Oil workers rescued by SAS in Libya return home

British media are praising a secret Special Forces military mission to rescue oil workers from the remote Libyan desert.
The media had strongly criticized the ineptitude […]

Caesars Entertainment reports 4Q, full-year losses

Caesars Entertainment Corp., the world’s largest casino operator, said Friday that it reported a loss for its fourth quarter as gamblers kept a tight rein […]

Zapatero Extends Lead Over Socrates in Debt Race: Euro Credit - Bloomberg

Spanish Prime Minister Jose Luis Rodriguez Zapatero is beating his Portuguese counterpart Jose Socrates as they battle to convince investors they can stem the debt […]

Medtronic to eliminate 1,500 to 2,000 jobs

Medtronic, the world’s largest medical device maker, says it will lay off up to 2,000 workers as part of a restructuring effort amid sluggish sales […]

G-20 Overcomes China Opposition to Agree on Yardsticks to Gauge Imbalances - Bloomberg

Group of 20 finance chiefs overcame Chinese opposition to start crafting an early warning system to detect when economic fault lines are opening that may […]

Regulators shut 4 Ga., Calif. banks

Regulators have shut down two small banks in Georgia and two in California, boosting to 22 the number of U.S. bank failures this year after […]

Factories in Philadelphia Area Expand at Faster Pace - Bloomberg

Manufacturing in the Philadelphia region expanded in February at the fastest pace in seven years, underscoring factories’ contribution to the economic expansion.
The Federal Reserve […]

Late mortgage payments continue falling in 4th qtr

More homeowners across the country made their mortgage payments on time in the fourth quarter, but with housing prices falling again, prospects for significant improvement […]

Stocks flat as euro shaken by ECB uncertainty

The relief generated by the resignation of Egypt’s president Hosni Mubarak last week has proved short-lived, with stock markets in Europe failing to make headway […]

Hit the brakes! Drivers hit the gas instead

The number one cause of unintended acceleration isn’t problem cars, it’s problem drivers.
In the case of Toyota vehicles supposedly speeding out of control, scientists […]