msnbc.com: World business

eBay fined in France over upscale perfumes

Mon, 30 Nov 2009 21:06:07 GMT

Online auction site eBay Inc. was fined $2.5 million by a Paris court on Monday for failing to stop the sale of famous perfume brands.

EBay - Online auction business model - Auctions - Shopping - Servers

Dubai says Dubai World is on its own

Mon, 30 Nov 2009 14:29:18 GMT

The Dubai government disclaimed responsibility for the debts of its Dubai World conglomerate on Monday.

Government - Dubai - United Arab Emirates - Middle East - Dubai World

Mideast markets nosedive amid Dubai woes

Mon, 30 Nov 2009 15:03:05 GMT

Dubai's main stock exchange dropped more than 7 percent and Abu Dhabi markets slid more than 8 percent on Monday.

Stock exchange - Initial public offering - Dubai - Business - Investing

UAE to back banks amid meltdown in Dubai

Sun, 29 Nov 2009 18:27:31 GMT

The United Arab Emirates' central bank said Sunday it would offer additional liquidity to banks, signaling a push by the federal government to reassure investors.

United Arab Emirates - Middle East - Central bank - Federal government of the United States - Business and Economy

Cars burned, windows broken at WTO protest

Sat, 28 Nov 2009 23:28:47 GMT

Anti-capitalism protesters smashed the windows of banks, shops and cafes in Geneva, Switzerland, and set cars on fire during a demonstration against the World Trade Organization.

World Trade Organization - Switzerland - Geneva - Economic - International

Is Dubai too big to fail for Abu Dhabi?

Sat, 28 Nov 2009 19:20:47 GMT

As world markets absorbed the shock of Dubai's debt crisis, the ruler of the city-state left town for an important meeting in a desert palace. His hosts: the leaders of neighboring Abu Dhabi.

Abu Dhabi - Dubai - United Arab Emirates - Middle East - Government

Dubai’s debt crisis jolts markets

Fri, 27 Nov 2009 19:53:09 GMT

Dubai's debt crisis rattled world financial markets Friday, raising concerns that some banks could further tighten lending and stall the global economic recovery.

Dubai - United Arab Emirates - Middle East - Financial services - Business and Economy

Dubai debt plea sends fear around world

Fri, 27 Nov 2009 01:04:29 GMT

Just a year after the global downturn derailed Dubai's explosive growth, the city is now so swamped in debt that it's asking for a six-month reprieve on paying its bills.

Dubai - United Arab Emirates - Middle East - Recreation and Sports - Financial services

U.S.-made drywall also being investigated

Wed, 25 Nov 2009 20:57:19 GMT

A federal probe of tainted Chinese drywall has broadened because a small number of homeowners are reporting that American-made drywall is causing some of the same problems.

2009 Chinese drywall controversy - United States - Consumer Product Safety Commission - Chinese - Ethnicity

India: Satyam fraud understated by $1 billion

Wed, 25 Nov 2009 18:25:26 GMT

Indian investigators have said the fraud at Satyam Computer Services, once India's fourth-largest software services firm, was at least $1 billion more than initially thought.

India - Mahindra Satyam - Fraud - Asia - Satyam Computer Services

Link found between Chinese drywall, corrosion

Mon, 23 Nov 2009 23:29:16 GMT

The federal government said Monday that it has found a "strong association" between problematic imported Chinese drywall and corrosion of pipes and wires.

2009 Chinese drywall controversy - United States - Corrosion - Chinese - Consumer Product Safety Commission

GM asks Europe for up to $4.9 billion handout

Mon, 23 Nov 2009 16:27:05 GMT

General Motors Co. on Monday asked European governments to help pay most of the $4.9 billion it needs to restructure its struggling European operations.

General Motors - Recreation - Autos - Makes and Models - Opel

IMF chief: Global economy still fragile

Mon, 23 Nov 2009 13:54:35 GMT

The international economy is still fragile to shocks despite recent improvements in financial markets, the managing director of the International Monetary Fund said Monday.

