MARKETS / FINANCE

2012 Election

5 Reasons Why Obama Could Lose the 2012 Election

With his approval rating at a term-low 40 percent, President Barack Obama needs several factors to break his way to improve his chance for re-election in 2012 -- the most important of which is job growth.

GE to buy back Buffett's financial crisis stake

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General Electric Co said on Tuesday it would buy back Berkshire Hathaway Inc's preferred stake in the largest U.S. conglomerate, handing back a lifeline it grabbed during the 2008 financial crisis.

Would Texas Go to the ACC?

Texas Longhorns
As it becomes more and more likely that Oklahoma, Oklahoma State, and Texas A&M will leave the Big 12, attention turns to figuring out what Texas will do.
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Intel, Google unveil Android mobile partnership

Intel Corp and Google Inc launched a development partnership on Tuesday, the latest effort by the world's dominant maker of PC microprocessors to break into the booming smartphone market.
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Nasdaq OMX eyes more share buybacks: CEO

Nasdaq OMX Group Inc will reach a targeted 2.5-times leverage ratio earlier than expected and at the end of the third quarter will set a capital plan likely to include share buybacks, its chief executive said.
2012 Election

Perry - is He Playing to His Base with ‘Ponzi’ Talk?

Rick Perry has been called “extreme” for his characterization of Social Security as a “Ponzi scheme.” However, he may end up being “extremely correct,” politically, if his creative description energizes his conservative base even more.
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CVC and Sawiris eye Orange Switzerland bids: sources

Private equity group CVC is considering a bid for Orange Switzerland despite resistance from seller France Telecom to let it into the auction for Switzerland's third largest mobile phone company, four people familiar with the situation said.
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Exclusive: CVC eyes Orange Switzerland bid

Private equity group CVC is considering a bid for Orange Switzerland despite resistance from seller France Telecom to let it into the auction for Switzerland's third-largest mobile phone company, four people familiar with the situation said.
Groupon

Groupon IPO on Hold: A Daily Deal Too Good to Be True?

Faster growth is predicted in the next several years for Groupon and other daily deal companies, but the hot Internet space that taps into consumer appetite for cheap food and drink, spa services, yoga lessons, sports tickets and other offerings has its limits, according to new research.
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Carmakers flaunt luxury in era of austerity

Crisis? What crisis?There may be turbulence in the euro zone, a downgrade in the U.S. credit rating, tumbling stock prices and fears about climate change making consumers clamor for low emission vehicles, but at the Frankfurt car show it's the high priced, high-powered, high emission vehicles that are drawing the crowds.
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Car industry urges bold action over euro debt

Car industry executives from around the globe urged Europe's politicians to take bolder steps to solve the bloc's two-year-old debt crisis, warning its single currency could be derailed without more decisive action.
Romney and Perry are shown before the Reagan Centennial GOP presidential primary debate in Simi Valley

Republican Debate: Romney Wins with Churchill Bust

You know what you do when you're in a race? Go for the top dog. Republican presidential candidates did exactly that in Monday night's CNN/Tea Party debate in Florida. En masse, they gunned for front-runner Texas Gov. Rick Perry.
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Wall St seeks direction, industrials higher

Stocks were little changed in a volatile session on Tuesday as investors struggled to determine whether equities were fairly priced, given persisting uncertainties in Europe.
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Wall St seeks direction; industrials higher

Stocks were little changed in a volatile session on Tuesday as investors struggled to determine whether equities were fairly priced, given persisting uncertainties in Europe.
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Geithner to urge bigger EFSF, rapid action: source

Treasury Secretary Timothy Geithner is likely to urge euro zone finance ministers on Friday to speed up ratification of changes to their bailout fund and consider boosting its size, an EU source said on Tuesday.
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Guinea Launches Review of Mining Contracts

Guinea is launching a comprehensive review of mining contracts to root out 'unconscionable provisions' granted by previous administrations in the West African state, Mines Minister Mohamed Lamine Fofana told Reuters.
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Euro Zone Central Banks Boost Gold Holdings

Gold and gold receivables held by euro zone central banks rose by 1 million euros to 363.249 billion euros in the week ending Sept. 9, the European Central Bank said on Tuesday.
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Wall Street higher on big-cap techs

Stocks rose on Tuesday led by big-cap technology shares, but continued uncertainty over how European leaders would alleviate Greece's simmering debt crisis capped gains.
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Italy under pressure as debt worries grow

Italy had to pay record interest to sell its bonds on Tuesday as it raced to calm market fears that it was losing control of a huge public debt and could trigger a crisis that threatened the euro zone.
Europe Debt Crisis

U.S. Investors Concerned Europe Debt Crisis Will Worsen

U.S. investors remained concerned that Europe's leaders are not getting ahead of the Greek crisis, which could result in a full-fledged Europe bank crisis, even as German Chancellor Angela Merkel, while not committing more German funds to possible intervention, again dismissed talk of a Greek default.
Apple iPad 2

Top 5 ‘Exotic’ Rumors of iPad 3 That You Must Know

Apple’s iPad 3 has been tagged as one of the anticipated devices from the company this year. As expected, the device is making rounds with rumors in all shapes and sizes Here are the top 5 you should really take a look at.

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