Posted by Reuters: Business News on January 26, 2012
CAMPOS, Brazil (Reuters) – A Brazilian prosecutor plans to file criminal charges against Chevron Corp and some of its local managers within weeks, adding the threat of prison sentences to an $11 billion civil lawsuit as punishment for a November offshore oil spill.
Posted by Reuters: Business News on January 12, 2012
NEW YORK (Reuters) – The S&P 500 closed at a five-month high for the third day on Thursday, but had difficulty extending gains in the face of lackluster economic data and another European bond market test.
Posted by Reuters: Business News on December 24, 2011
NEW YORK (Reuters) – Get ready. The last trading week of the year will be a test for stocks to prove whether they have the strength to carry a rally into next year.
Posted by Reuters: Business News on December 12, 2011
LONDON (Reuters) – Bank takeovers should face deeper scrutiny and directors be more accountable for their actions, Britain’s finance watchdog said in a long-awaited report into Royal Bank of Scotland’s near collapse.
Posted by Reuters: Business News on December 7, 2011
GENEVA (Reuters) – Airlines worldwide face over $8 billion in losses next year if Europe’s politicians fail to get to grips with the region’s debt crisis, the industry’s leading trade group warned on Wednesday.
Posted by Reuters: Business News on November 30, 2011
LONDON (Reuters) – The world’s top four audit firms will have to split up and rename themselves under a far-reaching draft European Union law to crack down on conflicts of interest and shortcomings highlighted by the financial crisis.
Posted by Reuters: Business News on
LONDON (Reuters) – Banks face a double hit to costs and revenues from a spate of credit rating downgrades, another burden for a sector already struggling because of the European Union’s failure to deal decisively with its financial crisis.
Posted by The Distressed Debt Report on November 21, 2011
Office supply stores will be the next retailers to face consolidation and store closings, as they fa…
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Posted by Reuters: Business News on November 17, 2011
MADRID/PARIS (Reuters) – Greek police clashed with anti-austerity protesters and Italy announced sweeping reforms in response to a European debt crisis that on Thursday pushed borrowing costs for France and Spain sharply higher.
Posted by Reuters: Business News on November 13, 2011
ROME/ATHENS (Reuters) – Technocrat leaders in Italy and Greece rushing to form governments will face a critical test of their ability to limit the damage from the euro zone debt crisis when financial markets open on Monday.
