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Treasury Secretary Tim Geithner will hold deficit-reduction talks with congressional leaders Thursday, officials said Wednesday. Geithner will meet separately with Senate Democratic leader Harry Reid, Senate Republican leader Mitch McConnell, House Speaker John Boehner and House Democratic leader Nancy Pelosi. Geithner will “continue discussing the actions we need to take to keep our economy growing and find a balance approach to reduce our deficit,” the statement said.

A House of Representatives panel on Thursday will release a long-awaited report that will dissect the collapse of failed commodities brokerage MF Global, the committee said on Monday. The House Financial Services Committee said its Subcommittee on Oversight and Investigations will post the report online at 9:30 a.m. Thursday. MF Global, which was led by former New Jersey governor and U.S. Senate Democrat Jon Corzine, filed for bankruptcy more than one year ago and left an estimated $ 1.6 billion in customer funds missing. Since then, regulators, prosecutors and lawmakers have investigated the missing funds and the firm’s downfall, which [...]

MADRID Investors waiting for the Spanish 2013 budget announcement were kept cooling their heels on Thursday. The budget was originally expected to be released around 2 p.m. Central European Time (8 a.m. Eastern). It was expected to be released later Thursday afternoon, but no specific time was laid out by the Spanish government. Spain’s cabinet is currently meeting, and Reuters reported that the meeting was still going on, citing a government official, but there was no indication of how long that delay will last. Spanish Prime Minister Mariano Rajoy is due to hold a press conference after completion of the cabinet meeting.

Online game maker Zynga Inc. has lured away an executive from rival Electronic Arts Inc. The hiring of Barry Cottle, announced Thursday, underscores the escalating rivalry between rapidly growing Zynga and Electronic Arts, a video game stalwart. Cottle, 50, had been overseeing Electronic Arts’ …

LOS ANGELES – Japanese stocks opened softer Thursday, with gains for the yen against the euro hurting some European-exposed names, and with financials mostly lower. The Nikkei Stock Average sat down 0.4% at 8,415.94 early in the session, …

SYDNEY – Japan plans to reduce its dependency on Iranian oil amid growing global unease with the nation’s nuclear program, media reports Thursday said. “In the past five years, we have reduced… the amount of oil imported [from Iran],” Japan Finance …

Greece’s finance minister is to hold talks in Athens with the head of a global banking association that is representing private bond holders in negotiations over a critical debt reduction deal that is part of the country’s second…

Oil and natural gas prices dropped Thursday after the government said the U.S. ended 2011 with little need for more fuel. Here’s how energy contracts traded. On the New York Mercantile Exchange: Benchmark crude fell $1.41 to finish at $101.81 per barrel. Gasoline fell 4.87 …

Verizon Wireless has determined to scrap the $two payment it prepared to institute for on-line and phone solitary repayments much less than 24 hours right after a wave of backlash and criticism strike the cellular carrier.

The organization, a joint venture in between Verizon Wireless (VZ: 40.24, .19, .forty seven%) and Vodafone (VOD: 28.07, .33, one.19%), unveiled programs late Thursday to begin charging a payment for those repayments on January 15…

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