BUSINESS

Wall Street up on Greek deal, Dow hits 13,000

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Stocks rose on Tuesday, with the Dow briefly topping 13,000 for the first time since May 2008, after Greece secured a bailout to avoid default, but gains were limited as investors had priced in expectations of a deal.

Highlights: Greek finance minister on EU/IMF bailout

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Here are highlights of Greek Finance Minister Evangelos Venizelos's news conference in Athens on Tuesday after returning from Brussels talks where euro zone finance ministers clinched a 130-billion-euro bailout package.
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Stocks gain on Greece, Dow briefly hits 13,000

Stocks rose on Tuesday, with the Dow briefly topping 13,000 for the first time since May 2008 after Greece secured a bailout to avoid a March default, but gains were limited as investors had priced in expectations of a deal.
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Supreme Court won't hear Hynix appeal on Rambus

The Supreme Court rejected on Tuesday an appeal by South Korea's Hynix Semiconductor Inc to take up the question of whether chip designer Rambus Inc illegally sued for patent infringement.
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Home Depot shines as warm winter helps sales

Strong demand for everything from paint to concrete helped Home Depot Inc report better-than-expected quarterly sales and profit as one of the warmest U.S. winters on record encouraged homeowners to take up home projects earlier than usual.
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Google gets real-time data from LSE

The London Stock Exchange Group is to provide real-time market data to Google, bolstering the search-engine's Google Finance offering with free access to London share prices previously only available with a 15 minute delay.
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Silicon Valley: The rise of the adolescent CEOs

Josh Buckley, chief executive of an online gaming start-up, is looking forward to next month's Game Developers Conference in San Francisco, particularly for the parties and the accompanying schmoozing with industry A-listers.
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Customer satisfaction sags at online brokers: study

Satisfaction with U.S. online brokerages declined in 2011 amid volatile markets, while customers saw little to differentiate the four top players in the industry, according to an annual study released on Tuesday.
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Fed's housing blueprint is lost in din of politics

In mid-2011, with the U.S. economy at risk of a new recession, top Federal Reserve officials began to explore a different way to shore up the recovery: looking for fixes for the battered housing market.
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Kraft sees charges from break-up

Kraft Foods Inc expects earnings to rise at least 9 percent this year even as it prunes its portfolio of North American brands.
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LSE to provide real time share data to Google users

London Stock Exchange Group said on Tuesday it had struck a deal with Google to provide real-time quotes for trades on the London Stock Exchange and Borsa Italiana, information that traders currently pay a premium for.
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Mazda to raise $2 bln in share issue, loans: sources

Japan's Mazda Motor Corp plans to raise $2.1 billion to shore up its finances and invest in a new plant in Mexico, financial sources said on Tuesday -- a bigger-than-expected dilutive fundraising that sent its shares tumbling 10 percent.
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Debt crisis takes India's Kingfisher to the brink

India's debt-crippled Kingfisher Airlines Ltd edged closer to the brink on Tuesday after nearly a week of mass cancellations of flights and the resignation of dozens of the low-cost carrier's pilots.
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Twitter partners with Yandex for real-time search

Twitter and Russian search engine Yandex have agreed a partnership that will allow Yandex to show new tweets in its search results almost instantly, as Twitter becomes an increasingly important source of real-time information.
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Euro steady but cautious after Greek deal

The euro steadied after an initial jump and European stocks were lower after the agreement of a second bailout deal for Greece removed the threat of a disorderly bond default but left markets unconvinced it could avoid further turmoil.
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Euro jumps, but Greek deal fails to ignite stocks

The euro jumped and U.S. Treasuries dipped on Tuesday after euro zone policymakers agreed to a second bailout package for Greece in talks that went deep into the night in Brussels, but concerns that the deal is only a short-term fix kept stocks subdued.
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Euro zone seals second Greek bailout

Euro zone finance ministers sealed on Tuesday a second bailout for debt-laden Greece that will resolve its immediate financing needs but seems unlikely to revive the nation's shattered economy.
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Deal reached on second Greek bailout package

Euro zone finance ministers struck a deal early on Tuesday for a second bailout program for Greece that includes new financing of 130 billion euros and aims to cut Greece's debt to 121 percent of GDP by 2020, two EU officials said.
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Second Greek bailout in reach, funding gap narrows

Euro zone finance ministers, locked in marathon overnight talks, inched towards approving a second bailout for debt-laden Greece that would resolve Athens' immediate repayment needs but seems unlikely to revive the nation's shattered economy.
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Stocks, euro ease as markets await Greek deal

Asian stocks and the euro faltered on Tuesday, as a rally that had been driven by expectations of a second bailout package for Greece ran out of steam with a deal still not quite sealed.
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Exclusive: Greek debt may remain at 160 percent in '20: IMF/ECB

Greece will need additional relief if it is to cut its debts to 120 percent of GDP by 2020 and if it doesn't follow through on structural reforms and other measures, its debt could hit 160 percent by 2020, a confidential analysis conducted by the IMF, European Central Bank and European Commission shows.

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