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AP Business

Staff at The Sun tabloid arrested in bribe inquiry 15 minutes ago LONDON (AP) -- Five staff at Britain's largest selling tabloid The Sun were arrested Saturday along with three other people over alleged bribes paid to police and defense officials, detectives and  Read Story.

Socialist leader urges vote for austerity measures about 1 hour ago ATHENS, Greece (AP) -- Lawmakers from two parties backing Greece's coalition government are meeting to consider support for legislation containing new austerity measures in the wake of six resigna  Read Story.

Republic Bancorp founder Bernard Trager dies at 83 about 9 hours ago LOUISVILLE, Ky. (AP) -- Officials say Bernard Trager, the founder and chairman of Republic Bancorp Inc., has died. He was 83....  Read Story.

Bank failures in Ill, Ind bring 2012 total to 9 about 11 hours ago WASHINGTON (AP) -- Regulators on Friday closed small banks in Illinois and Indiana, increasing to nine the number of U.S. bank failures this year, a slower pace than in 2011, when there were 92 ba  Read Story.

S&P lowers rating on 34 Italian banks about 12 hours ago NEW YORK (AP) -- Standard & Poor's Ratings Services on Friday lowered its ratings on 34 Italian banks, citing concerns over Italy's financial vulnerability and expectations for weak profits at  Read Story.

Banks closed in Ill, Ind; makes 9 failures in 2012 about 12 hours ago WASHINGTON (AP) -- Regulators have closed small banks in Illinois and Indiana, increasing to nine the number of U.S. bank failures this year, a slower pace than in 2011, when there were 92 bank cl  Read Story.

MF Global trustee sees shortfall of $1.6 billion about 12 hours ago The trustee overseeing MF Global's liquidation said Friday that the shortfall between the funds under his control and the amount customers of the failed brokerage are expected to claim is at least $1.  Read Story.

Summary Box: Stocks fall as Greek deal is held up about 13 hours ago BAILOUT BLUES: U.S. stocks took their biggest slide so far this year on news that European countries that share the euro with Greece want it to make deeper spending cuts in exchange for bailout money.  Read Story.

Greek premier says default would lead to 'chaos' about 13 hours ago ATHENS, Greece (AP) -- Greece's future in the eurozone came under renewed threat Friday as popular protests again turned violent and dissent grew among its lawmakers after European leaders demande  Read Story.

S&P lowers ratings on 34 Italian banks about 13 hours ago NEW YORK (AP) -- Standard & Poor's Ratings Services has lowered its ratings on 34 Italian banks, citing concerns over Italy's financial vulnerability and expectations for weak profits at the b  Read Story.

Summary Box: Commodities fall on Greece debt woes about 14 hours ago GREEK WOES: Commodity prices fell broadly as a plan to fix Greece's crippling debt crisis remained far from settled, renewing concerns about global economic growth....  Read Story.

Gov't on pace for $1T deficit despite January dip about 14 hours ago WASHINGTON (AP) -- The federal deficit was lower through the first four months of the budget year than the same period last year. Still, the deficit is expected to top $1 trillion for the fourth y  Read Story.

Setback in Greek deal sends investors into bonds about 14 hours ago NEW YORK (AP) -- The latest setback in Greece's efforts to avoid defaulting on its debt sent investors rushing back into U.S. Treasurys Friday....  Read Story.

Summary Box: NYSE Euronext 4th-qtr profit shrinks about 15 hours ago DEAL COSTS: NYSE Euronext on Friday said costs related to its collapsed merger with German stock market Deutsche Boerse shrank fourth-quarter net income....  Read Story.

Earnings schedule for week of 2/13/2012 about 15 hours ago Major companies tentatively scheduled to report quarterly earnings next week:...  Read Story.

Most commodity prices fall on Greece debt woes about 15 hours ago Commodity prices are falling across the board after a plan to fix Greece's crippling debt crisis suffered a setback, renewing concerns about global economic growth....  Read Story.

Summary Box: Barclays cuts bonuses after '11 fall about 16 hours ago BONUSES CUT: Barclays PLC revealed Friday that it is slashing its bonus pool after earnings at its investment banking division fell sharply and dented overall profitability....  Read Story.

Euro falls against dollar on Greek default fears about 16 hours ago NEW YORK (AP) -- The euro is falling sharply against the dollar on fears that Greece won't be able to avoid a default....  Read Story.

First Solar shares plunge on project delay about 16 hours ago NEW YORK (AP) -- First Solar is warning that a construction delay threatens to undo its sale of a large solar project planned for Los Angeles County to power producer Exelon Corp....  Read Story.

Cobalt International up 36 percent on well results about 17 hours ago NEW YORK (AP) -- Shares of oil producer Cobalt International Energy Inc. surged 36 percent Friday after the company released a study showing that one of its wells might be far more productive than  Read Story.

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