Euro zone agrees to boost rescue capacity
Euro zone finance ministers agreed on Friday to increase their financial firewall to 700 billion euros to ward off a new flare-up of Europe's sovereign debt crisis, drawing a positive initial reaction from G20 partners and markets.
Honda committed to Thailand as flood-hit plant restarts
AYUTTHAYA, Thailand, March 31 - Honda Motor Co <7267.T>, Japan's third-largest car maker, officially resumed production on Saturday at its plant in Ayutthaya in Thailand, which was forced to close for almost six months after severe flooding last October.
Myanmar launches new currency system Monday: bank source
Myanmar will hold the first auction on Monday under a new currency regime that aims to unify its multiple exchange rates, a senior banker said, outlining the country's boldest economic reform yet after years of isolation.
German wage deal agreed, averts public-sector strike
Two million German public-sector workers will get a pay rise of 6.3 percent over a 24-month period, according to the government official leading the talks, ending a labor dispute that disrupted services across Germany in recent weeks.
Groupon revises 4th quarter results, shares fall
Groupon Inc unnerved investors again after it increased its previously reported fourth-quarter net loss and cut its revenue, blaming higher-than-anticipated refunds on deals.
Security breach hits U.S. card processors, banks
The U.S. Secret Service is investigating a major cyber intrusion at an Atlanta-based payment processor that could expose millions of MasterCard, Visa, American Express and Discover cardholders to fraudulent charges.
Exclusive: Soros' son strikes out on his own
The upheaval within billionaire investor George Soros' firm continues as one of his sons is separating some of his personal fortune to manage it himself.
Forex lawsuit against BNY Mellon partly dismissed
A U.S. judge on Friday dismissed five out of nine claims against Bank of New York Mellon over its foreign exchange pricing practices, and shipped off four remaining claims to be tried in different state courts, according to a ruling.
Wall St Week Ahead: After stocks' first-quarter run, focus turns to data
After the best first quarter in 14 years, the S&P 500 may be poised for a pullback as investors look to a slew of economic data for insight on the strength of the domestic economy.
Appeals board upholds Arctic air permit for Shell
A federal appeals panel has upheld an important air-quality permit issued to Shell for planned oil exploration offshore in the Arctic Ocean, bringing the company closer to its goal of drilling wells this summer.
Groupon revises fourth quarter results, shares fall
Groupon Inc unnerved investors yet again after it cut its previously reported fourth-quarter revenue and net income, blaming higher-than-anticipated refunds on deals for the sharp downward revision in the numbers.
Goldman, Landesbank argue CDOs in US appeals court
A U.S. appeals court was asked on Friday to decide whether Goldman Sachs Group Inc and TCW Asset Management Co should have foreseen the housing market implosion that caused a $37 million loss for German state-owned Landesbank Baden-Wurttemberg.
Lawsuit says Simply Orange juice not so simple
Coca-Cola Co's Simply Orange juice brand isn't simply orange juice, according to a lawsuit filed against the beverage company on Friday.
Analysis: Moody's bank review may mark new era of lower ratings
The largest U.S. banks including Morgan Stanley, Bank of America and Citigroup are facing what could be a historic shift to lower credit ratings which could increase their cost of funding and reduce competitiveness in their capital markets businesses.
Merkel says Greece has chance to overcome crisis: paper
Greece has gone a long way on the path of reforms and now stands a chance to overcome its debt crisis but still faces many tough measures, German Chancellor Angela Merkel said in a newspaper interview to be published on Saturday.
Exclusive: Brazil prosecutor plans wider offshore oil probe
A Brazilian federal prosecutor plans to expand his investigation of a November offshore oil spill in a field run by Chevron to areas operated by other companies in the country's main oil region.
Alaska, Exxon deal opens way for LNG exports
Alaska has reached a settlement with Exxon Mobil Corp and its partners to develop a huge, long-fallow oil and gas field, possibly paving the way for a $26 billion pipeline and an export plant for liquefied natural gas.
Groupon slashes fourth quarter quarter results, shares dive
Groupon Inc pared back revenue and net income for the fourth quarter, blaming higher refunds on deals for the sharp downward revision in its previously reported numbers.
Groupon slashes 4th quarter results, shares dive
Groupon Inc pared back revenue and net income for the fourth quarter, blaming higher refunds on deals for the sharp downward revision in its previously reported numbers.
Ford CEO pay rose 11 percent to $29.5 million in 2011
Ford Motor Co boosted Chief Executive Officer Alan Mulally's total compensation by 11 percent to nearly $30 million last year, despite the automaker falling short of its targets on market share, quality and costs.
Sino-Forest granted protection to start sale process
A Canadian court has granted Sino-Forest Corp protection from its creditors and has approved an agreement with some of its noteholders to start the process of selling the embattled Chinese forestry company.
Wall Street closes stellar quarter on up note
Stocks closed their strongest quarter in more than two years on a positive note on Friday, led by recently underperforming sectors, including energy and health care.
Alaska, Exxon Mobil settle pipeline dispute
The state of Alaska has reached a settlement with Exxon Mobil Corp and its corporate partners that will keep a long-fallow oil and gas field in the companies' hands in exchange for development commitments, Gov. Sean Parnell said Friday.
Wall Street closes strongest quarter in more than 2 years
Stocks ended their strongest quarter in more than two years on a positive note on Friday, led by recently underperforming consumer staples and health care sectors.
Sino-Forest seeks protection in bid to sell out
Sino-Forest Corp , a Toronto-listed Chinese forestry company accused of fraud, is seeking protection from its creditors and a court's approval of an agreement with some of noteholders to put its embattled business up for sale.
Expedia files Google complaint to EU regulators
Online travel agency Expedia on Friday accused Google of breaching EU rules with a formal complaint to EU antitrust regulators as it joined a dozen other firms that have taken their case to the European Commission in the last two years.
MasterCard, Visa warn of possible security breach
MasterCard Inc, Visa Inc and Discover Financial Services have been victims of a potential security breach, the latest in a string of incidents that have put the personal information of millions of credit cardholders at risk.
BP: U.S. hiding evidence on size of Gulf oil spill
BP Plc has accused the U.S. government of withholding evidence that may show the 2010 Deepwater Horizon oil spill in the Gulf of Mexico was smaller than federal officials claimed, a key issue in determining the oil company's liability.
Alaska, oil companies in pipeline settlement: WSJ
Oil companies Exxon Mobil Corp , BP Plc and Conoco Phillips have reached a settlement with the state of Alaska that will allow the companies to build a pipeline from a North Slope natural gas field, the Wall Street Journal reported on Friday.
Sino-Forest seeks approval to sell or restructure
Sino-Forest Corp , a Toronto-listed Chinese forestry company accused of fraud, said on Friday it has agreed with some of its noteholders to put its embattled business up for sale.