Independent US Business Confidence Sputters On Future Concern: NFIB
Small business owners were less optimistic in March than in recent months about the U.S. economy's direction, according to a new study.
GE Paying $3.3 Billion For Lufkin Industries, Oil Service Vendor, Extending Its Move Into Oil And Gas Business
With the purchase of Lufkin, GE has expanded its investments in the upstream oil and gas business.
North Korea To Pull 55,000 People From Kaesong Industrial Complex, Run Jointly With South Korea
Another week, another threatening move: North Korea announces a provocative act du jour.
US Employers Created A Mere 88,000 Non-farm Payroll Jobs In March, Far Fewer Than Expected, On Weakness In Manufacturing And Retail, According To The Bureau Of Labor Statistics
The unexpectedly weak March jobs report hammered the markets, but economists cautioned against overreacting.
World's Richest Countries Suffered Slight Economic Contraction In 4Q 2012: OECD
Shrinking inventories in rich countries caused their economies to contract in the fourth quarter of 2012.
Bank Of Japan, With New Leader Haruhiko Kuroda, Launches Huge Monetary Stimulus Program To Lift Economy Out Of 15 Years Of Deflation
The scope of the Bank of Japan's new monetary easing program stunned markets, surprised analysts and fired up the nation's stock market.
Verizon Communications' Denial Of Intent To Bid For Vodafone Hammers Shares, Which Spiked On Report That Verizon Might Join AT&T In A $245 Billion Bid For Vodafone
Verizon's quest to buy Vodafone's stake in Verizon Wireless is back to Square One.
Dennis Lockhart, President Of Federal Reserve Bank Of Atlanta, Suggests QE Could Begin To Taper Off This Year
If unemployment data continues to improve, the head of the Atlanta Fed said he may support cutting back on quantitative easing.
Vodafone May Be Bought In A Joint AT&T-Verizon Communications Deal Worth $245 Billion, Making It The Largest M&A Deal In History
If the deal goes through, it will be the largest corporate acquisition in history.
Cypriot Finance Minister Michael Sarris Resigns
Sarris was instrumental in negotiating with the so-called troika, the International Monetary Fund, ECB and the EU.
All Nippon Airways To Retrain Pilots On 787 Dreamliner, Beginning This Month; Airline Expects Cargo Flights To Resume In June: Report
The airline’s decision reflects its expectation of regulatory approvals for Boeing’s new lithium-ion battery, which it will install on all 787s.
Europe's Recession Strangling Manufacturing, Which Fell In March To A Three-Month Low, And Worsening Unemployment, Up To 12%, Highest Level Since Record-Keeping Began
Particularly troublesome in March was manufacturing in Germany. And how bad is youth unemployment in Greece?
Hess Selling Russian Unit, Samara-Nafta, To Kremlin-controlled Lukoil For $2.05 Billion; Total Hess Divestitures So Far This Year Now $3.4 Billion
The value of assets Hess Corp. has divested so far this year has now climbed to $3.4 billion.
French President Francois Hollande To Tax At 75 Percent Annual Pay Greater Than €1 Million
France, with a 10.6 percent jobless rate, aims to hike company taxes on high salaries by as much as 50 percent.
S&P 500, Dow Jones Industrial Average Stock Indexes Close At Record High, Market's Recovery From Great Recession Lows Now At 131%
Investors focused on the orderly reopening of Cypriot banks and a positive revision to the fourth-quarter U.S. GDP statistic.
US Economy Grew At 0.4 percent In 4Q Of 2012, The Second Upward Revision To The Commerce Department's Fourth-Quarter Estimate GDP Growth
The revised 0.4 percent fourth-quarter growth stat suggests that the U.S. economy is less likely to tip into a recession.
Cyprus To Become First EU Country To Set Capital Controls, Banks To Reopen Thursday
For the first time in the history of the euro zone, a member nation, Cyprus, is instituting capital controls.
British Banks Must Raise $38 Billion In Additional Capital By Year-end, Bank Of England Says
British banks have about nine months to raise about $38 billion in Tier 1 capital.
Mumbai-Based Search Engine Just Dial Ltd. Aims To Launch Initial Public Offering In India
The search engine, which could have an IPO in the next 20 days, draws from a national database of local businesses, services and product.
JPMorgan Chase Now Being Investigated By Eight Federal Agencies, One Case Concerns Whether The Bank Fully Alerted Authorities To Suspicious Madoff Trades
Relations between the nation's largest bank and Washington are deteriorating. Just count the number of investigations.
DuPont Agrees To Pay Monsanto $1.75 Billion To Settle Their Patent Dispute Over Monsanto's Roundup Line Of Genetically Modified Seed Technology
The agreement settles DuPont's long-running patent dispute over Monsanto's line of genetically modified seed products.
Warren Buffett, Through His Berkshire Hathaway Company, To Become Major Goldman Sachs Shareholder By Swapping Warrants For Shares
Warren Buffett becomes a top shareholder of New York's Goldman Sachs investment bank.
Tax Rates On Individual Workers' Pay In OECD Member Nations Rose In 2012, Led By Netherlands, Poland, the Slovak Republic, Spain And Australia
In case someone was visiting another planet the last two years, taxes on Earth are up, according to the OECD.
Five Ways The Euro Zone Has Changed Since The EU, IMF And ECB, Known As The Troika, Financially Rescued Cyprus
As the dust from the Cyprus financial rescue settles, an altered landscape is emerging.
Bernanke Defends Federal Reserve's Loose Money Policy, Known As Quantitative Easing, Denying It Leads To A Currency War; Says Emerging Markets' Currencies Are Not Being Hurt
Ben Bernanke dismissed worries that the Federal Reserve’s money printing is raising the likelihood of a global currency war.
Cyprus Reaches Deal With ECB, EU, IMF On Loan Terms To Avoid Financial Ruin; Wealthy Bank Depositors To Lose Big Chunk Of Their Wealth
Just hours away from financial ruin, one of the tiniest countries in the euro zone agreed to severe terms for a financial rescue.
Cyprus Parliament Struggles To Raise Money To Qualify For Bailout By IMF, EU And ECB, Known As 'Troika;' Bank Laiki Set For Restructuring
The world watched Saturday as Cyprus struggled to repair years of financial mismanagement.
Cyprus Accepts Harsh Terms For Financial Rescue By International Monetary Fund, European Union And European Central Bank; Capital Controls Implemented
After days of talks, Cyprus realized it had no choice but to accept harsh euro-zone bailout terms, including a one-time bank-deposit levy.
Cyprus Proposes Money Raising Plan To Win Troika Financial Rescue; Russia Decides Not To Help; Markets Dismiss 'Contagion' Fears
The EU gauged Cyprus' latest plan to raise money as Russia decides not to help prevent a Cypriot meltdown.
Obama Visits Ramallah For Talks With Palestinian Authority Leaders, His Arrival Is Marked By Rocket Fire From Gaza Into Southern Israel
Attention quickly turned to rockets fired by Gaza-based Palestinian militants into southern Israel during Obama's visit.
