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The U.S. trade deficit widened in November for the first time in five months, largely because of a spike in the price of imported oil.
Still, exports fell for a second straight month, a sign that Europe’s slowdown has begun to affect the U.S. economy.
The trade gap rose 10.4 percent to $47.8 billion, the Commerce Department […]
AT&T Inc. and the Justice Department have agreed to put off their upcoming antitrust trial over the phone company’s proposed acquisition of smaller rival T-Mobile USA while the wireless carriers determine the fate of the deal.
U.S. District Judge Ellen Segal Huvelle quickly approved their motion Monday to cancel their February trial and set a Jan. […]
Filed under: loans, technology by Forest
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Back in the winter of 2009, when the stock market crash was near its bottom, an editor at the Post-Dispatch gave up in defeat.
“I couldn’t take it any more. I sold everything,” he told me. He had sold all the stock investments in his 401(k).
That put me in a quandary. Should I tell the fellow […]
Egypt’s military rulers picked a prime minister from ousted leader Hosni Mubarak’s era to head the next government in a move quickly rejected by tens of thousands of protesters, while the United States ratcheted up pressure on the generals to quickly transfer power to a civilian leadership.
More than 100,000 people packed into Cairo’s central Tahrir […]
A former banker at Switzerland’s UBS AG has been sentenced to five years’ probation and no jail time for tax fraud because of his assistance in uncovering other tax evasion cases.
A federal judge in Miami agreed Friday that 45-year-old Renzo Gadola deserved leniency. He pleaded guilty in 2010 to tax fraud conspiracy and has been […]
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Ford’s credit rating was lifted to within one level of investment grade Friday, making it cheaper for the automaker to borrow, after it secured a new contract with workers.
Standard & Poor’s Ratings Services raised Ford two levels to “BB+” from “BB-,” saying the agreement will allow its North American operations to remain profitable.
Ford Motor Co. […]
Asian stocks rose Wednesday as investors hoped for good news from corporate earnings reports due soon in the U.S, while European shares fell after Slovakia’s rejection of more financial firepower for the region’s bailout fund.
Oil prices fell to near $85 a barrel while the dollar was weaker against the euro and the yen.
European stocks slipped […]