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Asian stocks rise as investors watch Europe

January 31, 2012 • BusinessComments Off

A currency trader walks through the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Monday, Jan. 30, 2012. Asian stock markets fell Monday, with slower-than-expected growth in the U.S. and uncertainty about a tentative deal to resolve Greece’s debt crisis weighing on investor sentiment. South Korea’s...

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Ill. nuclear reactor loses power, venting steam

January 31, 2012 • BusinessComments Off

FILE – In this March 16, 2011 photo, steam escapes from Exelon Corp.’s nuclear plant in Byron, Ill. A nuclear reactor the plant shut down Monday, Jan. 30, 2012 after losing power, and steam was being vented to reduce pressure, according to...

German plan for ‘savings Czar’ finds no taker

January 31, 2012 • BusinessComments Off

French President Nicolas Sarkozy addresses the media during an EU summit at the European Council building in Brussels, Monday, Jan. 30, 2012. All European Union countries, except Britain and the Czech Republic, agreed Monday to sign onto a new treaty designed...

Gambling trial jury selection postponed a week

January 31, 2012 • BusinessComments Off

Former State Rep. Johnny Ford, of Tuskegee, talks with reporters outside the Federal Building in Montgomery, Ala., Monday, Jan. 30, 2012. Ford was calling on federal prosecutors to end their case against casino owner Milton McGregor and six others charged...

China cadmium spill threatens city water supplies

January 31, 2012 • BusinessComments Off

Workers labor in an emergency to connect the Liuzhou city’s tap water pipeline to a grid that uses safer water sources after cadmium pollution tainted the Longjiang River in southwestern China’s Guangxi region, Saturday, Jan. 28, 2012. The cadmium...

Brazil’s Rousseff focuses on economy in Cuba visit

January 31, 2012 • BusinessComments Off

Brazil’s President Dilma Rousseff waves upon her arrival to Havana, Cuba, Monday, Jan. 30, 2012. Rousseff is in Cuba for a visit emphasizing economic cooperation. (AP Photo/Franklin Reyes) HAVANA (AP) — Brazilian President Dilma Rousseff began a tour of...

25 EU nations to sign treaty to stop overspending

January 31, 2012 • BusinessComments Off

British Prime Minister David Cameron, left, speaks with German Chancellor Angela Merkel during a round table meeting at an EU summit in Brussels on Monday, Jan. 30, 2012. European leaders will try to come up with ways to boost growth despite steep budget cuts...

RBS CEO turns down bonus amid criticism of payout

January 30, 2012 • BusinessComments Off

A sign of RBS, Royal Bank of Scotland, is seen at its office in the City of London, Friday, Jan. 27, 2012. RBS bank’s board of directors have awarded the bank’s CEO Stephen Hester 3.6 million shares for his work over the last year, worth about...

Euro, rich-poor gap proved key issues at Davos

January 30, 2012 • BusinessComments Off

Workers remove material during the last day of the 42nd Annual Meeting of the World Economic Forum, WEF, in Davos, Switzerland, Sunday, Jan. 29, 2012. (AP Photo/Keystone/Jean-Christophe Bott) DAVOS, Switzerland (AP) — Europe’s crippling debt crisis...

Hugo Chavez warns he could nationalize some banks

January 30, 2012 • BusinessComments Off

In this photo released by Miraflores Presidential Press Office, Venezuela’s President Hugo Chavez, right, shakes hands with a rural worker during his weekly broadcast “Hello President” in Santa Barbara, Barinas State, Venezuela, Sunday, Jan....