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January 14th, 2012
Most interesting finance and busines news.
Japan’s government Friday approved spending $11.5 billion of public money to help the operator of the tsunami-hit nuclear power plant decontaminiate the site and dismantle the reactors.
Japan’s nuclear minister, Goshi Hosono, says the aid is meant as a preliminary installment to help cash-strapped Tokyo Electric Power Co. cover the massive cost of the work.
The 900 […]
An Air France-KLM official says directors of Europe’s largest airline will hold an extraordinary board meeting later Monday, amid reports the company’s chief executive will be replaced.
An Air France-KLM spokeswoman said the board meeting in Paris would take place around 4 p.m. (1400 GMT). She declined to comment on a report in French daily Les […]
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 […]
U.S. stock futures are rising after the damage from Tropical Storm Irene wound up being less than many analysts had anticipated.
The storm ripped through the East Coast and caused widespread flooding. Millions were without power. However a consulting firm predicted that insured damages would range between $2 billion and $3 billion, lower than initially estimated.
Insurer […]
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Technology giant Apple Inc., which briefly surpassed Exxon Mobile Corp. this month as the world most valuable company, is now worth nearly as much as the 32 biggest euro zone banks combined.
That follows recent news reports that Apple Computers had more cash in the bank on a late July day ($76 billion) than the U.S. […]