Fed and ECB to tackle deflation
09.01.09
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Read full story for latest details. 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.
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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. Emirates and Airbus announced Tuesday that the Middle Eastern airline is ordering an additional 32 Airbus super-jumbo planes worth $11.5 billion.
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.
If you're an immigration lawyer, this is a busy time of year. Each April the U.S. begins to accept new applications for H-1B work visas -- the sort reserved for the highly skilled foreigners coveted by U.S. firms. This year 65,000 H-1B visas are available.
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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.)
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.
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.
Federal Reserve Chairman Ben Bernanke told lawmakers on Wednesday that the U.S. economy should be able to withstand the effects of the European debt crisis. The dollar weakened against major currencies Thursday as the pound got a lift from the Bank of England's rate cut and investors considered bleak economic news from Europe. The Bank of England lowered its key interest rate by half a percentage point to 1.5% Thursday, the lowest rate in the bank's 315-year history.
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.
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.