Business – 31 December 2012

On the Fiscal Cliff, Republicans Are Blowing a Great Deal

Written by Joshua Green, Published on Business Week

On Sunday evening, after a long, fruitless day of haggling, talks between Harry Reid and Mitch McConnell to avert the fiscal cliff broke down and the Senate adjourned until Monday.

Tribune to emerge from bankruptcy

Published on FT.com

US media group Tribune, owner of the Los Angeles Times and the Chicago Tribune, is to emerge from bankruptcy on Monday, ending four years of Chapter 11 reorganisation.

Crude Futures Set for Annual Drop in New York

Written by Jake Rudnitsky & Ramsey Al-Rikabi, Published on Bloomberg

Oil headed for its first annual decline since 2008 in New York as U.S. lawmakers sought an agreement on averting automatic tax increases and spending cuts that threaten the economy of the world’s largest crude consumer.

Carlyle, Others to Acquire Duff

Written by ANUPREETA DAS and RYAN DEZEMBER, Published on WSJ

Investment-banking and valuation-advisory firm Duff & Phelps Corp. DUF +1.87% said it agreed to be acquired for about $665.5 million by a group that includes private-equity firm Carlyle Group CG -1.30% LP.

China stocks rebound as data improves

Written by Charles Riley, Pubilshed on CNN Money

For much of 2012, the Shanghai Composite was one of the world’s worst-performing indices, seemingly destined to end the year in negative territory.

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