Business Wire

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Business Reporter

Rolf Boone
360-754-5403
rboone@theolympian.com

Olympian Blogs

Around South Sound Blog

Check out Arts Olympia show and sale this weekend 02/08

Outside Olympia Blog

County debris drop-off sites close later this month 02/08

The Politics Blog

Gov. Gregoire to sign gay-marriage bill Monday 02/09

South Sound Sports Blog

2A District IV girls tournament begins tonight; Updated District IV 2A, 1A, 2B, 1B basketball schedules/matchups 02/10

The Business Blog

Timberland Bancorp earns $1.28 million profit in fiscal first quarter 02/10

more blogs & columns

Local Photo Galleries

Summary Box: 2012 deficit trails previous year

DEFICIT SHRINKS: The federal deficit is running lower through the first four months of the budget year than the previous year. Through January, it totaled $349 billion - $70 billion less than the same period last year.
Setback in Greek deal sends investors into bonds

NEW YORK — The latest setback in Greece's efforts to avoid defaulting on its debt sent investors rushing back into U.S. Treasurys Friday.
Summary Box: Commodities fall on Greece debt woes

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.
Most commodity prices fall on Greece debt woes

Commodity prices fell broadly Friday after a plan to fix Greece's crippling debt crisis suffered a setback, renewing concerns about global economic growth.
Earnings schedule for week of 2/13/2012

Major companies tentatively scheduled to report quarterly earnings next week:
Summary Box: NYSE Euronext 4th-qtr profit shrinks

DEAL COSTS: NYSE Euronext on Friday said costs related to its collapsed merger with German stock market Deutsche Boerse shrank fourth-quarter net income.
Business events scheduled for the coming week

MONDAY, Feb. 13
Oil prices tumble on European debt concern

NEW YORK — Oil prices fell Friday with a critical bailout plan for Greece's economy in limbo, again raising the specter of bank failures and reduced oil petroleum in Europe. Here's how energy contracts traded.
MF Global trustee says at least $1.6B missing

The court-appointed trustee overseeing MF Global's liquidation says an additional $400 million is missing from customer accounts, bringing the total to a least $1.6 billion.
Euro falls against dollar on Greek default fears

NEW YORK — The euro fell sharply against the dollar Friday on fears that Greece won't be able to avoid a default.
Summary Box: Barclays cuts bonuses after '11 fall

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.
First Solar shares plunge on project delay

NEW YORK — 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.
Gov't on pace for $1T deficit despite January dip

WASHINGTON — 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 year in a row, putting more pressure on Congress and President Barack Obama in an election year.
Cobalt International up 36 percent on well results

NEW YORK — 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 many analysts thought.
Int'l Paper can proceed with Temple-Inland buyout

MEMPHIS, Tenn. — International Paper Inc. will be allowed to go ahead with its $3.7 billion acquisition of smaller rival Temple-Inland Inc. after reaching a settlement with the Justice Department's antitrust division.