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Spanish unemployment, the highest in Europe, rose in the first quarter as inflation accelerated, threatening to undermine the nation’s recovery from its worst recession in six decades.
Joblessness rose to 21.3 percent, the National Statistics Institute said today in Madrid, compared with 20.3 percent in the previous three months and a median forecast of 20.7 […]
Motorola Mobility Holdings Inc., the maker of cellphones and cable set-top boxes that split off from the rest of Motorola in January, says it narrowed its loss in the latest quarter as it nearly doubled shipments of smartphones.
Motorola Mobility posted a loss of $81 million, or 27 cents per share, for the January to March […]
Lee Enterprises, owner of the St. Louis Post-Dispatch, today revised its proposed refinancing plan, announcing that it would offer common stock to buyers of its new debt.
The company said it will issue $680 million in first-lien notes which will mature in 2017, and $375 million in second-lien notes due in 2018.
Buyers of the second-lien notes will […]
A renegade warlord in Ivory Coast says he is ready to lay down his arms as ordered by the new president, but says it will take time to organize.
In an interview with The Associated Press Saturday, Gen. Ibrahim “IB” Coulibaly said that one could not just dispose of arms in the streets. He spoke from […]
China central bank adviser Xia Bin said his comment about a possible one-off revaluation of the yuan has been taken out of context and he can’t say whether the currency will quickly strengthen.
The “entire context” was missing, Xia, a Beijing-based economist said in a phone interview today. Asked whether the yuan will appreciate quickly […]
Shells and heavy fighting are shaking the walls of homes and prompting residents to flee parts of the northern Yopougon suburb in Ivory Coast’s largest city.
It appears to be an offensive by forces of President Alassane Ouattara to dislodge die-hard militiamen loyal to arrested former President Laurent Gbagbo.
A resident in the Kuwait area of the […]
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Peak Resorts Inc., which owns Hidden Valley ski area in Wildwood, filed Monday for a $40.3 million initial public offering of its common stock.
Peak Resorts’ filing documents must still be approved by the Securities and Exchange Commission. If completed, it will be the first IPO by a St. Louis area company since American Railcar Industries […]
China increased banks’ reserve requirements to lock up cash and limit inflation after economic growth exceeded forecasts and consumer prices rose by the most since 2008.
Reserve ratios will rise a half point from April 21, the People’s Bank of China said in a one-sentence statement on its website today. The move, taking the requirement […]
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Investors hoping brand-new CEO Larry Page would pull a rabbit out of his hat were disappointed Thursday, when Google reported a quarterly profit that rose from year-ago results but missed Wall Street’s forecasts.
Shares of Google (GOOG, Fortune 500) dropped 5% after hours.
Google is still making gobs of money. The world’s online search leader […]
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