By Blake Ellis, staff reporterNovember 29, 2010: 7:27 PM ET NEW YORK (CNNMoney.com) — Less than a month after the Kardashian Kard made its controversial debut, the reality show sisters terminated the glitzy prepaid debit card. The decision to dump the card comes after Connecticut Attorney General Richard Blumenthal wrote ...
Interview by Brian Dumaine, senior editor-at-largeNovember 30, 2010: 5:36 AM ET FORTUNE — Everyone is talking about creating more green jobs, but few people seem to know how to actually do it. That got Chad Holliday, the former CEO of DuPont and current chairman of Bank of America (BAC, Fortune ...
Bella Akhmadulina, a poet whose startling images and intensely personal style, couched in classical verse forms, established her as one of the Soviet Union’s leading literary talents, died on Monday at her home in Peredelkino, outside Moscow. She was 73. Her death was reported by the Russian news agency Itar-Tass, ...
CBO’s latest assessment of the widely reviled program is lower even than the Obama administration’s own estimate of less than $50 billion, which was criticized as too rosy after it was issued at the end of September. More must-see stories Holiday classics ...
NEW YORK — Stocks ended lower Monday on lingering fears that Europe’s debt crisis will continue to spread even after Ireland gets bailed out. The Dow Jones industrial average dipped below 11,000 but recovered much of its losses late in the day. The euro fell to a two-month low ...
NEW DELHI: Finance minister Pranab Mukherjee is unlikely to go for any major changes in direct taxes when he presents the Budget in February. According to indications, he will restrict himself to minor tweaking in the policy on income and corporation tax, and leave the major changes to April 2012 ...
THE collapsed Lehman Brothers has secured a major tactical victory by agreeing to a commercial settlement with Perpetual Trustees. This will prolong the massive uncertainty in the $US426 trillion global swaps market. In a controversial decision earlier this year, US bankruptcy judge James Peck effectively overturned the basis on which the ...
NEW YORK — Stocks fell sharply Monday afternoon as concerns about the European debt crisis overshadowed a strong weekend of holiday sales. The euro fell to a two-month low and investors flocked to the safety of the dollar and Treasurys after the European Union agreed Sunday to provide nearly $90 ...
MEDICAL devices company REVA Medical is set to raise up to $85 million on the Australian stock exchange. The San Diego-based group, valued at $345m by the offer, will be led by co-founder and executive chairman Robert Stockman. Its board of directors will include high-profile non-executive director Anne Keating and ...
By CNNMoney staffNovember 28, 2010: 6:59 PM ET NEW YORK (CNNMoney.com) — The court-appointed trustee trying to recover money stolen by Bernard Madoff has sued the Ponzi con’s relatives and former employees in a bid for $69 million. Trustee Irving Picard said he brought 40 lawsuits on Friday in U.S. ...
GENEVA — After heated debate and a campaign utilizing controversial “black sheep” posters, Switzerland’s far-right party won voters’ support in a referendum Sunday that calls for the automatic deportation of foreigners who are convicted of serious crimes. Voters also rejected an initiative to set a minimum national tax rate for ...
NEW YORK — There is no sign that investors’ headaches from Europe are going away, but early indications of strong holiday spending and an improving labor market could soothe Wall Street next week. Fears that Europe’s debt crisis could spiral out of control have pushed stocks off two-year highs hit ...
NEW DELHI: Investigating agencies probing the allotment of mobile permits by former telecom minister A Raja are examining a transaction between Tata Realty and Infrastructure Ltd (TRIL), a Tata Group company, and real estate firm Unitech in 2007. People familiar with the investigation say a loan of around Rs 1,600 ...
SHOPPING online in late July, Clarabelle Rodriguez typed the name of her favorite eyeglass brand into Google’s search bar. In moments, she found the perfect frames — made by a French company called Lafont — on a Web site that looked snazzy and stood at the top of the search ...
THE Australian Taxation Office will release its long-awaited final rulings on private equity companies on Wednesday. But experts warn the government may still have to act to promote Australia as a regional financial services hub. It is more than a year since the tax office went to court to freeze ...
BRUSSELS — Debt-crippled Ireland has completed negotiations to become the second eurozone country to receive an EU-IMF bailout, and a deal will be ratified and published by European governments within hours, Prime Minister Brian Cowen said Sunday. European finance ministers thrashed out the final details of an estimated euro85 billion ...
EYEWEAR group Luxottica is set to expand its Australian presence. It has acquired the Optifashion chain of 61 optical stores, bringing its store portfolio to almost 1000 sites. Luxottica regional chief executive Chris Beer said that while the discretionary retail market was under pressure, the deal would provide a needed ...
