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Why Spain's Bank Bailout Failed: It's Called 'Subordination'

The European Union's ?100 billion ($126 billion) bailout of Spanish banks may have, at least temporarily, saved those institutions. But the rescue is being judged a failure by the markets, as it appears to have seriously damaged the government's ability to borrow from international creditors, something a country running on deficit financing for the foreseeable future is vitally dependent on.

WWDC?s Big Miss - Where?s Apple TV?

Apple ‘iTV’ Rumors Heat Up As Foxconn Buys More Shares In Sharp [REPORT]
Now that Apple (Nasdaq: AAPL), the world's most valuable technology company, has opened its Worldwide Developers Conference with the usual product splash, what happened to Apple TV?
The AOL logo

Can Starboard Value's Effort Put AOL Online Again?

Thursday will see a showdown over the near-term future of AOL (NYSE: AOL), the No. 7 website, which in its heyday was American Online, the biggest email provider, as well as a company big enough to swallow Time Warner.
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Illinois Republican Primary Results 2012: LIVE COVERAGE

Mitt Romney - Is He Too Old To Be US President?

Mitt Romney?s experience as governor of Massachusetts helped him best a large GOP field in a wild 2012 nomination process to become the Republican Party?s presidential nominee-designate. But is he too old to serve in the most demanding elected office in the world?
Rajoy

Spain Becomes Fourth Bailed-Out Country In 17-Nation Euro Zone

Spanish officials appeared hesitant to recognize the reality of their country's situation on Saturday as the nation agreed to accept as much as ?100 billion ($125 billion) in a bailout of its cash-strapped financials sector by one or both of the euro zone's rescue funds.
Civil War In The Ivory Coast

Child Soldiers: A Plague In Africa

A Wednesday report revealed that the conflict in the Ivory Coast involves mercenaries from neighboring Liberia. The militants have abducted children, murdered civilians and raided communities in Ivorian villages.
Allies Again

Russia And China: Best Buddies Again?

Russia and China strengthen their geopolitical partnership ahead of a major meeting of Eurasia leaders. But rather than love, it may be just a marriage of convenience.
Pedestrians walk past Sweden's Riksbank building in downtown Stockholm

Euro Crisis Forcing Central Bankers Outside Euro Zone Into Uncomfortable Stances

Massive movements of capital during the latest occurrences of the European financial crisis have forced central bankers into the role of circus contortionists: bending into positions in order to maintain their stated policy targets. And their antics are not being bought by all, with some wagering that these bankers' next attempts will result in a broken back or two.
Hollande (left) and Ayrault

French Unions, Hollande Brace For Huge Wave Of Layoffs

Bernard Thibault, the secretary of the Communist-backed Confédération Générale du Travail, one of France's largest unions, warned that at least 45,000 jobs (and maybe as many as 90,000) will be jettisoned by some 46 companies.
Gold prospector

Does Friday?s Panicked Gold Rush Indicate A Gilded Rebound?

Stocks have wiped out their year-to-date gains. US payrolls are down while unemployment is up. Yields on high-demand government bonds are at record lows. Speculation abounds the US Fed might even print more money. Is it any wonder some are talking about gold?s rebound?
Assad Ahmadinejad

What Are Iranian Special Forces Doing In Syria?

Iran has finally admitted, though not officially, that its top military force is operating in Syria. But how are the elite soldiers of the Quds Force helping the Assad regime? And what will they do as the crisis develops?
Hugo Chavez

Venezuela Bans Gun Sales Amid Rise In Violent Crime

The Venezuelan government passed a new gun law that prohibits the commercial sale of firearms and ammunition, moving the country closer to President Hugo Chavez and his administration's goal of disarming all civilians as crime rates continue to rise.

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