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ECB Unveils Steps to Aid Euro Zone
Cyber attacks threaten global oil supply
By Daniel Fineren DOHA – Hackers are bombarding the world’s computer controlled energy sector, conducting industrial espionage and threatening potential global havoc through oil supply disruption. Oil company executives warned that attacks were becoming more frequent and more carefully planned.
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Markets drop as ECB disappoints
European Central Bank president Mario Draghi gave with one hand and took away with the other on Thursday, first cutting the central bank’s benchmark lending rate by 25 basis points and offering unlimited three-year loans to banks, then putting an end to speculation...
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Inflation Seen Outpacing Home Prices
BY PHIL IZZO The ailing housing market is unlikely to return to health before 2016 and is weighing on the two-year-old U.S. recovery, which finally is showing signs...
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Germany rejects EU draft proposals
Germany rejected some measures in draft conclusions from a summit of EU heads on Thursday, including giving the European Stability Mechanism (ESM) a banking licence and issuing common...
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‘Devastated’ Corzine Defends Actions
By SCOTT PATTERSON And ANDREW ACKERMAN WASHINGTON—A contrite Jon Corzine expressed both sorrow and a firm defense of his actions Thursday in his first public appearance since the...
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Twitter Unveils Redesign
BY AMIR EFRATI Twitter Inc. on Thursday announced a redesign of the micro-blogging service and new features to help widen its appeal
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Firms See End to Yuan’s Ascent
BY LINGLING WEI AND BOB DAVIS BEIJING—A significant shift in trading of China's yuan is sending signals that investors and companies expect China to halt the appreciation of...
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Three IPOs Postponed
BY LYNN COWAN Three companies postponed their initial public offerings for this week, but their decisions shouldn't reflect a change in sentiment toward social-gaming company Zynga Inc.'s deal...
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New Lapses Cited at Drug Supplier
BY PETER LOFTUS The discovery of a container suspected to hold urine was among the new lapses cited by regulators at the Ohio plant of a supplier of...
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Italy’s top banks need to raise capital by 15.4-billion euros
Bloomberg News Dec 8, 2011 – 2:03 PM ET | Last Updated: Dec 8, 2011 2:04 PM ET Damien Meyer/AFP/Getty Images A view of the headquarters of Italian...
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Obama Says He Didn’t Intervene Over Plan B
BY JARED A. FAVOLE WASHINGTON—President Barack Obama on Thursday said he didn't intervene in a decision by his top health official to overrule the Food and Drug Administration...
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Wells Settles Bid-Rig Case for $148 Million
BY BRENT KENDALL WASHINGTON—Wells Fargo & Co. has agreed to pay $148 million to settle charges that its Wachovia Bank unit participated in a conspiracy that rigged bids...
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Olympus Auditors Face Scrutiny
BY PHRED DVORAK AND KANA INAGAKI TOKYO—In May 2009, Olympus Corp.'s external auditor was so troubled by transactions it had found while going through the company's books that...
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Five economic themes to watch for in 2012
Christine Dobby Dec 8, 2011 – 1:38 PM ET | Last Updated: Dec 8, 2011 1:41 PM ET Royal Canadian Mint.
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Ford Will Pay First Dividend in Five Years
BY MIKE RAMSEY Ford Motor Co. said it will reinstate its dividend for the first time in more than five years, another step in Chief Executive Alan Mulally's...
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$150 biggest options bet on Iran
The prospect of oil topping $150 a barrel within a year has become the biggest bet in the options market as the U.S. and Europe work to limit...
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Greek bank deposits plunge most since nation joined euro
Bloomberg News Dec 8, 2011 – 1:15 PM ET Angelos Tzortzinis/Bloomberg A European Union (EU) flag, left, and Greek national flag fly near the Parthenon temple on Acropolis...
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Odds of another financial crisis on the rise: Bank of Canada
John Greenwood Dec 8, 2011 – 12:01 PM ET | Last Updated: Dec 8, 2011 2:47 PM ET Blair Gable /Reuters Bank of Canada Governor, Mark Carney The...
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Make or break time for the euro
Financial Post Staff Dec 8, 2011 – 11:18 AM ET | Last Updated: Dec 8, 2011 1:53 PM ET All eyes will be on Europe Friday when leaders...
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