Articles by Joseph Lazzaro
- 11 Euro States Back Financial Transaction Tax
October 09 2012 12:59 PM
Eleven euro zone countries agreed on Tuesday to press ahead with a disputed tax on financial transactions designed to help pay for the cost of fixing a crisis that has rocked the single currency area.
- Merkel Arrives In Greece Amid Protestors
October 09 2012 8:58 AM
Germany's Angela Merkel arrived inGreece on her first visit since Europe's debt crisis erupted here three years ago, braving protests to deliver a message of support - but no new money - to a nation hammered by recession and fighting to stay in the euro.
- Marathon Petro Buys BP Texas City Refinery For $2.5B
October 08 2012 2:26 PM
Marathon Petroleum Corp (MPC.N) struck a deal to buy BP Plc's (BP.L) Texas City refinery and related infrastructure for up to $2.5 billion, a purchase that will make Marathon the fourth-largest U.S. refiner and give it a bigger potential slice of the market for refined product exports.
- UK, Japan Scientists Win Nobel For Stem Cell Work
October 08 2012 10:23 AM
Scientists from Britain and Japan shared a Nobel Prize on Monday for the discovery that adult cells can be transformed back into embryo-like stem cells that may one day regrow tissue in damaged brains, hearts or other organs.
- 2012 Presidential Election: Obama Still Leads
October 07 2012 7:23 PM
The 2012 U.S. presidential race roughly one month before Election Day remains where it was on Memorial Day: advantage Obama.
- Remembering Steve Jobs (1955-2011)
October 05 2012 10:20 PM
Apple co-founder Steve Jobs' inventions have shaped how we live, work, and play. He may have been the greatest inventor of the Information Age.
- Obama Lead Over Romney Slips To 2 Points: Poll
October 05 2012 3:27 PM
President Barack Obama's lead over Republican challenger Mitt Romney has narrowed to just 2 percentage points since Romney's strong performance in their first debate, a new poll indicated.
- Merkel To Visit Greece Next Week
October 05 2012 11:03 AM
German Chancellor Angela Merkel will make her first visit to Greece next week since the euro zone debt crisis erupted, in a show of support for Athens after it said it will run out of money at the end of November without fresh international aid.
- Lehman Brokerage, Europe Unit, Settle $38B In Claims
October 05 2012 9:29 AM
The U.S. brokerage unit and a European unit of the former Lehman Brothers Holdings Inc. said they settled a dispute over $38 billion in claims over client and creditor assets, a major step toward allowing customers and creditors to recover money.
- US Presidential Debate 'Live Blog' Starts 7:30 PM EDT
October 03 2012 11:01 AM
Look for Live Debate coverage here at the International Business Times beginning at 7:30 p.m. EDT.
- France Prosecutor Drops Strauss-Kahn Rape Probe
October 02 2012 9:19 AM
A French prosecutor has dropped an investigation into former International Monetary Fund Chief Domique Strauss-Kahn's alleged connection to a possible gang rape in Washington, CNN reported Tuesday.
- Fed's Bernanke Rigorously Defends QE3
October 01 2012 3:29 PM
U.S. Federal Reserve Chairman Ben Bernanke Monday robustly defended the bank's unconventional program to stimulate the U.S. economy, quantitative easing.
- White House Says It Thwarted Cyberattack
October 01 2012 1:55 PM
The Obama administration confirmed an attempted cyber attack on its computer system, but said it thwarted the attack, according to a published report.
- Russia Bans Controversial Anti-Islam Video
October 01 2012 1:12 PM
A Russian court paved the way for a potential closure of video-sharing website YouTube by banning an anti-Islam video on Monday that sparked violent protests across the Muslim world.
- US Consumer Sentiment Rises To 4-Month High
September 28 2012 10:15 AM
U.S. consumer sentiment rose to its highest level in four months in September as Americans saw better prospects for the job market and economy, a survey released on Friday showed.
- Bank Of America Settles Shareholder Suit For $2.43B
September 28 2012 9:15 AM
Bank of America (BAC.N) said it will pay $2.43 billion to settle a class action lawsuit with investors who held its securities at the time the company announced plans to acquire Merrill Lynch.
- EU Want $12B/Yr Trade Sanction On US For Boeing
September 27 2012 9:27 AM
The European Union asked the World Trade Organization on Thursday for the right to impose annual trade sanctions worth up to $12 billion on the United States in retaliation for illegal subsidies to plane maker Boeing (NYSE: BA.N).
- Romney, Ryan Face Tough Road In Ohio
September 26 2012 7:35 AM
Facing a tough path to victory if they cannot win Ohio, Republicans Mitt Romney and Paul Ryan launched a two-day bus tour on Tuesday to try to boost their fortunes in a state that polls show could be slipping away from them.
- US Mortgage Applications Rose In Latest Week
September 26 2012 7:30 AM
Applications for U.S. home mortgages rose last week as interest rates dropped to record lows in the wake of the Federal Reserve's latest stimulus efforts, data from an industry group showed on Wednesday.
- Lehman To Pay Creditors Another $10.5 Billion
September 25 2012 1:32 PM
Lehman Brothers Holdings Inc on Tuesday said it will pay about $10.5 billion to creditors starting early next month, the second leg of a plan to eventually pay out more than $65 billion.