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Markets close out 2012 with a bounce ... Banks close to $10B foreclosure settlement ... Britain's EU membership revisited ... Survey measures airlines on rudeness ... News from United Press International.

Crude oil climbs

Crude oil prices topped $91 per barrel Monday in New York while U.S. budget talks continued in Washington although no deal had been reached.

Markets close out 2012 with a bounce

U.S. markets jumped Monday on encouraging news about a budget deal in Washington that would avert the so-called fiscal cliff.

Gold jumps Monday, closes year with gains

Gold and silver prices jumped in New York Monday after President Barack Obama said a settlement to avert the fiscal crisis was near.

Grain futures mixed Monday

Grain futures were mixed in the last trading session of 2012 with unresolved "fiscal cliff" talks in Washington casting a shadow over commodity markets.

Banks close to $10B foreclosure settlement

Banking regulators are close to signing a $10 billion deal with 14 banks to settle charges of foreclosure abuses, sources told The New York Times.

UPI NewsTrack Business

Stocks take 'fiscal cliff' in stride ... Tribune Co. emerges from bankruptcy ... More Canadians confident of finances ... Italy tops U.S. 2013 travel wish list ... News from United Press International.

Survey measures airlines on rudeness

A survey of flyers found American Airlines was the most-criticized U.S. airline when judging the rudeness of its employees.

Britain's EU membership revisited

Business lobbyists in Europe are proposing Britain reduce its membership status in the European Union, but keep ties to the EU under a new designation.

Tribune Co. emerges from bankruptcy

Tribune Co.'s prolonged stay in bankruptcy court is over, said officials of the multimedia company that began as a Chicago newspaper.

Goodbye logic

Lawmakers in Washington got closer to a deadline, closer to a deal and further, it would seem, from logic, reason and sanity.
ANTHONY HALL, United Press International

More Canadians confident of finances

Canadians' financial confidence is growing, with 70 percent feeling good about the year ahead, a 6 percent jump from a year ago, a poll indicates.

Italy tops U.S. 2013 travel wish list

If time and money were no object, U.S. adults would like to travel to Italy, Australia, New Zealand, Britain and France, a survey indicates.

New York City top New Year's destination

New York City topped Priceline.com's Top 50 destinations for New Year's based on thousands of hotel booking requests, officials of the travel website said.

Egypt scrambles to bolster economy

The Egyptian government said Sunday it was seeking input from the public on a new economic policy.
Toyota settles sudden acceleration suit as sales rebound

Toyota settles sudden acceleration suit as sales rebound

Poised to reclaim the No. 1 car company title from General Motors Co., Toyota has agreed to settle class-action lawsuits related to unintended acceleration claims.
AL SWANSON, UPI Auto Writer
Tax evasion in Greece big part of deficit

Tax evasion in Greece big part of deficit

Almost 50 percent of Greece's deficit in 2008 -- $37 billion -- could have been eliminated if some of the wealthiest hadn't evaded taxes, U.S. researchers say.

Spain to cut 52 percent of train routes

The Spanish government has decided to do away with medium-distance train lines and replace them with buses to save money, officials said.

UPI NewsTrack Business

Airlines: 2012 safest in nearly 50 years ... France strikes down tax hikes for rich ... Nikkei streaks, ends year at high point ... Dexia granted $118 billion bailout ... News from United Press International.

Spain $18.1 billion behind on its bills

Spain's local and national government agencies are $18.1 billion behind on paying their bills, a government report said.

Airlines: 2012 safest in nearly 50 years

Commercial flying in the United States and elsewhere in 2012 was safer than it has been in more than nearly fifty years, industry data show.

Scotland slow to spend on green cars

A spokesman for the Scottish Conservative Party called on local governments to redeploy unspent funds earmarked for green energy initiatives.

Dexia granted $118 billion bailout

The European Commission has granted struggling bank Dexia its third bailout since 2008, with plans to break the firm into two smaller companies.

Nikkei streaks, ends year at high point

A financial analyst said Japanese stocks were benefiting from the weakening yen, which pushed the Nikkei 225 above its pre-earthquake level Friday.

STX France lands $1.3B contract

The struggling STX France shipyard in Saint-Nazaire, France, said it had secured a luxury liner contract worth more than $1.3 billion.
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