Nigeria oil line on fire; militants claim attack

An oil pipeline run by a subsidiary of Italian oil firm Eni SpA has ruptured and caught fire in Nigeria as a militant group claimed responsibility for an attack.
The fire happened Saturday night near Brass River in Nigeria’s Bayelsa state. Witnesses told a local environmental group they heard the blast from their homes.
The Movement for […]

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Asian stocks extend global rally on economy hopes

Asian stocks extended a global rally Thursday amid investor optimism that the U.S. economy may grow more than previously expected this year.
Tokyo’s Nikkei 225 rose 0.8 percent to 8,881.27 while Hong Kong’s Hang Seng gained 1.2 percent to 20,585.44 and Seoul’s Kospi added 1.4 percent to 1,985.82.
Signs of an improving U.S. economy have helped bolster […]

Learn what faxless payday loans are and how online payday loans can be used as a quick fix to pay off your bills.

Global Economy, Recession Risk Are Bankers

The fragility of the global economy is the greatest threat to the banking industry as a return to recession could mean more losses from bad loans and bank failures, according to an industry survey.
Macro-economic risk rose to become the number-one concern among bankers, the Centre for the Study of Financial Innovation, a forum for […]

St. Louis-based CPI Corp. sued for allegedly misleading investors

A pension fund has sued St. Louis-based CPI Corp., alleging that the portrait studio operator broke federal securities laws by misleading investors about the company’s financial health.
The suit, filed by IBEW Local 98 Pension Fund, is seeking class action status for shareholders who purchased the company’s common stock between April 20, 2010 and December 21, […]

Irish-Backed Bank Bonds Tempt Buyers Again - Bloomberg

Ireland, whose financial system came closer to collapse than that of any euro nation, may now entice investors back to its bank bonds.
Bank of Ireland Plc (BKIR)

Japan to Double Sales Tax by 2015 as Noda Fights Off Ruling Party Revolt - Bloomberg

Japan

Japan OKs aid for tsunami-hit nuke plant operator

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 […]

UnitedHealth 3Q profit slips as medical costs rise

UnitedHealth Group Inc.’s third-quarter net income edged slightly lower as medical costs climbed and some health care use picked up, but the insurer’s revenue grew and it raised its 2011 earnings forecast.
The Minnetonka, Minn., managed care company’s medical claims paid rose 7 percent to $18.41 billion compared to last year’s quarter, mainly due to price […]

Italian ship attacked off Somalia

State TV in Italy says pirates have attacked an Italian cargo ship carrying 23 crew members in waters off Somalia.
The ship’s owner, D’Alessio Group, said five armed men conducted the attack Monday morning. But to protect the crew, the company said it would not provide any other details.
Therefore, it was not known if the pirates […]

Wall Street protest functions like a small city

It looks like a rock festival the morning after, a tangle of tattered sleeping bags. But the demonstrators taking part in the three-week-old protest against Wall Street have created a functioning city within the city, a small, working democracy.
There are task forces in charge of food, security, first aid, sanitation, legal help and Internet access. […]