Most interesting finance and busines news.
The economy grew slightly faster in the spring than previously estimated but remained dangerously weak as the country struggled with surging gas prices and high unemployment.
The Commerce Department says the economy grew at an annual rate of 1.3 percent in the April-June quarter, up from an estimate of 1 percent made a month ago. The […]
Consumers’ confidence in the economy remained weak in September after dropping to a post-recession low in the month before as Americans continued to worry about high unemployment and low wages.
People were spooked last month over a downgrade of U.S. long-term debt, renewed concerns about the health of European banks and wild stock market wings. And […]
World stock markets remained volatile Monday as investors grew increasingly convinced that Greece would default on its debts, an event that economists say has the potential to worsen a global downturn.
Oil prices fell below $79 per barrel while the dollar strengthened against the euro but was lower against the yen.
Stocks were mixed in early European […]
A Yemeni pro-opposition officer says troops loyal to President Ali Abdullah Saleh are attacking soldiers who sided with the opposition in the capital Sanaa, killing at least 11.
Abdel-Ghani al-Shimiri says mortars are raining down on the headquarters of the 1st Armored Division, led by Maj. Gen. Ali Mohsen al-Ahmar who backs the opposition’s demands for […]
Investors on Wall Street and around the world sold stocks with abandon Thursday, more convinced than ever that the United States and perhaps the globe are headed for a new recession.
The Dow Jones industrial average fell as much as 527 points, the second consecutive rout in the stock market since the Federal Reserve announced a […]
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Express Scripts Inc. and Medco Health Solutions Inc., facing congressional scrutiny over their plan to form the biggest U.S. pharmacy-benefit manager, told lawmakers the deal would preserve competition and lower costs while improving patient care.
The combined company would control less than one-third of U.S. pharmacy benefit sales, Express Scripts Chief Executive George Paz said Tuesday […]
Chubb Insurance of Canada has again been ordered to pay a Mississauga divorcee for the loss of her home, art and jewelry in a 1997 house fire. With interest and her legal fees, the cost of denying the near $4.5 million claim will be nearly $10 million.
When Bridgette Sagl claimed nearly $4.5 million in losses […]
The latest backdrop for European financial crisis talks was Wroclaw, Poland _ or Breslau, as the picturesque city on the Oder River is still known in Germany.
As Europe’s finance chiefs bounce from meeting to meeting trying to hash out a strategy to contain their debt troubles, the city’s history may serve as a reminder of […]
Finland’s finance minister said she doesn’t expect the eurozone to resolve a dispute over her country’s demand for collateral for loans to Greece at a meeting Friday _ adding to concerns over the currency union’s ability to stamp out its crippling debt crisis.
U.S. Treasury Secretary Timothy Geithner joined the meeting in Wroclaw, Poland _ the […]
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A key federal report goes further than other investigations and puts ultimate responsibility on BP for the worst offshore oil spill in U.S. history and the deaths of 11 rig workers, especially regarding the cement seal that was put in place the day before the explosion that triggered the spill.
The report, released Wednesday, said in […]
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