MF Global is first big US victim of Europe crisis

The European debt crisis has claimed its first big casualty on Wall Street, a securities firm run by former New Jersey Governor Jon Corzine.
MF Global […]

EU official: banks to take 50pct cut on Greek debt

A European Union official says the currency union’s leaders have reached a deal with banks to take losses of 50 percent of their Greek bonds […]

Companies post profits but investors still worry

Investors who doubted U.S. companies could make big money in a weak economy have been proved wrong again.
Before companies started reporting earnings two weeks ago, […]

Groupon loses a bit of its sizzle as IPO looms

Only a few months ago, Groupon was the Internet’s next great thing. Business media christened it the fastest growing company ever need a personal loan […]

Eurozone awaits crucial reports on Greek debt

The European Union’s executive Commission is expected to send its long-awaited reports on Greece’s public finances _ the key to determine if it will get […]

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 […]

Reporter inquiry: A payday loan from a bank?

Big banks are starting to make the equivalent of payday loans through customers’ checking accounts.
They are often called “advance loans” and last until the customer’s […]

A-B InBev to invest less in U.S. facilities as beer sales slow

Anheuser-Busch InBev plans to invest more than $1 billion in its U.S. facilities from 2011 to 2014, a figure that is less than half of […]

Lennar 3Q profit drops 31 pct, meets Street view

Lennar Corp.’s fiscal third-quarter profit dropped 31 percent as the company delivered fewer homes.
The homebuilder said Monday that demand is picking up somewhat, driven by […]

Hiring managers advised not to get atwitter about social networking

A heads up to digital natives unable to resist the urge to expose each and every detail of your lives on a social networking site: […]