Most interesting finance and busines news.
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 […]
Stocks turned mixed Wednesday afternoon, erasing earlier losses, after the Federal Reserve said it will keep interest rates near zero for much longer than it had previously announced. Demand for ultra-safe Treasurys soared, pushing bond yields lower.
The Fed’s monetary policy committee said it is unlikely to raise interest rates before 2014, extending a period of […]
Filed under: management, money by Guru
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Economy Minister Luis de Guindos said Spain is sticking to its deficit goal even as the economy shrinks, underlining a rift in the month-old Cabinet over whether the nation can halve its shortfall during a recession.
De Guindos said the government
Filed under: Uncategorized, bank by Guru
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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 […]
Walt Disney Co. has awarded CEO Bob Iger a 2011 pay package valued at $31.4 million, up 12 percent from a year ago. That’s according to an Associated Press analysis of data disclosed to regulators on Friday.
The Burbank-based company says Iger merited a boost in compensation for excellent management in a tough economic environment.
Disney generated […]
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 […]
Fighting to win over unhappy American voters, President Barack Obama and his Republican challengers are seizing on one of the most potent issues this election season: the struggling middle class and the widening gap between rich and poor.
Highlighted by the Occupy movement and fanned by record profits on Wall Street at a time of stubborn […]
Industrial output declined in November for the first time in seven months as manufacturing activity slumped, countering recent signs of improvement in the economy.
Production in the industrial sector eased 0.2 percent last month, the first drop since April, following a 0.7 percent gain in October. Analysts in a Reuters poll had been looking for […]
Filed under: Canada, management by Guru
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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 […]