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Walt Disney Co. To Take Control Of Euro Disney

Walt Disney Co. To Take Control Of Euro Disney

The Walt Disney Co. (NYSE:DIS) announced a plan to turn around the struggling Euro Disney on Friday. The company plans to buy out all other shareholders to take full control of Euro Disney, which includes the Disneyland Paris theme... 
Volkswagen Scandal Causing Trouble For EU Member States

Volkswagen Scandal Causing Trouble For EU Member States

In a statement announced today, the EU Commission revealed that it would be taking action against EU member states that permitted carmakers to flaunt EU emissions regulations. The EU Commission has announced that it “is taking action... 
Uber Fights Against Transportation Provider Label In Europe

Uber Fights Against Transportation Provider Label In Europe

Uber is defending its business model in Europe’s highest court today. The Court of Justice of the European Union (ECJ) could label Uber a transport company rather than a digital service, a designation that could hobble the company.... 
Flights Delayed Worldwide After United Airlines Computer Glitch

Flights Delayed Worldwide After United Airlines Computer Glitch

A computer glitch temporarily halted departures at United Airlines (NYSE:UAL) late Thursday, leaving thousands of passengers delayed worldwide. The widespread delays were caused by two separate problems with United Airlines’... 
Criminal Probe Into Emissions Scandal Targets Former VW CEO

Criminal Probe Into Emissions Scandal Targets Former VW CEO

Volkswagen (VLKAY) former CEO Martin Winterkorn has been revealed to be the target of a criminal investigation into the automaker’s diesel-emissions scandal. German prosecutors are investigating whether Winterkorn violated securities... 
China Grabs Funds Unused by Towns and Cities for New Projects

China Grabs Funds Unused by Towns and Cities for New Projects

Authorities in China have seized as much as 1 trillion yuan or $157 billion for different local governments who have failed to use their entire budget allocations, said sources, as Beijing looks for more ways to spend money to work... 
Greece Says It Will Not Make Loan Payment to IMF

Greece Says It Will Not Make Loan Payment to IMF

Yanis Varoufakis the Finance Minister of Greece announced on Tuesday that Greece would not be making its debt payment owed the International Monetary Fund by a deadline of midnight on Tuesday. This sets the stage for a very tense showdown... 
Prime Minister of Greece Rips into Country’s Lenders

Prime Minister of Greece Rips into Country’s Lenders

Alexis Tsipras the Prime Minister of Greece has lashed out at his country’s creditors Tuesday accusing them of attempting to humiliate the Greeks as he has defied a number of warnings that Europe is preparing for Greece to leave... 
Euro Strengthens on Greek Deal Optimism

Euro Strengthens on Greek Deal Optimism

The euro has strengthened on Tuesday versus the U.S. dollar, which was headed on Tuesday to post its largest loss of one day against one currency since the middle of March, on the expectation that Greece was close to reaching a deal... 
Swedish Authorities Could Question Assange At Ecuadorian Embassy

Swedish Authorities Could Question Assange At Ecuadorian Embassy

Prosecutors in Sweden have made a huge concession in the investigation of WikiLeaks founder Julian Assange. The Swedish authorities have offered to question Assange at his sanctuary in London, the Ecuadorian embassy, about alleged... 
Many Greeks Not Happy With New Government

Many Greeks Not Happy With New Government

The equity markets in Europe might be happy about a deal that extended the aid for Greece by another four months, but many of the ordinary Greeks feel their new government backtracked from the promises it made to eliminate the bailout. The... 
Swiss Voting on Huge Plan for Gold Buying

Swiss Voting on Huge Plan for Gold Buying

In Switzerland, there is a campaign taking place to protect the wealth of the country by investing in gold, a great deal of gold. The Swiss, as a way to test their sense of being financially secure, are requested to vote on a new proposal... 
Factories in Germany See Orders Drop 5.7%

Factories in Germany See Orders Drop 5.7%

Factory orders in Germany took a nosedive during August, signaling that the remainder of the year could feature less that strong economic output and it could even stagnate, said experts. The index fell more than 5.7% in adjusted monthly... 
Shareholders at Yukos Awarded $50 Billion

