Dow near postcrisis peak as markets waver on data
The Dow rose briefly to near its pre crisis high before closing down 0.2 percent at 12734.63. The S&P 500 fell 0.6 percent to 1318.43 and the Nasdaq slipped 0.5 percent to 2805.28. Caterpillar posted a 60 percent Q4 profit gain on stronger demand for new equipment and optimistic global growth guidance from Peoria, Illinois.
MENTIONED IN THIS ARTICLE
New York
Standard & Poor
Caterpillar Inc
Caterpillar
Peoria
Ill
Jonson-led Penney shares rise on upbeat 2012 outlook
New York J C Penney Co shares jumped 15 percent after the retailer projected a strong 2012 profit. CEO Ron Johnson, architect of Apple stores, unveiled a plan to reinvent Penney with simplified pricing and 100 mini shops, while COO Mike Kramer said the company will spend 800 million dollars this year to implement the changes and upgrade technology.
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New York
J.C. Penney Co
Penney
Ron Johnson
Apple Inc
Mike Kramer
PepsiCo Reaches Twenty Two Billion Dollar Brands Milestone
PepsiCo announces three more brands surpassing 1 billion in annual revenue Diet Mountain Dew Brisk and Starbucks ready to drink beverages join the list. The firm now has 22 billion dollar brands double its count from 2000. Results for Q4 and full year due in two weeks.
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Purchase
N.Y
PepsiCo Inc
Brisk
Starbucks
PepsiCo
Unilever
Starbucks Corp
European leaders push austerity to save Europe at Davos
At the World Economic Forum in Davos European leaders urged citizens to accept deep spending cuts to revive economies as China and others rise. Ireland praised as a star performer by Finland's prime minister while cautions about debt and living standards persist across bailed out nations.
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Davos
Switzerland
Europe
World Economic Forum
China
Brazil
Enda Kenny
Ireland
Kenny
The Shard rises as London looks to a future skyline
The Shard, 1016 feet tall with 72 floors in London Bridge, is nearing completion amid recession fears. Renzo Piano designed the glass tower financed partly by the Qatar government with Shangri-La as the first tenant. Critics include Prince Charles and UNESCO weighing Tower of London status as the city braces for tighter costs.
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ONDON
London Bridge
European Union
Financial District
North Downs
Renzo Piano
Tower Bridge
St. Paul’s Cathedral
Thames
Britain
Europe
London
Irvine Sellar
Qatar
Shangri-La
Sellar
Prince Charles
Norman Foster
Gherkin
Jonathan Glancey
Guardian
Unesco
Tower of London
Bailout Still Leaves $133 Billion Owed to U.S. Taxpayers
The acting inspector general reports nearly $133 billion remains unpaid from the 2008 TARP rescue. Recovery progress slowed by volatile markets and weak small banks. some funds may never be recovered. Major debtors include AIG about $50B GM $25B and Ally $12B.
MENTIONED IN THIS ARTICLE
Washington
U.S
Treasury
Inspector General
American International Group Inc
General Motors Co
Ally Financial Inc
Regions Financial Corp
Zions Bancorporation
Synovus Financial Corp
Popular
Matt Anderson
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Dow
Soar
Associated Press
Finland
Jyrki Tapani Katainen
AIG
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