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Greek PM says 50 percent haircut means debt now sustainable
IP is over the quota IP is over the quota BRUSSELS (Reuters) – A deal that imposes 50 percent losses on private sector bondholders means Greece’s debt burden will be sustainable, Greek Prime Minister George Papandreou said on Thursday.Greece will produce no more primary budget deficits from next year, but some of the country’s banks [...]
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Visa 4Q profit rises 14 percent on heavy card use
IP is over the quota IP is over the quota NEW YORK (AP) — Increased use of debit and credit cards throughout the world pushed Visa Inc.’s fiscal fourth-quarter profit up 14 percent.But its quarterly revenue came in shy of Wall Street expectations, in part because because the company has been cutting deals with merchants [...]
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Greek bank stocks plunge 13 percent on haircut fears
AppId is over the quota AppId is over the quota ATHENS (Reuters) – Greek bank shares shed more than 13 percent on Monday on fears that a deeper markdown on Greek government bonds held by the private sector would force lenders to seek state support to recapitalize.“Talk of haircuts ranging from 40 to 50 percent [...]
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UnitedHealth’s 3Q profit slips less than 1 percent
AppId is over the quota AppId is over the quota INDIANAPOLIS (AP) — UnitedHealth Group Inc.’s third-quarter net income edged slightly lower because medical costs rose, but the health insurer’s revenue and enrollment grew and it increased its 2011 earnings forecast.The Minnetonka, Minn., company earned $1.27 billion, or $1.17 per share, in the three months [...]