Business – 01 January 2013

Senate approves ‘fiscal cliff’ deal, crisis eased

Written by David Lawder and Richard Cowan, Published on Reuters

The Senate moved the U.S. economy back from the edge of a “fiscal cliff” on Tuesday, voting to avoid imminent tax hikes and spending cuts in a bipartisan deal that could still face stiff challenges in the House of Representatives.

Tribune Co. exits bankruptcy

Published on News Day

Tribune Co. emerged from a Chapter 11 restructuring Monday, more than four years after the media company sought bankruptcy protection.

China Manufacturing Index Shows Third Straight Expansion

Written by Xin Zhou, Published on Bloomberg

A gauge of China’s manufacturing showed a third month of expansion, adding evidence that the recovery in the world’s second-biggest economy will extend into the new year.

U.S. Dollar Mixed After Law Makers Strike Deal On Fiscal Cliff

Published on RTT News

The U.S. dollar showed mixed trading against other major currencies on Tuesday after President Barack Obama and Senate leaders reached a deal to avert “fiscal cliff” that would have pushed the world’s biggest economy into recession.

Homeowners Bill of Rights to go into effect in 2013

Written by Andrew Edwards, Published on Daily Bulletin

California homeowners who remain on the brink of foreclosure will have a new option as they fight to keep their homes in 2013 – lawsuits.

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