LONDON, Jan 26- When Mario Draghi announced the European Central Bank's trillion-euro scheme to buy government bonds, he acknowledged that in the round of strategies to revive inflation and boost the economy, the bank had just played its last hand. Asked by reporters what would happen if the plan to purchase 60 billion euros of assets a month for 19 months failed,...» Read More
NEW YORK-- German business software maker SAP AG said Monday that it has closed its $4.51 billion acquisition of Ariba Inc., a maker of Web-based software that connects suppliers and buyers online.
PAY DIRT: The board of Anglo-Swiss mining company Xstrata PLC is recommending shareholders accept merger terms with Swiss commodities trader Glencore PLC _ a deal that would create an industry behemoth with revenues around $175 billion. KING COAL: Xstrata is the world's biggest exporter of thermal coal and also produces copper, nickel and zinc.
WASHINGTON-- The U.S. Federal Aviation Administration is fining British Airways up to $250,000 for advertising fares that didn't fully disclose taxes and fees that passengers must pay.
Jerry Brown on Sunday announced that he had vetoed legislation that would have provided overtime pay, meal breaks and other labor protections to an estimated 200,000 caregivers, nannies and house cleaners in California.
WASHINGTON-- The Supreme Court opened its new term Monday with a high-stakes dispute between businesses and human rights groups over accountability for foreign atrocities.
A federal court has ruled that Florida's lawsuit against the former chief executive of Countrywide Financial should be tried in state court.
I am loving connecting with thousands of you via Twitter. But what I am not loving is my growing sense that a lot of you are getting lousy financial advice.
The anger was evident at Citigroup's annual meeting, where all nominated directors were elected but shareholders took turns at the microphone to object to how the bank has been operating.
Delsa Bernardo was ready to pop rolls in the oven at Yiya's Gourmet Cuban Bakery when she heard the news: After years of separation, she could finally visit her 80-year-old aunt in Cuba, any time she wanted.
Wal-Mart stores says U.S. same-store sales rose 1.4 percent in March as consumers continued to hunt for bargains and bought necessities, such as groceries. But the results are below Wall Street expectations.
Venezuelans voted in a tightly contested referendum Sunday on whether to allow left-wing President Hugo Chavez to stay in power for as long as he keeps winning elections or hand him his first defeat at the polls.
A constitutional referendum in Venezuela on Sunday is expected to significantly consolidate the power of President Hugo Chavez -- paving the way for a lifetime presidency and possibly an era of strong-man socialism -- but is not expected to fundamentally alter economic relations with the U.S., which are dominated by oil trade, analysts said Friday.
Wildfires continued to burn out of control across Southern California for a third day on Tuesday as 500,000 people fled the San Diego area, and firefighters made a desperate stand to save a mountain town ringed by flames.
The corporate headquarters of Sony Electronics has been closed Tuesday for the second day due to the wildfires ravaging Southern California.