Finance counsels

Japan’s unemployment rate rose for the first time in four months in November, an indication job growth may not be strong enough to support the economy’s recovery from its deepest postwar recession.
The jobless rate climbed to 5.2 percent from 5.1 percent in October, the statistics bureau said today in Tokyo, matching the median […]

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French drugmaker Sanofi-Aventis SA said Monday that it plans to buy U.S. health care company Chattem Inc., maker of over-the-counter mainstays such as Gold Bond skin products, for $1.9 billion in cash.
The deal also gives Sanofi-Aventis a distribution path for its popular allergy drug Allegra, which it wants to switch from prescription-only […]

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WASHINGTON — Regulators on Friday shut down seven banks in six states, including Independent Bankers’ Bank, based in Springfield, Ill., and two large banks in California.
Regulators so far this year have shut down 140 banks.
The Federal Deposit Insurance Corp. on Friday took over the seven newly shuttered banks.
Independent Bankers’ Bank […]

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Norges Bank will probably keep the benchmark interest rate unchanged today, after becoming the first central bank in Europe to lift borrowing costs, as lower oil spending next year slows the pace of economic growth.
The Oslo-based bank will leave the overnight deposit rate at 1.5 percent, according to 11 of the 13 economists […]

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New pay restrictions were unveiled Friday for hundreds of top employees at the nation’s biggest bailout recipients, representing the latest effort aimed at protecting taxpayers’ investment.
The ruling, issued by White House "pay czar" Kenneth Feinberg, will impact 75 out of the 100 highest-paid employees at four companies: Citigroup (C, Fortune 500), AIG (AIG, Fortune […]

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New Zealand’s central bank may raise its benchmark interest rate as early as March as a surging housing market stokes consumer spending and fans inflation, according to economists and traders.
Reserve Bank Governor Alan Bollard yesterday said he may raise the official cash rate from a record-low 2.5 percent “around the middle of 2010” […]

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Grocery workers at Fry’s Food stores and Safeway supermarkets have approved a new labor deal with management.
Fry’s parent company Kroger Co. and the United Food and Commercial Workers Union announced results of grocery employee votes Friday.
The deal resolved disputes regarding health care premiums and pay levels. Fry’s has 13,000 employees in Arizona. Safeway has about […]

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AOL Inc. Chief Executive Tim Armstrong is on a mission to show that the company isn’t some dot-com has-been selling Web access and e-mail. It’s a digital-media company with 80 websites churning out everything from personal finance advice to bedroom tips.
The 100 million unique viewers AOL attracts each month are enough to […]

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Spain’s industrial production fell the least in more than a year in October as government stimulus measures bolstered demand for cars even as unemployment continued to climb.
Output at factories, refineries and mines fell 9.2 percent from a year earlier, adjusted for the number of working days, the least since September of last year, […]

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Stocks struggled Wednesday as investors sought more evidence that a recovery is taking hold, one day after the Dow industrials closed at its highest point in 14 months.
Mixed readings on the labor market, GM’s management shakeup and record gold prices above $1,210 an ounce all played a role in the day’s trading.
The Dow […]

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