South African Miners Go On Wildcat Strike At Lonmin Mine To Protest Shooting Of Union Member Near Competitor's Mine
National Union of Mineworkers believes the strike against Lonmin is in reaction to the killing of a veteran worker from its rival union.
Chevron Responds To Legal Attacks By Washington Law Firm Patton Boggs With Allegations Of Malicious Prosecution, Fraud And Deceit
The energy giant is flexing its corporate muscle against the law firm, alleging acts of corruption, bribery and false representation.
Iranian Energy Chief Says Iran To Build Small Oil Refineries In 6 African Countries, Reportedly Algeria, Angola and South Africa
Iran's top energy official says each new refinery would have the capacity to generate 20,000 barrels per day.
Investors Say Global Crisis Revealed Euro Zone Economies Are Particularly Vulnerable To Future Downturn: Fitch Survey
A majority of investors think the region will remain vulnerable until the recovery is secured and the deficit is reduced.
China And India In Midst Of Huge Gold Rush Following Steep Price Drops In April
A growing number of buyers in China and India are jumping into the market and driving demand for jewelry, coins and bars.
US Fed And Treasury To Investigate Bloomberg News Over Possible Privacy Breach Following Revelation That Its Reporters Accessed Confidential Client Data
Bloomberg's former policy of allowing its reporters to access certain account info of its financial-analysis service clients is being reviewed.
Middle East Banks Aren't Guaranteed Recovery Of All $45 Million Of Their Missing Funds That Thieves Stole In A Global ATM Heist Exposed By US Authorities
The path to payback involves banks, processors, insurers, creditors and courts, plus contracts that don't yet cover such crimes.
Kuwait Airways Co. Plans To Order 25 New Jets From Airbus In $3 Billion Deal , Opting Against Boeing Co. Bid
The state-run airline chose Airbus over Boeing as it aims to upgrade its aging fleet.
Indian Manufacturing Sector Shows 2.5% Growth In Industrial Production, But Slow Growth Rate Alarms Officials To Spur Investment
Industrial production grew by 2.5 percent over last March, but the commerce department is concerned about the sector's volatility.
India Supreme Court Clears Way For Posco To Build $12 Billion Iron Ore Mining Plant In Odisha State, Setting Aside Lower Court's Decision
Posco, one of the world's largest steel makers, aims to produce 12 million tons of steel a year from a new plant in India.
Global Economy Not In Strong Recovery, Due To Stagnant Hiring In US, Trade Misreporting In China, And Market Levels After Inflation Adjustment
Analyses indicate the recovery is actually faltering, based on multiple economic and market variables.
Weekly First-Time Claims For Unemployment Benefits Fell Last Week To 323,000, Less Than Expected
The number of initial jobless claims fell 4,000 to 323,000, and the key four-week moving average also declined.
German Economy: Industrial Production Gains Strength During Q1 In Euro Zone's Strongest Economy, But Analysts Say It Could Be A Blip
Output in the euro zone's best performing economy ended Q1 on a high note, but the gains aren't expected to last.
Ban On 'Compelled Speech' Upheld: Federal Appeals Court Rejects Government Labor Board's Proposed Rule Obligating Companies To Post Union Rights Info In Work Areas
The court's ruling that the First Amendment gives people the right to not communicate favors private businesses, not unions.
French Recession - Europe's Second-Biggest Economy Fell Into Recession In First Quarter: Report
France's economy fell into recession in the first quarter, according to figures set to be released on Wednesday.
Caterpillar Inc. (CAT) Stock Up 9% In 3 Weeks, Expected To Continue Climbing In Q2 As Economic Recovery Gains Momentum
Analysts expect a revival for Caterpillar's products on sentiment that government stimulus will likely aid global economies in 2013.
China's Number 2 Shipping Company Orders Five Of World's Largest Box Container Vessels From Korean Shipbuilder for $700 Million
China Shipping Container Lines' 18.4K-box vessels surpass Maersk's 18K-capacity ships, but both are too big for the Panama Canal.
European Commission Scales Back Its Euro Zone, EU Outlooks, Forecasts 0.4% Contraction In Euro Zone This Year
The European Commission attempted to stress growth in its forecast, albeit in a pretty pessimistic way.
Heritage Foundation Attacks White House And Congress For Enacting Regulatory Policy That Lacks Transparency
The Heritage Foundation charges that the Obama administration's regulatory policy lacks proper oversight.
Platinum Last Year Fell Into Deficit For First Time Since 2004, Palladium's Deficit Hit 12-Year High: GFMS Platinum And Palladium Survey
South African mining strikes plus rising demand put white metals into deficit last year, according to GFMS.
Americans Highly Pessimistic About Country's Long-Term Debt, New Peter G. Peterson Foundation Fiscal Confidence Survey Shows
The poll says Americans are split along partisan lines about whether President Obama's budget represents a compromise.
Bangladesh Building Collapse: Western Clothiers Deny Responsibility For Bangladeshi Factory Tragedy But Cite Their Safety Initiatives; Cato Corp. (CATO), Benetton Group (BNGPY), Primark Stores, J.C. Penney Company, Inc. (JCP) Respond
Families and unions want answers on how much responsibility Western clothing brands have for Bangladeshi worker safety.
Beijing OKs $8 Billion Purchase Of Airbus Jets By Chinese State-Owned Airline Now That EU Has Dropped International Carbon Tax On Airlines
The deal is the biggest since a dispute over Europe's proposed carbon dioxide emissions tax was settled, at least temporarily.
Hong Kong Strike: Tycoon Hires New Workers And Returns Kwai Tsing Port To Capacity, Despite 4-Week Strike That Has Even Reached Inside Corporate Offices
Strikers vow to continue even though they have been forced to make certain concessions.
Gun Control Debate: Multiple Lenders And Investors, Including GE Capital (NYSE:GE-A), Cerberus Capital Management LP And Tiger Global Management LLC Are Backing Away From The Gun Business
GE Capital becomes the latest financial institution to back away from the gun business.
Four Warning Signs That Weak Manufacturing Numbers From The US, Germany and China Signal A Global Economic Slowdown, Say Analysts
Leading economies reported poor numbers in the same week, and economists say we could feel the impact throughout the year.
Durable Goods Orders See Biggest Decline Since August 2012 As Weak Aircraft Production Pulls Indicator Down 5.7%
The latest durable goods report signals a slowdown in the sector's growth that will extend into Q2.
The Dow Chemical Company (DOW) Earnings Preview: Analysts Expect Near 6% Boost In Profit As Dow Focuses On Core Business Areas
Analysts expect a positive quarter as Dow moves toward more specialized chemicals and fewer cyclical business lines.
The Boeing Company (BA) Earnings Preview: Analysts Expect 6% Boost In Profit Despite 3-Month Grounding Of Its Dreamliner 787 Models By FAA After Lithium Ion Battery Fires
Boeing struggled this past quarter under the dual handicaps of the 787 grounding and sequestration cuts.
FAA Clears Boeing Company (BA) Lithium Ion Battery Safety Modifications Ending 3-Month Grounding Of Dreamliner 787 Models Worldwide
Federal inspectors will closely oversee installations and tests of new battery safety features.
