http://onlinecons.com Business and Finance news Tue, 07 Feb 2012 23:44:01 +0000 http://backend.userland.com/rss092 en Citibank won approval to issue its own credit card in China, making it the first non-Asian bank to enter that market.The approval from Chinese banking authorities was announced by the bank's parent, Citigroup (, Fortune 500), Monday. The card is expected to be issued sometime later this year."This ... http://onlinecons.com/citi-wins-ok-for-chinese-credit-card/ 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://onlinecons.com/europe-leaders-maintain-pressure-on-greece-to-complete-deal-bloomberg/ What Would Jesus ... Deduct?President Obama offered a new line of reasoning for hiking taxes on the rich on Thursday, saying at the National Prayer Breakfast that his policy proposals are shaped by his religious beliefs.Obama said that as a person who has been "extraordinarily blessed," he is ... http://onlinecons.com/obama-jesus-would-back-my-tax-the-rich-policy/ Federal Reserve Bank of Chicago President Charles Evans said the central bank needs a clear low- rate commitment or a third round of purchases of Treasuries and mortgage bonds to further stimulate a still struggling economy. People outside the Fed have http://onlinecons.com/feds-evans-seeks-clearer-interest-rate-pledge-or-ambitious-asset-buys-bloomberg/ American Airlines' parent is meeting with its unions this week to lay out cost cuts it wants to implement as part of its bankruptcy reorganization -- moves that could cost many of the company's 81,000 workers their jobs and a portion of their pension benefits.AMR Corp. said at ... http://onlinecons.com/american-airlines-to-lay-out-cuts-to-unions/ Iran's state TV is reporting the country has produced laser-guided artillery shells, capable of hitting moving targets with high accuracy. The Monday report quoting Defense Minister Gen. Ahmad Vahidi also says that the shell was an "intelligent" munition with the capability to identify its own targets. The report was accompanied ... http://onlinecons.com/iran-claims-it-has-produced-laser-guided-shells/ Restrained spending by consumers held growth in the U.S. economy to a 2.8% annual pace in the fourth quarter, slower than economists forecast while still the fastest pace in more than a year. Gross domestic product, the value of all goods and services produced, climbed at a 2.8 ... http://onlinecons.com/us-economy-grows-28-less-than-forecast-bloomberg/ South Africa http://onlinecons.com/south-african-dominance-on-continent-may-derail-bid-for-african-union-post-bloomberg/ An accounting error is forcing Enterprise Financial Services Corp. to slash the profits it reported for 2010 and the first nine months of last year. Earnings in 2010 may fall by as much as 55 percent from what the bank had claimed, Enterprise announced today. Profits could be cut as ... http://onlinecons.com/accounting-error-slashes-enterprise-financial-profits/ Britain http://onlinecons.com/uk-budget-deficit-narrows-more-than-forecast-as-osborne-cuts-take-effect-bloomberg/