February 4th, 2012
The world’s biggest beer-maker is placing a big bet on a new brew.
Anheuser-Busch InBev this week is rolling out Bud Light Platinum, an upscale version of its best-selling label. It’s the brewer’s latest bid to pump up flagging sales of its flagship brand, and to counter liquor sales that are taking a bite out of […]
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Filed under: Canada, finance by Guru
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January 30th, 2012
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 […]
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Filed under: Canada, online by Guru
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January 23rd, 2012
The Dutch finance minister says Greece’s private creditors may be forced to take losses if they can’t reach a deal to cut the country’s massive debt pile voluntarily _ the first eurozone finance minister to do so.
Jan Kees de Jager said Monday that “we’ve never said it (the debt restructuring) must be voluntary. Our goal […]
Filed under: bank, legal by Guru
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January 18th, 2012
Wall Street futures are rising modestly on hopes the International Monetary Fund will get a cash infusion and ahead of a host of U.S. economic reports.
Dow futures are up 20 points at 12,440. The broader Standard & Poor’s 500 futures are up 3 points to 1,293. The Nasdaq composite is up 9 points at 2,398.
Christine […]
Filed under: bank, markets by Guru
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January 17th, 2012
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, […]
Filed under: online, technology by Guru
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January 5th, 2012
The U.S. jobs recovery gathered pace as a measure of private-sector hiring surged in December and claims for unemployment benefits fell, suggesting the battered labor market may continue to strengthen in 2012.
The ADP National Employment Report’s December job tally of 325,000 surprised economists who had expected a gain of roughly half that size. It […]
Filed under: management, marketing by Guru
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January 4th, 2012
A government-mandated report has confirmed what many Italians long suspected: The euro11,000 ($14,300) that Italian lawmakers earn each month far outpaces what their peers in some of Europe’s largest economies get.
Italy’s bloated public sector and the privileges of its political elite have come under fire as the country battles its debt crisis with tax hikes, […]
Filed under: economics, mortgage by Guru
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January 3rd, 2012
Indonesia
Filed under: finance, term by Guru
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December 30th, 2011
Egyptian security forces stormed the offices of 10 human rights and pro-democracy groups on Thursday, including several based in the U.S., accused by the country’s military rulers of destabilizing security by fomenting protests with the help of foreign funding.
The raids on 17 offices throughout Egypt are part of the ruling generals’ attempt to blame “foreign […]
Filed under: Canada, bank by Guru
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December 28th, 2011
Well, that was painful.
The House and Senate on Friday finally approved and President Obama signed into law a short-term extension of the payroll tax cut and federal unemployment benefits, and staved off a steep cut in pay to Medicare doctors.
But, once again, Congress took a tortured path. And on legislation that, in the scheme […]
Filed under: economics, markets by Guru
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