Greece seeks extra 20 billion to cut debt load
Greece needs about 20 billion more to reach a sustainable debt level, with eurozone governments and the IMF weighing a larger bailout. A proposal to reduce debt by 131 billion with private investors and deep spending cuts could lead to a 170 billion rescue, but EU officials say more is required. The extra funds might come from other euro nations or ECB and banks taking losses on Greek bonds, though EU treaty limits complicate such write downs.
MENTIONED IN THIS ARTICLE
Brussels
Greece
Eurozone
International Monetary Fund
European Central Bank
France
Caisse de Depots
Bernanke defends Fed policy at contentious hearing
Federal Reserve Chairman Ben Bernanke defended keeping rates at record lows for at least three more years before the House Budget Committee. He argued the plan fights unemployment while inflation stays tame though critics warned of asset bubbles, dollar erosion, and slower growth.
MENTIONED IN THIS ARTICLE
Washington
Ben Bernanke
Federal Reserve
Fed
House Budget Committee
Central Bank
Bernanke
Paul Ryan
Wisconsin
Ryan
Europe
Mixed January retail results mask uneven consumer demand
U S retailers reported a mixed January with a 4.8 percent gain from 20 ICSC retailers, led by Target and Saks while Macy’s and mid price clothing chains lagged. Industry watchers say underlying demand remains but spending is uneven amid a cautious economy. Costco and discounters showed strength with gains above analyst forecasts. Target also surpassed expectations with a 4.3 percent rise in same store sales.
MENTIONED IN THIS ARTICLE
New York
U.S
International Council of Shopping Center
ICSC
Target
Saks
Macy’s
Michael P. Niemira
Home Depot
Best Buy
Wal- Mart
Costco
Thomson Reuters
Target Corp
Wall Street
Former MF Global official warned CEO of collapse
A former MF Global chief risk officer testified that he warned then CEO Jon Corzine in October 2010 about the dangers of large bets on European government debt as the position neared four billion dollars. He said Corzine allowed risk discussions but was replaced in January 2011 amid concerns. MF Global collapsed in October 2011 with about 1.2 billion missing from customer accounts.
MENTIONED IN THIS ARTICLE
Washington
MF Global
Jon Corzine
Michael Roseman
House
Roseman
Corzine
New Jersey
Ing
Stephen Fincher
Michael Stockman
Italy
Spain
Also Mentioned on This Page
Gabriele Steinhauser
The
Associated Press
European Union
Scott Garrett
R-N.j
Congress
Garrett
Yuri Godin
Charlotte, N.C
Matthews, N.C
Anne D’innocenzio
the Market IN Review
Dow Jones
Dow Industrials
Dow Transportation
Dow Utilities
NYSE
S&p
Wilshire
Russell
A Stock Exchange
GMX Rs Pfb
KeeganRg
MagyarBc
MediciNova
Fullhser
Dynasil
PatriotCoal
Argan
Mattson
Gap
ChaseCorp
Tekmirag
Cemex
Questrm G
CentEuro
Shiloh
AvainRare
Brinks
OrionEngy
MeruNetv
DiceHldg
NovaGldg
ShoreTel
AberFite
Breezee
Kellysa
Proushtng
Unifi
Aerosonic
PacBkrMg
NewMarket
YM Biog
Brightpnt
AdvSemi
GoldBiog
RofinSinar
SandRdge
Pacge Pfh
SterlCons
Ameriprise
Friedmind
EuroTwirs
IntShip
HMG
Cohn
NovaGld G
Zyngan S
Cisco
Vringo
NwGold G
Qualcom
SPDR
Microsoft Nash
At&t Inc NY
Alcoa NY
MorgStan NY
Agreet NY
NiSource NY
BkofAm NY
NokiaCp NY
Bob Evans
Cedarf NY
Oracle Nasd
PNG NY
CntryLink NY
ParkerHan NY
ChesEng
Patriot Coal NY
Cisco Nasd
Penney NY
Citigross NY
Pfizer NY
Darden NY
PolyOne NY
Dell Inc
Diebold NY
PwShs
CineEquity
ProdGam NY
ElectArts Nasd
Qualcom Nasd
EmersonEl NY
RPM NY
FifthThird Nasd
Renrenn NY
AschMonn Nasd
FirstEngyestMerit Nasd
RiteAid NY
Fordm NY
Greenmic
Seagatet
HomeDp
Honwilind NY
SearsHidgs iShSilver NY
Sherwin NY
Ishemkts NY
Siriusxm
US Ngsts NY
Keycorp NY
US Steel NY
LNB Bnep Nasd
VangEmg NY
Limited NY
WalMart NY
Lowes NY
Wells Fargo NY
McDnids
Merck NY
Wendys Co
Lt Sweet Crude
NYMX
New York Mercantile Exchange
Chicago Board of Trade
CME
Chicago Mercantile Orange
NYBT
New York Board of Trade
Mutua Funds
Init
American
BalAm MA
Cpwidgrlamws
Eurpacgra Mfb
Fninva m LB
Grthama m LG
IncAmerAm MA
Invccoama m LB
Newperspa m
Wamutinva m
Dodge & Cox IntlStk
Dodge & Cox Stock
Fidelity Contra
Frank Temp-Franklin Income Am CA
Vanguard
Vanguard InstPlus
Vanguard Mulntadmmi
Vanguard TotEdAdmi Cl
Morningstar
Doe
SEC