World's Oldest Bank, Italy's Monte Dei Paschi, Accused Of Hiding Millions In Losses Just Before Government Bailout
Italy's Monte dei Paschi, the world's oldest bank, is accused of hiding huge losses from complex deals just before a massive government bailout.
Toyota Regains Title As World Biggest Carmaker By Sales, Beating No. 2 General Motors
Japan's No. 1 carmaker, Toyota Motor Corporation (TYO:7283), became the world's biggest carmaker in 2012 by selling more vehicles than General Motors Company (NYSE:GM).
Longshoremen's Strike At Port Of NY And NJ Could Devastate US Economy; But Can Labor And The ILA Finally Win One?
Contract talks between the longshoremen and their employers in the New York area are coming down to the wire; a strike would devastate the U.S. economy but perhaps bolster the labor movement.
Billionaire Investors Carl Icahn, Bill Ackman Slam Each Other On CNBC's 'Halftime' [VIDEO]
Billionaire investors Bill Ackman and Carl Icahn renewed their 10-year-old feud, this time on live TV.
Huntsman Advanced Materials To Cut European Payroll, $70M Benefit Cited
Chemical maker Huntsman will trim its European manufacturing payroll to make its Advanced Materials division more efficient.
German Investor Confidence Soars Unexpectedly: ZEW Survey
A widely followed survey of German investor confidence posted a two-and-a-half year high, surging unexpectedly above its long-term average.
US Oil Boom May Spell Danger For Import-Dependent China: Germany's BND Spy Agency
The U.S. crude oil production boom could mean not just the end of OPEC oil imports, but a strategic threat to China's growing economy.
Rio Tinto, Giant Mining Company With Coal, Diamonds, Uranium And Metals, Has To Decide: Minerals Or Profit Margins?
Rio Tinto Group, the mining giant that just admitted that it’s worth $14 billion less than previously stated, is at a crossroads.
GE's 4Q Earnings, Revenue Beat Wall Street Expectations On Strong Oil, Gas Equipment Sales
Strong demand for oil and gas equipment lifted GE's fourth-quarter sales and profit above analyst expectations.
Union, Wall Street Give Boeing Benefit Of The Doubt As It Struggles To Fix Lithium-ion Batteries In Its 787 Dreamliner
Boeing, struggling to fix a serious battery problem in its 787 Dreamliner, catches a p.r. break from one of its unions, as well as Wall Street.
Jobless Claims Fall To Five-Year Low; Housing Starts Surge Most Since June 2008
Housing starts in the U.S. surged last month, while jobless claims last week declined to a five-week low.
General Electric's 4Q Earnings Expected To Be Higher As Industrial Expansion Proceeds
G.E. is expected to report higher 4Q profit but flat revenue, with strong results in Asia, E. Europe and the Middle East.
Fitch Warns US That Prolonged Debt Ceiling Fights May Cost The Nation Its Top Sovereign Debt Credit Rating
The U.S. risks having a second major credit ratings agency strip it of its top rating because of debt ceiling, deficit fights.
Goldman Sachs Earnings Preview: Expected To Post Huge Gain In Fourth-Quarter, Full-Year Results On Cost Cutting, Investment Banking
Staff cuts and stronger investment banking operations are expected to boost Goldman Sachs fouth-quarter and full-year performance.
The Expansion Of The Seaway Oil Pipeline Is One Of Several Factors Ushering In An Era Of Cheaper Gasoline
U.S. drivers are entering an era of cheaper gasoline, thanks to a host of factors, including the expansion of the Seaway pipeline.
US Trade Deficit Unexpected Widened In November As Consumers Bought Cell Phones And Foreign Cars, May Signal Weak 4th Quarter GDP
U.S. consumers snapped up cell phones and foreign cars in November to widen the economy's trade deficit - a stat that could weigh on Q4 GDP.
ECB Head Draghi Sees Euro-Zone Recovery But Hedges His Bets As Bank Holds Interest Rates Steady
The ECB sees the euro zone strong enough to not need monetary help, but the bank's confidence in that outlook appears paper thin.
Bank Of America Agrees To Pay $3.6B To Fannie Mae To Settle Liabilities From Its Countrywide Financial Unit
Fannie Mae and Bank of America reached a $3.6 billion deal settling claims that arose from subprime lender Countrywide Financial.
Silver Industrial Demand To Hit Record High In 2014, According to Silver Institute Report By Thomson Reuters GFMS
Most of the demand for silver fabrication next year will come from industrial customers.
Cambodia Signs Its Biggest Construction Contract, An $11.2B Deal For A Railway, A Port And A Steel Factory
Cambodia will pay $11.2 billion for a 249-mile railway, a port and a steel factory.
Hormel Foods, Maker Of Spam And Dinty Moore Soups, Paying Unilever $700M For Skippy Peanut Butter Brand
London-based Unilever PLC is selling its Skippy peanut butter business to Hormel Foods Corp. for $700 million.
Global Stocks Surge After Fiscal Cliff Compromise Between Republicans, Democrats
From Tokyo to London to New York, stocks surged Wednesday on news of the U.S. fiscal cliff resolution between Democrats and Republicans.
Obama Expected To Sign FISA Amendments Acts Extending Warrantless Wiretapping Of Americans
The Senate passed an extension of the foreign intelligence law that permits tapping Americans' communications without authorization.
Longshoremen's Strike Of East And Gulf Coasts Averted After Container Royalty Payments Issue Resolved
An imminent dockworkers' strike of East and Gulf coast ports has been delayed for 30 days. The two sides resolved their most contentious issue.
Central Banks Accelerated Gold Buying In 2012 To Protect Against Global Economic Turmoil
Gold buying by the world's central banks accelerated in 2012, extending to four years the pattern of central banks being net gold buyers.
US East, Gulf Coasts Brace For First Dockworkers' Strike In 35 Years, Longshoremen Job Action May Halt Nearly All Ship-borne Cargo
U.S. port operators and maritime shipping companies are bracing for a longshoremen's strike of facilities from Massachusetts to Texas.
US Home Price Rally Gaining Momentum-S&P/Case Shiller Home Price Index
Home prices in the U.S. rose more than expected in the first 10 months of this year.
Gold Prices Poised To Extend Current Bull Market Run Into A 12th Year
Central bank actions top a list of factors expected to extend the current gold price bull market into a 12th year.
US Treasury To Sell All Remaining General Motors Shares, Acquired Through TARP, In 12-15 Months
The Treasury Department aims to conclude its bold, and expensive, investment in General Motors six years after it launched the rescue.
Cerberus Capital Selling Maker Of Bushmaster Assault Rifle Allegedly Used In Sandy Hook Elementary School Attack
Freedom Group, maker of the Bushmaster assault rifle believed to have been used in the Newtown attack, will be sold by Cerberus Capital.
