- Seven Dead In Mauritania Plane Crash, No Survivors
July 12 2012 2:26 PM
All seven people aboard a plane being used by Kinross Gold Corporation (NYSE: KGC) died when the aircraft crashed shortly after takeoff from an airport in the African nation of Mauritania, officials of the gold mining company said Thursday.
- United Orders Boeing Jets For $14.7B To Save On Fuel
July 12 2012 12:50 PM
United Continental Holdings Inc. (UAL) is joining hands with Boeing Co. (BA) to save on its fuel costs by replacing outdated and obsolete planes.
- As Class Gap Widens, Obama Shifts Campaign Focus To Income Inequality
July 11 2012 7:31 PM
As President Barack Obama pivots to make income inequality a focus of his campaign, income and wealth disparities are widening to alarming proportions.
- Why Have 26 Workers In Bahrain Committed Suicide This Year?
July 11 2012 4:07 PM
More than 100 Indian laborers are trapped in Bahrain over a wage dispute with Nass Corporation. Some have no money to support their families in India and no hope of escape.
- Narrower US Trade Gap Fails To Ignite Hopes Of Economic Growth
July 11 2012 11:40 AM
The increased sale of American products in Europe and China, amidst economic turmoil in both regions, does little to evoke hopes of economic growth in the U.S.
- UK Industrial Output Improves But Economy Still Weak
July 10 2012 4:10 PM
British industrial data released Tuesday, while a slight improvement over the previous month's figures, can't hide the fact that the economy is still weak, experts say.
- World's Top 3 Jet Engine Makers Exploit Booming Airline Market
July 10 2012 2:06 PM
The world's top three jet engine makers are accelerating their research and development (R&D) efforts to cash in on a booming global aviation market.
- Will Facebook's Move Into Job Search Give LinkedIn A Run For Its Money?
July 09 2012 6:49 PM
Facebook, which is expected to claim one-seventh of humanity in its grasp next month, is trying to give LinkedIn a run for its money with a proposed entry into the job-recruiting market.
- Will ObamaCare Strengthen Small Businesses?
July 09 2012 5:24 PM
Many small businesses have been paying nearly twice the amount for half the health care benefits that they are entitled to provide their employees. However, under the new health care mandate, health insurance will be more affordable for small companies.
- EU To Give Spain More Time To Lower Deficits
July 09 2012 2:45 PM
The European Commission is expected to give Spain an additional year to reach deficit-reduction goals and also to ease its debt reduction targets.
- Japan, World's Third Largest Economy, In The Stranglehold Of A Recession
July 09 2012 2:14 PM
Japan, which is still floundering from last year's earthquake-tsunami, is once again nearing a recession, economists say.
- US Small-Business Owners Go Without Pay; UK Helps Its Entrepreneurs
July 06 2012 9:48 PM
While American politicians such as U.S. Sen. Kirsten Gillibrand, D-N.Y., are pushing to expand federal tax breaks for small businesses, the U.K. government has already announced a move to help early-stage businesses find new means of financing: tax relief for private investors.
- Greek Prime Minister Pleads For More Time To Meet Bailout Terms
July 06 2012 5:20 PM
Greek Prime Minister Antonis Samaras requested on Friday that European Union (EU) and International Monetary Fund (IMF) creditors extend a ?237 billion bailout package for a grace period of two years to help the country survive its fifth year of recession.
- New Investments In Euro Funds Restricted In The US
July 06 2012 4:45 PM
Three of the world's biggest financial institutions in the U.S. are closing their European money market funds to new investments after the European Central Bank (ECB) reduced its benchmark rate to a record low of 0.75 percent and slashed deposit rates to zero on Thursday, undermining global investor confidence.
- Emerging Markets Lose Their Sparkle, IMF Says
July 06 2012 2:40 PM
Hopes that emerging markets will lead the world out of the global economic slowdown are beginning to dim. Christine Lagarde, managing director of the International Monetary Fund (IMF), voiced her concerns over the strength of the global economy, emphasizing that emerging markets, which currently account for two-thirds of global growth, were showing signs of weakening.
- Airlines Report June Rise In Passenger Traffic
July 05 2012 7:05 PM
Some airline companies appear to be faring much better in gaining passenger traffic thanks to a soaring demand for air travel and limited carrier choices -- a trend that has given U.S. airlines wide leeway to maintain overcrowded planes and shoddy customer service.
- Foreign Troubles Dim US Earnings Forecasts
July 05 2012 5:11 PM
The European summit may have increased investor confidence, but weak consumer spending across Europe, along with the rise of the dollar against the euro, is slowing down the global economy, pushing many companies to trim their earnings forecasts.
- Sugar Subsidies Face More Opposition On Capitol Hill
July 05 2012 12:24 PM
Government subsidies for sugar farmers are facing fresh opposition, despite the farmers' successful efforts to defeat a recent bid to eliminate the subsidies that opponents argue endangers public health, reduces employment and costs consumers and businesses billions of dollars.
- Italian Bond Markets Rally After EU Summit
July 03 2012 5:17 PM
The Italian bond market rallied on Tuesday as optimism among investors grew in anticipation of further growth measures from European leaders following the EU summit last week.
- After Barclays' Diamond Falls, Could Chase's Dimon Be Next?
July 03 2012 3:47 PM
CEO Robert Diamond's ouster from Barclays (NYSE: BCS) raises questions about whether Wall Street's doyen, Jame Dimon, CEO of JPMorgan Chase (NYSE: JPM), might be next to go, especially as his bank's problems mount.