Business

Greek Crisis Has Pharmacists Pleading for Aspirin

Wed, 11 Jan 2012 13:14:00 -0500

For patients and pharmacists in financially stricken Greece, even finding aspirin has turned into a headache.

French credit downgrade could come 'within days'

Mon, 19 Dec 2011 14:53:00 -0500

France could be stripped of its triple-A credit rating before Christmas, raising new doubts about the survival of the euro, analysts have predicted.

Most stock funds post losses this year; bonds gain

Mon, 19 Dec 2011 14:53:00 -0500

The average diversified U.S. stock mutual fund has fallen 5.9% this year, vs. a 1.4% loss for the Standard & Poor's 500-stock index, says Lipper, which tracks the funds. Out of 8,036 funds, 7,399, or 92%, are showing a loss — and some are doozies.

H.K. Tops U.S., U.K. in Financial Market Growth

Wed, 14 Dec 2011 07:55:00 -0500

Hong Kong topped the World Economic Forum’s 2011 index of financial market development, supplanting the U.S. and U.K. from the highest rankings for the first time.

Some major U.S. hotels moving into Iraq

Wed, 14 Dec 2011 07:43:00 -0500

Some major U.S. hotel chains are planning to go into Iraq just as the last of U.S. troops are pulling out.

American Airlines files for Ch. 11 bankruptcy protection

Wed, 30 Nov 2011 06:43:00 -0500

American Airlines' parent company is seeking Chapter 11 bankruptcy protection as it seeks to unload massive debt built up by years of accelerating jet fuel prices and labor struggles.

Eurozone ministers OK $10.7 billion Greek loan

Wed, 30 Nov 2011 06:42:00 -0500

Eurozone ministers threw a lifeline to Greece on Tuesday as they scrambled to prevent financial chaos from spreading further and driving Europe's common euro currency into a catastrophic breakup.

Recession hits families hard as half of Americans fear they won't be able to do their holiday shopping

Wed, 30 Nov 2011 06:30:00 -0500

One in five Americans lost a sizeable amount of their disposable income during the recession, leaving them financially vulnerable and without many options.

Europe ramps up rescue fund, may turn to IMF

Wed, 30 Nov 2011 06:30:00 -0500

Euro zone ministers agreed on Tuesday to ramp up the firepower of their rescue fund but couldn't say by how much and raised the possibility of asking the IMF for more help after Italy's borrowing costs hit a euro lifetime high of nearly 8 percent.

Fitch Keeps U.S. Credit Rating at ‘AAA’, Cuts Outlook to Negative

Tue, 29 Nov 2011 13:32:00 -0500

Fitch Ratings kept its pristine AAA rating on the U.S. on Monday, but the credit-ratings company downgraded its outlook to “negative” in the wake of the Supercommittee’s failure to find $1.2 trillion in spending cuts.

OECD: euro collapse would have 'highly devastating outcomes' worldwide

Tue, 29 Nov 2011 13:32:00 -0500

The collapse of the euro could send the world's advanced economies into a severe recession, dragging emerging markets with them into the mire, the Organisation for Economic Co-operation and Development warned on Monday.

Secret Fed Loans Gave Banks $13 Billion

Tue, 29 Nov 2011 13:32:00 -0500

The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.

Malls track shoppers' cell phones on Black Friday

Fri, 25 Nov 2011 09:51:00 -0500

Attention holiday shoppers: your cell phone may be tracked this year. Starting on Black Friday and running through New Year's Day, two U.S. malls -- Promenade Temecula in southern California and Short Pump Town Center in Richmond, Va. -- will track guests' movements by monitoring the signals from their cell phones.

Massive global health fund says it's broke

Fri, 25 Nov 2011 09:51:00 -0500

The world's biggest financier in the fight against three killer diseases says it has run out of money to pay for new grant programs for the next two years — a situation likely to hit poor AIDS patients around the world.

Some 15% of U.S. Uses Food Stamps

Thu, 03 Nov 2011 11:23:00 -0400

Nearly 15% of the U.S. population relied on food stamps in August, as the number of recipients hit 45.8 million. Food stamp rolls have risen 8.1% in the past year, the Department of Agriculture reported, though the pace of growth has slowed from the depths of the recession.

Greece: Bailout Funds Held Until After Vote

Thu, 03 Nov 2011 11:22:00 -0400

Greece will not receive any more money from the eurozone emergency bailout fund until after its referendum, the leaders of France and Germany warned ahead of a G20 summit set to be dominated by the fallout from the decision.

European Bailout Fund Could ‘One Day’ Issue Bonds in Yuan, Regling Says

Sun, 30 Oct 2011 11:34:00 -0400

The euro area’s bailout fund could at some point issue bonds denominated in the Chinese currency, Chief Executive Officer Klaus Regling said in Beijing today.

Sarkozy to Seek China Aid as EU Expands Rescue Fund

Sun, 30 Oct 2011 11:23:00 -0400

French President Nicolas Sarkozy conferred with his Chinese counterpart Hu Jintao as European policy makers seek to build support for an enlarged rescue fund designed to resolve the region’s sovereign-debt crisis.

Sarkozy to Seek China Aid as EU Expands Rescue Fund

Thu, 27 Oct 2011 15:33:00 -0400

Texas Hospital Accused Of Trying To Send Paralyzed Illegal Back To Mexico

Thu, 27 Oct 2011 15:00:00 -0400

A Texas medical facility is being accused of pressuring a paralyzed illegal immigrant to return to Mexico.