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Updated: 2 hours 48 min ago

Report: Iran navy rescues tanker from pirates (AP)

3 hours 32 min ago

AP - Iran's state TV reports that the country's navy has opened fire on pirates to foil an attack on an Iranian oil tanker near the Gulf of Aden.

Categories: BUSINESS

Stock index futures signal lower Wall Street open (Reuters)

3 hours 32 min ago

Reuters - Stock index futures pointed to a lower open for equities on Wall Street on Monday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 down 0.2 to 0.5 percent.


Categories: BUSINESS

GM aims for 10 percent profit margin over next few years: report (Reuters)

3 hours 41 min ago

Reuters - General Motors aims to raise its profit margin to 10 percent over the next several years, up from the current margin of about 6 percent, Daniel Ammann, chief financial officer, told the Wall Street Journal in an interview.

Categories: BUSINESS

Greek parties face EU bailout deadline (Reuters)

3 hours 56 min ago

Reuters - Greece's coalition parties must tell the European Union on Monday whether they accept the painful terms of a new bailout deal to avoid a messy default that could threaten the country's future in the euro zone.


Categories: BUSINESS

Police raids highlight Italy's fight against tax evasion (Reuters)

4 hours 35 min ago

Reuters - The two-man workshop close to the Vatican had been busy when tax police raided it last week, seizing about a million religious articles and souvenirs ranging from rosaries to images of Pope John Paul II.

Categories: BUSINESS

Greek crisis talks for debt deal pushed to Monday (AP)

4 hours 44 min ago

AP - Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government were suspended and will continue Monday.


Categories: BUSINESS

Chrysler's "Halftime" ad: a roadmap for America? (Reuters)

5 hours 13 min ago

Reuters - Is what is good for Chrysler good for America?

Categories: BUSINESS

Mitsubishi Motors to stop making cars in western Europe (Reuters)

6 hours 8 min ago

Reuters - Japan's Mitsubishi Motors Corp (7211.T) said it will end production at its only western European plant, in the Netherlands, at the end of this year, a move that was expected as its sales in Europe have dropped to a third of their peak.

Categories: BUSINESS

Insight: Two firms flourish in frenzied MF Global aftermath (Reuters)

6 hours 30 min ago

Reuters - The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.

Categories: BUSINESS

Asian stocks rise, U.S. jobs gain outweighs Greece (Reuters)

6 hours 41 min ago

Reuters - Asian shares rose on Monday as surprisingly robust U.S. jobs data bolstered investors' risk appetite, but the euro sagged on worries over a lack of progress in Greek debt restructuring talks which are vital to containing the euro zone crisis.


Categories: BUSINESS

Glencore offers 8 percent premium to Xstrata to seal deal: FT (Reuters)

6 hours 52 min ago

Reuters - Commodities trader Glencore International is set to offer a bigger-than-expected premium to seal its proposed $88 billion merger with global miner Xstrata Plc , the Financial Times reported on Monday.

Categories: BUSINESS

Sierra Club Received Millions from Natural Gas Industry (ContributorNetwork)

8 hours 14 min ago

ContributorNetwork - According to a blog post from Sierra Club Executive Director Michael Brune, the environmentalist organization accepted millions of donated dollars from the natural gas industry to fight against coal-fired plants nationwide. Here are the details.

Categories: BUSINESS

Greek parties face Monday EU bailout deadline (Reuters)

13 hours 5 min ago

Reuters - Greece's coalition parties must tell the European Union on Monday whether they accept the painful terms of a new bailout deal as EU patience wears thin with political dithering in Athens over implementing reforms.


Categories: BUSINESS

Pro-EU Niinisto wins Finnish presidency (Reuters)

14 hours 44 min ago

Reuters - Pro-Europe politician Sauli Niinisto won Finland's presidency on Sunday in an election that showed voters want to keep the country in the euro zone despite misgivings over European Union bailouts.

Categories: BUSINESS

Greek crisis talks for debt deal pushed to Monday (AP)

Sun, 05/02/2012 - 23:08

AP - Crisis talks on a debt deal for Greece among the three leaders of parties supporting the coalition government were suspended and will continue Monday.


Categories: BUSINESS

IMF official in Romania rejects criticism (AP)

Sun, 05/02/2012 - 22:05

AP - The head of the IMF mission in Romania has criticized politicians and media for accusing him of misconduct for having attended a party held by government officials at a time of harsh austerity measures.


Categories: BUSINESS

Most Germans want Greece to quit euro: poll (Reuters)

Sun, 05/02/2012 - 14:35

Reuters - The majority of Germans feel the euro currency bloc would be better off if debt-crippled Greece left it, a poll published in mass-selling newspaper Bild am Sonntag showed on Sunday.

Categories: BUSINESS

Nigeria oil line on fire; militants claim attack (AP)

Sun, 05/02/2012 - 14:15

AP - An Eni SpA oil pipeline ruptured and caught fire as a militant group claimed responsibility for an attack in the region, their first alleged assault in months as its purported leader awaits trial on terrorism charges in South Africa.


Categories: BUSINESS

Iran raid likely to drag in U.S. and hurt global economy (Reuters)

Sun, 05/02/2012 - 12:43

Reuters - An Israeli raid on Iran's nuclear facilities would deliver a painful shock to the global economy, revive flagging Islamist militancy and possibly drag the United States into a regional war whether it backed its ally's attack or not.

Categories: BUSINESS

Wen says China has stake in helping Europe (Reuters)

Sun, 05/02/2012 - 12:01

Reuters - China has a stake in helping euro zone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published on Sunday, pointing to Europe's importance as a market and hinting at more possible support for beleaguered exporters.

Categories: BUSINESS

 

 

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