Insight: U.S. early warning system for financial crises gets low marks
WASHINGTON (Reuters) – In June 2009, a small group of academics sent an envoy to a Washington, D.C., think tank to pitch their vision for a research office to help the nation avoid the next financial crisis.
Target payment card data theft highlights lagging U.S. security
BOSTON (Reuters) – The massive data breach disclosed by retailer Target Corp last week is likely to teach its U.S. customers a painful lesson in payment card security and build support for an anti-fraud technology now sitting on the shelf.
IMF says will raise U.S. economic growth forecast
WASHINGTON (Reuters) – The International Monetary Fund predicts the U.S. economy would expand at a faster pace next year, given positive economic data and some signs of compromise in Congress, the head of the Washington-based lender said on Sunday.
Strike ends at Total refinery in western France
PARIS (Reuters) – Workers voted to end a strike over pay at Total’s Donges refinery in western France on Sunday, the oil company said, though industrial action continued at three other plants.
ECB’s Praet says Italy must stay on path to lower debt: paper
ROME/MILAN (Reuters) – Italy must keep its public accounts in check and stay on its planned path to lower debt as its economy shows signs of emerging from recession, European Central Bank Executive Board member Peter Praet said in interview on Sunday.
Seagram chairman, WJC head Edgar Bronfman dead at 84
NEW YORK (Reuters) – Billionaire businessman and philanthropist Edgar Bronfman, the chairman of the Seagram Company and long-serving president of the World Jewish Congress, died at his New York home on Saturday aged 84.
Finnish city Oulu sees light at end of Nokia tunnel
OULU, Finland (Reuters) – From early December, the Finnish city of Oulu is trapped in darkness for all but a few murky midday hours, a darkness some feared might be matched by its economic prospects after big local employer Nokia hit the skids.
A sweet Asian fruit tempts the troubled soft drink industry
NEW YORK (Reuters) – An obscure melon once cultivated by Buddhist monks in China to sweeten tea could give the $8 billion U.S. diet soda industry a shot at winning back consumers concerned about artificial ingredients.
Boeing machinists to vote on revised offer, union says
SEATTLE (Reuters) – Unionized workers at Boeing Co who resoundingly rejected a proposed contract last month will get a chance to vote on the company’s latest offer, the union’s national office said on Saturday, despite opposition to the revised deal fr…
Millions of Target shoppers face new debit card limits
NEW YORK (Reuters) – At least 2 million shoppers who used bank debit cards at Target Corp stores during its recent data breach are facing lower limits on how much cash they can take out of teller machines and spend at stores.
