Cyprus' Pitch To Troika Rejected, Monday Is Deadline To Accept Loan Terms Or Have Emergency Funds Cut Off; Russia Cool To Helping Nicosia; Island's Bank Closure Extended To Tuesday
Cyprus is fast exhausting options to avoid financial ruin as Brussels and Moscow watch it rush to the precipice.
US To Produce More Crude Oil In 2013 Than It Imports: Department Of Energy's Energy Information Administration; Anadarko Petroleum Strikes Oil In Gulf Of Mexico
U.S. crude oil production is on track to exceed imports this year. Anadarko Petroleum is showing why.
French Police Raid Home Of Christine Lagarde, Head of International Monetary Fund, In Embezzlement Probe That Allegedly Involves Sarkozy Supporter Bernard Tapie
Lagarde is suspected of being complicit in embezzling public funds on behalf of a supporter of former President Sarkozy.
Cyprus Finance Minister Michael Sarris In Moscow Pleading For Rescue; EU, IMF, ECB Talking With Cyprus About Revised Bailout Proposal
Cyprus is in intense negotiations with Russian and European Union leaders for help to avoid a financial collapse.
Cyprus Rejects Troika's Demand For Levies On Bank Deposits As Condition For Bailout, ECB Vows Support For Cyprus
Where the island nation heads now -- seek easier terms from lenders or default on its sovereign debt - is unclear.
Cyprus Parliament Delays Vote On Seizing Citizens' Bank Deposits; Ruling Party Members To Abstain From Vote; Rumors Of Finance Minister Sarris Resigning Swirl
Unless terms for financially rescuing Cyprus are eased, it may be forced to exit the euro zone.
Irish Airline Ryanair Orders 175 Boeing 737-800s, Listed At $15.6 Billion
Europe's dominant discount airline ordered 175 Boeing 737-800 jets, and aims to nearly double its fleet by 2018.
Could A Bank Run In Tiny Cyprus Spread To Italy Or Spain And Then Across Europe Before Finally Hitting American Pocketbooks?
Cyprus' financial woes are haunting Europe and have a global impact. The question now is how serious this may become.
Cyprus Backpedals From Plan To Expropriate Bank Depositors' Money In Exchange For Financial Bailout By ECB, IMF and European Commission: Report
The euro zone bailout of Cyprus is threatening the stability of the monetary union.
Obama To Call On Congress To Approve A $2 Billion 'Energy Security Trust' to Promote Alternative Transportation Fuels In Speech At Argonne National Laboratory Outside Chicago
The president wants Congress to authorize $2 billion to develop alternative fuels.
US Stocks Keep Climbing: Dow Jones Industrial Average Books 10th Straight Daily Gain; S&P 500 Nears Record High
Strong economic reports plus money from institutional investors continue to propel U.S. equities higher and higher.
Italy's ENI Energy Company Selling Stake In Mozambique Shale Gas Prospect To China's CNPC
China is spending $4.2 billion for a natural gas asset in Mozambique to feed its growing economy.
President Obama's Popularity Sinking As Public Increasingly Doubts His Handling Of Economy, Public Approval Rating Falls To 50%
President Obama's huge popularity shortly after his re-election is evaporating over his handling of the economy.
US Consumer Spending Increases At Its Slowest Rate In 12 Months: Analysis
U.S. retail dollar volume growth fell significantly in February to 2.5% compared to January’s growth of 5.7%.
S&P 500 Notches Seventh Straight Record High Closing As Bull Market Rolls On
U.S. stocks had another strong trading day Monday as investors ignored weak data from Europe and China to lift the blue-chip index.
Analysis: What Will It Take To Restore Venezuela's Once Mighty Oil And Gas Business?
With Chavez no longer running Venezuela, its once-mighty petroleum industry could be restored -- but only slowly.
Italy's Silvio Berlusconi Sentenced To Prison For Making Public A Confidential Telephone Call, Appeal Is Expected As Media Mogul Awaits Two More Trials
Italy's former prime minister Silvio Berlusconi was sentenced to a year in prison on charges stemming from a 2005 illegal wiretap case.
Optimistic Investors Lift Dow Jones Industrial Average To Record-High Close, S&P 500 Hits Five-Year High; Bull Market Now In Its Fifth Year
Dow Jones Industrial Average has shattered its old record, burying the legacy of the Great Recession.
Dow Jones Industrial Average Index Of Stocks Sets Record High On Word Of China's Big Spending Plans, Fed's Loose Monetary Policy
The benchmark Dow Jones Industrial Average stock index set a record high Tuesday, pushing through the 14,164 level reached in Oct. 2007.
Potential Surge Of US LNG Exports From Shale Natural Gas Boom Splits Corporate America; One Side Gets Allied With Environmentalists
The U.S. natural-gas production boom has cut a chasm down the middle of corporate America over exports of liquefied natural gas, or LNG.
India Proposed Budget, Submitted by Finance Minister P. Chidambaram, To Spur Growth, Tame Inflation, Cut The Deficit
The one-year tax is one of the ways India aims to cut inflation, reduce the deficit and improve its credit rating.
Italian Elections Hammer Stocks, Bonds On Fears Of Policy Gridlock In Europe's Third-Largest Economy
Italy's post-election questions: What happens to Mario Monti's reforms? Will the ECB help cap rising Italian bond rates?
Gold Prices Rise For Second Day On Bullion Bargain Hunting By Asian Buyers, Breaks Through $1,600 In Midday Trading
A number of factors combined to lift the yellow metal for the second day in a row as Asian buyers rushed in to buy bullion.
Most Accurate Forecasters Of US Economy Are Outside US, And The Best Is A Frenchman Who Works For Market Securities - Kyte Group, Bloomberg News Says
The world's most accurate forecaster of the U.S. economy is a 26-year-old Frenchman who has never been to the U.S.
Damascus Hit By Mortar Shells And A Car Bomb That Exploded Near The Russian Embassy As Rebel Offensive Intensifies
Damascus is sinking into a state of siege as the rebel offensive intensifies.
US Labor Department Statistics Vindicate Titan CEO's Criticism Of French Workers
It looks like the head of Titan International has a point when he says French workers don't produce enough.
Office Depot Buying OfficeMax In All-Stock Deal Worth About $1.19 Billion
Office Depot will buy OfficeMax to create a company that can compete with Staples.
Gold Price Falls Into 'Death Cross' Signaling It Has Further To Fall
Gold has fallen into a price trap known as a "death cross." It may be a while before it starts rising again.
Dell's Fourth-Quarter Profit Plunges 31 Percent On Big Drop In PC, Mobility Segment Sales; But It Beats Estimates
Dell's enterprise business held up and partially offset plunging PC and mobility revenue in the fourth quarter.
Longshoremen Talks With Port Terminal Operators And Ocean Carriers Over Work Rules At Port Of New York And New Jersey Nearing Critical Deadline
Optimism is fading that a strike by New York and New Jersey longshoremen can be avoided. Here's why.
