ECONOMY & MARKETS

retail sales

U.S. Retail Sales Rose 0.4% in Jan, Lower Than Expected

Sales at U.S. retailers climbed slightly in January as Americans took advantage of post-holiday promotions, and although Tuesday's data fell short of economists' median projection, it still provided yet another hopeful sign of a strengthening economy.

Yen Down against Dollar after Bank of Japan Easing

A picture illustration shows Japanese 10,000 yen notes featuring a portrait of Yukichi Fukuzawa, the founding father of modern Japan, taken in Tokyo
The yen fell on Tuesday as the Bank ofJapan eased monetary policy by expanding its asset-buying scheme, but the impact on the currency may prove short-lived while nagging worries over the euro zone crisis keep it supported as a safe haven.

Euro Rising on German Economic Data

The Euro sculpture in front of the ECB headquarters
The euro rose to a session high and shares reversed early losses after key German data bolstered hopes that Europe's largest economy was recovering and a strong Italian bond sale added to signs that financing pressures were being contained.
US Treasury Secretary Tim Geithner

Europe to America: Help!

A European finance minister, in Washington for a panel on global business and economics, sent up a flare to U.S. officials Monday afternoon, saying he hoped the U.S. would be more involved in playing a key role to solving the ongoing sovereign debt crisis in Europe.
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Nikkei Slips; Insurers Underperform

Japan's Nikkei share average slipped on Tuesday but still hovered near the 9,000 level, with non-life insurers underperforming after MS&AD Insurance Group Holdings (8725.T) cut guidance on heavy losses on the flooding in Thailand.
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Gas Prices Rising, So Cars' Fuel Economy Rising, Too: Study

The average fuel economy of 2012 model year vehicles is 14 percent higher than the same mark of just four years earlier, according to a University of Michigan study, confirming automakers' push to appeal to consumers' desires for more fuel efficient vehicles.
For Discussion: U.S. Stock Market

Stocks Rebound on Greek Austerity Vote: Daily Markets Wrap

U.S. stocks bounced back Monday from Friday's biggest loss of the year as Greece's parliament passed the deeply unpopular austerity bill to secure international rescue funds. The strict financial reform includes a 22 percent cut to minimum wage and 150,000 public-sector job cuts. Rioters protesting the measures set fire to buildings in downtown Athens.
Credit Cards

Credit Card Rewards Grow as Debit Rewards Dwindle

Nearly half of cash-back cards, or 48 percent, paid 1 percent cash back from the first dollar of spending, up 44 percent last year, according to a credit card study conducted by Bankrate.com. Fourteen percent of cash-back cards paid more than 1 percent.
No. 2 Empire State Building, New York City

Empire State Building Owner Files for IPO

The Malkin family, owner of the Empire State Building and other properties in New York and Connecticut, has filed for an initial public offering that will allow the public to own a piece of the storied Art Deco landmark.
State Bank of India

SBI Q3 Beats Forecast, but Bad Loans Rise

The State Bank of India (SBI), the country's biggest lender, reported an unexpected rise in bad loans for the third quarter, taking the shine off healthy growth in loan demand and interest income that helped it post a 15 percent rise in net profit.
Black Friday shoppers cross 34th Street outside Macy's in Herald Square in New York

Retail Sales Rose in January: U.S. Economy Preview

Sales at U.S. retailers probably climbed in January as Americans bought more new cars and shoppers took advantage of post-holiday promotions, a sign that the U.S. economy is recovering, economists said before a report this week.
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Japan Economy Shrank More Than Expected in Q4

Japan's economy shrank a bigger-than-expected 0.6 percent in October-December, hurt by slowing global growth, Thai floods and a strong yen, casting doubt about expectations that growth will resume this quarter as Europe's debt crisis clouds the outlook.
Sarah Hostetler looks out from her home in Buena Park, California

Mortgage Problems? Turn Your House into a Billboard

When they saw the house on El Dorado Drive in this Los Angeles suburb being painted a startling orange and green and giant billboards hung on the outside, Scott and Beth Hostetler's neighbors were initially angry and confused. Some even considered calling the police.
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U.S. Gasoline Price up to $3.51 Average

The average price for a gallon of gasoline in the United States rose nearly 12 cents in the past three weeks to about $3.51, due in part to higher prices for North Sea crude oil, according to the nationwide Lundberg Survey.
Two anti-austerity banners, placed by activists of the Greek Communist party, are displayed on a hill at the Acropolis in Athens February 11, 2012.

Greece Warns Bailout Rebels of 'an Unknown, Dangerous Path'

The Greek government told rebellious lawmakers on Saturday to back a deeply unpopular European Union/International Monetary Fund rescue package in parliament or send the nation down an unknown, dangerous path to default and international economic isolation.
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America Movil Plans Heavy Investments in 2012

America Movil SAB, the Mexican telecommunications firm, plans to make capital expenditures of $8.5 billion to $9 billion in 2012 as part of its investment plan in networks and focus strategy on subscriber growth.

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