Apple, major e-book publishers in EU antitrust probe
December 6th, 2011
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India’s ruling party faced a potentially damaging setback Sunday after an important coalition ally said the government had reversed its decision to throw open the country’s huge retail sector to foreign investors.
The government has not officially announced a change in its policy on foreign direct investment, but a reversal would be an embarrassment for the […]
Filed under: interest rate, management by Forest
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Gunmen have freed three foreign workers, two from the U.S., kidnapped from a ship supplying a Chevron Corp. offshore oil field near Nigeria’s coast, authorities said Friday.
The U.S. Embassy in Abuja and Chevron separately confirmed the release of the kidnapped workers from contractor Edison Chouest Offshore, based in Galliano, Louisiana. A spokesman for Edison Chouest […]
Egypt’s benchmark stock index is extending its gains for the third consecutive day, after landmark parliamentary elections eased investor sentiment about the country’s political instability.
The Egyptian Exchange’s EGX30 index was up about 1.25 percent by 1:15 p.m. local time on Thursday, climbing to 4,070 points. The index posted gains slightly under 1 percent on Wednesday […]
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 […]
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 […]
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, […]
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 […]
Filed under: Uncategorized, loans by Forest
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Stocks are opening broadly higher after an unexpected drop in unemployment claims and signs of progress in Europe’s debt crisis. The gains came one day after the Dow Jones industrial average sank nearly 400 points.
Concerns about Europe eased slightly after Italy sold debt at borrowing rates that were more favorable than analysts expected. Greece named […]