International Monetary Fund - World economy - Economic - Financial market - Business

Report: Hershey may launch bid for Cadbury

Sat, 21 Nov 2009 00:16:23 GMT

Hershey Co. may make a $17 billion bid for UK candy company Cadbury PLC, topping the recent $16.5 billion hostile offer by Kraft Foods Inc., the Wall Street Journal reports Friday.

Wall Street Journal - Cadbury plc - Kraft Foods - Cadbury - UK

Europe: Drop some financial system crutches

Fri, 20 Nov 2009 13:55:34 GMT

It is time to withdraw some of the policy measures that supported the financial system through the credit crunch, ECB President Jean-Claude Trichet says.

European Central Bank - Jean-Claude Trichet - Business - Financial Services - Banking Services

Dutch give ABN Amro billions in new bailout

Thu, 19 Nov 2009 15:49:42 GMT

The Dutch government Thursday announced a new $6.5 billion (euro4.4 billion) bailout package for nationalized bank ABN Amro, intended to help the bank restructure and return to a strong financial position.

Business - Emergency Economic Stabilization Act of 2008 - Financial Services - Banking Services - Banks and Institutions

Hershey, Nutella-maker mull Cadbury bid

Wed, 18 Nov 2009 16:21:40 GMT

Chocolate makers Hershey and Ferrero International SA confirmed they are considering a possible offer for Cadbury, which is already the target of a hostile bid by Kraft Foods Inc.

Chocolate - Confectionery - Ferrero Spa - Food - Nutella

Newsweek: Why Mary Kay thrives in China

Tue, 17 Nov 2009 19:18:50 GMT

Mary Kay did not have any easy transplant to China upon its arrival in the mid-1990s, but it has emerged as a juggernaut.

China - Mary Kay - Health - Asia - Business

Slew of offshore tax evaders settle with IRS

Tue, 17 Nov 2009 20:44:58 GMT

The Internal Revenue Service said more than 14,700 U.S. taxpayers with offshore accounts in 70 foreign countries voluntarily came forward to settle their tax debts.

Internal Revenue Service - United State - Tax - US - Business

Cisco raises bid for Tandberg to $3.4 billion

Mon, 16 Nov 2009 17:37:41 GMT

Cisco Systems Inc. said Monday it raised its bid for Norway's Tandberg ASA after only a fraction of Tandberg shareholders agreed to Cisco's initial offer.

Cisco Systems - Norway - Tandberg - Vendors - Data Communications

Intel to remain open on Sabbath in Jerusalem

Sun, 15 Nov 2009 18:31:33 GMT

Intel said it has no plans to close a factory in Jerusalem on Saturdays, despite violent protests by ultra-Orthodox Jews who accuse the chip maker of desecrating the Sabbath.

Jerusalem - Israel - Shabbat - Haredi Judaism - Middle East

Mutual financial reliance binds U.S., China

Mon, 16 Nov 2009 11:17:02 GMT

The U.S. and Chinese economies have become intertwined, locked in a kind of co-dependency that neither side thinks is particularly healthy, but which neither will move to break.

Chinese people - China - Asia - United States - Government

Currency a low priority in Obama’s China visit

Sun, 15 Nov 2009 21:10:06 GMT

In his visit to Beijing this week, President Barack Obama is expected to tread lightly when pressing China to let its currency rise against the dollar.

Barack Obama - China - People's Republic of China - United States - Beijing

Chinese official says low U.S. rates dangerous

Sun, 15 Nov 2009 18:18:22 GMT

China's top bank regulator said Sunday the weakening U.S. dollar and low interest rates are spurring speculation in stocks and property, threatening the global economic recovery.

China - United States dollar - Interest rate - Asia - U.S

Obama tops Forbes world’s most powerful list

Thu, 12 Nov 2009 00:42:06 GMT

Power has been called many things.

Forbes - Business - Electronics and Electrical - Company Rankings - Major Companies

Ambassador: Tax amnesty affects UBS case

Fri, 13 Nov 2009 19:49:31 GMT

Few American account details from Swiss banks may be given U.S. tax authorities because of amnesty, the U.S. ambassador to Switzerland said in an interview Friday.

Switzerland - Banking in Switzerland - UBS AG - U.S - United States