Alcatel-Lucent to Cut 336 Jobs in France The New York Times | BERLIN — Alcatel-Lucent, the French maker of telephone network equipment, said Thursday that it planned to cut 3.4 percent of its workforce in France by the end of the year as part of what it described as a periodic review of its personnel needs. | Simon Poulter, a spokesman for the company,...
Merkel vows faster eurozone reform after downgrades Chicago Tribune | BERLIN (Reuters) - European leaders vowed on Saturday to speed up plans to strengthen spending rules and get a permanent bailout fund up and running as soon as possible, a day after U.S. agency S&P cut its rating of several euro zone countries' creditworthiness. | The move by Standard & Poor's to ...
Deadlock in Davos as pressure on euro rises The Independent | The French and German finance ministers put their differences over the size of the "firewall" needed to protect European economies on public display at the World Economic Forum in Davos. François Baroin of France said Europe's bailout re...
Germany calls for EU to control Greek budget: Report The Times Of India LONDON: Germany wants Greece to surrender sovereignty over fiscal policy to a eurozone commissioner before Athens gets a second bailout, the Financial Times reported Friday, citing a copy of the proposal. | Under the plan, a commissioner appointed by...
Finance chiefs reassure CEOs over European crisis Austin American Statesman | DAVOS, Switzerland — Finance leaders sought to reassure anxious global business leaders on Friday that Europe is on track to solve its crippling debt crisis before it drags the world's economies down. Europe's top banker said investors, burne...
Contentious Kenny remarks perceived as tough but truthful Irish Times | DEREK SCALLY | The Taoiseach's take on our boom to bust saga fits a strategy where denial is not an option | PERHAPS IT'S the high altitude, 1,600m above sea level, but the view of Ireland from Davos yesterday appeared curiously distorted. | Taoise...
ECB chief, Geithner fuel hopes of taming eurozone crisis Jakarta Globe European Central Bank president Mario Draghi said Friday the eurozone had made "outstanding" progress towards resolving its debt crisis as hopes grew for an imminent deal on Greece's debt burden. | US Treasury Secretary Timothy Geithner also praised ...
Finance chiefs reassure Europe on track Sydney Morning Herald | AP | Leading finance chiefs have sought to reassure anxious global business leaders that Europe is on track to solve its crippling debt crisis before it drags the world's economies down. | The finance chiefs say the picture in Europe has changed ov...
Kim Dotcom: Power of money put to test NZ Herald | Ten years ago Kim Dotcom arranged for a film crew to record an extravagant holiday in Monaco. The German, generally dressed all in black, was the ubiquitous star, appearing with props befitting a Bond movie: super cars, luxury yachts, swimming pool...
NYSE, Deutsche Boerse Merger Rejected: Report The Street | The proposed deal would form the largest stock and derivatives exchange in Europe and one of the largest in the world. | If the EU were to block the merger, it would cut against a December approval by the Department of Justice, contingent on a divestiture plan. The recommendation to reject the tie up will now face a 27-member European Commission ...
Remarks by the President in State of the Union Address WorldNews.com (Transcript of President Obama's State of the Union Address) | Mr. Speaker, Mr. Vice President, members of Congress, distinguished guests, and fellow Americans: | Last month, I went to Andrews Air Force Base and welcomed home some of our last troops to serve in Iraq. Together, we offered a final, proud salute to the colors under which more than a m...
