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Fierce political rivalries kept Greece from resolving its leadership crisis as an anti-bailout party refused Monday to return to power-sharing talks.
For the ninth straight day, Greek party leaders were struggling to form a coalition government, riven by differences over the harsh austerity measures demanded by international creditors in return for rescue loans. The impasse means […]
American Airlines says it is agreeing with creditors to consider potential mergers while it is still under bankruptcy protection.
American parent AMR Corp. says that the company and its bankruptcy creditors agreed to develop “potential consolidation scenarios,” but that didn’t mean it would pursue a deal with any particular party.
Still, Friday’s announcement suggested that events could […]
Surprise! The budget battles are back.
In an effort to avoid cuts to defense spending, House Republicans are pushing a bill that would shift hundreds of billions in spending cuts from the Pentagon to domestic programs, services for the poor and government regulators.
The plan would strip regulators of the ability to wind down failing […]
The candidate for Egypt’s most influential political force, the Muslim Brotherhood, warned Tuesday that the country’s upcoming presidential race may be rigged, a sign of rising tensions as his group faces off against one of ousted leader Hosni Mubarak’s most powerful deputies.
Khairat al-Shater, who is also the Islamist group’s chief strategist and financier, said that […]
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The stock market is on a roll this year. The pros are bullish, yet John and Jane Public are still scared of stocks.
The market, as measured by the S&P 500 Index, is up 12 percent so far this year, its best first-quarter rally since 1998. But small investors are missing the party.
They have been yanking […]
Flat sales at its materials division held down earnings at German pharmaceutical and chemicals firm Bayer AG as it recorded profit of euro397 million ($533 million) in the fourth quarter.
The earnings reported Tuesday compare to a loss of euro145 million a year ago, when the company had one-time losses of euro945 million including impairment charges […]
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Sears Holdings says its hasn’t yet determined which 100 to 120 Kmart and Sears stores it will close after a disappointing holiday sales season.
The company, which has 4,000 stores in the U.S. and Canada, announced today that it would close this number of stores after sales at its Kmart and domestic Sears stores in this […]
Filed under: Uncategorized, uk by Finance Boss
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A half-century-old program that helps workers who lose their jobs to foreign trade holds the key to whether Congress may finally approve three long-delayed free trade agreements viewed by both the Obama White House and congressional Republicans as a way to invigorate the economy and create jobs.
It’s a classic Washington trade-off.
Many Democrats don’t like the […]