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A sculpture showing the Euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

Europe Central Banks Keep Rates Steady, Eye Inflation

Two of Europe's main central banks announced Thursday they would be keeping their benchmark interbank lending rates unchanged, in an expected move that analysts see as an acknowledgement of creeping inflation and policy exhaustion.

Top After Market NYSE Movers (FTK, CCI, CYH, EP, GCA, HOV, HRB, JNY, AIG, SPF, NNN, TXI)

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The top aftermarket NYSE gainers Wednesday were: Flotek Industries, Crown Castle International Corp, Community Health Systems, El Paso Corp, Global Cash Access Holdings and Hovnanian Enterprises. The top aftermarket NYSE losers were: H&R Block, Jones Group, American International Group, Standard Pacific Corp, National Retail Properties and Texas Industries.
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Stella McCartney F/W 2012-2013

Stella McCartney weds country girl to urban chic

Stella McCartney sent models down the runway in sporty but sophisticated school girl outfits on Monday, as cutesy collars and flouncy skirts found an anchor in classic English tailoring and rich country tweeds.
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Euro zone retail sales post surprise rise

Euro zone shoppers increased spending in January, a surprise after four months of falls but economists said a quarterly reading that smoothes over the data still showed a large decline.
Mumbai Railway Station

Budget 2012-13: Expectations and Exigencies

The Union budget has always provided major policy direction which has been anxiously awaited by the common man and the industry. But over the years, the tax system has become more crystallised and yet expectations have not ceased. Check out expectations of Budget 2012-13.

Can Auto Subsidy Boost Japan’s GDP?

The reintroduction of the government subsidy in Japan on fuel-efficient vehicles, which propelled a big increase in retail spending and industrial production in January, will generate negligible benefit to the economy of the country, according to a report.
ONGC

India Should Hold Its Nerve on Stock Auctions

New initiatives don't always succeed first time. The government's auction of 5 percent of Oil and Natural Gas Corp, the energy group, could have flopped had it not been for last-minute intervention from state-owned Life Insurance Company of India. But if Delhi learns the right lessons, the auction route could yet be an effective way of selling stakes in state-run firms.
An interior of Big Lots store

Big Lots 4Q up 4.2%, but Full Year is Down

Big Lots (NYSE: BIG) reported on Friday a 4.2 percent increase in its fiscal fourth quarter profits, beating analysts' expectations through high demand for its discounted products.

Apple Foxconn Factory Conditions: Product Prices Expected to Rise with Worker Wages

Apple is currently auditing the Foxconn factories in China which manufacture many of its products like the iPhone, following a spate of bad publicity over working conditions there. As demand for higher wages and increased safety regulations at the factories goes up, so will the price of Apple's products, some industry analysts are saying.
A man walks past the Kodak World Headquarters sign in Rochester, New York

Kodak Sells Online Business to Shutterfly, Patent Sale Pending

Eastman Kodak Co has agreed to sell its online photo services business to Shutterfly Inc for $23.8 million, kicking off the bankrupt photography pioneer's relaunch as a much slimmer company although a patent sale seen crucial to its turnaround may still be months away.
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Retail investors jump back into stocks in February

Individual investors moved back into the markets in February to take advantage of rising stock prices as the economic recovery gained steam and risk aversion eased, said the head of one of the top U.S. discount brokers.
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Weather helps store sales; even laggard Gap gains

Mild weather helped spur consumers to buy spring clothing in February, leading to broad sales gains at top U.S. chains, and even perennial laggard Gap Inc posted its first increase in eight months.
U.S. Federal Reserve

Bernanke: Progress Lowering Unemployment Could Fade

The U.S. economy would have to strengthen to ensure that the unacceptably high jobless rate keeps dropping, Federal Reserve Chairman Ben Bernanke said on Wednesday, suggesting the option of further Fed bond buying remains on the table.

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