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The leaders of Germany and France, the eurozone’s two biggest economies, say they have reached agreement on strengthening Europe’s shaky banking sector.
German Chancellor Angela Merkel says she and French President Nicolas Sarkozy “are determined to do the necessary to ensure the recapitalization of Europe’s banks.”
Merkel spoke after talks with Sarkozy at Berlin’s chancellery Sunday aimed […]
Makers of the controversial chemical bisphenol-A have asked federal regulators to phase out rules that allow its use in baby bottles and sippy cups, saying those products haven’t contained the plastic-hardening ingredient for two years.
The unusual request from the American Chemistry Council may help quash years of negative publicity from consumer groups and head off […]
Filed under: economics, lenders by Finance Boss
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Finance ministers from the 17 euro countries will grapple over Greece’s ever-worsening debt crisis, a day after Athens revealed its deficit will be higher than previously promised.
Meeting the budget targets is a precondition for getting the next euro8 billion ($10.8 billion) installment of the country’s first, euro110 billion bailout.
Although the ministers have already said they […]
Filed under: business, management by Finance Boss
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Powerful Hurricane Hilary is moving away from Mexico but is still churning up dangerous surf in the Pacific.
Hilary was still a Category 4 storm late Saturday morning, with maximum sustained winds near 140 mph (225 kph).
The hurricane is not forecast to make landfall, but the U.S. National Hurricane Center says Mexico’s coast has been affected […]
Filed under: Uncategorized, finance by Finance Boss
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Meg Whitman, eBay’s former chief executive, was named Thursday to lead Hewlett-Packard, the company said.
She replaces Leo Apotheker, the company’s chief executive, after only 11 months on the job. He is also stepping down as a director.
But Apotheker’s strategy, including consideration of spinning off H-P’s personal computer business from other parts of the company, will […]
Filed under: Small Business, mortgage by Finance Boss
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Iraq’s government says it has retrieved $116 million from French bank accounts that were registered to a former official in Saddam Hussein’s regime.
A statement by the Iraqi Integrity Commission says the recovered money includes $106 million from an account with UBAF bank and $10 million in accounts scattered across several other banks in France.
The statement […]
Filed under: Small Business, online by Finance Boss
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The dismal U.S. job market, which has intensified fears of another recession, may be even worse than the unemployment numbers suggest.
The shockwaves from the Labor Department report on Friday that employers stopped hiring in August have rippled around the world, sparking a steep retreat in Asian stock markets. The lack of hiring in the U.S. […]
Filed under: Small Business, economics by Finance Boss
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The Canadian economy stalled in the second quarter, contracting slightly as exports dropped amid the global economic slowdown.
Statistics Canada said Wednesday that Canadian gross domestic product shrank 0.1 per cent in the three months ended June 30, or at an annualized pace