This Year, Davos Doesn't Deliver
One of the World Economic Forum attractions to its participants has been a sense that they were helping to tackle the globe's problems. This time, the Davos braintrust offered precious little advice, writes Francesco Guerrera.
Codelco CEO Confident of Winning Sur Complex Battle
Codelco's CEO said the Chilean state-run miner expects to win its legal fight with Anglo American over a prized copper complex.
Fitch Downgrades 5 Euro-Zone Members
Fitch Ratings has downgraded euro-zone members Italy, Spain, Belgium, Cyprus and Slovenia, while affirming Ireland's credit rating.
Athens, Creditors Close In on Debt Deal
—Greece and its private-sector creditors appeared to edge closer Friday to an agreement over a €100 billion ($131 billion) debt writedown on government bonds.
Lagarde: Greek Debt Cut Must Be 'Significant'
The key goal of debt talks between Greece and its bond holders should be to ensure the government has a debt equivalent to 120% of GDP by 2020, the head of the IMF said.
Schäuble Sees Fiscal Pact Speeding New Bailout
Sealing the euro zone's proposed fiscal pact would enable the European Union's new permament bailout fund to enter into force earlier than planned, German Finance Minister Wolfgang Schäuble told the World Economic Forum.
Euro-Zone Bank-Lending Growth Slows
Euro-zone bank-lending growth slowed sharply in December in annual terms compared with the previous month, data from the ECB showed.
Euro-Zone Volcano Dormant, Not Extinct
Is the worst of the euro-zone bond-market crisis over? It's tempting to think so with Italian and Spanish yields lower and January's bond auctions attracting heavy demand.
Facebook Readies IPO Filing
Facebook could file papers for its initial public offering as early as next week, as anticipation mounts for what is likely to be one of the biggest debuts for a U.S. company.
A $9 Billion Jackpot for Facebook Investor
Facebook is set to unleash massive paydays in the venture-capital industry—including a potential record-breaking $9 billion jackpot for one venture firm.
Dow Snaps 3-Week Win Streak
Blue-chip stocks finished in the red, pushing the Dow to its first losing week this year, after a reading on domestic economic growth fell short of expectations.
Are Pension Forecasts Way Too Sunny?
Public companies, expectations for future stock returns remain stubbornly high—often 12% to 16%. This could eventually take a bite out of their reported earnings.
How Much Is Facebook Worth?
How small investors can get exposure to the social-networking giant before its IPO.
Why Tech Stocks Look Better
The sector is known for fast growth, but investors looking for safety might find that it offers a surprising amount of that, too.
Stocks: Last Year's Winners Are Tanking in 2012
Here's why the trend could last—and show how to structure your portfolio accordingly.
Ford Motor Profit Lifted by U.S. Sales, Tax Gain
Ford reported a record fourth-quarter profit on a one-time tax allowance, though slower sales in Europe, growing pains in Asia and heightened competition at home signaled greater turbulence ahead.
P&G's Profit Drops 49%
Procter & Gamble posted a sharply lower profit for its fiscal second-quarter reflecting higher commodity costs and a hefty write-down for past acquisitions, including its $57 billion megadeal for Gillette.
Lawyers Offer Glimpse of Gupta Defense
The relationship between ex-Goldman Sachs director Rajat Gupta and former hedge-fund manager Raj Rajaratnam—and whether it was deteriorating in 2008—could be a focus of Mr. Gupta's defense.
Hope Is Rising for Mortgage Accord
New York Attorney General Eric Schneiderman said he is confident his main concern with a pending settlement of alleged bank- foreclosure abuses would be resolved, but he didn't commit to participating in an agreement.
Maloney Named Interim SEC Inspector General
Noelle Maloney will be the SEC's interim chief internal watchdog following the departure of David Kotz for a job in the private sector.
More Fined in Greenlight Case
The FSA fined a former compliance officer at Greenlight Capital £130,000 for insufficient oversight in the sale of Punch Taverns shares ahead of a planned equity raising. A J.P. Morgan Cazenove employee was also fined.
Successful End to UniCredit Rights Issue
UniCredit sold 99.8% of the shares offered as part of its $9.8 billion rights issue, putting a successful end to a deal whose rocky start roiled financial markets early this month.
LSE Provides Positive Update
U.K. bourse operator London Stock Exchange said it expects a good performance in the fourth quarter of its financial year after posting a higher-than-expected 7% rise in fiscal third-quarter revenue.
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