High & Low Finance: Playing Make-Believe With Greece
Treating bad loans as if they were fine landed a commercial banker in legal trouble. But the president of the European Central Bank is doing the same for Greek debt.
Miesiąc: Czerwiec 2011
Dow Adds 153 Points to Close the Quarter Higher
Developments in Greece helped stocks in the United States, closing a volatile quarter marked by debt concerns in the euro zone and by a struggling economic recovery at home.
Trade Deal Stops With Senate Republicans
Senate Republicans blocked an initial hearing on three trade agreements, again halting the process despite an earlier agreement between the White House and House Republicans.
Mobile Phone Roaming Charges Set to Drop in Europe
The per minute charge for making a voice call in the European Union is to fall on Friday to 35 cents a minute from 39 cents, and to 11 cents from 15 cents for receiving a call.
DealBook: Lloyds Plans to Cut 15,000 Jobs
The Lloyds Banking Group said that it also planned to scale back its overseas operations as part of a larger reorganization aimed at allowing the British government to sell its stake in the lender.
Mobile Phone Roaming Charges Set to Drop on Friday
The per minute charge for making a voice call in the European Union is to fall to 35 cents a minute from 39 cents, and to 11 cents from 15 cents for receiving a call.
Afghans Arrest Two Officials Over Kabul Bank Collapse
Afghan officials said on Thursday that they have arrested two former executives involved in an alleged $1 billion in fraudulent loans connected to the bank’s collapse.
German Banks Agree to Roll Over Greek Debt
The financing plan is based on a similar agreement with France and its banks and is seen as crucial to securing more aid for Greece.
Optimism on Greece Pushes Stocks Higher
Greek movement on debt relieved investors, but a report on claims for American jobless benefits tempered enthusiasm about the economic recovery in the United States.
Greek Parliament Approves Implementation of Austerity Plan
Greek lawmakers on Thursday passed legislation allowing for the rapid implementation of new austerity measures.
Public Workers Strike in Britain Over Pensions
Hundreds of thousands of teachers and workers across Britain walked off their jobs on Thursday as unions warned of a wave of strikes.
DealBook: Lloyds Announces Plan to Cut 15,000 Jobs
The Lloyds Banking Group said on Thursday that it planned to eliminate 15,000 jobs by the end of 2014 and scale back its overseas operations as part of a larger reorganization aimed at allowing the British government to sell its stake in the lender.
Greek Parliament Expected to Back Implementation of Austerity Plan
Street protests continued in Athens as Greek lawmakers were expected on Thursday to pass legislation allowing for the rapid implementation of new austerity measures.
DealBook: Lloyds Announces 15,000 Layoffs
Lloyds Banking Group said Thursday that it plans to cut 15,000 jobs by the end of 2014 and scale back its overseas operations as part of a larger reorganization aimed at allowing the British government to sell its stake in the lender.
Stocks & Bonds: U.S. and European Markets Rise on Optimism Over Greek Vote
Stocks rose before and after the approval as investors registered confidence that Greece would pass austerity measures to win another installment of aid.
Bank of America Settles Claims Stemming From Mortgage Crisis
The charge, which will drive the company to a multibillion-dollar loss in the second quarter, is the biggest single settlement tied to the subprime mortgage boom.
Hand-Held Tools for Digital Scribblers
With styluses for touch-screen computers and all-in-one “smartpens,” handwriting still has its uses in a digital world.
Sudanese Leader Is Welcomed in Visit to China
Meeting in the Great Hall of the People on Tiananmen Square, Omar Hassan al-Bashir, called President Hu Jintao “a friend and brother” before the two entered private talks.
Sony Names New Management for Global PlayStation Unit
With a global hacking attack and the rise of apps cutting into PlayStation’s power, Sony shuffles the top management for its video game unit.
Egyptian Seeds Are Linked to E. Coli in Germany and France
European health officials have cautiously identified contaminated fenugreek seeds as a probable common link between the large outbreak in Germany and a smaller one in France.