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Business
  News in this category: 50
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News
Ford draws on luxury hotel experience for Lincoln overhaul (Reuters)
Reuters - In the plan to overhaul its luxury Lincoln brand, Ford Motor Co is embarking on a new approach, leaving behind the routine ideas of the auto industry and instead taking cues from the likes of high-end boutique hotels.
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U.S. Justice Department indicts Swiss bank Wegelin (Reuters)
Reuters - The United States indicted Wegelin, the oldest Swiss private bank, on charges that it enabled wealthy Americans to evade taxes on at least $1.2 billion hidden in offshore bank accounts, the U.S. Justice Department said on Thursday.
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Canada, Alberta to announce new oil sands monitoring (Reuters)
Reuters - The governments of Canada and Alberta will announce details of a new environmental-monitoring regime in the province's oil sands on Friday, as they look shore up an industry whose growth plans are under attack from environmental groups.
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Homebuilders see stable housing market ahead (AP)
AP - The CEOs of some of the nation's biggest homebuilding companies said Thursday that they feel the housing market has stabilized.
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Apparel chains sweat through warm winter (Reuters)
Reuters - Quarterly earnings at U.S. chains including Abercrombie & Fitch Co and Ann Inc took a big hit from deep discounts they offered to clear out clothes stocked for snow and cold that never came.
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Greek unions, employers reject wage cuts (AP)
European Commission official Matthias Mors, right, and Klaus Masuch of the European Central Bank arrive a government office building before meeting Greek Finance Minister Evangelos Venizelos in Athens on Thursday, Feb. 2, 2012. Greek and IMF officials say the crisis-hit Eurozone country is close to clinching landmark debt deals with private and rescue creditors, needed to avoid default next month.  (AP Photo / Petros Giannakouris)AP - Unions and employers' associations in Greece have rejected demands for private-sector wage cuts, despite pressure for the country to introduce strict austerity measures if it is to receive a crucial bailout package.
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Analysis: Obstacles high for more mortgage prosecutions (Reuters)
Reuters - Despite the determination of President Obama to take Wall Street to court for the financial crisis, prosecutors face an uphill struggle to win more convictions like the two they scored on Wednesday against former Credit Suisse Group AG mortgage traders.
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Greece says 2011 budget deficit will beat forecast: source (Reuters)
International Monetary Fund's (IMF) chief of mission Poul Thomsen addresses the audience during an economic conference in Athens December 14, 2011. REUTERS/Yiorgos KarahalisReuters - Greece expects its 2011 budget deficit will be smaller than expected at between 9.1 and 9.4 percent of GDP, thanks to an emergency property tax, a finance ministry official said on Friday, a development that could help Athens in its bailout talks with the EU and IMF.
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Truck maker Volvo's Q4 profit rockets (AP)
AP - Swedish truck maker AB Volvo recorded a 46 percent rise in fourth-quarter profits after a surge in sales it described as the best it has seen in more than two decades.
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Obama says his policies are extension of his faith (AP)
President Barack Obama gestures while speaking at the National Prayer Breakfast in Washington, Thursday, Feb. 2, 2012. (AP Photo/Susan Walsh)AP - Blending politics and religion, President Barack Obama said his Christian faith is a driving force behind his economic policies, from Wall Street reform to his calls for the wealthy to pay higher taxes.
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