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Stocks, Commodities up on Approval of Greek Rescue: Daily Market Wrap

The financial world welcomed Tuesday's approval of Greece's plans for what amounts to an orderly default with gains in global stocks and commodities.

Equity Residential Hikes Potential Bid for Archstone Stake to $1.48B

Sam Zell speaks at the 2009 Milken Institute Global Conference in Beverly Hills

Real estate mogul Sam Zell's Equity Residential (NYSE:EQR) has raised its minimum bid for a 26.5 percent stake in the long-running battle for control of Archstone, owner of more than 70,000 U.S. apartment units. Earlier this week, the minimum bid was raised to $1.48 billion from $1.32 billion by Bank of America Corp. and Barclays Plc, which own the minority stake in the company. The banks also extended the deadline for Equity's option to buy the stake to April 19 from Feb. 19.

Romney vs. Obama on Auto Bailout: Will Govt.'s $2.43B Loss on GM Stock Matter?

The four words that envelop the headline nag along behind Mitt Romney wherever he campaigns on stops in Michigan. Let Detroit Go Bankrupt. These were the four words that served as the theme and message of an opinion-editorial Romney penned more than three years ago for The New York Times. It came in the midst of bipartisan bailouts to the swooning auto industry, in a time of debate over how to save what was once Michigan's most prestigious industry in its most prestigious city.

Wall Street Turns Lower After Dow Crosses 13,000

Stocks dipped on Tuesday as shares pulled back after the Dow breached 13,000 for the first time since May 2008, the latest big move in stocks' recent rally.

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Dow Trades Above 13,000 for First Time Since May 2008

The Dow Jones Industrial Average briefly climbed back above the psychologically important 13,000 level shortly before noon Tuesday for the first time since 2008.

When Yelp goes public on March 2, the company plans to sell 7.1 million shares of stock. Depending on investor demand, Yelp could make more or less money in the IPO, but Yelp is in good hands with Goldman Sachs, which handled other successful IPOs of Micr

Is Yelp Stock Worth Buying? IPO Share Price Valued Between $12 and $14

Online review site Yelp gearing up for its IPO next week, but once the company hits the New York Stock Exchange on March 2, should consumers line up to buy the company's stock?

Stock Futures Signal Higher Open on US Markets

Stock index futures pointed to a rise in U.S. equities on Tuesday after the market opens following Monday's Presidents Day holiday, with futures for the S**9**P 500, the Dow Jones Industrial Average and the Nasdaq 100 rising 0.4 percent to 0.5 percent.

Stocks in Focus (WMT, DELL, CHK, KFT, HD, M, NBR, BYD, GPC, INTU)

The companies expected to see active trade Tuesday are: Wal-Mart Stores, Dell, Chesapeake Energy, Kraft Foods, Home Depot, Macy's, Nabors Industries, Boyd Gaming, Genuine Parts and Intuit Inc.

European Stocks Mixed After Greek Bailout Approval

European stock markets mixed in early trade Tuesday after eurozone finance ministers sealed a deal on second rescue package for debt-laden Greece.

Asian Stocks Unmoved by Greece's Bailout Deal

The euro jumped and U.S. Treasuries dipped on Tuesday after eurozone 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 and Asian stocks unaffected.

Kingfisher Airlines Crisis: More Flights Cancelled; Shares Drop 20 Percent

Operations of India's Kingfisher Airlines continued to be disrupted with at least 30 flights cancelled Tuesday morning.

Greece's Finance Minister Venizelos, Greece's Prime Minister Papademos and Germany's Finance Minister Schaeuble attend a Eurogroup meeting in Brussels

EU Ministers Strike Deal on Second Greece Bailout

In a much anticipated decision, EU finance ministers have reached an agreement on the second bailout of 130 billion euros.

Doing Business in Mexico: Culture Differences to Watch for

U.S. businesspeople have more and more reasons for doing business in Mexico. To be successful, however, they need to keep in mind the culture differences between the two countries.

A dump truck at Rio Tinto's Pilbara operation in Australia

Cars Without Drivers to be New Normal For Australian Ore Miner

Rio Tinto PLC, the world's second largest iron ore miner, is set to spend more than half a billion dollars automating cars, trains and trucks at one of its Western Australia mines so that they can be operated remotely.

