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European Union “negligence” is to blame for the financial crisis roiling the continent, said Turkey’s president Friday, contrasting the EU’s malaise with his country’s economic and political dynamism.
Gul also called for a revamping of the U.N. Security Council, suggesting its permanent members no longer reflected the shift in influence from the postwar equation when the […]
Jailed financier Bernard Madoff’s multibillion-dollar Ponzi scheme stretched back at least to the early 1970s, when his employees used historical information about stocks to create false trades that could be placed on customer statements, a former trader revealed as he pleaded guilty Monday to criminal charges.
David Kugel pleaded guilty in U.S. District Court in Manhattan […]
LMI Aerospace Inc., a St. Charles-based provider of engineering services and components to the aircraft industry, reported net income for the third quarter of $4.1 million, or 35 cents per share, compared with $2.6 million, or 23 cents a share, in the third quarter of 2010. Sales of $64.8 million in the third quarter were […]
One-time Sandinista revolutionary Daniel Ortega took a big early lead in presidential elections Sunday, amid reports of protests and international observers being blocked from voting stations.
Ortega, the incumbent and heavy favorite, had 66 percent of the votes compared to 25 percent for his nearest challenger, Fabio Gadea. Conservative Arnoldo Aleman, a former president, was a […]
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Stocks slid ahead of a confidence vote for Greece’s embattled prime minister Friday. Investors are worried that the country might not go through with an austerity program needed to prevent a messy default on its debt. The Dow Jones industrial average was down almost 170 points in morning trading.
Groupon Inc. jumped 39 percent to $27.89 […]
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The manufacturing disruptions from the flooding in Thailand are continuing to take their toll on Japanese automakers.
Honda Motor Co. said Friday it is still unclear when its flooded Thai auto plant that has annual capacity of 240,000 vehicles can restart production. The automaker said production reductions will continue in Japan, North America and Europe, as […]