Signs the euro zone's weak economy may have turned a corner gave a brief lift to the single currency in choppy trading on Tuesday, but worries over the setback in Greek debt talks, seen as vital for avoiding a messy default, weighed on sentiment.
Swiss-based oil refiner Petroplus is to file for insolvency after lenders put the company on notice to pay off its debts triggering a default on $1.75 billion of senior notes and convertible bonds.
British accountancy software maker Sage said it was watching the economic situation in Europe and the impact a downturn would have on its small and medium customers, although it said trading was still on track.
Swiss-based oil refiner Petroplus is filing for insolvency after lenders put the company on notice to pay off its debts, triggering its default on $1.75 billion of senior notes and convertible bonds.
The Bank of Japan forecast the economy will contract in the current fiscal year but kept policy steady on Tuesday, expecting exports to emerging markets and reconstruction after last year's earthquake will help fuel a steady recovery later in 2012.
The euro retreated from a three-week high on Tuesday and Asian shares gave up most of their early gains as crucial negotiations on Greek debt restructuring suffered another major setback, raising the specter of default.
Pressure from financial institutions and Treasury officials undermined an effort to limit executive pay at seven companies rescued with taxpayer money, a new government audit showed on Tuesday.
The regulator for Fannie Mae and Freddie Mac told lawmakers that forcing the government-controlled mortgage firms to write down the principal on underwater home loans would require more than $100 billion in fresh taxpayer funds.
Eastman Kodak Co replaced its chief restructuring officer on Monday in a surprise move coming just days after it filed for bankruptcy protection.
Euro zone finance ministers and officials met in Brussels to discuss terms of a Greek debt restructuring as part of a second bailout package for Athens and rejected an offer made by private bondholders to help restructure those debts, officials said, sending negotiators back to the drawing board.
Euro zone finance ministers and officials met in Brussels to discuss terms of a Greek debt restructuring as part of a second bailout package for Athens and rejected an offer made by private bondholders to help restructure those debts, officials said, sending negotiators back to the drawing board.
Euro zone finance ministers Monday rejected as insufficient an offer made by private bondholders to help restructure Greece's debts, sending negotiators back to the drawing board and raising the threat of Greek default.
Starbucks Corp , which sells the coffee that helps many Americans get wound up for their day, is offering more of their customers a way to wind down.
U.S. intelligence agencies have unique capabilities that can help protect American companies from cyber espionage and attack, but it will probably take a crisis to change laws to allow that type of cooperation, a former spy chief said on Monday.
Several tourists on the posh Caribbean island of Mustique say they aren't happy that Kate Middleton and her family are ruining their vacation.
Germany and France pressed Monday for a rapid deal between Greece and its private creditors that cuts its soaring debt to sustainable levels and said they were committed to a sealing a new bailout for Athens by March to avert a disastrous default.
The head of Man Group, the world's biggest listed hedge fund manager, is backing the reintroduction of the so-called 'uptick rule' to reduce the risk of a market crash prompted by lightning-fast computer traders.
Diamondback Capital Management will pay more than $9 million to settle allegations of insider trading at the Stamford, Connecticut-based hedge fund.
The European Union will leave the setting of fines for breaching proposed new data protection laws largely to national bodies, European Commissioner Viviane Reding said after reports that the EU planned to fine companies up to 5 percent of their turnover.
Starbucks Corp , which sells the coffee that helps many Americans get wound up for their day, is now offering some a way to wind down.
Stocks fell on Monday, taking a pause from a recent rally, as developments in the euro zone including the terms of a likely Greek default remained a concern.
Starbucks Corp plans to begin selling beer, wine and more upscale food in a small number of cafes in Atlanta and Southern California by the end of this year as it explores an expansion beyond morning coffee and afternoon pick-me-ups.
Oil and gas producer Apache Corp will buy privately held Cordillera Energy Partners III for $2.85 billion in cash and stock, expanding its holdings in one of the most lucrative emerging oil and gas fields in the United States.
Hedge fund Diamondback Capital Management will pay more than $9 million to settle civil insider-trading charges, and will also enter into a non-prosecution agreement with the Justice Department.
Shareholders should be given a binding vote over how large British companies manage executive pay and more companies should be able to claw back cash from highly-paid staff who fail to deliver, Business Secretary Vince Cable said on Monday.
Securities regulators are due in court on Tuesday to argue that a brokerage industry-backed protection fund should let thousands of victims of Allen Stanford's alleged Ponzi scheme file claims for compensation.
YouTube, Google Inc's video website, is streaming 4 billion online videos every day, a 25 percent increase in the past eight months, according to the company.
The New York-based company will report its fourth-quarter earnings Tuesday before the market opens.
Stocks were little changed in early trading on Monday after equities posted their best week in a month as the euro zone debt crisis and the economy showed signs of stabilizing.
The Occupy movement, which went global after protests against Wall Street last year, is camping in igloos to bring its argument with the super-rich 1 percent to Davos.
