Eurozone finance ministers OK release of $10.7 billion bailout loan for Greece
November 30th, 2011
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Germany insisted Monday that it has no plans to float bonds together with the eurozone’s five other triple A rated nations and use the proceeds to provide assistance to some of the single currency bloc’s indebted members, such as Italy and Spain.
The Finance Ministry’s denial came as the International Monetary Fund also dismissed reports it […]
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 […]
Baby boomers fully embraced the stock market by riding its ups and downs throughout their peak income years.
But now that the oldest boomers are turning 65, their focus has turned toward ensuring a steady income from their investments. And they’re likely to find that the answer is to put money in bonds rather than stocks, […]
Not everyone is happy about the return of layaway.
I wrote a story that appeared in today’s paper about how more retailers have been bringing back or expanding their layaway programs this holiday shopping season.
But some critics note that consumers could end up spending more on layaway fees than they would through the rates on their […]
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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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Black Friday is shaping up to be a midnight affair this year.
Macy’s and Target have already announced that they will open at midnight this year instead of at 4 a.m. on the day after Thanksgiving as they did last year. Kohl’s will also open at midnight and not at 3 a.m. as it did last […]
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Greece’s international creditors warn that a second rescue package tentatively agreed in July may not be enough to save the country from bankruptcy, but believe Athens should nevertheless get its next batch of bailout loans, according to a draft of a debt inspectors’ report obtained Thursday by The Associated Press.
Although the inspectors said Greece has […]
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