| Oct 6, 2012
| 4:25 PM
WASHINGTON (Reuters) - The U.S. unemployment rate unexpectedly dropped to 7.8 percent in September and reached its lowest level since President Barack Obama took office, providing a boost to his re-election bid.
The Labor Department said on Friday that...
| Oct 11, 2012
| 10:17 AM
Maybe it was the soaring unemployment, or possibly the deep debt crisis. But as Greece struggles with its myriad troubles, its largest company, Coca-Cola Hellenic, is jumping ship to more stable ground.
The company, one of the world’s largest...
| Oct 30, 2012
| 8:51 AM
Swiss bank UBS will cut 10,000 jobs as it exits from its fixed-income trading business and tries to cut costs and concentrate on wealth management.
The Zurich, Switzerland-based institution, which stated that it is “significantly reshaping its...
| Oct 31, 2012
| 8:13 AM
Unemployment in the 17 nations that make up the Eurozone monetary union reached a record high in September, hitting 11.6% as 18.5 million people found themselves jobless.
That’s 146,000 more workers who lost their jobs last month, according to...
| Jul 5, 2012
| 10:57 AM
The effects of the euro zone debt crisis has reached into some of the holiest of halls, pushing the Vatican into one of its worst budget deficits in years.
The Holy See on Thursday reported a shortfall of 14.9 million euros, or $18.4 million.
| Jul 12, 2012
| 4:20 AM
Welcome to our first live show of the season. Cat is shiny in gold. I won't lie -- I look forward to seeing what she's wearing each week.
Since we're only getting one show a week this season, I was worried we wouldn't get the group numbers we used to...
| Nov 6, 2012
| 10:14 AM
Stable markets, subdued trading volume and concerns that the U.S. markets are too complex caused net income at NYSE Euronext, owner of the world’s largest stock exchange, to tumble 42% in the third quarter.
The New York-based corporation, which...
| Nov 9, 2012
| 9:17 AM
The United States can kiss its position as the world’s largest economy goodbye in a few years, as China and India outrun it, according to new projections by OECD.
Over the next five decades, the global balance of economic power will “shift...
| Nov 28, 2012
| 10:39 AM
On Thursday, Groupon Inc.’s board members will reportedly debate the fate of Andrew Mason, the chief executive of the struggling daily deals site.
But then again, “it would be weird” if they didn’t, he said. “It’s...
| Nov 30, 2012
| 11:14 AM
That most Gallic of pursuits – drinking lots and lots of wine – doesn’t seem to have quite the appeal for the French that it used to.
The average French adult consumed 57 liters of wine – or about 15 gallons – in 2010,...
| Dec 6, 2012
| 2:00 PM
Let's understand President Obama's strategy in the "fiscal cliff" negotiations. It has nothing to do with economics or real fiscal reform. This is entirely about politics. It's Phase 2 of the 2012 campaign. The election returned him to office. The...