http://realfinadvice.com Business news Mon, 06 Feb 2012 07:20:03 +0000 http://backend.userland.com/rss092 en European leaders maintained pressure on Greece to accept terms demanded by international lenders during a weekend of talks to avert a financial collapse. Interim Greek Prime Minister Lucas Papademos struck a tentative deal with party leaders to boost economic competitiveness and extend spending cuts after euro-area finance chiefs ... http://realfinadvice.com/european-leaders-maintain-pressure-on-greece-to-complete-terms-for-bailout-bloomberg/ The Swiss Competition Commission said Friday it has launched an investigation into possible cartel behavior by a dozen banks including the country's two biggest institutions UBS and Credit Suisse. The banks are suspected of colluding to influence key interest rates and the trading conditions for derivatives, the commission said in ... http://realfinadvice.com/swiss-launch-competition-probe-against-ubs-cs/ At long last, the Holy Grail of Internet IPOs is here. Facebook filed Wednesday to raise $5 billion in an initial public offering.In 2011, Facebook earned $1 billion on sales of $3.7 billion. As of December 31, Facebook had 845 million monthly active users.The company crossed the line ... http://realfinadvice.com/facebook-files-for-5-billion-ipo/ World stock markets were mixed Wednesday, as a modest improvement in manufacturing data from China offered reassurance over its economic slowdown, though Asian markets fell back from early gains. Benchmark oil hovered below $99 per barrel while the dollar rose against the euro but fell against the yen. In early ... http://realfinadvice.com/shares-unsteady-amid-mixed-china-data/ Private nonresidential construction may pick up this year, as demand grows for new U.S. projects. The Architecture Billings Index held at 52 last month, a sign of expansion, according to the American Institute of Architects. The commercial and industrial component -- a proxy for private building activity -- ... http://realfinadvice.com/construction-rises-as-architects-show-us-nonresidential-bounce-bloomberg/ Cass Informations Systems reported fourth-quarter net income of $5.5 million, or 53 cents per share, compared with $5.1 milllion, or 48 cents per share, in the corresponding period of 2010. For the year, Cass--a Bridgeton-based provider of invoice payment and information services--reported record net income of $23 million, or $2.21 ... http://realfinadvice.com/cass-reports-higher-profit-in-fourth-quarter/ Leaders of the world http://realfinadvice.com/bankers-at-davos-humbler-as-austerity-hits-bloomberg/ The U.S. Federal Reserve on Wednesday said it will not raise interest rates until at least late 2014, even later than investors expected, in an effort to support a sluggish economic recovery. Without making major shifts to its outlook for the economy, the central bank described the unemployment ... http://realfinadvice.com/fed-says-no-rate-hikes-until-at-least-late-2014/ The last big name from the old days at Anheuser-Busch is leaving Pestalozzi Street. Dave Peacock, who went from August Busch IV's right-hand man to Carlos Brito's U.S. point man, resigned from Anheuser-Busch InBev Monday, a move some see as one of the final steps of the brewery's transition to ... http://realfinadvice.com/peacocks-farewell-the-latest-change-at-a-b/ An official at the main airport serving Yemen's capital says that protesting troops have closed the runways with armored vehicles, demanding that the commander of the country's air force be replaced. The garrison at Sanaa airport's attached military air base is demanding the removal of Maj. Gen. Mohammed Saleh, the ... http://realfinadvice.com/yemen-capitals-airport-closed-by-protest/