Long-Term Unemployment on the Rise: Why We Should Be Worried

From peak to trough, the United States lost almost nine million jobs in the most recent economic downturn. What was completely unprecedented about the most recent recession, however, was the explosion in long-term unemployment.

U.S. Federal Reserve Chairman Ben Bernanke will likely roll out another round of quantitative easing, joining his global counterparts in engaging in expansion monetary policy, according to Morgan Stanley economist Spyros Andreopoulos

Expansionary Monetary Policy Could Spark Repeat of '11: Morgan Stanley Economist

Expansionary monetary policy globally could spark a repeat of the inflation run-up seen in 2011, said Spyros Andreopoulos, an economist with Morgan Stanley in a Global Economic Forum commentary.

Presidents and Cadillacs: On President's Day, The Tradition of the State Car [PHOTOS]

Back to the administration of Woodrow Wilson and today with the administration of Barack Obama, the General Motors Co. Cadillac has always been a staple of iconic presidential images and moments -- along with Ford Motor Co.'s Lincoln brand.

January Existing Home Sales Preview: Gains Expected

Existing home sales are expected to rise in January as the broader economy improves, according to analysts and industry experts.

Chinese one yuan coins are placed on 100 yuan banknotes in this illustrative photograph taken in Beijing

China to Cut Bank Reserve Ratio Two More Times in Coming Months: HSBC Report

China's central bank is expected to make more cuts to banks' reserve requirements to fuel lending and sustain economic growth.

Japan's first trade deficit since 1980 raises debt doubts

Japan Trade Deficit Up on Aftershocks from Earthquake

Japan reported a record-high balance of trade deficit in January as last year's tsunami combined with floods in Thailand, the Eurozone's sovereign debt crisis, a slowing Chinese market and a soaring yen to leave the world's third-largest economy with its first trade deficit since the last century.

A box from Amazon.com is pictured on the porch of a house in Golden

Amazon Plans Three Skyscrapers in Seattle

Amazon.com Inc. (NASDAQ:AMZN) is continuing its global expansion with a deal that will transform Seattle's skyline. The online retailer has agreed to purchase three development parcels in the city and plans a trio of 1 million square foot office towers.

Crude Oil Prices Rise as Iran Halts UK and France Exports

Crude oil prices jumped in European trade Monday after Iran said it halted oil exports to the UK and France in reply to the European Union's economic sanctions over its disputed nuclear program.

Carlsberg Annual Profit Declines 4.2% on Weaker Russia Sales; Plans to Buy Rest of Baltika

Carlsberg AS, the Danish brewer, said full-year profit declined 4.2 percent because of weaker sales in Russia, where it is the biggest beer maker, due to tough competition.

European Stocks Gain on Greek Bailout Hopes

European stock markets opened with gains Thursday as expectations mounted that the Greece bailout deal would be reached at the EU finance ministers' meeting Monday.

Walmart is the largest seller of food in the United States, and food accounts for more than half of the chain's annual sales

Wal-Mart Raises Stake in Chinese eCommerce Firm Yihaodian

Wal-Mart Stores Inc., has announced that it will increase its investment in the holding company of Yihaodian, Chinese eCommerce company, in an effort to strengthen its online presence.

Asian Stocks Gain on China’s Reserve Ratio Cut, Greece Hopes

Asian stock markets made gains on Monday as policy easing by China and expectations of a final sign-off of the second bailout package for Greece buoyed investor sentiment.

Chinese Easing and Greek Bailout Hopes Boost Asian Shares and Commodities

Asian markets rose across the board Monday as policy easing by China and expectations that Greece will secure a second bailout buoyed investor appetite for riskier assets, sending U.S. crude up nearly 2 percent and copper nearly 3 percent higher.

Japan Logs Record Trade Deficit in January

Japan posted its biggest ever trade deficit in January, topping the previous record seen during the financial crisis in 2009, Ministry of Finance data showed Monday, underlining concerns that a persistent trade gap may undermine the country's ability to finance its debt.

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