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Economy

US stocks fall in uneven trading; Home Depot soars
U.S. stocks closed lower after uneven trading Tuesday as fears about the "fiscal cliff" and Greece tipped major indexes between gains and losses.
US government runs $120 billion October deficit
The federal government started the 2013 budget year with a $120 billion deficit in October, an indication that the nation is on a path to its fifth ...
Bears, budgets, farmers top Congress to-do list
Bears and budgets top the list as Congress returned Tuesday from a seven-week election break to a long list of unfinished business. Looming large in ...
EU talks on banking union to expose divisions
European finance ministers inched toward strengthening their banking sectors and the management of their economies at a meeting in Brussels on ...
German utility E.ON lowers 2013 outlook
German electricity and gas supplier E.ON AG on Tuesday lowered its earnings forecast for next year because of economic uncertainty and rapid changes ...
Stocks open lower as hope for a Greece deal fades
Stocks are opening lower on Wall Street as a deal to rescue the Greek economy now looks much less certain than it had just one day ago. The Dow Jones ...
German investor confidence drops unexpectedly
German investor confidence in Europe's largest economy slipped unexpectedly this month over worries that growth will cool over the next six months, ...
Oil down on lower demand forecast, Greece crisis
The price of oil slipped to near $85 a barrel Tuesday as the International Energy Agency lowered its forecast for oil demand and said global supplies ...
Late-payment rate on mortgages declined in 3Q
U.S. homeowners are doing a better job of keeping up with their mortgage payments, aided by an improving housing market and low interest rates that ...
Iran postpones second round of subsidy cuts
An Iranian lawmaker says the country's parliament has postponed the implementation of a second round of subsidy cuts until 2013 over fears of stoking ...
Cyprus Central Bank urges bailout deal by December
Cyprus' Central Bank chief says "it's very important" to sign a bailout agreement with potential creditors by next month in order to calm jittery ...
Greece raises over $5 billion ahead of repayment
Greece raised €4.06 billion ($5.15 billion) from the sale of short-term treasury bills Tuesday, money that will help it make a crucial debt repayment ...
Italian rates fall in sale of 12-month bonds
Italy has easily raised €6.5 billion ($8.2 billion) in the sale of 12-month bonds that saw its borrowing rates drop. The Italian Treasury on Tuesday ...
University fees push UK inflation higher
Inflation in Britain rose by more than anticipated in October, largely on the back of higher university fees. The Office for National Statistics also ...
Asia stocks down on Greek, India economic woes
Asian stock markets fell Tuesday, after Europe's finance ministers postponed approval of an urgently needed aid payment for debt-mired Greece.
US stocks nearly unchanged as fiscal threat looms
U.S. stocks closed nearly unchanged Monday, after a day of uneven trading plagued by investors' fears about the approaching "fiscal cliff." The Dow ...
Oil down on worry about looming fiscal threat
The price of oil fell slightly Monday as global economic news took a back seat to uncertainty about the looming "fiscal cliff" in the U.S.
Deficit talks will test the GOP focus on tax rates
Republican leaders say the government can raise tax "revenues" without raising tax "rates." But they have yet to detail how they would pursue it.
Congress faces agenda of unfinished business
Congress returns Tuesday to a crowded agenda of unfinished business overshadowed by the urgent need for President Barack Obama and lawmakers to avert ...
Stocks close little changed as fiscal cliff looms
Stocks are closing little changed on Wall Street as investors focus again on the looming "fiscal cliff" faced by the U.S. government. The Dow Jones ...
Egyptian groups reject $4.8 billion IMF loan
Seventeen Cairo-based groups sent a letter Monday to the head of the International Monetary Fund and Egypt's prime minister opposing a proposed $4.
Deficit cutters look to Pentagon budget
One war is done, another is winding down and the calls to cut the deficit are deafening. The military, a beneficiary of robust budgets for more than ...
Creditors propose giving Greece 2 more years
Greece's international creditors are proposing granting the country two more years to meet its debt reduction targets as the country enters its sixth ...