Insight: Euro has new politburo but no solution yet
Europe has a new informal leadership directorate intent on finding a solution to the euro zone's debt crisis, but it has yet to prove its ability to come up with a lasting formula.
Daylight Saving Time: Many People Set Clocks the Wrong Way
A new survey finds a surprising 11 percent of Americans incorrectly set their clocks not backward but forward at the end of daylight saving time, which will arrive Sunday at 2 a.m. local time this year.
Greek Political Parties Ignore Appeal for Rapid Compromise
Greece's ruling socialists and opposition conservatives offered rival plans for saving the nation from bankruptcy and safeguarding its Eurozone membership, ignoring an appeal from the president to cooperate now on tackling the mess.
Greek PM to Push Coalition Plan in Meeting with President
Greek Prime Minister George Papandreou is meeting with Greek President Karolos Papoulias Saturday in the drive for a new coalition government to save the nation from bankruptcy and prevent its debt crisis from spreading chaos across the Eurozone.
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Eurozone Finds No New Money for Debt Crisis at G20
The Eurozone won verbal support but no new money at a G20 summit on Friday for its tortured efforts to overcome a sovereign debt crisis, while Italy was effectively placed under IMF supervision.
Physicists Officially Christen Exotic Elements
Physicists officially christened three elements, substances that cannot be broken down by chemical means, on Friday at the International Union of Pure and Applied Physics meeting in London held once every three years.
Eurozone Oct Private Sector Slump Flags Recession
Private sector activity in the euro zone shrank at its fastest pace in 28 months in October as the debt crisis sapped new business and soured sentiment in an economy looking like it is heading into a slump, survey data showed on Friday.
Italy Agrees to Let EU, IMF Monitor Reforms
Italy, under fierce pressure from financial markets and European peers, has agreed to have the IMF and the EU monitor its progress with long- delayed reforms of pensions, labor markets and privatization, senior EU sources said Friday.
Europa finds buyers at American Film Market
Europa, a suspense drama about astronauts from different countries who head to the frigid glacial moon of Jupiter, has found a warm reception at this year's American Film Market, selling in 12 territories so far.
Short sellers still see green in battered solar sector
Short sellers who banked on a fall in the price of solar stocks this year pocketed big returns and are already positioning themselves for another go at the battered sector.
S.Africa signs multilateral tax evasion deal
South Africa on Thursday said it signed an agreement with 12 other countries to combat cross-border tax evasion.
Greeks to Drop Referendum on Bailout, But Papandreou Will Not Resign
Papandreou also shrugged off persistent calls – by both opposition lawmakers and members of his own ruling Socialist Pasok party – to call new elections.
France and Germany Tell Greece to Take The Bailout or Else
Our Greek friends must decide whether they want to continue the journey with us,” Sarkozy said.
Arsenal Transfer Rumor: Gunners to Make £5m Cut-Price Bid for Chelsea Forward Salomon Kalou
The Gunners are set to make a cut-price £5 million January bid for Chelsea's back-up forward Salomon Kalou who will be out of a contract with the London Rivals at the end of the season, according to reports.
Futures Rise on Uncertainty over Greek Referendum
Stock index futures edged higher in choppy trade on Thursday on talk the Greek government might collapse, thus avoiding a referendum on a bailout plan and easing concerns about an imminent bailout.
Futures Signal Higher Opening for U.S. Stocks
Stock index futures pointed to a slightly higher opening for equities on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.1 to 0.2 percent.
Euro Zone Ready for Greeks to Go, Boss Says
The euro zone is working on a possible exit of Greece from the euro zone, Eurogroup head Jean-Claude Juncker said on Thursday, saying it was essential that other members of the currency union would not be damaged in such an event.
Daylight Saving Time 2011 Will End This Sunday
Daylight saving time (DST) for most people in the United States and Canada ends on Sunday at 2 a.m. Remember to turn all clocks back to 1 a.m. local time.
G-20 Cannes - U.S., Europe Seek GDP Growth, but May Settle for Greek Solvency
The leaders of the world's major economies will meet in Cannes, France starting Thursday to discuss matters critical to commerce, international trade, and the global economy. That means the discussion will be dominated by Greece.
Turkey's Erdogan Rips Germany for PKK Fundraising
He added that Europeans who donate money to PKK share in the responsibility for the killings of innocent civilians.
AFM kicks off with 415 films and more buyers
This year's American Film Market kicks off in Santa Monica Wednesday with 10 percent more buyers than last year and 415 films up for grabs.
Defections Raise Risk of Collapse of Papandreou’s Government
Even more galling for Papandreou, six other members of his own Pasok party have called for his resignation.
EU and IMF Threaten to Withhold Next Bailout Tranche Until After Greek Referendum
This means that an eight billion euro ($11 billion) payment will be in limbo until after the referendum vote – which isn't even scheduled to be held until December.
Income Inequality Lowers U.S. Rank in U.N. Human Development Index
Although the U.S. ranks fourth in overall human development, when the scale is adjusted to account for income, health and education inequality, it falls to 23.
How Hope and Faith Are Dominating Investment Decisions
Corporations are booking huge third-quarter profits and sitting on gargantuan piles of cash -- and nothing could be less important.
Germany, France to Pressure Papandreou to Drop Referendum, Accept Rescue Deal
If Greek voters reject the bailout via referendum, the country would likely plunge into bankruptcy.
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