Shareholders at Yukos Awarded $50 Billion

An international tribune located in The Hague awarded shareholders of Yukos, the now defunct oil company, nearly $50 billion. The ruling was on claims that the government of Russia illegally seized the oil company from one of the most... 
U.S. District Judge: Argentina Payment is Illegal

U.S. District Judge: Argentina Payment is Illegal

It looks as though on Monday Argentina will have a technical default after a judge in federal court said the attempts by the South American country to meet their payments of interest on its debt that has been restructured via Bank... 
Italian Banks Up With Rest of Europe Stocks

Italian Banks Up With Rest of Europe Stocks

On Monday, European stock closed higher, with banks in Italy soaring following the election results for the European Parliament. In addition, hints of possible easing next week form Mario Draghi the President of the European Central... 
S&P Lowers Outlook on Credit Rating for Finland

S&P Lowers Outlook on Credit Rating for Finland

Standard & Poor’s Ratings Service cut its outlook on the credit rating for Finland from stable to negative on Friday due to the Nordic country’s economic problems continuing. The ratings service reaffirmed the triple-A long-term... 
GlaxoSmithKline Fires staff in China for Overstating Expenses

GlaxoSmithKline Fires staff in China for Overstating Expenses

Facing bribery allegations in China, GlaxoSmithKline the pharmaceutical giant dismissed a number of its employees there over the failure to comply with rules for expenses, a person who is familiar with the situation announced Friday. The... 
Yuan Slides in China to Low of One Year

Yuan Slides in China to Low of One Year

The national currency of China, the yuan, has fallen to its low of one year on Wednesday. The currency fell beyond 6.2 to one dollar for the first time since last April, amidst speculation in the market that the country’s central... 
U.S. Sues over Libor Manipulation

U.S. Sues over Libor Manipulation

The Federal Deposit Insurance Corporation in the United State has sued Citigroup, HSBC and another 13 global financial institution heavyweight for their alleged manipulation of the Libor rate. The FDIC sued the banks saying the manipulation... 
Consumer Prices in China Up 2% for February

Consumer Prices in China Up 2% for February

China has posted in February a lower inflation rate providing consumers with good news, but suggesting the world’s second largest economy was losing some steam prompting analysts to call for support from the government with increased... 
U.S. Senate: Credit Suisse Helping Americans Hide Billions

U.S. Senate: Credit Suisse Helping Americans Hide Billions

An investigation by a U.S. Senate panel says that billions of dollars of taxes in the U.S. are not being paid because Americans have exploited bank accounts in a Swiss bank that the government of the U.S. has not pursued aggressively... 
Mexico Becoming Leading Force in Production of Autos

Mexico Becoming Leading Force in Production of Autos

Mexico accounts for more than 18% of the auto production in North America and employment in the auto industry there has increased by over 46% since 2009 to nearly 580,000 jobs. On Friday, at the new Celaya, Mexico $800 million plant,... 
Surplus in China Trade Reaches $32 Billion

Surplus in China Trade Reaches $32 Billion

The trade surplus in China was up to $32 billion during January, which eased concerns the second largest economy in the world might be stuck in a sluggish economy. The latest surplus figure was more than 14% higher than last year and... 
Central Bank of Turkey Promises Rate Action

Central Bank of Turkey Promises Rate Action

The governor of the central bank in Turkey increased expectations on Tuesday for an interest rate hike, denying he was being held hostage to political pressure, vowing to take decisive action in the fight against the country’s rising... 
Peso in Argentina Plunges

Peso in Argentina Plunges

The Argentine peso plunged this past week by 13% increasing the fears of another meltdown financially in the South American nation that went through a collapsed economy just over a decade ago. The government of Argentina devalued its... 
India Threatens to Demolish Plant Owned By Coca-Cola

India Threatens to Demolish Plant Owned By Coca-Cola

Authorities from Varanasi, a village the northern region of India said Friday they planned to demolish an illegal bottling plant owned by Coca-Cola that is the center of protests due to allegations it is extracting an excessive amount...