News Tribune Financial

Understanding Greece's bond swap deal

Greece has struck a vital debt relief deal with representatives of private investors to avoid a disastrous default. Here are some questions and answers about the agreement.

Greece secures bailout to avoid debt default

Greece won a second massive financial bailout in the early hours of Tuesday morning when its partners in the 17-country eurozone finally stitched together a €130 billion ($170 billion) rescue, meant to avoid a potentially disastrous default and secure the euro currency.

Company suing Apple over iPad name open to talks

The lawyer for a Chinese company suing Apple Inc. in China over its use of the iPad trademark indicated Tuesday that his client would be willing to discuss a settlement.

Oil jumps to 9-month high after Iran cuts supply

Oil prices jumped to a nine-month high above $105 a barrel on Monday after Iran said it halted crude exports to Britain and France in an escalation of a dispute over the Middle Eastern country’s nuclear program.

Can the stock market pick the next president?

The number has been repeated so often by presidential prognosticators that it's an article of faith: No president has been re-elected since World War II with an unemployment rate higher than 7.2 percent. But the stock market turns out to be a pretty good predictor, too.

A look at how some IPO stocks have fared

Facebook has filed paperwork for an initial public offering of stock. Its public debut will be the most anticipated tech IPO since Google went public in August 2004.

Wynn Resorts buys out biggest stakeholder

Wynn Resorts Ltd. is looking to sever ties with its biggest stakeholder and one-time ally.

Nationwide gas prices are highest ever for this time of year

Gasoline prices have never been higher this time of the year.

Main lender of Hooters in Vegas to become owner

The main debt holder of Hooters hotel-casino in Las Vegas will become the resort’s new owner after a bankruptcy auction drew no outside bidders.

A big tax present for 160 million wage-earners

Americans are getting an election-year tax present. Congress voted with rare speed and cooperation Friday to extend a Social Security payroll tax cut for 160 million workers and to renew unemployment benefits for millions more who haven’t seen a paycheck in six months.

Campbell Soup 2Q net declines, but beats Street

Campbell Soup Co.’s second-quarter net income fell 14 percent as it spent more on marketing and a cutback in discounting hurt sales volume.

Demand Media stock soars as 4Q results renew hope

Demand Media Inc.’s stock soared by 31 percent Friday after the online content publisher’s fourth-quarter earnings and outlook for this year gave investors hope that it is starting to recover from diminished traffic that had stemmed from changes to Google’s Internet search formula.

Minority partner to pay $90 million over oil spill

A minority partner in BP’s blown-out well in the Gulf of Mexico agreed Friday to pay $90 million in a settlement with the federal government and Gulf states over the 2010 oil spill. It includes the largest civil penalty ever recovered under the federal Clean Water Act.

’Ominous tirades’ alleged in insider trader case

Federal prosecutors said Friday that they received a series of threating, bigoted and obscene voicemail messages from one of two suspects in an insider trading case, and he should be kept behind bars.

BofA CEO gets a pay cut

Bank of America’s chief executive is taking a pay cut.

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