Word: exchangees
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The economics behind both deals is clear enough - and are so compelling from China's standpoint that there are likely more to come. Both Rio and Oz Minerals have been crushed by the global recession's effect on demand for what they produce. Both have seen their value plunge as...
The Securities and Exchange Commission (SEC) filed charges today against high-flying Houston-based financier R. Allen Stanford for orchestrating what it calls a multibillion-dollar investment fraud of "shocking magnitude."
According to The Wall Street Journal, "The most stringent pay restriction bars any company receiving funds from paying top earners bonuses equal to more than one-third of their total annual compensation." That means that a trader making a modest salary of $400,000 who brings in $50 million in...
But it's unclear whether the agreement called for an exchange of information regarding nuclear-armed submarine positioning; many arms experts say it probably did not. "The fact that the collision occurred at all indicates that the two allies need to talk more," says Hans Kristensen, who monitors NATO's...
The bill is expected to draw at least a few GOP votes in the House, reflecting just how far to the center the measure has moved in passing the Senate. The final cost, $789 billion, is well below the $800 billion ceiling that the three Republicans and a group of...