IBT Staff Reporter

Greek Prime Minister George Papandreou will outline fresh plans to cut the country's ballooning deficit after meeting employers and labour unions next week, a Greek official told Reuters on Friday.

Iraq could challenge Russia's number two spot among world oil producers after auctioning two prized oilfields on Friday, although it failed to attract companies to bid for deals in its most dangerous areas.

A draft climate pact unveiled on Friday revived hopes that U.N. talks might be able to pin down an international deal to fight global warming, but developing nations said they needed more cash from the rich.

Cadbury Plc (CBRY.L) will argue for its independence on Monday with a defense document set to highlight its upbeat trading and show that its valuation is way above that of Kraft Food's (KFT.N) bid, analysts said on Friday.

Shareholders of Verenex Energy Inc (VNX.TO) overwhelming approved the C$317 million ($299 million) sale of the small Canadian oil explorer on Friday to a Libyan sovereign wealth fund, ending an international takeover battle that saw Libya block a richer offer from China.

Mobistar (MSTAR.BR), Belgium's second-biggest mobile phone operator, has no current plans for a merger, its chief executive reportedly told De Tijd newspaper.

The Dow and S&P cut early gains on Friday on strength in the U.S. dollar, while the Nasdaq turned negative after disappointing quarterly results from a semiconductor company pressured tech stocks.

U.S. consumers felt better in December, as the job market shows signs of improvement and retailers dangle steep discounts to goose up holiday sales, a survey released on Friday showed.

The U.S. pay czar on Friday expanded a crackdown on pay packages at bailout recipients, ruling that cash salaries will be mostly limited to $500,000 for a second-tier of top earners.

The U.S. House of Representatives was expected to approve the biggest changes in financial regulation since the Great Depression on Friday, marking a win for the Obama administration.

Apartment rents will begin to grow “in earnest” until the second half of 2011, according to a Reuters report of a CB Richard Ellis Econometrics Advisors forecast.

Most of candlestick patterns are considered reversal. There are some patterns that usually imply continuation of the trend. Falling and Rising Window formations are among them. We could also consider three white soldiers, falling three methods, rising three methods, and separating lines as other candlestick continuation patterns.

U.S. consumer sentiment improved in early December on signs of stabilization in the labor market and widespread discounts to entice holiday shoppers, a survey released on Friday showed.

Morning Star is a three candle reversal pattern. This pattern usually appears at the bottom of a downtrend and signals for a reversal. The reversal could actually be a correction in the trend or a complete reversal to a new trend (see image).

The Dow cut early gains on Friday, pressured by strength in the U.S. dollar, while declines in shares of large cap technology companies dragged the Nasdaq into the red.

One of the reversal candle patterns which you rarely see in Forex charts is dark-cloud cover. This formation consists of two candles which usually appear on top of a rally - or rather an uptrend - and is a significant sign of reversal. It especially becomes more reliable if you spot it around aresistance area. The following image shows a typical dark-cloud cover pattern.

Stocks cut early gains on Friday, pressured by strength in the U.S. dollar, while declines in shares of large cap technology companies dragged the Nasdaq into negative territory.

The wife of South Carolina Governor Mark Sanford said on Friday that she was filing for divorce, six months after Sanford traveled secretly to Argentina for what he later confessed was an extramarital affair.

Spinning top candles appear on a candlestick chart frequently. You may easily locate them on any time frame from one minute to monthly. The specifications defined for spinning top candles are very subjective. Thus a candle that you call it spinning top could be something else from another trader's perspective. In general we say that a candle is a spinning top if therange of the candle is relatively small, the size of the real body is small comparing to the range of the candle, and the upper shad...

Jenny Sanford, the embattled wife of South Carolina governor, Mark Sanford on Friday filed for divorce six months after he confessed to having an extramarital affair with an Argentine woman.

Dutch supermarket sales growth is seen at 1.5 percent in 2010, down from a projected 2.5 percent this year as cautious consumers continue to curb spending, the Dutch Food Retail Association (CBL) said

Children's Place Retail Stores Inc (PLCE.O), which has gone without a permanent chief executive since 2007, named Jane Elfers as CEO, effective Jan. 4.

Ford Motor Co Chief Executive Alan Mulally said in a CNBC interview on Thursday that he had talked this week with General Motors Co Chairman and Chief Executive Ed Whitacre.

Oil and gas company U.S. Energy Corp (USEG.O) said its offering of 5 million shares was priced at $5.25 apiece, a 6 percent discount to the stock's close on Thursday.

Lundin Mining Corp (LUN.TO) expects a higher capital expenditure budget for 2010, saying a large part of its budget will represent investment in new capacity.

Swine flu has killed nearly 10,000 Americans, including 1,100 children and 7,500 younger adults, and infected one in six people in the United States since arriving last April, health officials said on Thursday.

Craigslist founder Craig Newmark said he had never visited eBay Inc's rival classified ad site, which is the center of a bitter legal fight between the two companies.

* Patriarch Partners to acquire majority stake in DuraMergers & Acquisitions | Funds News | ETFs News | Private Capital | Cyclical Consumer Goods | Financials* Patriarch to invest up to $125 mln capital* Dura emerged from bankruptcy in June 2008DETROIT, Dec 11 (Reuters) - Private equity firm Patriarch Partners has agreed to take a controlling stake in U.S. auto parts supplier Dura Automotive Systems by investing up to $125 million of capital, the investment company said...

Canada's hydro-electric producer Plutonic Power Corp (PCC.TO) said its partnership with a unit of General Electric Co (GE.N) will resume construction of the 300-megawatt Dokie Wind Project in British Columbia by January 2010.