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DealBook: UBS Profit Falls on European Debt Crisis

rushabh — Tue, 07 Feb 2012 21:16:07 +0000

The largest Swiss bank said fourth-quarter profit slumped as its wealth management unit failed to make up for a loss in investment banking.

Europe Can Learn a Lesson (or 3) from the U.S.

rushabh — Tue, 07 Feb 2012 21:07:25 +0000

MarketWatch.com columnist David Weidner stops by Mean Street to discuss the three key things that Europe can learn from Americans. Photo: Getty Images.

Walmart to Add ‘Great For You’ Label to Healthy Foods

rushabh — Tue, 07 Feb 2012 20:59:56 +0000

As the country’s largest grocery store chain and one that caters in particular to budget-conscious consumers, Walmart plays an influential role in the health of American families.

European Union Shows Flexibility on Airline Emissions Law

rushabh — Tue, 07 Feb 2012 20:49:12 +0000

A European Union official said the bloc could suspend the requirement that non-E.U. airlines offset their emissions if progress were made toward establishing a global system.

Wall Street Seeing Its Own Demise

rushabh — Tue, 07 Feb 2012 20:48:36 +0000

Does Wall Street realize we are in a new era and only the fittest and savviest will survive? Gabriel Sherman stops by Mean Street to discuss with host Evan Newmark. Photo: Getty Images.

Greece protesters vent anger as EU ups pressure

rushabh — Tue, 07 Feb 2012 20:47:44 +0000

ATHENS: Greeks angered at wage and pension cuts being imposed on their country burned a German flag on Tuesday, with government talks on approving the terms of the bailout dragging into another day.

Consumer Borrowing Rises Again, Fed Says

rushabh — Tue, 07 Feb 2012 20:37:19 +0000

Consumer credit increased by $19.3 billion in December after a $20.4 billion gain in November. The two increases were the biggest monthly gains in a decade.

Greece Puts Off Talks a Day as Workers Strike

rushabh — Tue, 07 Feb 2012 20:36:44 +0000

Missing another deadline, the government failed to reach agreement with creditors Tuesday, and Greek workers walked off the job to protest austerity measures.

BP Reports Stronger Q4 Earnings in 2011

rushabh — Tue, 07 Feb 2012 20:32:51 +0000

The British oil company also reiterated its desire for a "fair and reasonable" settlement ahead of a trial on liability for the 2010 Gulf of Mexico oil spill.

BUSINESS: Business Day Live | February 7, 2012

rushabh — Tue, 07 Feb 2012 20:12:07 +0000

A major foreclosure services company is indicted for "robo-signing," even as a multibillion-dollar deal to provide relief to struggling homeowners offers limited legal protection for financial firms.