Monti says reforms to shield Italy from Greek risk: TV
Italian Prime Minister Mario Monti is confident reforms undertaken by his country over the last few months will help soften any blow from an unruly default by euro zone partner Greece.
Insight: The dark side of Germany's jobs miracle
Anja has been scrubbing floors and washing dishes for two euros an hour over the past six years. She is bewildered when she sees newspapers hailing Germany's job miracle.
German exports drop is steepest in nearly 3 years
German exports fell at their fastest rate in nearly three years in December and imports also unexpectedly dropped, suggesting Europe's bulwark economy could have contracted more than forecast in the fourth quarter of 2011.
Analysis: More than just Great Firewall awaits Facebook in China
When it comes to China, Facebook should consider itself forewarned. Cracking the world's biggest Internet population might seem an obvious ambition for the social networking giant as it trumpets its global growth before a $5 billion initial public offering, but the chances it will succeed look slim.
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Asian shares gain, euro steadies as Greek talks in final stage
Asian shares hit their highest level in more than five months on Wednesday and the euro hovered close to an 8-week high as investors kept hopes alive for an agreement on details of a new Greek bailout package despite further delays.
Customers seek access to MF Global insurance sums
Customers of MF Global's broker-dealer unit say at least $120 million in insurance policies for the company's executives should instead go toward filling a massive hole in their accounts.
Nine companies sued over exclusive forum bylaws
Chevron Corp and eight other corporations were sued by shareholders on Tuesday for adopting a bylaw that requires common types of shareholder lawsuits be brought exclusively in Delaware's Chancery Court.
SEC's Gallagher wants more oversight of brokers
Congress made a mistake when it stripped away most of the Securities and Exchange Commission's authority to police the holding companies of broker-dealers for risks, according to the SEC's newest commissioner.
CalSTRS wants Facebook board to expand, add women
The California State Teachers' Retirement System, the second-largest largest pension fund in the United States, wants Facebook Inc to expand its board of directors and diversify a panel that has no women.
Eyes on dissident states as mortgage deal nears
A broad settlement with major banks over mortgage servicing abuses that would bring relief to distressed U.S. homeowners could be announced as early Thursday, two people familiar with the matter said.
Yahoo Chair to step down as review continues
SAN FRANCISCO, Feb 7 - Yahoo Inc Chairman Roy Bostock and three other board directors will step down as the struggling Internet company keeps up discussions on overhauling its prized Asian assets, including stakes in China's Alibaba Group and Yahoo Japan .
Hacker releases Symantec source code
A hacker released the source code for antivirus firm Symantec's pcAnywhere utility on Tuesday, raising fears that others could find security holes in the product and attempt takeovers of customer computers.
Wall St edges up in quiet day; Disney down late
Stocks rose slightly on Tuesday, but with the outcome of discussions on a bailout package for Greece uncertain, investors are unlikely to make big bets in coming days.
Wall St ends quiet day as Greek deal awaited
Stocks rose slightly on Tuesday, but with the outcome of discussions on a bailout package for Greece uncertain, investors are unlikely to make big bets in coming days.
Bernanke repeats vow to shield U.S. from Europe fallout
Federal Reserve Chairman Ben Bernanke on Tuesday renewed a pledge to prevent Europe's financial crisis from damaging the U.S. economy in testimony before Congress that mirrored remarks he made last week.
January deficit fell sharply to $27 billion: CBO
The budget deficit shrank by nearly half in January compared to a year earlier as tax collections from individuals rose and outlays fell, the Congressional Budget Office said on Tuesday.
Greek parties delay bailout talks despite EU threats
Greek political parties delayed yet again on Tuesday making the tough choice of accepting painful reforms in return for a new international bailout to avoid a chaotic default, seemingly deaf to EU warnings that the euro zone can live without Athens.
Fidelity money fund clients sour on SEC proposals
Adding to the outcry against new rules for money-market funds, Fidelity Investments has warned regulators that more than half of its money-fund clients would move some or all of their assets out of the investments if the net asset value of the funds were allowed to fluctuate.
MF Global shortfall worsened as bankruptcy neared
In its chaotic final days, MF Global's floundering brokerage used increasingly large chunks of customer money in an effort to keep the company afloat, creating a massive shortfall in customer funds, the trustee liquidating the brokerage has found.
SEC weighs two money market fund proposals
The chairman of the Securities and Exchange Commission is eyeing two potential plans to bolster the stability of money market funds, but their fate remains uncertain due to internal disagreement at the SEC over the need for more regulations.
Facebook governance a concern for California pension fund
Facebook's corporate governance rules, which give shareholders little say in how the social networking website would be run as a public company, are raising the hackles of one of the largest U.S. investors, the California State Teachers' Retirement System.
World watches as China economic leaders take stage
A new guessing game is about to begin: will China's incoming generation of leaders show more courage than the current incumbents in tackling deep economic imbalances that threaten to bring growth to a sudden stop?
Bernanke's testimony on economy to Senate panel
Below are highlights from Federal Reserve Chairman Ben Bernanke's testimony on Tuesday on the state of the U.S. economy to the Senate Budget Committee. Bernanke's prepared testimony was virtually identical to testimony on Thursday to the House Budget Committee.
Analysis: Banks largely reserved for U.S. mortgage pact cost
As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.
Banks largely reserved for U.S. mortgage pact cost
As the nation's five largest mortgage lenders edge close to a $25 billion settlement over foreclosure abuses, it's becoming clear that the deal will have little or no impact on their future bottom lines.
Coca-Cola beats Street, eyes cost savings
Coca-Cola Co reported better-than-expected quarterly results and announced a new cost-savings program that it will use to boost its brands and mitigate higher commodity costs.
Watchdogs to drag shadow banks into the light
Beyond the reach of regulators, and about half the size of the world's banking industry, a thriving breed of shadow banks is emerging that could trigger the next chapter in the global financial crisis.
Greek political leaders' meeting delayed to Wednesday: officials
A meeting of Greek political leaders to discuss a 130-billion-euro ($172 billion) bailout scheduled for Tuesday has been postponed to Wednesday, a Greek government official said.
Fisker announces layoffs, renegotiates loan
Electric car startup Fisker Automotive Inc said on Monday it has suspended work at its U.S. manufacturing plant and laid off 26 workers there while it renegotiates the terms of its $529 million loan from the U.S. Department of Energy.
Glencore-Xstrata deal meets shareholder opposition
At least two top 10 shareholders in miner Xstrata plan to vote against a takeover by commodities trader Glencore, threatening the creation of a powerhouse spanning mining, agriculture and trading.
BlackRock's top lawyer to leave company
The top lawyer at BlackRock Inc is leaving the company, a spokeswoman at the global asset management firm confirmed.
Wall St edges higher as Greece draws up bailout terms
U.S. stocks traded edged higher on Tuesday as investors awaited the outcome of discussions on a bailout package for Greece that would help the country avoid a chaotic default.
Global watchdog official says banking reforms must proceed
The underperforming global economy should not be allowed to delay financial system reforms, a senior official at the Financial Stability Board , a global watchdog set up by the Group of 20 nations, said on Tuesday, adding that the FSB will propose new rules on so-called shadow banking by year-end.
Prove critics wrong under-fire RBS boss tells staff
The boss of majority state-owned Royal Bank of Scotland urged his staff to prove the critics wrong and continue a clean-up that has cost 38 billion pounds ($60 billion) in the past three years.
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