Unions: Nigeria strike over fuel resumes Monday

Two major labor unions in Nigeria say a paralyzing nationwide strike will resume Monday after negotiations with the government failed.
The Nigeria Labor Congress and the Trade Union Congress issued a joint statement Sunday confirming strikes would continue.
The strikes began Jan. 9 over spiraling gasoline prices following the removal of an estimated $8 billion in fuel […]

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Groups lock horns over Missouri’s green energy future

There’s a battle afoot to reshape Missouri’s green energy law.
Renewable energy advocates and utilities are squaring off to establish how much of Missouri’s electricity is derived from renewable resources — with the cost to consumers in the balance.
Renew Missouri, the group formed several years ago to advance the state’s existing renewable energy initiative, known as […]

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Indonesian Inflation Slows, Giving Central Bank Room to Cut Interest Rates - Bloomberg

Indonesia

Some local holiday sample sales

Bea Crowder’s pop-up store sale
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Rate on 30-year fixed mortgage falls to 3.98 pct.

The average rate on the 30-year fixed mortgage hovered above its record low for a fourth straight week. But cheap mortgage rates have done little to boost home sales or refinancing.
Freddie Mac says the rate on the 30-year fixed loan fell to 3.98 percent from 4 percent the previous week. Seven weeks ago, it dropped […]

Staples 3Q net income rises, lowers 2011 outlook

Staples Inc. says its third-quarter profit climbed 13 percent, helped in part by better sales of office and break room supplies to businesses as well as promotional products.
But the nation’s biggest office supply company cut its full-year adjusted earnings forecast on Tuesday as its international performance weakened a bit.
Office suppliers have suffered during the recession […]

Papademos is new Greek PM, vows to stick with euro

Senior banker Lucas Papademos was appointed prime minister Thursday of an interim Greek unity government that seeks to cement a European debt deal and stave off national bankruptcy.
Chosen after four tortuous days of power-sharing talks, Papademos immediately called for unity and promised to seek cross-party cooperation to keep Greece firmly in the 17-nation eurozone.
The 64-year-old […]

Billionaire battle: Russians take feud to UK court

They were once said to be like father and son, vacationing, signing deals, and socializing at the Kremlin together. But these days two of Russia’s richest men can’t stand each other _ and they’re trading insults in a spectacularly expensive public feud.
At more than $6.5 billion, the lawsuit brought by Russian tycoon Boris Berezovsky against […]

Apple worth about as much as 32 top Euro zone banks

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. […]

Dithering in DC spooks businesses

Robert Griggs is a risk-taker by nature. He has never been afraid of debt.
At the moment, however, Griggs is delaying a decision on whether to invest $10 million or more and create about 50 new jobs at his steel pipe mill in St. Charles. Orders are strong and profits have never been higher, but Griggs […]