How the union made Europe's weaklings weaker
15.06.10
In the late 1990s, as the European Union touted its grand plan for a single currency, I called Milton Friedman at the Hoover Institution to ask the 20th century's most influential monetarist for his view of how the euro would transform Europe. It was no surprise that the frugal Friedman called me back collect. He always did.
The dollar turned lower against European currencies Monday after a report showed the euro zone's economy is still growing and increased investors' appetite for riskier assets. Read full story for latest details.
For millions of unemployed Americans, the news about China's surging export market isn't necessarily cause for celebration, even if it might be a harbinger for global recovery.
Venezuela's Citgo Petroleum has reinstated a program that provides discounted home heating oil to lower-income residents in U.S. communities one day after it was suspended. The Obama administration has sent a $69 million bill to BP for the U.S. government's efforts to help deal with the energy company's oil spill in the Gulf of Mexico.
In the late 1990s, as the European Union touted its grand plan for a single currency, I called Milton Friedman at the Hoover Institution to ask the 20th century's most influential monetarist for his view of how the euro would transform Europe. It was no surprise that the frugal Friedman called me back collect. He always did.
Read full story for latest details.
Safe havens have benefited over the past two months as investors worry that financial challenges in the PIIGS will spill over into the rest of Europe. Read full story for latest details.
Forget the worries about China's economy cooling off. Overheating might be the greater concern.
America's relationship with the U.K. has always been complicated. Start with the fact that our country was founded by religious fanatics who left England because they were being persecuted, and who later fought a guerrilla war to establish a secular state. (Right off the bat, we confused the Brits.)
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Strike one: May 17, 2010. Strike two: June 7, 2010. Workers at Chinese manufacturing plants for the Japanese automaker Honda have twice raised their fists, calling walkouts to demand higher wages. The images from these events-photographs of uniformed Chinese workers wearing medical masks to hide their faces-flashed across TV screens around the globe. Ukraine and Russia said the supply of natural gas to Europe was completely shut off Wednesday, but each side blamed the other for the cut-off, which comes as Europe faces a wave of freezing temperatures.
Fine china and glasswork maker Waterford Wedgwood PLC has called in a receiver - the British equivalent of bankruptcy.
White House sends BP a $69 million bill
15.06.10
The Obama administration has sent a $69 million bill to BP for the U.S. government's efforts to help deal with the energy company's oil spill in the Gulf of Mexico.
How the union made Europe's weaklings weaker
15.06.10
In the late 1990s, as the European Union touted its grand plan for a single currency, I called Milton Friedman at the Hoover Institution to ask the 20th century's most influential monetarist for his view of how the euro would transform Europe. It was no surprise that the frugal Friedman called me back collect. He always did.
BP downgraded by Moody's, Fitch
15.06.10
BP's debt rating, a key indication of the corporate world's outlook for the company, was downgraded Thursday by two of the three major credit ratings agencies for the failure to plug a massive oil leak in the Gulf of Mexico.
Markets go on a Hungary strike
15.06.10
Another European country is angling for admittance into the bad debt club.
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BP: Finances solid, honor 'all commitments'
15.06.10
BP sought to reassure both the general public and investors Friday, saying it has the money to spend whatever it takes to clean up the Gulf oil spill and maintain its dividend.
A $3.4 billion deal for blood research firm
15.06.10
Grifols, a Spanish health care group that makes blood-plasma treatments, said Monday it will buy U.S.-based Talecris Biotherapeutics for $3.4 billion.
BP: Stock rises after it reports oil spill progress
15.06.10
BP's stock rose more than 2% in pre-market trading on Monday after the oil giant announced that it is making progress in capping the oil leak in the Gulf of Mexico.
Global airline industry soars toward recovery
15.06.10
The global airline industry is expected to pull out of its slump and make its first profit in three years, according to an industry group report Monday.
Markus Frick: Germany's Jim Cramer, with a criminal twist
15.06.10
In qualifications-obsessed Germany, the baby-faced stockpicker Markus Frick stood out. When his first book in 2001 claimed the former baker had turned 100,000 euro into a million in the space of a year -- and that he could tell investors how to do the same, if they signed up for his seminars and e-mail newsletters -- Germans listened.