Monthly Archives: June 2011

NEW YORK (AFP) – Ex-IMF chief Dominique Strauss-Kahn returns to a Manhattan court Friday for an unexpected appearance over the charges he attempted to rape a New York hotel maid, officials said. The New York Times, citing sources close to … Continue reading →

ALEXANDRIA, Va. – An executive convicted of orchestrating a nearly $3 billion fraud as chairman of one of America’s largest private mortgage companies was sentenced Thursday to 30 years in prison by a judge who accused him of lacking remorse. … Continue reading →

ATHENS, Greece – Greece has faced down street violence and strikes for the sake of financial aid it was promised and needs to avoid bankruptcy. Now its fellow European countries will be expected to come up with a second rescue … Continue reading →

ROCHESTER, N.Y. – Constellation Brands Inc., which sells Robert Mondavi wine, Svedka vodka and Corona beer, said Thursday its first-quarter profit jumped 52 percent to $75 million on cost-cutting efforts and improved sales of wine, spirits and imported beers in … Continue reading →

DUBLIN (Reuters) – As Europe struggles to put together a second bailout of Greece, to supplement the rescue effort launched last year, the crisis may force a second bailout of another indebted country in the region: Ireland. Dublin, which signed … Continue reading →

ATHENS/BERLIN (Reuters) – The Greek parliament approved detailed austerity and privatization bills on Thursday in a crucial vote to secure emergency funds and avert imminent bankruptcy, but longer-term dangers still lurk. Lawmakers voted 155-136 for the implementation laws a day … Continue reading →

TORONTO (Reuters) – Research In Motion succumbed to rising shareholder pressure on Thursday, agreeing to study a split of its co-chair and co-chief executive roles and dodging a showdown at its annual meeting. The two roles have been shared by … Continue reading →

ST. LOUIS (Reuters) – Large-scale bond buying can be an effective monetary policy substitute when the Federal Reserve runs out of room to cut interest rates, a top official of the U.S. central bank said on Thursday. Speaking on the … Continue reading →

WASHINGTON (Reuters) – Treasury Secretary Timothy Geithner is considering stepping down later this year, but will not make any decision until after debt limit negotiations conclude, people familiar with his thinking said on Thursday. A U.S. Treasury official confirmed that … Continue reading →