Financial News (from Yahoo Finance)

Investors pushed the Dow Jones industrials down 345 points after the government and retailers added more bad economic news.

Office products maker Acco Brands Corp. said Wednesday that its fourth-quarter profit jumped nearly 40 percent from the year before although sales fell slightly. The results beat Wall Street expectations and shares rose in morning trading.

NEW YORK (TheWrap.com) - Sprawling sports web publisher Bleacher Report continued its rapid expansion on Wednesday, announcing four new web series that will debut on their YouTube sports channel starting this week. Everyone from the Wall Street Journal to Reuters to the Huffington Post is augmenting their online video presence, and Bleacher Report is doing so through YouTube's initiative for 100 channels of original programming. It announced that deal late in 2011, and these new series represent the company's biggest push into video yet. ...

In this Feb. 2, 2012 photo, trader Jeffrey Vazquez, left, works on the floor of the New York Stock Exchange Thursday, Feb. 2, 2012. World stock markets rose Wednesday, Feb. 15, 2012, after Greece indicated a willingness to commit to spending cuts to secure its bailout and moves by Japan's central bank to support the economy lifted its powerhouse export sector. (AP Photo/Richard Drew) Stocks are mixed on Wall Street as Greece inches closer to a deal to resolve its debt crisis.


RISING EXPENSES: Heineken NV, Europe's largest brewer by sales, reported a fall in profits in 2011 due to rising costs, though a thirst for its beer in developing markets kept revenue buoyant.

SAN MARCOS, Texas (Reuters) - Dallas Federal Reserve Bank President Richard Fisher had a message for Wall Street on Wednesday: don't expect more from the U.S. central bank. Goldman Sachs and other Wall Street economists have for months predicted the U.S. central bank will embark on a third round of quantitative easing, or QE3, adding to purchases of long-term securities that have already pushed the Fed's balance sheet to nearly $3 trillion. "There will be no QE3," Dallas Fed President Richard Fisher told reporters after a speech here. ...

STEMMING LOSSES: Comcast lost just 17,000 cable-TV subscribers in the October to December quarter, the lowest figure in five years. The company says improvements in customer service and new features like TV on tablets are the reason.

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - The S&P 500 index hit a fresh 7-month high before giving up some gains on Wednesday after mixed data on the U.S. economy and news of a possible delay in Greece's bailout. The S&P hit a peak of 1,354.72 shortly after the open but quickly retreated. With the index posting gains every week this year except for a 0.2 percent decline last week, many market participants were convinced stocks are overbought. ...


A sign shows the address of the Goldman Sachs headquarters building in New York(Reuters) - A Goldman Sachs technology analyst is under investigation by federal authorities for leaking inside information to hedge funds, the Wall Street Journal said, citing people close to the situation. The newspaper named the analyst as Henry King and said his activities focused on the flow of information from Taiwan to U.S. investors about the supply chain for personal-computer parts makers from Taiwan. ...


Jean-Francois van Boxmeer, right, CEO of the Heineken brewing company and Rene Hooft Graafland, left, CFO of Heineken, pose for photographs in central London, ahead of the company's announcement of their 2011 results, Wednesday, Feb. 15, 2012. (AP Photo/Lefteris Pitarakis) Heineken NV, Europe's largest brewer by sales, reported a fall in profits in 2011 due to rising costs, though a thirst for its beer in developing markets kept revenues buoyant.


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