduce before it can receive vital bailout cash, according to a draft document obtained by The Associated Press on Tuesday.

Retail sales up modestly but recovery advances (Reuters)

Tue, 14 Feb 2012 23:59:07 +0800

Reuters - Retail sales rose less than expected in January, hurt by discounting in the auto sector, but a rebound in an underlying measure of sales suggested a solid underpinning for the economy's recovery.

NM Senate approves corporate income tax change (AP)

Tue, 14 Feb 2012 23:51:32 +0800

AP - The Senate has approved a proposal to lower New Mexico's corporate income tax rate but change the tax treatment of large corporations with income from operations nationwide.

Report: Philly should consider selling gas company (AP)

Tue, 14 Feb 2012 23:44:38 +0800

AP - A consulting company has recommended that Philadelphia officials consider selling the city's municipally owned gas company to a private entity.

Goodyear posts 4Q profit, but misses Street view (AP)

Tue, 14 Feb 2012 23:37:29 +0800

AP - Goodyear Tire & Rubber Co. returned to profitability in its fourth quarter partly as it sold more higher-priced tires after reporting a loss a year ago that included hefty costs tied to a plant closing.

Wall Street falls after retail sales data disappoint (Reuters)

Tue, 14 Feb 2012 22:50:49 +0800

Reuters - The S&P 500 index retreated from near a seven-month high Tuesday after weaker-than-expected January U.S. retail sales data curbed investors' appetite for risky assets.

Michael Kors posts higher profit; stock jumps (Reuters)

Tue, 14 Feb 2012 22:45:52 +0800

Reuters - Michael Kors Holdings Ltd reported higher quarterly results, helped by strong demand for its namesake luxury brand, sending shares of the designer apparel and accessory company up 23 percent.