Most interesting finance and busines news.
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, […]
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 […]
COLUMBUS, Ohio • The White Castle hamburger chain is sipping on the idea of selling alcoholic beverages at its restaurants.
The 90-year-old company is testing beer and wine sales at a location in Lafayette, Ind., that combines a traditional White Castle burger joint with a Blaze Modern BBQ, a new restaurant concept also being tried out.
“White […]
Filed under: management, marketing by Guru
Comments Off
U.S. stocks closed sharply lower Monday as bank shares took a beating amid fresh concerns about the debt crisis in Europe.
The Dow Jones industrial average () fell 100 points, or 0.8%, to end at 11,766. The S&P 500 () sank 14 points, or 1.2%, to 1,205. The Nasdaq () slid 32 points, or […]
Filed under: marketing, technology by Guru
Comments Off
A new report claims a Russian lawyer who died in prison was tortured and deliberately denied medical treatment, and that the official investigation covered it up.
Sergei Magnitsky, who was arrested after accusing officials of corruption, died in November 2009 after the pancreatitis he developed in prison went untreated. Two prison doctors have been charged with […]
A Spanish savings bank has fired two directors and is investigating two former executives for allegedly syphoning off euro20 million ($26.5 million) into secret pension funds, the bank said Saturday.
The board of directors of Caixa Penedes bank had “required the departure” of its president, Ricard Pages, and director general Manuel Troyano. It said both men […]
Stocks edged higher Friday as investors balanced signs of future growth in the U.S. economy with a looming deadline for Congress to reach a deal in deficit-reduction talks. Steep declines earlier in the week put the S&P 500 index on track for its worst week since September.
The Conference Board’s index of leading economic indicators rose […]
Filed under: management, money by Guru
Comments Off
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 […]
Filed under: technology, term by Guru
Comments Off
Move over maple, there’s another syrup in town.
Maple syrup might be the ultimate Canadian culinary symbol, but if Dave Challen has his way, we’ll be turning to birch syrup for our dose of tree-based sweetness.
“There are a lot more birch trees in Canada than there are maple,” said Challen, owner of Thunder Bay-based Boreal Birch […]