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Published: Sun, 22 Apr 2012 20:41:04 GMT

Last Build Date: Sun, 22 Apr 2012 20:41:04 GMT


SANDERS: The politics of bling-bling

Sun, 22 Apr 2012 20:41:04 GMT

As more details seep around the Great Firewall that Beijing's masters once thought would suppress all dissident blogging and as contradictory explanations emanate from Party sources, the case of Bo Xilai and his wife becomes all too familiar.

For those who have tried to follow happenings over the past two ...(image)

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IMF seeks major reform effort

Sun, 22 Apr 2012 20:39:06 GMT

The International Monetary Fund, armed with a replenished arsenal containing billions of dollars to battle Europe's lingering debt crisis, now must press governments in the eurozone to carry out bold changes to reassure nervous financial markets and avoid sending the crisis into a more dangerous phase.

The IMF's final communique ...(image)

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VERSACE: Quarterly numbers point to volatility

Thu, 19 Apr 2012 21:25:04 GMT

Volatility has been the market watchword over the last week, whether measured by the Chicago Board Options Exchange Volatility Index, commonly referred to as the VIX, or by the swings in the major market indices.

While the S&P 500 is essentially flat as I write this, it has gyrated more ...(image)

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Continuation of Ex-Im Bank debated

Thu, 19 Apr 2012 00:44:10 GMT

A former George W. Bush administration official joined Democrats Wednesday in calling for the reauthorization of the U.S. Export-Import Bank as it faces a May 31 deadline to stay in business.

Fiscally conservative House Republicans are balking at reauthorizing the bank, which offers financing aid and other subsidies to help ...(image)

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Parts shortages could slow production of cars

Thu, 19 Apr 2012 00:44:07 GMT

DETROIT | The U.S. auto industry, already stretching to meet rising demand for cars and trucks, is facing shortages of parts and materials that could limit the number of new vehicles in showrooms later this year and crimp a historic turnaround.

The most immediate problem - a shortage of a ...(image)

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First Solar lays off 2,000 workers

Tue, 17 Apr 2012 21:10:05 GMT

NEW YORK | First Solar Inc. is laying off 2,000 workers and closing its plant in eastern Germany, in response to waning demand for solar panels and increased competition from China.

America's largest maker of solar panels said the layoffs amount to 30 percent of its global workforce. Some cuts ...(image)

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Spain's borrowing costs take worrisome jump

Mon, 16 Apr 2012 23:56:06 GMT

MADRID | The interest rate on Spanish government bonds rose sharply on Monday, a sign that investors are becoming more worried about the country's ability to afford mounting debts as its economy shrinks.

The rate, or yield, on the country's 10-year government bonds jumped to 6.10 percent on the secondary ...(image)

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Kim elected to head World Bank

Mon, 16 Apr 2012 23:56:05 GMT

Dartmouth President Jim Yong Kim has been chosen to be the next president of the World Bank, extending the U.S. hold on the top job at the 187-nation development agency.

Mr. Kim, a surprise nominee of President Obama, was selected Monday in a vote by the World Bank's 25-member ...(image)

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IMF calls for 'rebalancing' of global economy

Thu, 12 Apr 2012 23:06:07 GMT

The International Monetary Fund chief called for a "rebalancing" of the global economy that will involve a worldwide safety net similar to the reserve fund that European institutions have created to bail out debt-ridden members.

In a speech at the Brookings Institution on Thursday, Managing Director Christine Lagarde praised the ...(image)

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VERSACE: From the Beige Book, a murky picture emerges

Thu, 12 Apr 2012 23:06:06 GMT

Midweek, the U.S. stock market rebounded following better than expected first-quarter earnings from aluminum maker Alcoa Inc., traditionally the company that kicks off quarterly earnings, and a calming of renewed concerns over Europe.

European worries were one of the drivers behind the steep falloff in the stock market indices early ...(image)

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Feds: Apple fixed e-book prices

Wed, 11 Apr 2012 23:22:05 GMT

The Obama administration has stepped into a heated battle for supremacy in the digital book industry, accusing tech giant Apple of scheming with publishers to fix prices.

The Justice Department's antitrust division on Wednesday filed a lawsuit against Apple Inc., maker of the iPad, and five e-book publishers. It ...(image)

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Fed survey suggests lift for job market

Wed, 11 Apr 2012 23:19:05 GMT

A closely watched Federal Reserve survey of business conditions across the United States suggests last month's pullback in hiring may prove to be temporary.

The survey released Wednesday showed that each of the Fed's 12 bank districts grew steadily from mid-February through April 2. And the survey noted that hiring ...(image)

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SANDERS: Beijing's nightmare scenario

Sun, 08 Apr 2012 19:04:05 GMT

Authoritarian governments are paranoid, but just because they are, as the saying goes, it doesn't mean they aren't threatened. The Chinese regime is no exception. We see a demonstration in the shadowy but decisive action taken by a normally ultracautious regime to purge a leading member.

