Monthly Archives: June 2011

ST. PAUL, Minn. – Minnesota stumbled into its second government shutdown in six years on Thursday, with a partisan divide over taxes and spending to close a $5 billion deficit becoming only more bitter as a midnight deadline came and … Continue reading →

ST. PAUL, Minn. – Minnesota stumbled into its second government shutdown in six years on Thursday, with a partisan divide over taxes and spending to close a $5 billion deficit becoming only more bitter as a midnight deadline came and … Continue reading →

BUENOS AIRES (AFP) – Argentina is promoting the idea of an OPEC-like cartel for itself, Bolivia and Chile, which together control 85 percent of the world’s reserves of lithium, a key component in electric car batteries. “In the near future … Continue reading →

The days are longer, the weather’s turned warm. But in what should be peak homebuying season, many sellers only hear crickets chirping. Still-tight lending standards, tattered credit standings and uncertainty about the wisdom of buying constricted home sales through the … Continue reading →

NEW YORK (AFP) – The sexual assault case against ex-IMF chief and French presidential hopeful Dominique Strauss-Kahn is collapsing due to doubts over the victim’s credibility, a report said Thursday. The New York Times story, citing two law enforcement sources … Continue reading →

SEOUL (AFP) – A sweeping free trade pact between the European Union and South Korea, the first in Asia for the world’s largest economic bloc, came into effect on Friday, officials in Seoul said. “The South Korea-EU Free Trade Agreement … Continue reading →

Major business events and economic events scheduled for Friday: WASHINGTON — Institute for Supply Management releases its manufacturing index for June, 10 a.m. WASHINGTON — Commerce Department releases construction spending for May, 10 a.m. DETROIT — Automakers release vehicle sales … Continue reading →

(Reuters) – Citigroup Inc (C.N) has entered into exclusive talks with a bidding group to sell its OneMain consumer lending unit formerly known as CitiFinancial, the Wall Street Journal reported, citing a person familiar with the matter. The company recently … Continue reading →

NEW YORK (Reuters) – The credibility of the woman who accused former IMF chief Dominique Strauss-Kahn of sexually assaulting him has come into question, a source familiar with the case said on Thursday. “The credibility is in question,” the source, … Continue reading →

WASHINGTON (Reuters) – Treasury Secretary Timothy Geithner is considering stepping down later this year, but will not make a decision until contentious negotiations over the U.S. debt ceiling are completed, people familiar with his thinking said on Thursday. Geithner said … Continue reading →