Cruise Ships, and Sarkozy, Rescue Shipyard, for Now

Now the Chantiers de l’Atlantique, as locals still call the shipyard, is hoping to hang on a few more years at least, with support and some salesmanship from President Nicolas Sarkozy. Things looked especially bleak early this year for the shipyard, the last major one in France. There was just ...

Fox programs back on Cablevision

NEW YORK — Fox programming was back on Cablevision late Saturday after the cable company reached what it called an unfair deal with News Corp. Fox said signals for all stations and cable channels were restored for 3 million viewers before the first pitch of Game 3 ...

Will Cong set a precedent with Chavan?

NEW DELHI: The prospect of a land scam felling Maharashtra Chief Minister Ashok Chavan threatens to change the dynamics in the Congress amid an in-house feeling that it may restore “corruption” as an effective tool in factional turf wars. The issue of probity in bringing a chief minister to question ...

Patient Money: Be Alert to Protect Yourself Against Medicare Fraud

On Oct. 21, officials at a chain of mental health clinics in Miami were charged with making $200 million in fraudulent claims for group therapy sessions that authorities said were unnecessary or never provided. Medicare scams like these are rampant, costing taxpayers billions of dollars every year. But the schemes ...

Banks can’t have it both ways

THE banks’ calls for alternative funding sources conflict with their calls for reforms to foster a corporate bond market in Australia.  The banks grow by lending money and are willing lenders to corporate Australia. So when Canberra hears them plead for help because they need to fund this loan growth ...

Prosecutors doubt Vatican money-laundering pledges

In recent weeks the bank has made written and in-person pledges to pass anti-money laundering legislation, report and investigate suspicious transactions, identify customers to law enforcement and create a special compliance authority. Prosecutors, though, aren’t buying any of it. They claim that even as the bank was making such overtures, ...

How do annuities work?

By Walter Updegrave, senior editorOctober 29, 2010: 4:15 PM ET (Money Magazine) — Question: About five years ago, my wife and I put $200,000 into an annuity. Even with the down markets, my financial adviser tells me my guaranteed step-up value is now $375,000. I’m obviously pleased but how does ...

Coinstar stock soars 25% on Redbox growth

Click the chart for more on CSTR stock.By Julianne Pepitone, staff reporterOctober 29, 2010: 4:56 PM ET NEW YORK (CNNMoney.com) — Shares of Coinstar, the owner of Redbox DVD rental kiosks, surged almost 25% on Friday after the company reported earnings that topped expectations. Late Thursday, Coinstar (CSTR) said that ...

Off the Charts: Rethinking Early Retirement in Europe

Protests continued this week in France as the Parliament approved a bill that would raise the minimum age for reduced French retirement benefits to 62 from 60. The age to collect full benefits will rise to 67 from 65. That is not very different from the rules in effect in ...

Political ads a cash windfall for TV stations

NEW YORK — For TV viewers, this cutthroat election year is a riot of attack ads and media saturation made possible by big-money donors. For TV stations, it’s a stimulus package. One research group expects TV political spending to hit a record $3 billion, and the windfall ...

Wall Street edges up to close strong October

NEW YORK — Stocks edged higher Friday to close out the best October for the Dow Jones industrial average in four years. Trading activity was relatively light, with the Dow keeping to a tight range of just 50 points, amid uncertainty over next week’s elections. News ...

No accord on ethanol pricing at panel meet

NEW DELHI: A decision on the pricing of ethanol for the much-vaunted ethanol blending programme (EBP) of the Centre is being delayed due to disagreement among stakeholders over the availability of the biofuel. The stakeholders were at loggerheads on ethanol availability at a meeting of an expert panel on ethanol ...

Currency war : Asean calls for unity

KUALA LUMPUR (Commodity Online) : As more and more economies suffer on currency fluctuations, the Asean has called for more cooperation between regional central banks to calm the tensions. While China has kept a tight grip on the yuan, many Asian nations have seen their currencies soar against the US ...

Your Money: Buying a Foreclosure Home Is Not for the Timid

In their wake are aspiring owner-occupants. How hard could it be, they ask, to pick up one of these houses on the cheap and make it livable? For an answer, consider Jennifer Kuzara, 32, a grants manager for a nonprofit organization here. From early 2009 to early this year, she ...

Why it’s all about the China factor

WE still just don’t get it. The profound, unsettling and even painful changes and choices that China’s domination of our future is going to bring — and starting right now, if not yesterday. Here are two very different examples. Next week’s Reserve Bank interest rate decision and the Singapore Stock ...

Cigna’s 3Q profit falls; 2010 expectations rise

The Philadelphia insurer earned $307 million, or $1.13 per share, in the three months that ended Sept. 30. That’s down from the $329 million, or $1.19 per share, in the same period last year. Adjusted net income was $1.10 per share, and revenue climbed more than 16 percent to $5.27 ...

40 under 40: My first job

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