Iran warns Arabs not to replace embargoed oil

An Iranian pro-reform newspaper says the country’s OPEC governor has warned the country’s Arab neighbors that Tehran will view any increase in crude production to […]

Obama to Speak Today on Shrinking Government - Bloomberg

President Barack Obama will ask Congress today to give him power to reorganize the federal government, a White House official said.
The president is to […]

Raymond James buying Morgan Keegan in $1.8B deal

Regions Financial Corp. says it has agreed to sell Morgan Keegan & Co. Inc. to Raymond James Financial Inc. for $930 million.
Morgan Keegan, one of […]

Fitch warns of European rating downgrades this month

LONDON

Obama Odds May Rise as Unemployment Falls - Bloomberg

President Barack Obama called yesterday

Chile wildfires kill 6 firefighters, 1 missing

Shifting winds caused flames to sweep over a group of firefighters battling wildfires in Chile on Thursday, killing six of them, badly burning two and […]

Eurasia Group names top risks for 2012

Much has been made of the grave risks the world faces in 2012. The Euro seems bound to collapse. China’s overheated real estate market […]

Returns of online holiday gifts to hit record in U.S.

After the holiday party comes the hangover for retailers: handling millions of returns this week.
With a Christmas season that has seen record e-commerce sales coming […]