Business and Finance news

U.S. Treasury Secretary Timothy F. Geithner said the global economic recovery is fragile and Europe

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A prominent Iranian lawmaker says Iran has the knowledge and scientific capability to produce nuclear weapons but will never do so.
Gholamreza Mesbahi Moghadam says Iran can easily produce the highly enriched uranium that is used to build atomic bombs but it is not Tehran’s policy to go that route.
Moghadam made the comment in an interview […]

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 The Federal Trade Commission announced early this morning that it has decided that Express Scripts Inc.’s $29 billion acquisition of rival Medco Health Solutions did not violate antitrust laws and will allow the deal to go through.
The decision will north St. Louis County-based Express Scripts to become the country’s large pharmacy benefit manager, which has […]

Confidence among U.S. consumers declined more than forecast in February as growing optimism about job prospects failed to ease concern wages will stagnate.
The Thomson Reuters/University of Michigan preliminary index of consumer sentiment dropped to 72.5 from 75 in January, a one-year high. The median estimate in a Bloomberg News survey called for 74.8. Another […]

Monthly U.S. exports to Europe grew in December, a hopeful sign after a steep decline the previous month. But some economists remain concerned that the region’s debt crisis will still weigh on the U.S. economy this year.
The Commerce Department said Friday that the overall trade deficit widened to $48.8 billion in December because imports grew […]

The U.K. is home to this year

Japan is poised to unveil a currency-swap line with India in its second international financial agreement with top Asian powers this week.
Finance Minister Jun Azumi told reporters today in Tokyo that Japan is negotiating an agreement with India, the third- largest economy in Asia behind China and Japan. The deal is likely to be […]

Sears Holdings says its hasn’t yet determined which 100 to 120 Kmart and Sears stores it will close after a disappointing holiday sales season.
The company, which has 4,000 stores in the U.S. and Canada, announced today that it would close this number of stores after same-store sales have dropped 5.2 percent so far this quarter.
For […]

Marcellus Shale natural gas production is expected to keep rising in 2012, yet landowners may find that signing lease deals isn’t as easy as in years past.
Though still in its early stages, industry experts say that the business of Marcellus Shale gas drilling is starting to change, as new forces emerge.
Among them: lawmakers putting regulations […]

TORONTO — Paying with plastic takes on a new meaning today as the Bank of Canada rolls out new $100 bills to replace the cotton-paper blend note.
The $100 is Canada’s first polymer bank note and features a wealth of anti-counterfeiting features such as partially-hidden numbers.
The bill also includes a large, transparent window, transparent text, a […]