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Updated: 17 hours 51 sec ago

Siemens industry units wobble as Europe falters

Sun, 07/22/2012 - 11:10am
Europe's biggest engineering conglomerate Siemens looks set to report a decline in third-quarter new orders of its flagship products as manufacturing demand across the region continues to wrestle with ...

Rake shuns Barclays chairman role: sources

Sun, 07/22/2012 - 11:10am
Michael Rake, deputy chairman of Barclays Plc , has ruled himself out of contention to be its new chairman, striking a blow to the UK bank as it hunts for new leadership to steer it through its interest ...

Green fleet upstarts make conventional Washington moves

Sun, 07/22/2012 - 8:10am
Two companies involved on the ground level of an expensive Pentagon effort to embrace biofuels have used familiar strategies in building their profiles in Washington, using hefty campaign contributions ...

Super rich hold $32 trillion in offshore havens

Sun, 07/22/2012 - 8:10am
Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published ...

Rupert Murdoch quits boards of British papers

Sat, 07/21/2012 - 9:05pm
News Corp's Rupert Murdoch has stepped down from a string of boards overseeing the Sun, Times and Sunday Times newspapers in Britain, the company said in an internal memo on Saturday. The company described ...

EU sets terms for Hutch's Orange Austria bid: paper

Sat, 07/21/2012 - 2:50pm
EU regulators will allow a bid by Hongkong's Hutchison 3G to buy France Telecom's Orange Austria if the new combined group permits other Austrian operators to access its network, an Austrian daily said ...

Ex-bankers go solo in the Gulf

Sat, 07/21/2012 - 1:35pm
After a 16-year career at Morgan Stanley Lebanese-born banker May Nasrallah detected a gap in the Middle East market for advising small companies, prompting her to leave the bank and set up her own financial ...

Credit Suisse won't sell investment bank: chairman

Sat, 07/21/2012 - 9:50am
Credit Suisse will not sell or spin off its investment bank but is seeking to improve its business model as tighter regulation makes the risky unit less profitable, the Swiss bank's chairman was quoted ...

European Investment Bank agrees to fund Greek firms

Sat, 07/21/2012 - 9:50am
The European Investment Bank will provide 1.44 billion euros in loans to struggling Greek firms, providing a stimulus to the debt-laden country's ailing economy, Greece's finance ministry said on Saturday. ...

ECB's Draghi says euro not in danger

Sat, 07/21/2012 - 7:30am
European Central Bank President Mario Draghi said that the euro was not in danger despite some analysts' worse case scenarios for a break-up and said that greater financial, budgetary and political union ...

ECB's Coeure says negative bank deposit rate an option

Sat, 07/21/2012 - 1:00am
Cutting the deposit rate the European Central Bank offers lenders in the euro zone below zero is an option, ECB Executive Board Member Benoit Coeure said on Friday. The ECB cut its main interest rate early ...

U.S. SEC, CFTC seek Japan's help in Tibor probe: Nikkei

Fri, 07/20/2012 - 11:45pm
The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission have asked Japanese banks and regulators for help in checking whether the Tokyo interbank offered rate, known as ...

Exclusive: Labor Dept looking into JPMorgan stable value fund

Fri, 07/20/2012 - 10:00pm
The U.S. Department of Labor is looking into whether JPMorgan Chase & Co violated its fiduciary duty under the Employee Retirement Income Security Act in connection with one of its stable value funds. ...

Former bank employees sue over alleged discrimination

Fri, 07/20/2012 - 10:00pm
Two separate lawsuits alleging racial discrimination were filed in federal court in New York on Friday, against Bank of America and investment bank Cantor Fitzgerald . Jack Mitchell, who is black and worked ...

Nasdaq boosts Facebook compensation plan to $62 million

Fri, 07/20/2012 - 10:00pm
Nasdaq OMX Group Inc plans to pay out $62 million in cash to firms that lost money in the bungled Facebook Inc initial public offering in May, modifying an earlier plan that drew intense criticism from ...

Wall Street Week Ahead: Apple, Facebook take the spotlight

Fri, 07/20/2012 - 8:45pm
The trend of better-than-expected earnings will be put to the test in the coming week when investors hope Apple can exceed already high expectations for the tech giant and Facebook reports its first quarterly ...

AT&T, CWA reach agreements "in concept"

Fri, 07/20/2012 - 8:45pm
The second largest U.S. mobile operator AT&T Inc reached agreements "in concept" with the Communications Workers of America in AT&T Midwest and AT&T Corp core wireline contract negotiations. ...

Nasdaq says filing $62 million Facebook compensation plan

Fri, 07/20/2012 - 7:25pm
Nasdaq OMX Group Inc said on Friday it will file a $62 million compensation plan for firms that lost money in the bungled Facebook Inc initial public offering in May. The fund is $22 million larger than ...

ING mutual fund vote marks first win for rights activists

Fri, 07/20/2012 - 7:25pm
A shareholder group scored its first voting victory after five years of urging mutual funds to sell stocks tied to Sudan, but the win underscores the challenges human rights activists often face. On June ...

GE second quarter profit tops Wall Street view

Fri, 07/20/2012 - 6:25pm
General Electric Co on Friday reported a 2.5 percent rise in profit from continuing operations, topping Wall Street expectations, as solid demand in the United States and emerging markets offset weakness ...

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