Category archives for: Business

Greek politics, Spain banks test eurozone survival – The Associated Press

The Associated PressGreek politics, Spain banks test eurozone survivalThe Associated PressBy ALAN CLENDENNING, AP Business Writer – 1 minute ago MADRID (AP) — Chaos in Greek politics and Spanish banking combined this week to underscore just how fra…

US Mint strikes 9/11 medals as memorial fundraiser – San Francisco Chronicle

US Mint strikes 9/11 medals as memorial fundraiserSan Francisco Chronicle(05-18) 10:01 PDT West Point, NY (AP) — Medals in memory of the Sept. 11 attacks are being struck from silver at the US Mint at West Point. The mint next to US Military Academy s…

Spanish bank hit by report of withdrawals – BusinessWeek

Telegraph.co.ukSpanish bank hit by report of withdrawalsBusinessWeekA recently nationalized Spanish bank's shares plummeted Thursday after a newspaper said depositors were rushing to withdraw money, while the country paid sharply higher interest ra…

Foreclosures down, short sales up. Are banks getting smart? – Christian Science Monitor

Christian Science MonitorForeclosures down, short sales up. Are banks getting smart?Christian Science MonitorForeclosures are down to their lowest levels in nearly five years. One reason: Lenders are increasingly using short sales, instead. By Laurent …

Berkshire Hathaway buying Richmond Times-Dispatch, other Media General papers – Washington Post

Globe and MailBerkshire Hathaway buying Richmond Times-Dispatch, other Media General papersWashington PostNewspapers are yesterday's news in a digital world, or so many believe. Warren Buffett, one of the world's savviest investors, begs to dif…

Gauge of US economy dipped 0.1 percent in April – The Associated Press

KOMO NewsGauge of US economy dipped 0.1 percent in AprilThe Associated PressBy MARTIN CRUTSINGER, AP Economics Writer – 1 minute ago WASHINGTON (AP) — A measure of future US economic activity fell in April after six months of increases. The drop re…

Sears Holdings returns to a profit in 1st quarter – Los Angeles Times

Globe and MailSears Holdings returns to a profit in 1st quarterLos Angeles TimesAP Sears Holdings Corp.returned to a first-quarter profit, benefiting from a gain on the sale of some stores. The Hoffman Estates, Ill., company, which runs Sears, Kmart an…

US Treasurys Bounce Into Gains After FOMC Minutes – Wall Street Journal

Globe and MailUS Treasurys Bounce Into Gains After FOMC MinutesWall Street JournalBy Cynthia Lin Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–US Treasury prices swung into positive territory Wednesday after details from the Federal Reserve's April …

How JPMorgan’s storm in a teapot grew – Financial Times

Telegraph.co.ukHow JPMorgan's storm in a teapot grewFinancial TimesThe former Deutsche Bank trader – now a hedge fund manager and one of the world's most prominent credit investors – was about to reveal his big investment idea to an audienc…

Outgoing World Bank chief: Fix eurozone – CNNMoney

Telegraph.co.ukOutgoing World Bank chief: Fix eurozoneCNNMoneyBy Jennifer Liberto @CNNMoney May 16, 2012: 2:51 PM ET WASHINGTON (CNNMoney) — Outgoing World Bank President Robert Zoellick said Wednesday he's concerned about the "ripple effects…

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