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U.S. and Global Economies

Vacation Is Over, Euro Zone Crisis In 2012 Back: Roubini

Vacation is over and the euro zone crisis in 2012 is back as fundamental realities of high debt and low growth set in again, said economist Nouriel Roubini of Roubini Global Economics in a recent commentary amid rising yields for Spanish and Italian sovereign debt.
Saajid Badat

Shoe Bomber's Prison Sentence Cut For Informing

The prison sentence of would-be shoe bomber Saajid Badat was reduced by two years after he agreed to testify against Adis Medunjanin, one of the men who planned on bombing the New York City subway in 2009.
Carlyle Group co-founder and Managing Director David Rubenstein

Carlyle Group Puts $7B Price Tag on Itself, Less Than Expected

Closely-held private equity giant The Carlyle Group will be putting a valuing itself somewhere in the vicinity of $7 billion during an upcoming initial public offering, the Wall Street Journal reported late Sunday, a conservative assesment that takes into account some very recent developments in the private equity and IPO worlds.
Citigroup

Citigroup Narrowly Misses Analyst Earnings Expectations

Citigroup Inc. (NYSE: C) kicked off Monday morning by announcing underwhelming first-quarter earnings that narrowly missed analyst expectations on both profit and revenue. The New York-based banking giant reported earnings of $2.93 billion, or 95 cents per share on revenues of $19.41 billion. Earnings a year ago had been reported as $3 billion, or $1 a share, on revenues of $19.73 billion. Analysts had expected earnings to be flat from year-ago results.
Chinese Premier Wen Jiabao

Wen Jiabao Again Warns Of Threat Posed By Corruption

As China continues to struggle through a major political scandal which has led to the purge of Bo Xilai, formerly one of the country's most visible and respected leaders, Premier Wen Jiabao used the opportunity to warn against corrupt behavior within the Chinese government.

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