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Power Lunch Europe

  • Banks Act, Stocks Surge and Skeptics See a Pattern Thursday, 1 Dec 2011 | 7:41 AM ET
    Traders work on the floor of the London Metal Exchange in London, U.K., on Friday, Aug. 5, 2011. Stocks dropped for an eighth day, the longest losing streak since January 2010, and commodities declined on concern the U.S. recovery is faltering. Photographer: Chris Ratcliffe/Bloomberg via Getty Images

    A move announced by central bankers on Wednesday to contain the European debt crisis resulted in euphoria in global stock markets, but it also prompted skeptics to wonder: will this time be different? The New York Times reports.

  • Ratings Firm Misread Signs of Greek Woes Wednesday, 30 Nov 2011 | 4:31 AM ET

    In a stern pronouncement, Moody’s Investors Service this week warned of rising prospects for multiple defaults by countries in the euro zone and credit rating downgrades of nations across Europe if leaders should fail to resolve the spreading debt crisis.  The NYT reports.

  • MF Global Money Found in Britain? Tuesday, 29 Nov 2011 | 7:01 AM ET
    MF Global

    About $200 million in customer money that vanished from MF Global is believed to have surfaced at JPMorgan Chase in Britain, according to people briefed on the matter. The New York Times reports.

  • Even as Governments Act, Time Runs Short for Euro Sunday, 13 Nov 2011 | 1:09 PM ET

    The window of opportunity to save the euro is rapidly closing, as the sovereign debt crisis erodes the solvency of Europe’s banks and drives up borrowing rates for even once rock-solid countries like France.

  • Europe’s banking sector is ready for a shake-up as its largest financial institutions try to slim down their operations in response to the sovereign debt crisis. The NY Times repeorts.

  • Wall Street Pay Expected to Fall 20-30 Percent Tuesday, 8 Nov 2011 | 4:02 AM ET

    Wall Street bonuses are set to fall by an average of 20 to 30 percent this year from a year ago, according to a closely watched compensation survey—the weakest bonus season since the financial crisis and a reflection of the leaner times confronting the industry NYT reports.

  • In Corzine Comeback, Big Risks and Steep Falls Wednesday, 2 Nov 2011 | 5:18 AM ET
    An Indian stock broker looks worried as he watches the screen in Mumbai, India.

    When Jon S. Corzine joined MF Global last year it seemed like a strange choice — the firm had none of the glamour, let alone the profits or footprint of Goldman Sachs, the bank he ran during the 1990s.

  • West Sees Opportunity in Postwar Libya for Business Saturday, 29 Oct 2011 | 7:42 AM ET
    President Moammar Gadhafi of Libya

    The guns in Libya have barely quieted, and NATO’s military assistance to the rebellion that toppled Col.Muammar el-Qaddafi will not end officially until Monday.But a new invasion force is already plotting its own landing on the shores of Tripoli. The New York Times reports.

  • In Cautious Times, Banks Flooded With Cash Tuesday, 25 Oct 2011 | 12:59 PM ET

    Though financial institutions are not yet turning away customers at the door, they are trying to discourage some depositors from parking cash with them. NYT reports

  • Regulators Clamping Down on High-Speed Stock Trades Sunday, 9 Oct 2011 | 6:55 AM ET
    NYSE trader

    Regulators in the United States and overseas are cracking down on computerized high-speed trading that crowds today’s stock exchanges, worried that as it spreads around the globe it is making market swings worse. The New York Times reports.

  • Slovaks Love and Hate Euro; Bailout May Lie in Between Saturday, 8 Oct 2011 | 6:54 AM ET
    UNSPECIFIED - FEBRUARY 07: Cathedral in a city, St. Martin's Cathedral, Bratislava, Slovakia (Photo by DEA / W.BUSS/De Agostini/Getty Images)

    The prospect of guaranteeing the debt of richer but more spendthrift countries like Greece, Portugal and even Italy has led to public outrage in tiny Slovakia, the second-poorest country in the euro zone where the average worker earns just over $1,000 a month.  Now it is threatening to derail a collective European bailout . The New York Times reports.

  • Cash-Short, U.S. Weighs Asset Sales Friday, 30 Sep 2011 | 4:21 AM ET
    US Debt Clock

    Like Americans trying to raise quick cash by unloading their unwanted goods, the federal government is considering a novel way to reduce the deficit: holding the equivalent of a garage sale, reports the NY Times.

  • Greek Bonds Lure Some, Despite Risk Thursday, 29 Sep 2011 | 10:14 AM ET

    LONDON—Greece may never be able to pay off its huge debts, but its bonds, long scorned by investors, are suddenly being gobbled up by hedge funds. After a number of investors struck gold by betting against French banks, many have turned their attention to the hot yet risky euro zone trade of the moment: buying Greek government bonds that traders say are changing hands for as little as 36 cents for each euro of face value.

  • Interns Sue Major Movie Studio Thursday, 29 Sep 2011 | 5:17 AM ET

    Two men who worked on the hit movie “Black Swan” have mounted an unusual challenge to the film industry’s widely accepted practice of unpaid internships by filing a lawsuit on Wednesday asserting that the production company had violated minimum wage and overtime laws by hiring dozens of such interns. The NYT reports.

  • Greek Bonds Lure Some, Despite Risk Thursday, 29 Sep 2011 | 4:04 AM ET

    Greece may never be able to pay off its huge debts, but its bonds, long scorned by investors, are suddenly being gobbled up by hedge funds, the New York Times reports.

  • Advice on Debt? Europe Suggests US Can Keep It Saturday, 17 Sep 2011 | 10:13 AM ET
    Timothy Geithner

    “I found it peculiar that, even though the Americans have significantly worse fundamental data than the euro zone, that they tell us what we should do,” one European finance minister said.

  • Soros: Crisis 'Worse Than Lehman' Wednesday, 7 Sep 2011 | 1:14 AM ET
    George Soros

    Remember the collapse of Lehman Brothers ? Europeans certainly do. As Europe struggles to contain its government debt crisis, the greatest fear is that one of the Continent’s major banks may fail.

  • Europe’s Troubled Economies Join the Rescue Team Monday, 25 Jul 2011 | 10:29 AM ET
    Protestors escape tear gas fired by policemen in Athens.

    Can a bailout fund whose backers include some of the countries it may be called upon to bail out really succeed? The NYT reports.

  • Europe Approves Bailout Plan For Greece, Other Nations Thursday, 21 Jul 2011 | 4:03 PM ET
    Greece

    European leaders on Thursday clinched a new rescue plan for Greece that could push the country into default on some debt but would also give Europe’s bailout fund new powers to aid struggling economies, the NY TImes reports

  • European Central Bank

    The New York Times considers the possibility that a firm or group of firms insured billions of dollars of European debt through derivatives.