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Bulls will not be tamed by weak profits
[12.02.2012]
NEW YORK: Despite a mediocre earnings season and signs of an overbought market, Wall Street bulls are likely to remain in control this week.
  
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Central Athens burns as lawmakers weigh austerity
[12.02.2012]
ATHENS: Historic cinemas, cafes, shops and banks were set ablaze in central Athens on Sunday as black-masked protesters fought Greek police outside parliament, while inside lawmakers looked set to defy the rage by endorsing a new EU/IMF austerity deal.
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Schaeuble warns Greek promises no longer suffice
[12.02.2012]
BERLIN: Greek promises on austerity measures are no longer good enough because so many vows have been broken and the country that has been a "bottomless pit" has to dramatically change its ways, German Finance Minister Wolfgang Schaeuble said.
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Sun arrests pile pressure on Murdoch media empire
[12.02.2012]
LONDON: Rupert Murdoch is under pressure over his Sun tabloid after the arrests of several senior staff in a corruption probe, but whistleblowers inside his media empire may pose more of a threat than the public outrage that forced the closure of its sister paper.
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Fed minutes to clarify extent of discord on easing
[12.02.2012]
WASHINGTON: A number of top Federal Reserve officials likely saw a need for additional monetary easing at the central bank's meeting last month, although there are few signals the central bank will move soon.
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Airlines urge U.N. deal to avert carbon trade war
[12.02.2012]
SINGAPORE: Global airlines called on Sunday for a U.N.-brokered deal to prevent a row over aviation emissions between China and the European Union spilling into a damaging trade war.
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SEC looks into private equity industry practices: WSJ
[11.02.2012]
The Securities and Exchange Commission has launched an inquiry into how the private equity industry values its investments, how those investments are marketed, and other practices, the Wall Street Journal reported on Saturday.
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Tom Storrs, CEO who helped build Bank of America, dies
[12.02.2012]
Tom Storrs, who set a small North Carolina bank on the path to becoming one of the largest U.S. financial institutions, died Friday at age 93.
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U.S. gasoline price rises to $3.51/gallon: survey
[12.02.2012]
The average price for a gallon of gasoline in the United States rose nearly 12 cents in the past three weeks to about $3.51, due in part to higher prices for North Sea crude oil, according to the nationwide Lundberg Survey.
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Wing cracks could cost Airbus 100 million euros: report
[12.02.2012]
FRANKFURT: Dealing with the wing cracks found in Airbus A380 superjumbos could cost the European plane maker up to 100 million euros ($132 million), a German magazine reported.
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