Archive for December, 2012

GLOBAL MARKETS-Shares up on hopes US to avoid 'fiscal cliff'

December 31st, 2012

GLOBAL MARKETS-Shares up on hopes US to avoid 'fiscal cliff'
NEW YORK, Dec 31 (Reuters) – Wall Street rallied on Monday
and global equities headed for their best year in the last three
as U.S. lawmakers closed in on a deal to avoid a budget crisis
that many…


Source
Reuters: US Dollar Report

Zynga carries out planned games shutdown, including "Petville"

December 31st, 2012

Zynga carries out planned games shutdown, including "Petville"
SAN FRANCISCO (Reuters) – Social games publisher Zynga Inc confirmed on Monday that it has carried out 11 of the planned shutdowns of 13 game titles, with “Petville” being the latest game on which it pulled the plug.
Source
Reuters: Media

Wall Street rallies in choppy day after Obama's "cliff" talk

December 31st, 2012

Wall Street rallies in choppy day after Obama's "cliff" talk

Traders work the floor at New York Stock Exchange in New YorkNEW YORK (Reuters) – U.S. stocks advanced on Monday in a choppy session after comments from President Barack Obama suggesting a deal on the "fiscal cliff" was drawing closer. The S&P 500 jumped above 1 percent after Obama said it appeared a deal was within sight, but quickly cut some gains when the president noted an agreement was not complete yet. With just an hour left in the final session of 2012, though, the S&P 500 resumed its climb and shot above 1 percent. …

Source
Stock Markets News Headlines – Yahoo! News

Global shares up on hopes U.S. to avoid 'fiscal cliff'

December 31st, 2012

Global shares up on hopes U.S. to avoid 'fiscal cliff'

Traders work on the floor of the New York Stock Exchange in New YorkNEW YORK (Reuters) – Wall Street rallied on Monday and global equities headed for their best year in the last three as U.S. lawmakers closed in on a deal to avoid a budget crisis that many fear could cripple the world economy in 2013. U.S. President Barack Obama said Congress was close to an agreement that would start chipping away at the deficit without raising middle class taxes. Senate Republican leader Mitch McConnell also said agreement was "very, very close." U.S. …

Source
Stock Markets News Headlines – Yahoo! News

Shares up on hopes U.S. to avoid 'fiscal cliff'

December 31st, 2012

Shares up on hopes U.S. to avoid 'fiscal cliff'

The London Stock Exchange building is seen in central LondonNEW YORK (Reuters) – Wall Street rallied on Monday and global equities headed for their best year in the last three as U.S. lawmakers closed in on a deal to avoid a budget crisis that many fear could cripple the world economy in 2013. U.S. President Barack Obama said Congress was close to an agreement that would start chipping away at the deficit without raising middle class taxes. Senate Republican leader Mitch McConnell also said agreement was "very, very close." U.S. …

Source
Stock Markets News Headlines – Yahoo! News

FOREX-Dollar rises in thin trade; Obama spurs some FX risk-taking

December 31st, 2012

FOREX-Dollar rises in thin trade; Obama spurs some FX risk-taking
NEW YORK, Dec 31 (Reuters) – The dollar rose against most
currencies on Monday in thin trading, and held its gains even
after President Barack Obama said a deal was in sight to avert a
fiscal…


Source
Reuters: US Dollar Report

Zynga carries out planned games shutdown, including 'Petville'

December 31st, 2012

Zynga carries out planned games shutdown, including 'Petville'
SAN FRANCISCO, Dec 31 (Reuters) – Social games publisher
Zynga Inc confirmed on Monday that it has carried out
11 of the planned shutdowns of 13 game titles, with “Petville”
being the latest game on which it pulled the plug.
Source
Reuters: Media

Tribune, out of Chapter 11, set to begin makeover as TV company

December 31st, 2012

Tribune, out of Chapter 11, set to begin makeover as TV company
Dec 31 (Reuters) – Tribune Co, which started by publishing
the Chicago Tribune on a hand press in 1847, sees a future in
broadcasting, one not likely to include the major newspapers
that made it a force in the news business.
Source
Reuters: Media

Stocks turn up on hints of 'fiscal cliff' deal

December 31st, 2012

Stocks turn up on hints of 'fiscal cliff' deal

A trader wearing "2013" glasses works on the floor at the New York Stock Exchange in New York, Monday, Dec. 31, 2012. The stock market struggled for direction Monday morning after five days of losses, with the "fiscal cliff" just hours away and lawmakers yet to reach a solution. (AP Photo/Seth Wenig)NEW YORK (AP) — On Monday, the stock market was as choppy as the "fiscal cliff" deal-making that has been yanking it around.

Source
Stock Markets News Headlines – Yahoo! News

CIBC to pay $149.5 million to Lehman, ending dispute

December 31st, 2012

CIBC to pay $149.5 million to Lehman, ending dispute

A pedestrian walks past a CIBC branch in Montreal(Reuters) – Canadian Imperial Bank of Commerce has agreed to pay $149.5 million to the estate of Lehman Brothers Holdings Inc to resolve litigation over a collateralized debt obligation tied to the bankruptcy of the former Wall Street bank. The settlement announced Monday resolves litigation that began on September 14, 2010, when Lehman sued CIBC and dozens of others to recover more than $3 billion it said it had been deprived of due to its Chapter 11 filing two years earlier. Lehman sought to hold CIBC responsible for much of the more than $1. …

Source
Stock Markets News Headlines – Yahoo! News