World Business
No reprieve for Greeks at summit
posted: 05/25/2012 4:26 a.m. Discuss
European leaders insist they want to keep Greece in the eurozone but are putting off any agreement on how they hope to accomplish that. Greece says it, too, wants to stay in the eurozone, but until after elections it’s uncertain whether it can implement the austerity that Europe has set as a condition for doing so.
Carrefour quickens new CEO transition
posted: 05/25/2012 4:19 a.m. Discuss
Retail titan Carrefour, a global competitor to Bentonville-based Wal-Mart Stores Inc., has accelerated its transition to a new chief executive officer, handing the job to Georges Plassat as the company struggles to shore up sales hit by Europe’s protracted debt crisis.
European summit tackles crisis
posted: 05/24/2012 3:21 a.m. Discuss
French President Francois Hollande challenged Germany’s handling of the financial crisis on Wednesday as he headed to his first European Union summit with calls for joint borrowing and cash injections to struggling banks.
Europe’s leaders seek ways to boost growth
posted: 05/23/2012 11:16 a.m. Discuss
The leaders of the 27 countries that make up the European Union are meeting in Brussels to try to keep the debt crisis on the continent from spiraling out of control.
OECD warns risk of 'severe recession' in eurozone
posted: 05/22/2012 7:40 a.m. Discuss
The Organization for Economic Cooperation and Development's top economist says the 17-country eurozone risks falling into a "severe recession" and called on governments and Europe's central bank to act quickly to stop the slowdown spilling over into the global economy.
Chinese group to buy AMC theaters
posted: 05/22/2012 1:59 a.m. Discuss
A Chinese conglomerate said Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China’s biggest corporate takeover in the United States to date.
G-8 charts a course of growth, debt cuts
posted: 05/20/2012 5:35 a.m. Discuss
Confronting an economic crisis that threatens them all, President Barack Obama and leaders of other world powers Saturday declared that their governments must spark growth and cut the debt that has crippled the European continent and put investors worldwide on edge.
Management woes hobble African boom
posted: 05/20/2012 3:47 a.m. Discuss
Africa’s rapid economic growth has helped change the stereotype of a hopeless continent waiting to be rescued, but it has also created an intense need for strong managers, according to a report released last week.
Tokyo Skytree ready to open as tallest structure in world
posted: 05/20/2012 3:43 a.m. Discuss
The Tokyo Skytree, twice as tall as the Eiffel Tower, opens this week as Japanese train operators counter an aging population by building malls, offices and tourist attractions.
Exploratory oil well off Cuba a bust
posted: 05/20/2012 3:30 a.m. Discuss
An exploratory oil well off the coast of Havana has failed and will be capped and abandoned, Spanish company Repsol said Friday.
Google gets China OK for Motorola deal
posted: 05/19/2012 4:26 p.m. Discuss
Authorities in China have approved Google Inc.'s bid to buy phone maker Motorola Mobility, clearing the way for the $12.5 billion deal to close early next week.
20,000 march at Frankfurt Occupy protest rally
posted: 05/19/2012 1:20 p.m. Discuss
Some 20,000 activists took part in a major rally of the local Occupy movement in Frankfurt on Saturday, German police said.
Spanish financial worries deepen
posted: 05/19/2012 3:32 a.m. Discuss
The level of bad loans on the books of Spain’s banks has risen to an 18-year high, the country’s central banker reported Friday, increasing concern for the stability of Spain’s financial sector and the country’s place in the fragile eurozone economy.
Trade tensions rise as Chinese rebuff U.S. solar-cell ruling
posted: 05/19/2012 3:30 a.m. Discuss
China’s government rejected Friday a U.S. anti-dumping ruling against its makers of solar power equipment and Chinese manufacturers warned possible higher tariffs might hurt efforts to promote clean energy.
Greek woes front, center for G-8
posted: 05/19/2012 3:27 a.m. Discuss
The leaders of eight of the world’s biggest economies began a meeting Friday outside Washington, seeking to keep Europe’s debt crisis from spiraling out of control and jeopardizing fledgling recoveries in the U.S. and elsewhere.
