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Lucas Papademos

Wall Street's Losses Vanish in Late-Day Run

FOX Business: The Power to ProsperWall Street managed to put an end to a brutal global rout on Wednesday, with the S&P and Nasdaq ending in the green as traders parsed through a slew of headlines from Europe.Today's MarketsThe Dow Jones Industrial Average slumped 6.7 points, or 0.05%, to 12496, the S&P 500 rose 2.2 points, or 0.17%, to 1319 and the Nasdaq Composite gained 11 points, or 0.39%, to 2850.U.S. markets made a significant comeback on the day. Indeed, the Dow was down 191 points at the lows of the session. All of the S&P 500 sectors were in the red for most of the session, but by the end of trading, there were only four to the downside. Still, U.S. Treasury yields fell as traders bid up the safe-haven asset. The yield on the 10-year dropped 0.069-percentage point to 1.724%Market participants across the globe have worried about the growing chances that Greece may be forced to exit the eurozone in a move that would send shockwaves across markets there. On Tuesday afternoon, form...

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  1. Stocks Turn Red in Late-Day Drop

    FOX Business: The Power to ProsperAfter trading in the green for the vast majority of the session, the markets turned negative on Tuesday afternoon as market partici...

  2. Greece Does an About-Face on Bond Swap Holdouts

    Greece made a last-minute decision on Tuesday to pay bondholders who refused to accept a debt restructuring, a move that may set a precedent and infuriate creditors ...

  3. In Wake of Bailout, Greek Banks to Post Big Losses

    Greek banks will post big losses for 2011 on Friday, as they will include the writedown on government bonds suffered during last month's bailout deal for the country...

  4. Third Time the Charm for Greece Bailout Package?

    Prime Minister Lucas Papademos said on Friday Greece may need a third bailout package if the sweeping austerity measures demanded by its international creditors fail...

  5. Papademos Says Greece Halfway To Recovery: Report

    Greece is more than halfway down the path to economic recovery and should be able to return to growth in less than two years, Lucas Papademos , the country's caretak...

  6. Greek Major Parties' Popularity Continues to Slump In Poll

    The popularity of Greece's two main political parties, which have backed the country's coalition government, continues to deteriorate, a public opinion poll showed T...

  7. FINANCIAL NEWS: The Rise Of The Derivatives Technocrats

    "I'm a plumber, and I'm proud of it," Walt Lukken, the new president of the Futures Industry Association, told assembled media at the opening of the derivatives trad...

  8. Greece Seals Debt Exchange

    Greece averted the immediate risk of an uncontrolled default on Friday, winning strong acceptance from its private creditors for a bond swap deal which will eat into...

  9. Greece To Tap EIB For Infrastructure Projects

    BRUSSELS -- Greece will get help from the European Investment Bank to make best use of European Union funds still available to it, especially to develop infrastructu...

  10. Greek Minister Quits, Eyes Socialist Party Leadership

    Greece's citizens' protection minister, Christos Papoutsis, resigned on Monday to run for the leadership of the socialist PASOK party headed by former prime minister...

  11. EU Officials Say Deal for Greek Bailout Reached

    Euro zone finance ministers approved on Tuesday a second bailout for debt-laden Greece that will resolve Athens' immediate repayment needs but seems unlikely to revi...

  12. Merkel, Monti, Papademos See Greek Deal Monday

    German Chancellor Angela Merkel , Italian Prime Minister Mario Monti and Greek Prime Minister Lucas Papademos expressed confidence that a deal on a second Greek bail...

  1. Greece: The Next Lehman Brothers?

    As jitters about Greece leaving the eurozone reach a boiling point, one of the key lessons of the Lehman Brothers collapse should loom large over the heads of policy...

  2. Wall Street's Losses Vanish in Late-Day Run

    FOX Business: The Power to ProsperWall Street managed to put an end to a brutal global rout on Wednesday, with the S&P and Nasdaq ending in the green as traders pars...

  3. OIL FUTURES: Crude Weaker On Greece-Euro, Iran Concerns

    Crude oil futures were weaker Wednesday as fresh worries that Greece may exit the euro raised concerns over the health of European economies.After Lucas Papademos, f...

  4. Mounting EU Worries Hit U.S. Stock Futures

    FOX Business: The Power to ProsperU.S. stock-index futures followed European shares to the downside on Wednesday amid skepticism that eurozone leaders meeting on the...

  5. Stronger Dollar Hurting Stock Futures Wednesday

    FBN’s Diane Macedo breaks down the stories moving the markets ahead of the trading day.

  6. Fears of Greece Departure From EU Dropping Markets

    FBN’s Diane Macedo breaks down the stories moving the markets around the world.

  7. European Markets Pounded by EU Doubts

    European shares ended a two-day rally and safe-haven assets such as the dollar rose on Wednesday, as investors doubted any new measures to tackle the euro-zone debt ...

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