Latest News
| H&M profits down on discounting, higher costs
(AP)
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| AP - Swedish fashion retailer Hennes & Mauritz AB on Thursday posted a 2.4 percent drop in fourth-quarter net profits, slightly weaker than market expectations, due to higher materials costs and heavy discounting to attract customers during an economic downturn. |
| Illinois attorney general sues Standard & Poor's
(AP)
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| AP - The Illinois attorney general filed a lawsuit Wednesday accusing Standard & Poor's of misleading investors by assigning its highest ratings to risky mortgage-backed investments during the years leading up to the crash of the housing market. |
| Greece tries to revive debt relief deal
(AP)
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| AP - Greece will try to revive a debt relief deal needed to avoid a potentially disastrous default when it resumes talks on Thursday with its private creditors in Athens. |
| United Continental posts $138M 4Q loss
(AP)
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| AP - The parent company of United and Continental airlines says it lost $138 million in the fourth quarter because of the costs of integrating the two airlines. |
| Italy sells top amount at bond sale, yields fall
(Reuters)
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| Reuters - Italy's borrowing costs dropped sharply as it sold the maximum amount of 5 billion euros at an auction of short-term debt on Thursday, helping drive down yields on its longer-dated bonds ahead of a crucial sale of five- and 10-year paper on Monday. |
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