Monti Targets Labor Revamp as Jobless Youth Join Trapped Firemen - Bloomberg
March 12th, 2012
Most interesting finance and busines news.
Wal-Mart, the world’s biggest retailer, can go ahead with its 17 billion rand ($2.2 billion) purchase of a controlling share of a South African chain, a South African regulatory appeals body said Friday.
The Competition Appeal Court upheld a ruling last year by the Competition Tribunal, the government agency charged with promoting competition and protecting consumers. […]
Buoyant trading in Asia helped HSBC Holdings PLC, Europe’s biggest bank by market value, report a 28 percent increase in full-year profit Monday _ a marked contrast to the performance of other big British banks.
HSBC said its net profit for 2011 was $16.8 billion, up from $13.2 billion. Net operating income was 11 percent higher […]
Two Federal Reserve officials opposed additional mortgage-bond purchases by the Fed, saying the measure isn
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Greek lawmakers are debating emergency legislation to approve a massive bond swap that would shave euro107 billion ($142 billion) off the country’s privately held debt.
Parliament will vote late Thursday on the proposed deal, which has already been approved at committee level. The governing coalition controls a strong enough majority to easily pass the law.
The writedown […]
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The new fund designed to spur science startups in Missouri has been declared unconstitutional by a judge in Cole County.
Circuit Judge Dan Green tossed out the Missouri Science and Innovation Reinvestment Act (MOSIRA) in a ruling Tuesday morning, saying that the way it was approved by lawmakers in last fall’s special legislative session violated the […]
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Federal health officials say they still have safety concerns about an experimental diet pill from drugmaker Vivus Inc., as the company prepares to make a second attempt to convince experts of the drug’s safety next week.
Vivus, based in Mountain View, Calif., is one of three small drugmakers racing to bring the first new prescription weight […]
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 […]
Costa Crociere SpA is offering uninjured passengers euro11,000 ($14,460) apiece to compensate them for lost baggage and psychological trauma after its cruise ship ran aground and capsized off Tuscany when the captain deviated from his route.
Costa, a unit of the world’s biggest cruise operator, the Miami-based Carnival Corp., also said it would reimburse passengers the […]