NEW YORK (Reuters) - If the United States sails over the fiscal cliff in less than two weeks, it probably will not mean disaster for the stock market, investors said on Friday, but the margin for error is getting dangerously thin.
At heart are fears over how long the U.S. economy, the world's largest, can hold up under the brunt of higher taxes and big spending cuts that would be triggered by the...
Signs suggest better economy if 'cliff' is averted
Labels: BusinessWASHINGTON (AP) — Fresh signs of a strengthening U.S. economy on Friday suggested that if Congress and the White House can avert the "fiscal cliff," the economic recovery might finally accelerate in 2013.
Consumers spent and earned more in November. And for a second straight month, U.S. companies increased their orders for a category of manufactured goods that reflects investment plans.
In light of...
Scenarios: Seven ways the US 'fiscal cliff' crisis could end
Labels: BusinessWASHINGTON (Reuters) - So what now?
The U.S. House of Representatives' rejection of a bill to raise taxes on just 0.18 percent of Americans - those making more than $1 million a year - has raised questions about the Republican-led chamber's ability to approve any plan to avert the looming "fiscal cliff."
Unless President Barack Obama and the U.S. Congress can forge a deal during the Christmas and...
Wall Street Week Ahead: A lump of coal for "Fiscal Cliff-mas"
Labels: BusinessNEW YORK (Reuters) - Wall Street traders are going to have to pack their tablets and work computers in their holiday luggage after all.
A traditionally quiet week could become hellish for traders as politicians in Washington are likely to fall short of an agreement to deal with $600 billion in tax hikes and spending cuts due to kick in early next year. Many economists forecast that this "fiscal cliff"...
U.S. judge approves settlement in BP class action suit
Labels: Business(Reuters) - A U.S. judge on Friday gave final approval to BP Plc's settlement with individuals and businesses who lost money and property in the 2010 Gulf of Mexico oil spill.
The order only addressed the settlement of economic and property damage claims, not a separate medical benefits settlement for cleanup workers and others who say the spill made them sick.
BP has estimated that it will pay $7.8...
Dec
20
Canadian Football Hall of Famer Eagle Keys dies at 89; won three Grey Cups
Labels: SportsVANCOUVER - Canadian Football Hall of Fame inductee Eagle Keys has died at the age of 89.Keys played centre and linebacker for five years with the Montreal Alouettes (1949-51) and with the Edmonton Eskimos (1952-54), being named to three CFL all-star teams.He became a coach after retiring as a player, starting as an assistant in Edmonton in 1955. He became the Eskimos' head coach in 1959, a job he...
Vikings still wowed by Peterson's rapid recovery
Labels: SportsEDEN PRAIRIE, Minn. (AP) — Most days, Adrian Peterson went through rehab drills looking as if he were never injured.No one could've foreseen the rapid recovery Peterson has made since that bionic left knee of his was severely damaged near the end of a lost 2011 season for Minnesota. No one could have predicted these weekly gallops down the field and through the NFL record book.With two games to go,...
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