This political drama results ...(image)

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TONELSON: 'Game-changing' Apple follows an old playbook

Tue, 03 Apr 2012 19:19:05 GMT

A few years back, a national debate broke out over whether Wal-Mart is "Good for America" - as a documentary film asked. These days, it is Apple in the spotlight.

Enthusiasts tout Apple's game-changing innovations and its investors' breathtaking returns. Critics decry Dickensian conditions in this cash machine's Chinese factories, ...(image)

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BC-US-SCI--Bee-Pesticide, 2nd Ld-Writethru,715

Thu, 29 Mar 2012 19:58:04 GMT

BC-US-SCI--Bee-Pesticide, 2nd Ld-Writethru,715

Latest buzz on bee decline: Maybe it's pesticides

AP Photo WX114, WX115


WASHINGTON (AP) - A common class of pesticide is causing problems for honeybees and bumblebees, important species already in trouble, two studies suggest.

But the findings don't explain all the reasons behind a long-running ...(image)

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Airlines rally against EU carbon tax

Mon, 12 Mar 2012 01:26:06 GMT


PARIS | Airbus and six European airlines have written to four EU leaders attacking the carbon tax imposed by the European Union, a source close to the dossier told AFP on Sunday.

Plane maker Airbus, British Airways, Virgin Atlantic, Lufthansa, Air France, Air Berlin and Iberia have written ...(image)

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Economy Briefs: Abu Dhabi developers start merger negotiations

Sun, 11 Mar 2012 21:49:05 GMT


Abu Dhabi developers start merger negotiations

DUBAI | Aldar Properties, the struggling Abu Dhabi real estate developer, said Sunday it is launching talks with its smaller rival, Sorouh Real Estate, about a possible merger.

It would be supported by the Gulf emirate's government.

The proposed tie-up would unite the ...(image)

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Economy Briefs

Thu, 16 Feb 2012 23:47:06 GMT


Sears lays off 100 at Illinois headquarters

CHICAGO | Sears laid off 100 workers at its headquarters outside of Chicago on Thursday, two months after the company got a hefty tax credit for dropping a threat to move its headquarters out of state.

Sears Holding Corp. spokesman Chris Brathwaite ...(image)

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Economy Briefs

Tue, 14 Feb 2012 00:13:08 GMT


Volcker defends ban on proprietary trading

Former Federal Reserve Chairman Paul Volcker on Monday issued a broad defense of a federal rule bearing his name that would prohibit banks from trading for their own profit.

Commercial banks backed by government deposit insurance shouldn't be able to engage in speculative ...(image)

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Economy Briefs

Sun, 12 Feb 2012 23:16:06 GMT


Drop in natural-gas prices leading to less drilling

PITTSBURGH | As natural-gas prices continue to drop, the recent nationwide boom in drilling is slowing. Drillers don't make money if prices go too low -- and drilling wells isn't cheap.

"It is safe to say that there will be fewer ...(image)

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Economy Briefs

Fri, 30 Dec 2011 00:19:05 GMT


Jobless claims rise after steady declines

The number of people seeking unemployment benefits rose last week after three weeks of decline.

Even with the gain, applications remained at a level consistent with modest hiring. The broader trend over the past month suggests job growth could pick up further in ...(image)

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Economy briefs

Thu, 22 Dec 2011 01:13:07 GMT


New changes aimed at improving transparency

BERLIN | Facebook Inc. has agreed to make several changes to its services to improve transparency and better protect the personal data of its millions of users outside of the U.S., following an in-depth audit of its international headquarters that was released Wednesday.


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Stocks soar on positive Europe news, strong housing starts

Tue, 20 Dec 2011 15:50:58 GMT

NEW YORK (AP) — Encouraging signs out of Europe and a surprisingly strong report on the U.S. housing market drove the Dow Jones industrial average up more than 300 points Tuesday. It was the best day for stocks this month.

The Spanish government pulled off a successful debt auction, and gauges of ...(image)

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AT&T will drop bid for T-Mobile

Tue, 20 Dec 2011 02:51:04 GMT

LOS ANGELES | AT&T Inc. is hanging up on its $39 billion bid to buy smaller wireless provider T-Mobile USA, nearly four months after the U.S. government raised concerns that it would raise prices, reduce innovation and give customers fewer choices.

The long-expected announcement left AT&T grumbling about a shortage ...(image)

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Economy Briefs

Tue, 13 Dec 2011 02:42:08 GMT


Fed nears a plan to clarify direction of rates

The Federal Reserve under Ben S. Bernanke has done more to explain its policies to the public than ever before. It's ready to go further still.

A Fed policy meeting Tuesday will likely focus, in part, on an evolving ...(image)

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