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Jeanne Goddard

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Eight Reasons for Financial Optimism in 2012

Throughout all the turmoil for the US economy in 2011, U.S. stocks have been surprisingly resilient. "We believe this is a testament to a combination of U.S. economic resilience, U.S. corporate financial strength and pricing power, and severe relative undervaluation of equities," said Thomas Lee, chief U.S. equity strategist with JPMorgan. Lee has compiled eight reasons why he will remain optimistic in 2012

Bank of America Drops Plan for Debit Card Fee, Other Big Banks Say No

In the biggest victory for consumers since Netflix's recent mea culpa, Bank of America said today that it was abandoning its plan to charge customers a $5 fee every time they use their debit cards. The bank relented, but only after other large banks had indicated that they would not impose similar fees.

US 'Green Economy' Now in Forefront

Saving energy has evolved from a moral calling to a financial imperative for businesses that have broadened the concept of energy efficiency to one of sustainability.

Stock Buying by Corporate Insiders Almost Tripled in Feb

Two good news stories in the financial sector caught our eye this week: Hefty stock purchases by company officers and directors is growing evidence that insiders believe their companies have the worst of the recession behind them and their stocks should rise this year, analysts said last week.

Dow Hits Five-year High on Jobs Report

The Dow Jones industrials index climbed to its highest level in nearly 5 years on Friday, after a surprise drop in the unemployment rate pointed to continued improvement in the labor market. The S&P 500 rose for a fifth straight day and was also on course to close near a 5-year high.

Billions Earned for US Treasury From AIG TARP Repayment

The controversial government bailout of the huge global insurer, AIG, during the worst days of the financial crisis in 2008, will yield billions of profit for the US treasury and taxpayer. The treasury department announced Tuesday that it will sell 234 million shares in American International Group (AIG), bringing the estimated profit on the original AIG TARP assistance to $22.7 billion.

Greek Can-do Mayor Bucks National Trend in Fixing City Finances

70-year old Thessaloniki mayor Yannis Boutaris stands apart from the political mainstream, pulling off reforms that have so far evaded the national government in its three-year-old debt crisis. In contrast to the rest of Greece, this sea-front city of one million is shrinking debt, cutting business taxes to help firms and paying city employees and contractors on time.

Barclays Boss: Sign on to New Ethics or Leave

Barclays boss Antony Jenkins has notified the bank's 140,000 employees of a new code of conduct. Even bonuses for 2012 will be assessed against the new Purpose and Values criteria.

Great Jobs: One-man Bank Keeps German Village Humming

By big city standards, Peter Breiter, 41, is an unusual banker. He left a bigger bank, where it was all sell, sell, sell, to settle in the tiny southern German village of Gammesfeld and write transaction slips by hand for its 500 inhabitants.

Bank of America To Pay Record $16.65 Billion Fine

The Justice Department announced today that Bank of America will pay a record $16.65 billion fine to settle allegations that it knowingly sold toxic mortgages to investors. $7 billion of it will go to consumers faced with financial hardship.

Alone on Valentines Day? Watch One of These 13 Best Romantic Comedies

All my favorite romantic comedy films have two things in common, a happy ending and encouragement for those of us who may find it difficult to figure out who really is their proper soul mate. Here are 13 films that inspire us to find -- or appreciate -- our true love.