May 14th, 2012
Shares of Chesapeake Energy plunged late Friday after the heavily indebted firm revealed that it may be forced to delay some asset sales.
In a filing with the Securities and Exchange Commission, Chesapeake (, Fortune 500) said it may have to postpone some previously planned sales of assets, such as oil and gas wells, because […]
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May 11th, 2012
The euro-region economy will return to growth in 2013 with only Spain among its 17 members remaining in recession, the European Commission said.
Gross domestic product will rise 1 percent in 2013 after declining 0.3 percent in 2012, the commission said today. While Greece will have the deepest slump this year, with GDP declining 4.7 […]
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May 9th, 2012
The Federal Reserve has for the first time given approval for a large Chinese bank to purchase a U.S. bank. It also gave approval to two other large Chinese banks to expand their operations in the United States.
The Fed board announced Wednesday it was approving the application of the Industrial and Commerce Bank of China […]
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May 8th, 2012
April’s jobs report was, in a word, disappointing. The economy added only 115,000 jobs. Hiring slowed. More than 340,000 workers dropped out of the labor force.
April’s report, which follows lackluster numbers for March, is particularly bad news for President Obama’s campaign staff in Chicago.
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April 7th, 2012
Renting used to be cheaper than buying. But in many U.S. cities that’s no longer the case, as rents continue to climb and home prices stagnate.
While asking prices for homes declined 0.7% over the past 12 months through March, rents rose 5%, according to a report released Thursday by real estate listing site Trulia. […]
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March 31st, 2012
Irish Finance Minster Michael Noonan laid out plans to ease the immediate burden of repaying the country
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March 12th, 2012
Riccardo Coladarci, a firefighter in Rome for seven years, is trapped and says now it
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February 28th, 2012
Procter & Gamble announced plans Thursday to cut 5,700 positions globally by June of next year.
In a presentation to the Consumer Analyst Group of New York, Procter & Gamble () CEO Bob McDonald and CFO Jon Moeller said the cuts were part of a plan to save $10 billion in costs by 2016. […]
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February 20th, 2012
Japanese Finance Minister Jun Azumi said his nation and China will work together to help Europe solve its debt crisis through the International Monetary Fund.
Europe needs a bigger so-called firewall of added funding to contain the crisis, even as Greece shows some improvement in solving its financial woes, Azumi told reporters in Beijing today […]
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February 7th, 2012
Egypt has released the names of 19 Americans who face trial over activities of their nonprofit groups in Egypt, a case that has soured U.S.-Egypt relations.
One of the 19 is the son of U.S. Transportation Secretary Ray LaHood.
Sam LaHood and five other Americans are in Egypt. The others have left, according to a statement from […]
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