Monday, December 6, 2010

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Obama addresses possible deal on Bush tax cuts
USA Today
President Obama just announced a tentative deal with Republicans on extending the sweeping tax cuts signed by former President George W. Bush nearly a decade ago. "The differences betwen the parties are real, and they are profound," Obama said. ...
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USA Today
Global Commodity Stocks Get a Bernanke Bounce
Wall Street Journal
Federal Reserve Chairman Ben Bernanke's comment that a further expansion of the central bank's asset-purchase program was possible sent commodity-related stocks higher in Asia and in Europe. Oil and gas shares rose on hopes that additional stimulus ...
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Treasury Plans to Sell Remaining Citigroup Stake
Bloomberg
By Bradley Keoun and Rebecca Christie - Mon Dec 06 21:54:48 GMT 2010 The proposed offering would dispose of the remainder of the Treasury's common stock holdings in Citigroup. Photographer: Jin Lee/Bloomberg The US Treasury Department plans to sell the ...
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Eyes on markets as EU makes no new move on debt crisis
Reuters
A large euro sign installation is seen in front of the European Central bank in Frankfurt, November 4, 2010. By Jan Strupczewski BRUSSELS (Reuters) - European Union finance ministers meet on Tuesday to discuss the EU economy with markets expected to ...
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Reuters
US STOCKS-Wall St flat as debt woes remain; S&P 500 near high
Reuters
By Chuck Mikolajczak NEW YORK, Dec 6 (Reuters) - Worries about Europe's debt crisis frustrated investors looking for a reason to take shares to new highs for the year as major averages ended flat on Monday. Even with a slight decline in the S&P 500, ...
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Wal-Mart Gets Top US Court Review in Sex-Bias Case
Bloomberg
By Greg Stohr - Mon Dec 06 21:41:01 GMT 2010 Wal-Mart is accused in the nine-year-old suit of paying women less than men for the same jobs and giving female workers fewer promotions. Photographer: George Frey/Bloomberg Dec. ...
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Feds charge hundreds in fraudulent investment schemes
Washington Post
By Zachary A. Goldfarb In an effort to bring attention to the problem of investment fraud, federal authorities on Monday highlighted hundreds of cases where defendants accused of financial wrongdoing had been arrested, charged criminally or sentenced ...
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Madoff Trustee, Union Bancaire Settle Bankruptcy Claims for $500 Million
Bloomberg
By Bob Van Voris - Mon Dec 06 23:02:32 GMT 2010 Union Bancaire Privee, a private Swiss bank, agreed to pay as much as $500 million to settle claims it helped Bernard Madoff commit his fraud. Under the settlement, which must be approved by a bankruptcy ...
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Credence Down On The Corner, Out On The Street
Forbes
Verigy says Advantest is offering to the company for for $12.15 per share. Reaction is not good. Verigy announced on Monday that Advantest made an unsolicited offer to the company for for $12.15 per share. Verigy had already agreed to buy rival ...
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