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FRESH NEWS FROM THE MARKET




Obama administration bolsters homeowner lifeline (Reuters)

A new home development is shown in Miami in this January 26, 2010 file photo. Housing-related stocks declined after data showed sales of new single-family homes fell for the first time in four months in December of 2011 and were shy of Wall Street expectations. The data followed the soft pending home sales report on January 25, 2012 and dented optimism that the housing market may have reached a bottom.  REUTERS/Joe Skipper/Files   (UNITED STATES - Tags: BUSINESS REAL ESTATE)Reuters - The Obama administration, in an election-year bid to help distressed homeowners, on Friday expanded its main foreclosure prevention program, and pushed for Fannie Mae and Freddie Mac to forgive mortgage debt.



Publ.Date : Sat, 28 Jan 2012 03:31:38 GMT

IMF chief: Some euro countries can boost growth (AP)

International Monetary Fund, IMF, chief Christine Lagarde speaks during her visit to the social media corner at the 42nd annual meeting of the World Economic Forum, WEF, in Davos, Switzerland, Friday, Jan. 27, 2012. The meeting lasts until Jan. 29. (AP Photo/Keystone, Laurent Gillieron)AP - The head of the International Monetary Fund said Saturday that some countries that use the euro have the flexibility to boost growth to help shore up the ailing eurozone economy, which is widely-expected to sink back into recession.



Publ.Date : Sat, 28 Jan 2012 11:21:27 GMT

Deficit focus questioned as answer to euro crisis (AP)

An illustration of a euro coin is displayed on a bank's advertising billboard as a  man stands outside the branch in Athens, on Thursday, Jan. 26, 2012. Europe is getting tough on government debt. After more than two years struggling to rescue financially shaky governments, leaders of the 17 countries that use the euro are putting the finishing touches on a treaty that will force member countries to put tough deficit restrictions into their national laws. (AP Photo/Thanassis Stavrakis)AP - Europe is getting tougher on government debt. After more than two years struggling to rescue financially shaky governments, leaders of the 17 countries that use the euro are ready to agree on a treaty that will force member countries to put deficit limits into their national laws.



Publ.Date : Sat, 28 Jan 2012 11:33:54 GMT

Exiting watchdog sees flaws in SEC's rulewriting (Reuters)
Reuters - In his final act before departing the Securities and Exchange Commission on Friday, the agency's inspector general, David Kotz, criticized how the agency analyzes the economic impact of some of its Dodd-Frank rules.
Publ.Date : Sat, 28 Jan 2012 03:30:33 GMT

Tired and trailing, Santorum goes home to do taxes (AP)

Republican presidential candidate, former Pennsylvania Sen. Rick Santorum exits the airport, Friday, Jan. 27, 2012, after speaking with members of the news media upon arriving at the Chester County Airport in Downingtown, Pa. (AP Photo/ Joseph Kaczmarek)AP - Rick Santorum is tired, trailing — and going home.



Publ.Date : Sat, 28 Jan 2012 01:09:47 GMT

Exxon to sell part of Tonen stake for about $3.9 bln: sources (Reuters)
Reuters - Exxon Mobil plans to sell a large part of its 50 percent stake in TonenGeneral Sekiyu KK (5012.T) back to its Japanese refining partner in a deal that could be worth about 300 billion yen ($3.9 billion), and will make an announcement as early as Monday, four sources with direct knowledge of the matter said.
Publ.Date : Sat, 28 Jan 2012 11:21:38 GMT

Growth quickens, but speed bumps ahead (Reuters)

A worker walks through the Reuters - The economy grew at its fastest pace in 1-1/2 years in the fourth quarter, but a rebuilding of stocks by businesses and slower business spending warned of weaker growth in early 2012.



Publ.Date : Fri, 27 Jan 2012 21:48:06 GMT

Wall Street Week Ahead: Quest for the golden cross (Reuters)
Reuters - January has turned out strong for equities with just two trading days to go. If you're afraid to miss the ride, there's still time to jump in. You just might want to wear a neck brace.
Publ.Date : Sat, 28 Jan 2012 00:59:18 GMT

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