Growing Spats Between Countries Leads To Need For More Cross-Border Lawyers
August 03 2012 11:56 PM EDT
The number of fresh arbitration cases filed with the International Center for Settlement of Investment Disputes last year reached its highest level in four decades, the ICSID said in a report last week.
Fed To Come Up With A Fresh Revival Strategy in September: Analyst Insight
August 03 2012 3:46 PM EDT
The Fed will drop its wavering plans for a fresh spate of monetary stimulus measures, according to Bernard Baumohl, chief global economist at the Economic Outlook Group.
Euro Zone Breakup Expected To Jack Up Gold Prices: Report
August 03 2012 2:22 PM EDT
The exit of one or more countries from the euro zone could drive gold prices significantly higher by the end of this year, according to a Friday Capital Economics report.
Heineken Paying $4B for Stake In Asia-Pacific Breweries
August 03 2012 10:37 AM EDT
Dutch company Heineken (PINK: HINKY) said Friday it will pay about $4.08 billion to Singapore-listed conglomerate, Fraser and Neave (SGX: F99), for its stake in Asia Pacific Breweries (SGX: A46), one of Asia's largest brewers.
Will The London 2012 Olympics Save The UK Economy?
August 03 2012 5:55 AM EDT
At a time when the U.K. is in a recession, what will the Olympics mean for the country's sagging economy? Will the event worsen the ongoing recession or help initiate economic recovery?
Crooks Cost Government Billions More In Identity Theft
August 02 2012 5:29 PM EDT
As Congress makes it easier for taxpayers to collect refunds from the Internal Revenue Services (IRS), scores of crooks have been stealing people's identities, costing the debt-ridden federal government billions of dollars.
Greeks Pack Off To Germany In Droves
August 01 2012 3:29 PM EDT
Thalia Paraskeva, 24, was getting increasingly desperate. Equipped with a degree in graphic design from Athens, she had no luck finding a job in Greece. One day, she booked a ticket to Berlin and swiftly packed some dresses, a jacket, a pair of snug boots and a Greek-German dictionary before boarding the plane.
Despite Oil Reserves And Billions In International Aid, Iraq's Economy Falters
August 01 2012 11:36 AM EDT
The financial situation in Iraq, one of the world's largest reservoirs of crude oil, has become grave.
Shocking Fraud In For-Profit Colleges: Senate Probe
July 31 2012 5:33 PM EDT
For-profit colleges, which are squandering their resources at the expense of students' outcomes, are bilking the government and the public, a two-year investigation led by Sen. Tom Harkin (D-Iowa), chairman of the U.S. Senate Committee on Health, Education, Labor and Pensions, concluded.
With Euro Zone Joblessness Sky High, Its Survival Is At Risk: Analyst
July 31 2012 1:23 PM EDT
The number of unemployed people across all 17 euro zone countries soared 11.2 percent to 17.8 million in June -- up 1 percentage point from the year before, Eurostat, the European Union's statistical agency, reported Tuesday. Euro zone unemployment among people younger than 25 rose to 22.4 percent.
Americans Earned More, Spent Less In June
July 31 2012 11:28 AM EDT
Despite rising income at the end of the second quarter, U.S. consumer spending fell in June by 0.1 percent from the month before, the Commerce Department said on Tuesday.
US Weather Woes Crimp Wheat Supply In Europe: Analyst Insight
July 30 2012 4:27 PM EDT
The wheat production downgrade, made after corn and soybean prices reached fresh, all-time highs, is a blow for global wheat suppliers, especially those in Canada and the Black Sea, which includes Russia, Kazakhstan and Ukraine, Barclays PLC said on Monday.
Chicago Bridge & Iron To Acquire The Shaw Group For $3B
July 30 2012 11:26 AM EDT
Energy infrastructure company Chicago Bridge & Iron Company NV (NYSE: CBI) will buy The Shaw Group Inc. (NYSE: SHAW), a Baton Rouge, La.-based engineering and construction firm, for about $3 billion in cash and stock, the companies said Monday.
Pfizer Earnings Preview: Profit Down On Falling Sales
July 30 2012 11:16 AM EDT
Pfizer Inc. (NYSE: PFE), the world's largest drug developer by revenue, is expected to report a decline in second-quarter profits on declining sales of its top-selling cholesterol drug Lipitor and generic competition for its glaucoma pill Zalatan.
US Retailers Dig Their Own Grave
July 29 2012 7:58 PM EDT
The hefty $7.25 billion settlement that Visa and MasterCard have agreed to, in response to a 2005 class action lawsuit over credit card swipe fees, will disadvantage retailers further and restrict consumer spending in an economy that relies heavily on credit card use and personal expenditure.
Skills Shortage And Immigration Restrictions Will Damage UK Economy, Officials Warn
July 29 2012 5:45 PM EDT
The U.K. Home Office's hard-nosed line on immigration cuts new avenues for job growth and business investments, further jeopardizing an economy that is under the sway of a double-dip recession.
Hong Kong Street Protests Against A New Chinese-Influenced Curriculum Plan Expose An Identity Crisis
July 29 2012 2:26 PM EDT
Thousands of irate protesters swarmed over Hong Kong's thoroughfares on Sunday and marched toward government headquarters to lash out against a government-proposed school curriculum plan, which they said was an attempt to indoctrinate students by lauding the feats of the Chinese Communist Party.
Why China Is Compounding The Woes Of A Sagging US Job Market
July 27 2012 1:05 PM EDT
The influx of millions of conscientious and low-cost Chinese graduates in the global job market could exacerbate the woes of a U.S. job market that is already staggering from high unemployment.
UPS, DuPont, TI - Latest To Trim Outlook After Q2 Earnings Reports
July 25 2012 7:27 PM EDT
Global economic uncertainty and the dreaded fiscal cliff have taken a toll on American consumer demand, affecting second-quarter revenues and urging companies to dim their forecasts. DuPont and Co, Texas Instruments, Inc. and United Parcel Service, Inc. are the latest to do so.
Merck Second-Quarter Earnings Preview: A Glimpse
July 25 2012 4:25 PM EDT
Based on analyst estimates, Merck & Co. will report earnings of $1.01 a share on sales of about $12.16 billion -- an increase of 0.1 percent from the year-earlier quarter. The company posts its second-quarter earnings on Friday, before the opening bell.