- Growing Spats Between Countries Leads To Need For More Cross-Border Lawyers
August 03 2012 11:56 PM
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.