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- U.S. Trade Gap Widens, But Exports To Europe Up
- The U.S. trade deficit widened to $48.8 billion in December after exports rose at half the pace of imports, and the 2011 deficit reached its highest level since 2008. Still, exports to Europe rose at a healthy clip despite its weakened economy.
- Halos Can Turn To Horns, Corporate Donors Find
- Corporations that have been big donors to Susan G. Komen are receiving lots of complaints from abortion-rights supporters. The flap demonstrates the dangers of associating your company with another organization you can't control.
- Obama To Release Fiscal 2013 Budget Next Week
- President Obama will unveil his budget for the next fiscal year on Monday. To find out more about the budget proposal, Steve Inskeep talks to David Wessel, economics editor at The Wall Street Journal.
- Kodak To Stop Making Digital Cameras
- The company will instead focus on home photo printers, high-speed commercial ink jet presses and software. Other companies may license the Kodak brand for cameras, and some disposables will still be out there.
- Advocates Not Impressed With Foreclosure Settlement
- President Obama is touting Thursday's mortgage foreclosure settlement with big banks. Nearly two million people could benefit from the landmark settlement between states and big mortgage companies. But many homeowners and former homeowners are not too excited about the deal.
- Bank Settlement Could Spur More Foreclosures
- The multi-billion dollar bank mortgage settlement could have some unanticipated consequences for borrowers in trouble. There will likely be an initial surge of foreclosures. Banks, freed from uncertainty over the investigation, will probably pick up the pace of home seizures. But the foreclosure rate will probably fall over the longer term as banks ease the burden on borrowers through principal reductions.
- Greece Waits For Bailout After Meeting EU Conditions
- Greek politicians on Thursday agreed on massive cuts to bring their budgets in line with what the European Union has demanded. It's the latest act in a months-long drama to bring down the Greek debt load.
- LinkedIn Profits Exceed Wall Streets Expectations
- LinkedIn reported its fourth quarter profits jumped to about $7 million Thursday. The young Internet company has positioned itself as a jobs and career networking site. It makes money not just from ads, but also companies and recruiters pay fees to access profiles on its site.
- How Two Bitter Adversaries Hatched A Plan To Change The Egg Business
- The president of the Humane Society of the United States and the president of the United Egg Producers are an unlikely duo to lobby Congress to approve new rules for egg farmers. But they agree on the need for a law that would allow farmers to keep their chickens in more spacious cages.
- A Comparison Of Candidates' Tax Plans
- From a flat tax to a "millionaires' tax," presidential candidates have put forth a variety of ideas for better steering the economy through changes to tax policies.
- Protesters At Apple Stores Demand 'Ethical' Products
- The protesters delivered a petition with 250,000 signatures at six stores worldwide.
- The Mortgage Deal: A Reality Check
- The $26 billion settlement reached by the federal government, most states and the nation's largest banks to compensate homeowners for abusive foreclosure practices is unlikely to end the housing crisis, analysts say. It could also lead to a new round of foreclosures, which would drive prices even lower.
- PepsiCo Says It Will Cut 8,700 Jobs Worldwide
- The announcement comes as the company announced a fourth-quarter income of $1.4 billion.
- Birthplace Of 'Robo-Signing' Eyes Deal Critically
- On Thursday, the federal government reached a $26 billion deal with the nation's largest banks to compensate homeowners. In Florida, where a lawyer uncovered and named the rushed mortgage-approval process, some lawyers and homeowners say technical issues and trust battles remain for courts and the banks.
- The GOP Elixir: Candidates Campaign On Tax Cuts
- All four of the remaining Republican presidential candidates have proposed cutting business and personal income taxes — the only difference is by how much.
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