Greece

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Charles Brown
22 Feb, 2012 | 11:14 AM
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Breakfast Bites:  Equities are mixed this morning, currently trading between negative and positive territory on continued concerns over a recession in Europe after some weak economic reports  The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 4.5% in the week ended Feb 17. Sales of previously owned U.S. homes rose in January by 4.3%, the highest level since May 2010 ...
Courtney Raio
21 Feb, 2012 | 06:15 PM
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The Dow and S&P closed higher encouraged by the resolution of the Greek debt deal that was reached over the weekend which lead to the Dow briefly touching 13,000.  The exuberance was offset by the continued rise in the
Charles Brown
21 Feb, 2012 | 11:08 AM
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Breakfast Bites: Equities are trading mixed this morning with the S&P 500, at one point, reaching levels above its highest close since 2008 as Greece won a second bailout……….finally. Of course as soon as the deal was agreed to, investors expressed caution over whether the bailout deal has actually solved Greece's debt problems. Euro zone finance ministers sealed a 130-billion-euro bailout for Greece to avert a chaotic default next month after forcing Athens to commit to unpopular cuts and private bondholders to accept deeper losses. ...
Parasnand Madho
21 Feb, 2012 | 08:54 AM
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Ahead of the Bell: Dow futures are trading up 41 points and S&P futures are trading up 3 pointsafter European leaders agreed to provide Greece with an additional 130 billion euros to avoid a chaotic default, and better than expected earnings from Walmart and Home Depot.  The agreement is a step in the right direction, but it only takes the country's debt level back down to when the crisis first started.  The agreement reduces Greek debt from 160% of GDP to 120% of GDP by 2020, which will drive the debt laden nation dee ...
Courtney Raio
17 Feb, 2012 | 06:08 PM
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The Dow and S&P continued their upward trend on hopes that the Greek bailout will be endorsed over the weekend and U.S. economic news that was in line and considered positive. Nasdaq ended up in negative territory after being the week’s best performing index. ...
Charles Brown
17 Feb, 2012 | 11:18 AM
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Breakfast Bites: Stocks opened in positive territory after Italy, Germany and Greece’s leaders expressed optimism they will agree on a Greek bailout next week. The Dow is now less than 100 points away from hitting the psychologically important 13,000 level. The last time the Dow crossed above the 13,000 mark on an intraday basis was on May 20, 2008. News coming out of Europe suggests that  Eurozone Finance Ministers are on track to approve the next bailout package on Monday, while the debt swap deal will apparently be completed over the weekend. ...