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Greece arranged swap agreements with about 15 securities firms, including some payments from banks that may have helped hide the country’s true deficit, according to a person with direct knowledge of the contracts.
The swaps that allowed Greece to receive payments upfront date from before 2008, when European Union regulators changed rules to limit […]

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Stocks rallied Thursday after the European Union’s promise to help debt-ridden Greece eased worries that a default might hurt global markets.
The Dow Jones industrial average (INDU) rose 106 points, or 1%. The S&P 500 index (SPX) gained 10 points, or 1.4% and the Nasdaq composite (COMP) added 29 points, or 1.4%.
Stocks slid in the […]

The foreclosure sale of the Denver Ritz-Carlton hotel’s unsold condos and Forza athletic club space has been postponed again, according to City and County of Denver foreclosure records.
The sale has previously been scheduled for Oct. 1 and Nov. 12 of last year and, most recently, for Feb. 11, foreclosure records said. It’s now slated for […]

Bank of Japan Deputy Governor Hirohide Yamaguchi defended the central bank’s self-imposed limit on bond purchases after a lawmaker suggested it could buy more debt to fight deflation.
“This isn’t just something we uphold to keep our backyard tidy,” Yamaguchi told parliament in Tokyo today. “Should people mistakenly start to think we are financing […]

After months of speculation and hype, Apple unveiled a portable device Wednesday called the iPad that will attempt to usher in a new era of touch-screen tablet computing, filling a gap between smart phones, laptops and eBook readers.
Apple’s CEO Steve Jobs unveiled the iPad to a rapt audience, calling it "the most […]

Denver Broncos principal owner Pat Bowlen, hotel-industry leader Walter Isenberg and architect Curtis Fentress will be inducted into Denver's Tourism Industry Hall of Fame, the Visit Denver convention and visitors bureau announced Tuesday.
The hall of fame is considered the highest award for Denver’s travel industry. The trio to be inducted at a March 4 ceremony […]

Gadget lovers are waiting with bated breath for the much-anticipated unveiling of the Apple tablet, but don’t expect it to take the world by storm the way the iPod and iPhone did.
"There will be a strong interest in it, but it won’t be the wave of the future," said James Brehm, analyst at Frost […]

Confidence among U.S. consumers increased in December for the first time in three months as the pace of job cuts slowed, easing concern spending will falter.
The Reuters/University of Michigan preliminary index of consumer sentiment rose to 73.4, higher than forecast, from 67.4 in November, according to data released today. The December figure exceeds […]

A senior Federal Reserve official said on Sunday the central bank should keep alive a mortgage-backed securities buying program beyond a planned end-date to give policy-makers more flexibility as they help the economy recover from a painful recession.
“I have advocated to keep the asset purchase program open but at a very low level, and […]

Real-estate private-equity giant Lone Star Funds LS.UL is cutting some of its fees as it tries to raise $20 billion to buy pools of troubled mortgages and other kinds of distressed debt, the Wall Street Journal reported on its website on Tuesday.
Lone Star, led by John Grayken, reduced the minimum management fee it will […]