Global markets: Is the worst over?
09.01.09
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The chairman of India's fourth-largest software-services provider resigned Wednesday after confessing to inflating the company's profits for years with "fictitious" assets and nonexistent cash.
German billionaire Adolf Merckle, one of the richest men in the world, committed suicide on Monday after his business empire got into trouble in the wake of the international financial crisis, Merckle's family said Tuesday in a statement.
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. 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.
Fine china and glasswork maker Waterford Wedgwood PLC has called in a receiver - the British equivalent of bankruptcy.
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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.
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. Toyota announced Tuesday it will idle all 12 of its wholly owned factories in Japan for an extra 11 days in response to the slumping auto market.
Another European country is angling for admittance into the bad debt club.
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.