BC-APFN-Business News Digest

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Business News at 10:00 p.m.

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All times EST.

Editors: The business desk will reopen Thursday at 6 a.m. This is a digest of stories moving overnight. If you have issues overnight please call 212-621-1600.



FRANKFURT, Germany — What would it cost if Greece left the euro? As European policymakers to try to get a deal to keep the country from bankruptcy, experts are crunching the numbers on the potential costs of failure. By David McHugh. UPCOMING: 850 words with photos by 3 a.m.



WASHINGTON — The U.S. Labor Department reports on the number of people who applied for unemployment benefits last week. In last Thursday's report, the number of Americans seeking unemployment benefits jumped, though it was still at relatively low levels pointing to healthy hiring. By Christopher S. Rugaber. UPCOMING: 130 words after release of report at 8:30 a.m. 350 words by 9:15 a.m.


WASHINGTON — The Conference Board releases its index of leading indicators for January. In December, the index - a gauge designed to predict the economy's future health - posted a fourth straight gain. By Martin Crutsinger. UPCOMING: 130 words after release of report at 10 a.m. 350 words by 10:45 a.m.


WASHINGTON — The Federal Reserve Bank of Philadelphia releases its February report on manufacturing in the Philadelphia region. In January, its index of regional factory activity slipped but remained at a healthy level, evidence that U.S. manufacturing output is holding up despite signs of a global slowdown. By Josh Boak. UPCOMING: 130 words after release of report at 10 a.m. 350 words by 10 a.m.


WASHINGTON — Freddie Mac reports on average U.S. mortgage rates. Last week, the nationwide average for a 30-year mortgage jumped to 3.69 percent, still near historically low levels. By Marcy Gordon. UPCOMING: 130 words after release of report at 10 a.m. 350 words by 10:45 a.m.



WASHINGTON — Government-controlled mortgage company Freddie Mac reports earnings for the fourth quarter of last year. In the July-September period, Freddie posted net income of $2.1 billion and paid a $2.8 billion dividend to the government. By Marcy Gordon. 130 words by 8:30 a.m.

Wal-Mart Stores Inc. reports quarterly financial results before the market opens.



FRANKFURT, Germany — European Central Bank publishes an account of the historic January meeting where it approved a 1.1 trillion euro stimulus. It's the first time the ECB has published minutes, a la the U.S. Fed and Bank of England. By David McHugh. UPCOMING: 130 words by 7:30 a.m., 300 words by 8 a.m.