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Wall Street slips as China trims growth target

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Stocks fell on Monday for the second straight session and the third in the last four trading days, led lower by basic materials shares after China trimmed its growth target for 2012.
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China cuts growth target to 8-year low, to boost consumption

Chinese Premier Wen Jiabao cut his nation's 2012 growth target to an eight-year low of 7.5 percent and made boosting consumer demand the year's first priority as Beijing looks to wean the economy off its reliance on external demand and foreign capital.
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China cuts 2012 growth target to 7.5 percent, stability key

Chinese Premier Wen Jiabao cut his nation's growth target to 7.5 percent for 2012 to give the economy more room to slow down if needed while the government carries out promised economic and welfare reforms ahead of a looming leadership transition.
China's President Hu and Premier Wen clap during the opening ceremony of the Chinese People's Political Consultative Conference in Beijing

China Decreases 2012 Growth Target to 7.5%

China will target for an economic growth of 7.5 percent in 2012 according to state-of-the-nation speech that Premier Wen Jiabao delivered at the annual meeting of the National People’s Congress in Beijing Monday.
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Spain defies Brussels on deficit target

Spain set itself a softer deficit target for 2012 than originally agreed under the euro zone's austerity drive, putting a question mark over the credibility of the European Union's new fiscal pact.
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S&P: Italy must target growth, tackle debt: report

Italy must lay the foundations for economic growth and get its debt under control to return to a sovereign 'A' rating, a Standard & Poor's official told newspaper Il Sole 24 Ore for its Friday edition.
Whitney Houston Greeting Card

Offensive Whitney Houston Greeting Card Pulled from Target Shelves

When a celebrity dies, skeletons can and do come out of the closet; but, despite whatever sort of sordid past that individual might have had, jokes at the deceased individual's expense are quite taboo. That is why a Whitney Houston greeting card has been pulled from the shelves at target for its offensive nature.
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Target profit beats, Kohl's forecast disappoints

Target Corp posted a higher-than-expected quarterly profit despite a holiday season marked by heavy discounting, while Kohl's Corp , hit by shoppers' resistance to higher prices, issued a 2012 profit that missed Wall Street forecasts.
Woman walks past stock quotation board outside brokerage in Tokyo

Is Deflation a Real Threat?

When it comes to the debate on whether the United States is experiencing inflation, it is typically not a yes or no interchange. If you have read the first two parts (Part 1, Part 2) of my series on inflation, you are well aware that I am on the side that inflation is already upon us. My counterparts, typically, will not only disagree, but will also bring up the issue of deflation.
Medvedev and Putin

Hackers Target Putin's Vote-Monitoring System

Hackers have tried to crash a vast network of Web cameras which Vladimir Putin has ordered to allay fears of vote-rigging in the March presidential election, a deputy minister said on Friday.
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Hackers target Putin's vote-monitoring system

Hackers have tried to crash a vast network of Web cameras which Vladimir Putin has ordered to allay fears of vote-rigging in the March presidential election, a deputy minister said on Friday.
A Greek and an EU flag fly over the Greece's Finance Ministry in Athens

Greece Battles Mistrust to Target Bailout Deal

Greece expressed hope it was within days of finally securing a 130-billion-euro EU/IMF bailout to ease its debt crisis but markets reacted skeptically on Thursday as acrimony grew between Athens and euro zone partners led by Germany.
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Schaeuble told MPs Greek plan short of target: sources

German Finance Minister Wolfgang Schaeuble told conservative lawmakers on Friday that existing Greek reform pledges would not bring its debt down to levels that are considered sustainable, sources who attended the meeting said.

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