Business and Finance news
July 17, 2011
The apologies keep coming from Rupert Murdoch, who has taken out a second newspaper ad promising that his News Corp. will make amends for the phone hacking scandal shaking his global media empire.
The ad in several British Sunday newspapers says News Corp. will assist the police investigation and there will be “be no place to […]
July 12, 2011
Italian Premier Silvio Berlusconi says the government will bring forward the timetable it has for a raft of austerity measures, designed to prevent the eurozone’s third biggest economy from getting embroiled in a debt crisis that has already seen three countries get bailouts.
Berlusconi said in a statement Tuesday that the recent turmoil in financial markets, […]
June 17, 2011
Germany calmed fears that it wanted to force losses on Greece’s private creditors, agreeing on Friday with France that any private sector involvement should be voluntary as part of a new rescue plan European countries are preparing.
Chancellor Angela Merkel and French President Nicolas Sarkozy said they had reached common ground on the delicate topic of […]
online, technology - Comments closed
June 9, 2011
French Finance Minister Christine Lagarde said Thursday she is “very positive” after talks with Chinese officials about her candidacy to head the International Monetary Fund and said Beijing’s stake in the body should increase.
Lagarde is on a global tour to promote her candidacy to succeed Dominique Strauss-Kahn, who quit after he was charged with sexually […]
May 30, 2011
Premier Silvio Berlusconi suffered a heavy blow after two days of local polling across Italy, losing his stronghold Milan and the southern city of Naples, projections and partial returns showed Monday.
The defeat further weakens Berlusconi, already hit by sex scandals and falling approval ratings, and will likely deepen rifts with government ally, the Northern League, […]
online, real estate - Comments closed
May 22, 2011
The operator of China’s giant Three Gorges Dam plans to overhaul its finances after the government made a suprising admission last week that the world’s largest hydroelectric project has urgent environmental, geologic and economic problems.
The China Three Gorges Corp. said a government audit found 31 problems related to financial management, investment, bidding and other issues, […]
May 8, 2011
American companies are on a hiring spree.
Businesses delivered a jolt of strength to the economy by generating 268,000 jobs in April, the biggest monthly total in more than five years. The gains were solid across an array of industries, even beleaguered construction.
It was the third month in a row of at least 200,000 new jobs. […]
management, online - Comments closed
April 10, 2011
Referendum results show voters in Iceland have rejected a government-approved deal to repay Britain and the Netherlands $5 billion for their citizens’ deposits in the failed online bank Icesave.
Final results from five of six constituencies on Sunday showed the “no” side taking just under 60 percent of the votes.
Prime Minister Johanna Sigurdardottir said the results […]
March 21, 2011
Oil prices ticked lower Friday after Libya declared a cease-fire following a United Nations’ vote for a no-fly zone over the nation.
The U.N. late Thursday voted 10-0, with 5 abstentions, to impose a no-fly zone over Libya in an effort to protect civilians in the battle between rebels and forces loyal to leader Moammar […]