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Wall Street little changed as Greece talks drags on

Reuters: Business News — Wed, 08 Feb 2012 19:40:50 +0000

NEW YORK (Reuters) – Stocks fluctuated around break-even on Wednesday as investors waited for Greece to accept tough reforms in exchange for a new bailout, but underlying confidence kept the Dow near its almost four-year high notched on Tuesday.

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Greek debt not sustainable with 70 pct haircut: S&P

Reuters: Business News — Wed, 08 Feb 2012 19:40:38 +0000

NEW YORK (Reuters) – Greece will likely fail to achieve sustainable debt levels if it only resorts to a 70 percent reduction in the value of bonds held by private creditors, Standard & Poor’s warned on Wednesday, putting pressure on the ECB to also take losses.

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Goldman looks on the bright side of Volcker rule

Reuters: Business News — Wed, 08 Feb 2012 19:40:24 +0000

(Reuters) – Wall Street has been lashing out against the Volcker rule since it was proposed, but a senior Goldman Sachs executive said on Wednesday the trading restriction might actually help the investment bank’s profitability.

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Facebook afterglow lights up IPO markets

Reuters: Business News — Wed, 08 Feb 2012 19:12:51 +0000

(Reuters) – The excitement generated by Facebook’s IPO filing rubbed off on companies listing on U.S. stock exchanges on Wednesday, with four of them seeing strong first-day gains.

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Wall Street lower as Greece talks drag on

Reuters: Business News — Wed, 08 Feb 2012 18:00:45 +0000

NEW YORK (Reuters) – Stocks gave up early gains on Wednesday as the Dow hovered at its highest level in nearly four years and investors waited for Greece to accept tough reforms in exchange for a new bailout.

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Greek debt not sustainable with 70 percent haircut: S&P

Reuters: Business News — Wed, 08 Feb 2012 18:00:32 +0000

NEW YORK (Reuters) – Greece will likely not achieve sustainable debt levels with a 70 percent reduction in the value of bonds held by its private creditors, Standard & Poor’s warned on Wednesday, putting pressure on the official sector also to take losses.

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ECB still split on joining Greece debt deal: sources

Reuters: Business News — Wed, 08 Feb 2012 18:00:18 +0000

FRANKFURT (Reuters) – European Central Bank policymakers are still divided on what contribution the ECB could make to a restructuring of Greece’s sovereign debt, two euro zone monetary policy sources said on Wednesday.

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Wall Street edges up on Greece, Disney earnings

Reuters: Business News — Wed, 08 Feb 2012 16:20:04 +0000

NEW YORK (Reuters) – Stocks edged higher on Wednesday as hopeful investors awaited the latest attempt by Greece to reach a deal on reforms in exchange for a new bailout.

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Time Warner quarterly profit beats forecasts

Reuters: Business News — Wed, 08 Feb 2012 14:40:27 +0000

(Reuters) – Time Warner Inc posted better-than-expected quarterly profit on Wednesday helped by its cable networks and the last installment of its Harry Potter movie franchise.

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Frustrations soar as Greeks seek elusive bailout deal

Reuters: Business News — Wed, 08 Feb 2012 14:40:13 +0000

ATHENS (Reuters) – Greek parties will try on Wednesday to agree to a reform deal in return for a new EU/IMF rescue to avoid a chaotic default, after repeated delays which have prompted warnings that the euro can live without Athens.

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