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After Leaders Reach Debt Deal, Greek Stocks Surge

AP | DEREK GATOPOULOS | Posted 12.27.2011 | Business

ATHENS, Greece — Shares on Greece's stock market closed sharply up Thursday following a debt deal reached by European leaders that the country's...

Shell Profits Double, As Oil Giant Rakes In Billions

AP | By TOBY STERLING | Posted 12.27.2011 | Business

AMSTERDAM -- Royal Dutch Shell PLC, Europe's largest oil company, says profits doubled to nearly $7 billion in the third quarter because of higher oil...

Obama Approved Fewer Regulations Than Bush

The Huffington Post | Jillian Berman | Posted 12.26.2011 | Business

President Barack Obama has signed fewer regulations than President George W. Bush had at this point in his presidency, but it's putting a bigger dent ...

BofA CEO 'Incensed' People Don't Recognize 'How Much Good' His Employees Do

The Huffington Post | Jillian Berman | Posted 12.26.2011 | Business

Bank of America CEO Bryan Moynihan says the public needs to start thinking before they criticize his company. "I, like you, get a little incensed ...

Jillian Berman

After Losing His Job And Home, One Man Comes To Protests To Fit In

HuffingtonPost.com | Jillian Berman | Posted 12.26.2011 | Business

Verride Gffrard stood on the edge of Zuccotti Park on Tuesday, quietly holding a sign and surveying the crowd around him. At 56, dressed subtly in a s...

Olympus Chairman Steps Down Amid Scandal

AP | TOMOKO A. HOSAKA | Posted 12.26.2011 | Business

TOKYO — Olympus Corp. said Wednesday that Chairman and President Tsuyoshi Kikukawa is stepping down amid widening scrutiny into acquisitions aft...

Rajat Gupta Expected To Face Criminal Charges In Insider Trading Case: Source

Posted 12.25.2011 | Business

Former Goldman Sachs director Rajat Gupta will surrender to the FBI on Wednesday to face criminal charges, a person familiar with the investigatio...

Can Our Returning Warriors Survive in This Lousy Economy?

Jerry Chautin | Posted 12.25.2011 | Business
Jerry Chautin

If you are looking for a suitable franchise to buy, a discount alone is not a good enough reason.

North Dakota Strippers Tipped Thousands Every Nights

Posted 12.25.2011 | Business

An oil boomtown in the middle of North Dakota is proving that the laws of supply and demand apply to everything -- even stripper salaries. As thou...

Occupy Oakland Protesters Arrested LIVE UPDATES

Posted 12.25.2011 | Business

Police in riot gear cleared protesters near city hall in Oakland, California as protests inspired by the Occupy Wall Street protests based in Manhatta...

Visualizing The Income Gap

Posted 12.25.2011 | Business

One of the focal points of the protests raging in Zuccotti Park and around the world is the sizable gap between the rich and everyone else. Yet as the...

Global Regulators Ease Rules To Boost Trade With Low-Income Countries

Posted 12.25.2011 | Business

LONDON/PARIS, Oct 25 (Reuters) - Global banking regulators eased their capital reserves rules on Tuesday to boost trade with low-income countries,...

After Rogue Trader, UBS Profit Plunges

AP | By JOHN HEILPRIN | Posted 12.25.2011 | Business

GENEVA -- Scandal-hit Swiss bank UBS AG reported Tuesday a 39 percent drop in third-quarter profit, slightly less than feared, due to a rogue trading ...

Goldman Backs Out Of Fundraiser Honoring Occupy Wall Street

Posted 12.24.2011 | Business

Apparently there's not enough room at a fundraiser for both Goldman Sachs and Occupy Wall Street. The investment banking giant backed out of spons...

As Banks Announce Layoffs, Guaranteed Bonuses Making Comeback On Wall St.

The Huffington Post | Jillian Berman | Posted 12.24.2011 | Business

The practice of promising bank employees a generous bonus before they've ever even made a trade is making a comeback on Wall Street, even as the finan...

Housing Crisis Made Young People Less Confident In Homeownership: Study

The Huffington Post | Jillian Berman | Posted 12.20.2011 | Business

The housing crisis has made young people less confident in the idea of homeownership, while its had the opposite effect on older Americans, a new stud...

World Bank: U.S. Regulations More Business Friendly Than Most

The Huffington Post | Jillian Berman | Posted 12.24.2011 | Business

As U.S. politicians wrangle over the best way to create jobs and spur economic growth, one international agency is indicating that changing the regula...

France Finance Minister: European Budget Policies Will Converge

AP | JUERGEN BAETZ | Posted 12.24.2011 | Business

BERLIN — The 17-nation eurozone is considering two forms of leveraging to boost its euro440 billion ($600 billion) bailout fund's capacity in a ...

U.S. May Suffer Another Credit Downgrade By Year's End: Merrill

Posted 12.24.2011 | Business

The United States will likely suffer the loss of its triple-A credit rating from another major rating agency by the end of this year due to concer...

Volcker Rule So Complex Even Volcker Says He Doesn't Like It

The New York Times | James B. Stewart | Posted 12.22.2011 | Business

When Paul Volcker called for new rules in 2009 to curb risk-taking by banks, and thus avoid making taxpayers liable in the future for the kind of reck...

German Central Bank Head: Repeatedly Expanding Bailout Fund Won't Solve Crisis

Posted 12.22.2011 | Business

BERLIN (Reuters) - Bundesbank president Jens Weidmann said in a newspaper interview released on Saturday that repeatedly expanding the euro zone r...

Fed's Duke: Americans' Caution On Debt, Spending Will Help During Recovery

Posted 12.22.2011 | Business

VIRGINIA BEACH, Virginia (Reuters) - Households' caution about taking on debt and spending will stand them in good stead when the economic recovery be...

World Economic Forum: Arab Spring Slowed Economies

Posted 12.22.2011 | Business

DEAD SEA, Jordan (Reuters) - The popular uprisings that have swept the Arab world this year have slowed economies across the region, and jobs, bet...

European Official: EU Banks Need To Raise $140 Billion

AP | GABRIELE STEINHAUSER | Posted 12.22.2011 | Business

BRUSSELS — Big banks found themselves under pressure in Europe's debt crisis Saturday, with finance chiefs pushing them to raise billions of eur...

Texas Prisoners Get Two Meals A Day On Weekends To Ease Budget Woes

Posted 12.21.2011 | Business

As the weak economy continues to hit cash-strapped city and state governments, some are passing the costs on to prisoners. More than 20,000 Texas ...