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Wall Street dips as traders cash in year's winners (Reuters) -- Tue, 14 Feb 2012 18:18:15 GMT

Traders work on the floor of the New York Stock Exchange February 7, 2012. REUTERS/Brendan McDermidReuters - Stocks of financial and basic materials companies led Wall Street lower on Tuesday after rallies by those groups this year, while the retail sector hit a record even as retail sales rose less than expected last month.


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Retail sales point to underlying strength (Reuters) -- Tue, 14 Feb 2012 19:46:36 GMT
Reuters - Retail sales picked up last month after a sluggish December, providing a firm foundation for the economy's recovery.
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Yahoo-Alibaba talks at an impasse: sources (Reuters) -- Tue, 14 Feb 2012 20:30:50 GMT

Iranian women use computers at an Internet cafe in central Tehran, Iran, Monday, Feb. 13, 2012. Many Iranian web users say their access to foreign email services such as Gmail, Yahoo mail and Hotmail appears to have been restored after a four day outage. (AP Photo/Vahid Salemi)Reuters - Talks between Yahoo Inc and China's Alibaba over the U.S. internet giant's Asian assets have hit an impasse, throwing their plans for a $17 billion tax-free asset swap into question, according to sources briefed on the situation.


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Fed could hike interest rates before late 2014: Reuters poll (Reuters) -- Tue, 14 Feb 2012 20:01:19 GMT
Reuters - There is a good chance the Federal Reserve will raise interest rates before the end of 2014, according to a Reuters poll which also showed a significant minority of economists still expect a further easing of monetary policy in coming months.
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Obama "hopeful" on payroll tax cut extension (Reuters) -- Tue, 14 Feb 2012 16:39:12 GMT
Reuters - President Barack Obama said on Tuesday he had seen "hopeful signs" that Congress would pass a payroll tax cut extension for the full year, as he kept pressure on lawmakers to take action he said was needed to keep the U.S. recovery on track.
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How to invest in the coming housing market rebound (AP) -- Mon, 13 Feb 2012 21:33:13 GMT
AP - The housing market recovery hasn't taken off yet, but a rally in its stocks sure has. The Standard & Poor's homebuilders index is up 60 percent since October.
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Instant view: Retail sales rise 0.4 percent in January (Reuters) -- Tue, 14 Feb 2012 13:47:11 GMT
Reuters - Retail sales rose less than expected in January as consumers cut back on car purchases and did less online shopping.
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Michael Kors' shares soar after strong 3Q results (AP) -- Tue, 14 Feb 2012 17:53:55 GMT
AP - Shares of Michael Kors Holdings Ltd. soared as much as 25 percent early Tuesday after the luxury company said its fiscal third-quarter earnings rose 40 percent and revenue rose 68 percent, results that beat Wall Street expectations.
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New setback for Greece bailout as meeting canceled (AP) -- Tue, 14 Feb 2012 20:30:11 GMT

A pensioner shouts slogans during a protest against the Greek government's planned pension cut, outside Labor Ministry in Athens, on Tuesday, Feb. 14, 2012. The struggling eurozone country has been shut out of long-term debt markets since 2010, and is surviving on rescue loans from European Union countries and the International Monetary Fund. But harsh austerity measures demanded in return for the emergency loans have hammered the economy. (AP Photo/Thanassis Stavrakis)AP - Two steps forward, one step back. So goes the frenzied effort across Europe to bail out Greece and save it from a potentially devastating default on its debts.


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Late payments on mortgages rise again in 4th qtr (AP) -- Tue, 14 Feb 2012 17:51:50 GMT
AP - Late payments on mortgages ticked up in the last three months of 2011, the second straight quarter-to-quarter increase after nearly two years of steady decline.
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Greek conservative leader yet to sign austerity pledge: source (Reuters) -- Tue, 14 Feb 2012 20:16:07 GMT
Reuters - Greek conservative party leader Antonis Samaras has not yet signed a written commitment to the country's international lenders on implementing an austerity package, a source close to negotiations on securing a new EU/IMF bailout said on Tuesday.
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U.S. gasoline price rises to $3.51/gallon: survey (Reuters) -- Sun, 12 Feb 2012 20:34:25 GMT

Palestinian boys hold candles during a protest in Gaza City against widespread blackouts February 14, 2012. The Gaza Strip's only power station, which supplies the Palestinian enclave with up to two-thirds of its energy needs, was shut down on Tuesday because of a shortage of fuel smuggled in from neighbouring Egypt. REUTERS/Ibraheem Abu Mustafa (GAZA - Tags: POLITICS ENERGY)Reuters - The average price for a gallon of gasoline in the United States rose nearly 12 cents in the past three weeks to about $3.51, due in part to higher prices for North Sea crude oil, according to the nationwide Lundberg Survey.


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W.Va. AG launches mortgage settlement project (AP) -- Tue, 14 Feb 2012 17:21:12 GMT
AP - West Virginia officials are launching a project to help homeowners get relief stemming from a nationwide mortgage settlement.
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Oil price little changed, near $101 per barrel (AP) -- Tue, 14 Feb 2012 20:21:31 GMT

A gas pump is shown Monday, Feb.13, 2012, in Portland, Ore.  U.S. retail gasoline prices were flat at $3.513 per gallon Tuesday, Feb. 14. (AP Photo/Rick Bowmer)AP - Oil prices didn't change much on Tuesday, as Greece and its creditors continued to work on plans to trim massive debts. Natural gas prices jumped as bargain hunters snapped up contracts that are still the cheapest in 10 years.


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GOP critics hit Obama's $3.8 trillion budget (AP) -- Tue, 14 Feb 2012 20:24:25 GMT

Treasury Secretary Timothy Geithner testifies on Capitol Hill in Washington, Tuesday, Feb. 14, 2012, before the Senate Finance Committee hearing on President Barack Obama's fiscal 2013 federal budget.   (AP Photo/J. Scott Applewhite)AP - Treasury Secretary Timothy Geithner told Congress Tuesday that the president's new $3.8 trillion spending plan would impose new taxes on only 2 percent of the nation's wealthiest families and the alternative would be to seek more painful cuts in other government programs such as defense, Social Security and Medicare.


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5 states may intervene in Honda hybrid settlement (AP) -- Tue, 14 Feb 2012 20:12:01 GMT
AP - A judge on Tuesday granted California and four other states more time to consider objecting to a class-action settlement between Honda Motor Co. and car owners over inflated fuel-efficiency claims about the automaker's hybrid vehicles.
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