China, Japan to Back Direct Trade of Currencies - Bloomberg

Japan and China will promote direct trading of the yen and yuan without using dollars and will encourage the development of a market for companies […]

Reid says House payroll tax cut dead in Senate

Senate Majority Leader Harry Reid says his chamber won’t approve a House Republican bill extending the payroll tax cut that also clears the way for […]

Egypt’s military takes credit for election turnout

Egypt’s military rulers were quick to take credit Tuesday for a strong turnout in the first elections since Hosni Mubarak’s ouster, a vote that appeared […]

Younger investors find gold alluring

The allure of gold is thousands of years old, but nowadays the precious metal has a youthful look.
Gold’s spectacular, decade-long run, coupled with the sovereign-debt […]

Moody’s downgrades Cyprus’ top 3 banks

International ratings agency Moody’s on Tuesday downgraded Cyprus’ three most Greece-exposed commercial banks because of what it considers to be the small island nation’s diminished […]

CFO quits at Thermadyne

Thermadyne Holdings Corp. today said its chief financial officer is quitting to “pursue other interests.”
The company said CFO Steven A. Schumm, who is also chief […]

US gov’t runs $1.3 trillion budget deficit in 2011

The government ran a $1.3 trillion for the budget year that ended last month, the third straight year it has operated more than $1 trillion […]

S&P downgrades Spain’s debt rating on weak economy

Standard & Poor’s has downgraded its long-term debt rating on Spain, citing the country’s weak growth prospects and risks facing its banks.
The rating agency said […]

Stocks mixed after unemployment rate stays high

A three-day rally faded on Wall Street Friday after a pickup in hiring last month failed to bring down the unemployment rate.
The Dow Jones industrial […]

Wild market ride is driving people out of stocks

Just how turbulent is the stock market? More than half a trillion dollars in paper gains were made and lost within just two weeks in […]