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China still faces 'severity' in foreign trade, urges unity in Europe
China’s foreign trade situation will face “continuing severity” this year, according to Commerce Minister Chen Deming in a statement Monday. But, “if lucky,” imports and exports could still grow about 10%, according to a...
Tags: Political Fundraising, Money and Monetary Policy, Central Bank, International Trade, G20
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German leader Angela Merkel enters the lion's den: Greece
World NowWith Europe's debt crisis deepening, German Chancellor Angela Merkel arrived in Greece o signal her support for a country where many blame her personally for driving their economy into the ground.... -
Merkel says Germany isn't Europe's sole savior
Chancellor Angela Merkel says her country is a lot of things, including “the economic engine and … the anchor of stability in Europe.” But what Germany is not, she said, is Superman, sweeping in with euro zone deposit guarantees and...
Tags: Spain, George Soros, Foreign Exchange Market, G20, Germany
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Box Office: 'Madagascar 3' beats 'Prometheus' with $60.4 million
This post has been updated. Please see note below.Two new 3-D films each debuted with $50 million or more at the box office this weekend, jumpstarting ticket sales at the multiplex after weeks of lackluster business. The weekend's winner was the animated "Madagascar 3: Europe's Most Wanted,"which opened...Tags: Charlize Theron, Prometheus (movie), What to Expect When You're Expecting (movie), Animation (genre), Madagascar
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Global hiring slows, but U.S. employers plan to boost headcounts
Uncertainty in Europe and a slowdown in Asia have employers in most major economies expecting less hiring activity than last year, according to a new survey. Of the 41 countries and territories covered in Manpower Group’s report, job prospects...
Tags: Employment Opportunities, Companies and Corporations, Economy, Business and Finance, Career and Workplace, Employment
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Double dip: Eurozone falls back into recession
The Eurozone is back in a recession, its first in three years, as gross domestic product for the debt-plagued 17-nation bloc contracted 0.1% in the third quarter from the earlier quarter. In the second quarter, the currency collective tightened 0.2%,...
Tags: Summer Olympics, Mario Draghi, European Central Bank, European Union, Economic Indicator
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Walgreen pays $6.7 billion for Boots stake as sales fall, stock wavers
Drugstore chain Walgreen Co.’s deal Tuesday with European pharmaceutical, health and beauty giant Alliance Boots is one best described with words such as “largest,” “biggest” and “most.” Walgreens, the biggest U....
Tags: Health, Companies and Corporations, Walgreen Co., Deerfield, Leveraged Buyouts
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Spanish leader praises bank rescue — then heads for 'Debt Derby'
World NowA day after the bailout request he vowed would never come, Spanish Prime Minister Mariano Rajoy hailed an up to $125-billion loan package from Europe as a "victory for the euro" and sought to cast the deal to rescue Spain’s banks as part of his... -
Spain offered up to 100 billion euros to stabilize banks
World NowMADRID -- Finance ministers of countries that use the common European currency on Saturday offered Spain a lifeline of up to 100 billion euros to stabilize its banks. Spain announced after a three-hour video conference call that it would become the fourth... -
Spain seeks assistance for ailing banks
World NowSpain declared its intent Saturday to ask for European aid to recapitalize its troubled banks.... -
U.S. exempts seven countries that consume Iran oil from sanctions
World NowThe Obama administration announced Monday that it had exempted seven countries that are major consumers of Iranian oil from threatened U.S. sanctions that are aimed at punishing Tehran for its disputed nuclear program.... -
Box Office: 'Madagascar 3' lures families to multiplex [Video]
24 FramesIn her weekly box office video, Los Angeles Times reporter Amy Kaufman talks about the big hits and misses at the multiplex. This weekend, it was "Madagascar 3: Europe's Most Wanted" and "Prometheus."...
Jun 11, 2012
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Jun 11, 2012
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Jun 11, 2012
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