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Yahoo News Archives - Page 850 of 899 -

Inflation China’s key long-term risk: central bank chief

November 17, 2012 |

China's Central Bank Governor Zhou answers a question in BeijingBEIJING (Reuters) – Inflation is the main long-term risk for China as the economy makes a transition from a planned economy to a market-based one and deeper financial reforms are needed to complete the move, central bank governor Zhou Xiaochuan said on Saturday. "There is a general tendency for overheating impulses during China's economic transition process and we should always stress the need to control inflation," Zhou told a financial forum. …



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As eurozone economy shrinks, gov’t debt loads grow

November 17, 2012 |

Europe’s government-debt crisis is no longer panicking financial markets. But it won’t end until the region’s economy starts growing strongly again.
Economy News Headlines – Yahoo! News

Twinkies maker Hostess plans to go out of business

November 17, 2012 |

People buy remaining stock at a Wonder Bread Hostess Bakery Outlet in Glendale(Reuters) – Hostess Brands Inc, the bankrupt maker of Twinkies snack cakes and Wonder Bread, is seeking a U.S. court's permission to go out of business after failing to get wage and benefit cuts from thousands of its striking bakery workers. The 82-year-old Hostess, which has about $ 2.5 billion in sales and is one of the largest wholesale bakers and distributors of breads and snack cakes in the United States, filed the request with the U.S. Bankruptcy Court in New York early Friday morning. A hearing on the matter is set for Monday. …



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Wall Street Week Ahead: Going off “cliff” with a bungee cord

November 17, 2012 |

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – The 1987 crash. The Y2K bug. The debt ceiling debacle of 2011. All these events, in the end, turned out to be buying opportunities for stocks. So will the "fiscal cliff," some investors say as they watch favorite stocks tumble during the political give-and-take happening in Washington. The first round of talks aimed at avoiding the "fiscal cliff" caused a temporary rise in equities on Friday, signaling Wall Street's recent declines could be a buying opportunity. The gains were small and sentiment remains weak, but it suggests hope for market bulls. …



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Storm Sandy knocks industrial output in October

November 16, 2012 |

To match Analysis USA-AUTOS/ECONOMYWASHINGTON (Reuters) – Industrial output unexpectedly fell in October as superstorm Sandy disrupted production, but the underlying tone remained consistent with slowing manufacturing activity. Industrial production contracted 0.4 percent last month after a 0.2 percent increase in September, the Federal Reserve said on Friday. The Fed said the storm, which tore through the East Coast at the end of October, is estimated to have reduced the rate of change in output by nearly 1 percentage point. …



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Market slips ahead of “fiscal cliff” bargaining

November 16, 2012 |

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – Stocks were lower on Friday as investors remained skeptical that a meeting between President Barack Obama and congressional leaders would make progress on dealing with the "fiscal cliff." Futures had indicated a higher open after the Wall Street Journal reported White House officials were in discussions that could indicate increased flexibility in negotiations with Republicans. Still, caution remains and the S&P 500 is on track for its second straight weekly decline of more than 1 percent. …



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Nigeria army says kills top Islamist commander

November 16, 2012 |

MAIDUGURI, Nigeria (Reuters) – Nigerian security forces said on Friday they had killed a top commander of Islamist sect Boko Haram in its northeastern stronghold during an offensive that also saw several other militants slain. Boko Haram’s insurgency, aimed at carving out an Islamic state in northern Nigeria, has killed an estimated 2,800 people since an uprising in 2009. A recent military offensive has reduced the kind of lethal, high profile attacks they were carrying out a year ago, but there are still near daily assaults on civilians and security forces in the northeast. …
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Wall Street ends flat as wary investors stay defensive

November 16, 2012 |

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) – Stocks were little changed on Thursday as the prospect of a drawn-out battle over impending tax and spending changes made investors wary of getting into the water, while retailer Wal-Mart tumbled after disappointing sales. The S&P 500 is down nearly 2 percent for the week, adding to last week's selloff and eroding more of the market's gains for the year. What had looked like a stellar 2012 for stocks has turned into merely an average year, and as 2012 draws to a close, investors are becoming more inclined to protect the gains they have. …



Business News Headlines – Yahoo! News

Renner leads Tar Heels past Virginia, 37-13

November 16, 2012 |

Virginia quarterback Michael Rocco (16) hurdles North Carolina cornerback Terry Shankle (24) during the first half of an NCAA college football game at Scott stadium Thursday, Nov. 15, 2012 in Charlottesville, VA (AP Photo/Steve Helber)Bryn Renner threw two touchdown passes in the fourth quarter after a goal-line stand preserved North Carolina's lead and the Tar Heels ended Virginia's postseason hopes with a 37-13 victory Thursday night.



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Fibbers vie for World’s Biggest Liar crown

November 16, 2012 |

Fantastic fibbers vied at a remote pub in northwestern England on Thursday for the title of world’s biggest liar.
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