- Militants Attack Afghan Officials Mourning Slain Civilians
March 13 2012 8:01 AM
Tuesday's attack in Kandahar province came as student protesters in the eastern city of Jalalabad condemned the weekend killing of several civilians by a U.S. Army staff sergeant. The 38-year-old serviceman could face the death penalty if convicted, a top U.S. official said.
- PepsiCo Shake-Up: Ex-Exec To Run Food Unit
March 12 2012 8:28 AM
The hiring of Wal-Mart's Brian Cornell to run the Americas food unit and promotion of longtime executive John Compton to the new post of president might be seen as attempts to find a successor to Chairman and CEO Indra Nooyi, who has been mentioned in media reports as a potential candidate for World Bank president.
- China Signals Freer Yuan, More Flexible Monetary Policy
March 12 2012 7:30 AM
The closer the yuan is to an equilibrium, the bigger role market forces will play in the yuan exchange rate, PBOC Governor Zhou Xiaochuan said Monday. He said the central bank will allow and encourage market forces to play a bigger role while decreasing its intervention in the market in an orderly manner.
- Futures Signal Lower Open For US Stocks Monday
March 12 2012 6:37 AM
Investors await the Conference Board's employment trend index for February at 10 a.m. EDT, followed by the U.S. Treasury Department's budget-deficit figures for February.
- US 4Q Productivity Revised To 0.9% As Labor Costs Rise 2.8%
March 07 2012 8:57 AM
Nonfarm business productivity rose 0.9 percent in the fourth quarter, revised from the previously estimated gain of 0.7 percent, as labor costs increased 2.8 percent.
- Super Tuesday: What Do Romney's 6 Wins Mean?
March 07 2012 6:56 AM
Capping victories in five other states Tuesday, Mitt Romney won Ohio's Republican primary, narrowly beating Rick Santorum. But with the win come questions about Romney's campaign strategy and the candidate's appeal.
- Yahoo to Lay Off Thousands in Restructuring
March 06 2012 9:53 AM
The Internet company plans a major restructuring of operations that will likely include thousands of layoffs, reports said. CEO Scott Thompson could announce the changes as soon as the end of March.
- Putin Wins in Landslide, But Foes Cry Fraud
March 05 2012 10:00 AM
Vladimir Putin, now prime minister, claimed a resounding victory with 64 percent of the vote in Russia's presidential election Sunday. He'll return to a third term as president, but opponents, citing alleged evidence of fraud, denounced the vote as illegitimate and vowed to continue their protests.
- Russia to Review Case of Jailed Oil Tycoon Khodorkovsky
March 05 2012 7:57 AM
The former Yukos chief's lawyer says news that outgoing Russian President Dmitry Medvedev has told prosecutors to review the conviction may be simply a formal decision, not meaning anything, or it may be a signal from above that they have decided to close the Khodorkovsky and [Platon] Lebedev cases.
- Citi Chairman Parsons to Resign From Board
March 02 2012 4:40 PM
Citigroup Chairman Richard Parsons will resign from his post and the banking giant's board, the Wall Street Journal reported Friday. Parson, who joined the board in 1996, has reportedly told fellow directors he won't stand for re-election at Cit's annual meeting in April.
- 3 People Said to Mull US Suits Against Murdoch's News Corp
March 02 2012 3:51 PM
A top British lawyer will visit the U.S. next month to explore the possibility of suing News Corp., the American arm of Rupert Murdoch's global media empire, on behalf of three people who believe a Murdoch detective may have hacked their voice mail while they were in the United States, according to reports.
- US Futures Tick Lower Friday; Oil Price Eyed
March 02 2012 8:17 AM
Futures on the S&P 500 edged lower in light volume Friday but were still on track to close their ninth straight week of gains, the longest such run since January 2004. Investors will focus on oil prices as U.S. crude hovers near $107 a barrel a day after hitting a 10-month high above $110 on supply concerns in the Middle East.
- Euro Zone Producer Prices Up 0.7% in January
March 02 2012 7:59 AM
Producer prices in the euro zone rose by a greater-than-expected 0.7 percent in January, a result that could add to concerns that overall inflation won’t drop rapidly to the European Central Bank's target, giving the ECB less leeway to intervene to boost the region's economy.
- Red Cross Convoy Enters Homs Amid Syria Massacre Fear
March 02 2012 7:25 AM
A Red Cross aid convoy prepared to enter the shattered Baba Amro district of the city of Homs, Syria, on Friday after a government official declared the area cleansed and the opposition spoke of a massacre by President Bashar al-Assad's forces. Rebels withdrew Thursday in a key moment in the year-old uprising.
- EU Leaders Sign Pact to Speed Bailout-Fund Payments
March 02 2012 6:50 AM
Bloc leaders on Friday signed a new pact to allow for faster transfer of capital to the EU's planned permanent €500 billion ($660 billion) bailout fund and to set strict rules on member states' debt.
- Euro Zone Unemployment, Inflation Inch Up
March 01 2012 8:11 AM
Euro zone unemployment rose to 10.7 percent in January from a revised 10.6 percent in December, while the annual inflation rate edged up to 2.7 in February from 2.6 percent in January, the European Union's official statistics agency, Eurostat, reported Thursday.
- 2 US Soldiers Killed By Afghans in Kandahar
March 01 2012 7:22 AM
Two NATO soldiers -- both Americans -- were shot dead Thursday by two Afghans in Kandahar, including a man believed to be a soldier, news reports said. A local official said the two assailants were killed in retaliation by members of the NATO force in Afghanistan.
- Monkees Singer Davy Jones Dies at 66
February 29 2012 1:58 PM
An official with the Martin County, Fla., medical examiner's office confirmed that Davy Jones died Wednesday. A representative of the Monkees singer said the cause of death was a heart attack.
- James Murdoch Resigns as News Corp UK Unit's Chairman
February 29 2012 9:41 AM
Rupert Murdoch's younger son, James, is resigning as executive chairman of U.K.-based newspaper publisher News International, its parent, New York-based News Corp. announced Wednesday.
- Euro Zone Banks Lap Up €530 Bln of 3-Year ECB Loans
February 29 2012 7:04 AM
The European Central Bank on Wednesday said it distributed €530 billion in cheap, three-year loans to 800 lenders, in the central bank's latest bid to stem the euro zone financial crisis. The new loans are in addition €489 billion in similar lending that the ECB disbursed to more than 500 banks in December.