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Greece, creditors report progress in debt talks

Filed under: Business News | January 28th, 2012

Greece and its creditors reported progress on a major debt writedown deal after fresh talks on Friday, as Athens seeks to escape a looming default and stem further turmoil in the eurozone. … Read more »

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Global Markets: Stocks dip as US GDP falls short, euro rises

Filed under: Business News | January 28th, 2012

NEW YORK  - World stocks fell on Friday on news the U.S. economy grew more slowly than expected in the last quarter of 2011, while the euro rose on hopes of an imminent deal on Greece’s debt that could help avert a disorderly default. … Read entire article »

Davos elite grapple with surge of resentment against the richest 1%

Filed under: Business News | January 28th, 2012

DAVOS, Switzerland - Under-fire businessmen are falling over themselves in Davos to show how sharing and caring they really are as they try to repair the tarnished image of the privileged ’1 percent’ but their detractors remain unconvinced. … Read entire article »

Fitch cuts rating of five eurozone countries

Filed under: Business News | January 28th, 2012

WASHINGTON - Rating agency Fitch on Friday downgraded five eurozone countries, including Italy and Spain, citing their vulnerability to sharp turns in market sentiment amid Europe’s debt crisis. … Read entire article »

Facebook readying docs for IPO filing, the Wall Street Journal reports

Filed under: Business News | January 28th, 2012

Facebook plans to file documents as early as Wednesday for a highly anticipated IPO that will value the world’s largest social network at between $75 billion and $100 billion, the Wall Street Journal cited unidentified sources as saying on Friday. … Read entire article »

Basketball: Barcelona, CSKA reach knockout stage

Filed under: Sports News | January 28th, 2012

BELGRADE—Former Euroleague winners Barcelona and CSKA Moscow reached the knockout stage of Europe’s premier club basketball competition with emphatic wins over their rivals. … Read entire article »

NBA: Raptors’ top scorer Bargnani out indefinitely with injury

Filed under: Sports News | January 28th, 2012

The Toronto Raptors will be without leading scorer Andrea Bargnani indefinitely after the Italian center reinjured his strained left calf, the NBA team said on Friday. … Read entire article »

‘Suntok sa Buwan’ shows boxers beyond the ring

Filed under: Lifestyle | January 28th, 2012

When a boy with everything to lose faces a man with nothing to lose in the ring, who will win the fight? This question is answered in the end, but it didn’t matter as much as everything in between. What made the film special, apart from its quietness, is the honesty in the small scenes. … Read entire article »

Deaths rise in Syria as U.N. weighs draft resolution

Filed under: World News | January 28th, 2012

Forces kill 60 people in Syria, an opposition group said, as the U.N. Security Council considers a draft that would call on Bashar al-Assad to resign. … Read entire article »

Draft resolution calls for al-Assad to quit

Filed under: World News | January 28th, 2012

The U.N. Security Council discussed Friday a resolution that calls on Syrian President Bashar al-Assad to step down and transfer power to his vice president. … Read entire article »