More tax cases vs wealthy, U.S. banks: U.S. prosecutor
The U.S. government is stepping up prosecutions of wealthy individuals dodging taxes through off-shore accounts, with new cases expected to be made public every couple of weeks, a top government attorney said on Saturday.
G20 faces credibility test on markets
The Group of 20 rich and developing economies, fresh from a triumphant show of unity at Pittsburgh, faces months of deal-making and communication to markets that will test its credibility as the premier global forum for economic cooperation.
EU's Barroso concerned about G20 climate progress
European Commission President Jose Manuel Barroso expressed concern on Friday that the G20 countries were not moving fast enough to help achieve a United Nations agreement on fighting climate change.
Silicon Valley fund to invest $100 million in green cos
Silicon Valley venture fund CMEA Capital said on Friday it will invest an additional $100 million in alternative energy companies over the next three years.
Peru Camisea consortium to auction gas in October
The consortium that operates Peru's massive natural gas field at Camisea is expected to launch an auction in October to sell fuel to the local market, the country's vice minister of energy said on Friday.
Chrysler's board meets, workers rally near Detroit
The Chrysler Group LLC board of directors met on Friday to discuss Chief Executive Sergio Marchionne's plan for revamping the automaker's product line-up at a time of sagging sales, a person with direct knowledge of the plans said.
Hildebrand-inflation to drive SNB's exit strategy
Swiss National Bank Vice Chairman Phillip Hildebrand said on Friday that the bank would do whatever it takes to adjust monetary policy -- but only when the right time comes.
Citi sues Morgan Stanley over CDS, claims $245 mln
Citigroup Inc sued Morgan Stanley on Friday for breach of contract, saying the Wall Street firm owed it $245.4 million for protection it bought on a loan.
CORRECTED: G20 faces credibility test on markets
(Corrects dates of next meetings, paragraphs 9 and 18)
Toyota raises world '09/10 sales f'cast 3 pct -media
Toyota Motor Corp, has raised its global sales forecast for the year to March 2010 by 3 percent to 6.7 million cars, the Tokyo Shimbun daily reported on Saturday, in the latest sign of a nascent recovery in auto demand.
Hyatt says laid-off Boston workers to get new jobs
Hyatt Hotels Corp said on Friday that nearly 100 housekeeping workers laid off in August will be offered new full-time jobs in the Boston market.
Marriott Announces Big Cutbacks
Marriott International Inc. announced Wednesday that it will stop building new timeshare and luxury-vacation projects and write down the value of the projects it already has under construction by $760 million.
Tweeting Ugandan gorillas make friends online
Lurking deep in the mist-glazed forests of east Africa, Uganda's mountain gorillas are preparing to 'tweet' for their survival.
Pakistan court adjourns Mumbai attacks hearing
A Pakistani court adjourned until Oct. 3 a hearing for seven Islamist militants suspected of involvement in last year's attacks in Mumbai that killed 166 people, a lawyer said.
Twin car bomb attacks kill 16 in NW Pakistan
Two car-bomb blasts killed at least 16 people in northwestern Pakistan on Saturday, evidence militants still have power to strike despite the death of a top Taliban commander last month.
Merkel, Steinmeier in final push for German votes
German Chancellor Angela Merkel and her challenger Frank-Walter Steinmeier battled on Saturday to win over a large pool of undecided voters on the last day of campaigning before a federal election.
China lays first charges over Xinjiang riots
China announced the first charges to be laid in connection with violent unrest in July that shook China's northwest region of Xinjiang, home to Muslim Uighurs.
Koreans, split by war for 56 years, meet to say goodbye
Ninety-seven South Koreans crossed a heavily armed border on Saturday to meet family members in the communist North in fleeting reunions arranged by the rivals split by war and ideology more than half a century ago.
Could Israel strike Iran over nuclear concerns?
Israeli Foreign Minister Avigdor Lieberman said Saturday a newly disclosed nuclear facility in Iran was proof the Islamic Republic was seeking nuclear weapons.
Obama accuses Iran of evasion before Geneva talks
President Barack Obama said on Saturday the discovery of a secret nuclear plant in Iran showed a disturbing pattern of evasion by Tehran which added urgency to its Oct 1. talks with world powers.
Koenigsegg CEO says still aims for Saab deal in October
Koenigsegg's chief executive said on Saturday the Swedish luxury sports car maker still aimed to finalize a deal to buy Saab Automobile from General Motors by the end of October.
G20 faces credibility test on markets, climate
The Group of 20 rich and developing economies, fresh from a triumphant show of unity at Pittsburgh, faces months of deal-making and communication to markets that will test its credibility as the premier global forum for economic cooperation.
Swedish car maker could pull out of Saab deal: report
Swedish luxury car maker Koenigsegg Group could pull out of its planned purchase of Saab Automobile from General Motors unless steps to secure loans are in place by Wednesday, a part owner told a newspaper on Saturday.
Koenigsegg could pull out of Saab deal
Koenigsegg Group could pull out of its planned purchase of Saab Automobile from General Motors unless certain milestones are reached in the coming days, a major owner told a newspaper on Saturday.
Upbeat G20 faces credibility test on markets, climate
The Group of 20 rich and developing economies, fresh from a triumphant show of unity at Pittsburgh, faces months of deal-making and communication to markets that will test its credibility as the premier global forum for economic cooperation.
Toyota raises world '09/10 sales forecast 3 percent: report
Toyota Motor Corp , has raised its global sales forecast for the year to March 2010 by 3 percent to 6.7 million cars, the Tokyo Shimbun daily reported on Saturday, in the latest sign of a nascent recovery in auto demand.
CORRECTED: Toyota raises world '09/10 sales f'cast 3 pct: report
(Corrects paragraph 2 to “global production,” not “production in Japan”)
Toyota raises world '09/10 sales forecast: report
Toyota Motor Corp , has raised its global sales forecast for the year to March 2010 by 3 percent to 6.7 million cars, the Tokyo Shimbun daily reported on Saturday, in the latest sign of a nascent recovery in auto demand.
Fast traders could shake up U.S. options pay system
The influx of high-speed electronic traders in U.S. options markets may spur regulators to finally move on decades-long concerns over how some exchanges lure business their way.
U.S. consumers say spending habits changed for good
A majority of U.S. consumers say they have permanently changed their spending and savings habits in response to the global financial markets crash and recession, according to a Citigroup survey released on Friday.