Articles by Joseph Lazzaro

361-390 (out of 1112)

Joseph Lazzaro, U.S. Editor, served as Managing Editor of New York-based financial news web sites, 1999-2004, and as Economics/Markets Editor for AOL’s, 2008-2011.

ECB's Draghi Says Worst Of Euro Zone Crisis Is Over

The worst of the euro zone crisis is over and the European Central Bank will act if inflation risks grow, ECB President Mario Draghi said in a German newspaper interview released on Thursday, seeking to ease angst in Germany about price rises.

UK Cuts Income Tax Amid Austerity Effort

British finance minister George Osborne cut the top rate of income tax while imposing new levies on the wealthy, in a political high wire act designed to rejig the burden of austerity without wavering on plans to erase a huge budget deficit.

U.K. Government Sees Economy Picking Up

The British economy looks set to avoid a renewed recession and the recovery will pick up speed next year, finance minister George Osborne said in his budget statement on Wednesday.

Developing Nations To Name 2 Candidates To Head World Bank

Nigerian Finance Minister Ngozi Okonjo-Iweala and former Colombian Finance Minister Jose Antonio Ocampo are set to be nominated to lead the World Bank, sources with knowledge of emerging market efforts to find candidates said on Tuesday.

US Housing Starts Dip In Feb; Permits Rise

U.S. housing starts fell in February, but permits for future construction jumped to their highest level since October 2008, according to a government report on Tuesday that showed steady improvement in the housing market.

Multiple Explosions Across Iraq Kill At Least 43

At least 16 near-simultaneous explosions struck cities and towns across Iraq on Tuesday, killing at least 43 people and wounding more than 200, despite a massive security clampdown ahead of next week's Arab League summit.

EU Considers New Controls For Shadow Banking Sector

The European Commission is widening its regulatory sweep to include "shadow" banking, heralding new controls over the sprawling and largely unchartered 46 trillion euro ($61 trillion) sector blamed for helping trigger the financial crisis.

US Stocks: Dow 13,000 - Market Top or Pit Stop?

You can't blame investors for feeling a bit squeamish regarding deploying new money in the U.S. stock market these days, despite the Dow Jones Industrial Average's (DJIA) recent rise to 13,000. Where's the Dow headed in the next three months?

US, UK Agree To Emergency Oil Release

Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices from derailing economic growth in an election year.

Russia Trade Bill No 'Slam Dunk': GOP's Kyl

A senior Republican senator on Thursday warned the White House that passing legislation to bolster trade relations with Russia won't be a slam dunk because of concerns over that country's record on human rights and foreign policy actions.

US Asks Saudi Arabia To Boost Oil Output For Summer

The United States is pressing Saudi Arabia to boost oil output to fill a likely supply gap arising from sanctions on Iran, Gulf oil officials said, adding that an increase in production is unlikely to be needed before July.

Big 4 Auditors Spent More Than Ever On U.S. Lobbying

The world's largest accounting and auditing firms, known as the Big Four, have been pumping more money than ever before into U.S. lobbying and political campaigns as they confront new challenges from their regulator and Congress.

Greece Needs To Cut Spending More: EC

Greece will have to slash a further 5.5 percent of GDP in government spending in 2013 and 2014 to meet agreed fiscal targets underpinning the second international bailout for Athens, a European Commission report said.

February U.S. Retail Sales Rise Most In 5 Months

Retail sales recorded their largest gain in five months in February as Americans snapped up motor vehicles and bought a range of goods even as they paid more for gasoline, government data showed on Tuesday.

WTO Judges Fault Boeing Subsidies: Sources

The World Trade Organization has broadly upheld a ruling that Boeing Co (BA.N) took billions of dollars of unfair subsidies, breathing new life into an epic trade spat that has already faulted European aid to Airbus, people familiar with the matter said.

OPEC Pumps Record Volumes Despite Iran Slide

Europe's debt crisis and an oil price rally are the biggest threats to global oil demand this year, OPEC said on Friday, adding it was still pumping above its target despite a slide in Iranian production.

ECB Keeps Interest Rates The Same: 1.0%

The European Central Bank held interest rates at 1.0 percent for the third month running on Thursday, pausing to assess the impact of a dramatic sweep of measures that has unsettled some at the bank.

FBI Arrest 3 Suspected LulzSec Hackers: Source

The Federal Bureau of Investigation has arrested three suspected members of the hacker group LulzSec and charges will be made public against two more, a law enforcement official told Reuters on Tuesday.