Archive for January 1st, 2013

Wall Street ends 2012 riding high on "cliff" deal optimism

January 1, 2013
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NEW YORK (Reuters) – U.S. stocks closed out 2012 with their strongest day in more than a month, putting the S&P 500 up 13.4 percent for the year, as lawmakers in Washington closed in on a resolution to the “fiscal cliff” negotiations.
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Senate passes ‘cliff’ deal, House up next

January 1, 2013
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With 2013 just over two hours old, the Senate voted 89-8 on Tuesday to approve a last-minute deal to avert income tax hikes on all but the richest Americans and stall painful spending cuts as part of a hard-fought compromise to avoid the economically toxic “fiscal cliff.”
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With fiscal deal, economy dodges bullet … for now

January 1, 2013
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WASHINGTON (Reuters) – A deal worked out by Senate leaders to avoid the “fiscal cliff” was far from any “grand bargain” of deficit reduction measures.
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Obama: Senate fiscal cliff bill ‘the right thing’

January 1, 2013
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WASHINGTON (AP) — President Barack Obama says the “fiscal cliff” agreement reached by the Senate is “the right thing to do for our country” and is encouraging the House to “pass it without delay.”
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Senate passes ‘fiscal cliff’ deal, House up next

January 1, 2013
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With 2013 just over two hours old, the Senate voted 89-8 on Tuesday to approve a last-minute deal to avert income tax hikes on all but the richest Americans and stall painful spending cuts as part of a hard-fought compromise to avoid the economically toxic “fiscal cliff.”
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Tentative ‘fiscal cliff’ deal reached in Senate

January 1, 2013
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Tentative ‘fiscal cliff’ deal reached in Senate

President Barack Obama discusses the negotiations with Capitol Hill on the looming fiscal cliff in front of middle …Racing to beat a midnight deadline, Vice President Joe Biden arrived on Capitol Hill Monday night to sell wary Democratic senators on an 11th-hour deal to avert income tax hikes on all but a sliver of the...
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Suspect in NYC subway death arrested before

January 1, 2013
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NEW YORK (AP) — The family of a woman accused of shoving a man to his death in front of a subway train called police several times in the past five years because she had not been taking prescribed medication and was difficult to deal with, authorities said Monday.
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Housing and jobs key to lifting S&P toward record

January 1, 2013
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NEW YORK (AP) — It may be a big if, but assuming Washington lawmakers can get past the “fiscal cliff,” many analysts say that the outlook for stocks next year is good, as a recovering housing market and an improving jobs outlook helps the economy maintain a slow, but steady recovery.
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A surprisingly good vintage as market logs gains

January 1, 2013
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NEW YORK (AP) — If you’d told investors what was going to happen in 2012 — U.S. economic growth at stall speed, an intensifying European debt crisis, a slowdown in China, fiscal deadlock in Washington, decelerating corporate earnings growth — and asked how the stock market would perform, few would have predicted a good...
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