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Business Highlights

Submitted by Fox First at Ten on November 12th

By The Associated Press ___ Euro nations split on how to help Greece cut debt BRUSSELS (AP) - Greece's international creditors are proposing giving the country two more years to reform its economy, but European finance ministers were split Monday over how to put together a comprehensive

Leucadia buying investment banker Jefferies Group

Submitted by Fox First at Ten on November 12th

NEW YORK (AP) - Leucadia National is buying the investment banking firm Jefferies Group for about $2.8 billion in stock in a deal executives said Monday would better position both companies for growth in the years ahead. The transaction will make Jefferies the largest business for a diversified

Japan economy shrinks as China dispute takes toll

Submitted by Fox First at Ten on November 12th

By ELAINE KURTENBACHAP Business Writer TOKYO (AP) - Japan's economy contracted in the latest quarter, signaling that like Europe it may already be in recession, further weighing down world growth. On an annualized basis, the world's No. 3 economy shrank 3.5 percent in the July-September

Spain further delays ECB board nomination

Submitted by Fox First at Ten on November 5th

By RAF CASERTAssociated Press BRUSSELS (AP) - The European Union's member states failed on Monday to name Luxembourg's top banker to the executive board of the European Central Bank after Spain raised objections over his appointment. The member states were expected to approve Yves

UBS chief: Other banks may need to downsize too

Submitted by Fox First at Ten on October 31st

By JOHN HEILPRINAssociated Press GENEVA (AP) - A day after UBS AG announced it was cutting up to 10,000 jobs by 2015, UBS chairman Axel Weber is warning that many of the Swiss banking giant's rivals may have to follow suit. The Zurich-based bank is seeking to put scandals and losses behind

EU Parliament rejects candidate for ECB top post

Submitted by Fox First at Ten on October 25th

By RAF CASERTAssociated Press BRUSSELS (AP) - The European Parliament has rejected Luxembourg's top central banker for a post at the European Central Bank, an unprecedented move taken to protest the lack of women within the organization's top leadership. In a vote at the legislature in

Legislators reject Europe Central Bank candidate

Submitted by Fox First at Ten on October 22nd

By DAVID McHUGHAP Business Writer FRANKFURT, Germany (AP) - A European Parliament committee has voted against the nomination of Luxembourg's top central banker to a post at the European Central Bank, saying eurozone leaders should have looked at female candidates at a time when the bank has

Hill leaders niche players in national campaign

Submitted by Fox First at Ten on October 22nd

By ANDREW TAYLORAssociated Press WASHINGTON (AP) - At the top of their roosts in Washington, leaders of Congress are, as usual, turning out to be niche players on the national campaign stage. The Senate's top two leaders, Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch

China's new leaders face tough economic choices

Submitted by Fox First at Ten on October 21st

By JOE McDONALDAP Business Writer BEIJING (AP) - China's economic model that delivered three decades of double-digit growth is running out of steam and the country's next leaders face tough choices to keep incomes rising. But they don't seem to have ambitious solutions. Even if they

Terror suspect's family says he asked to go to US

Submitted by Fox First at Ten on October 18th

By COLLEEN LONGAssociated Press NEW YORK (AP) - Quazi Mohammad Rezwanul Ahsan Nafis was a terrible student in his native Bangladesh, and his middle-class parents say he persuaded them to send him off to study in the U.S. as a way of improving his job prospects. At the Missouri college where he