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Stocks down again as Merkel rules out ECB role

November 25, 2011 • BusinessComments Off

A Tokyo Stock Exchange employee monitors stock update on computer terminals in Tokyo Thursday, Nov. 24, 2011. Asian stock markets were mostly lower Thursday amid mixed economic data out of the U.S. and fears that the German economy, Europe’s strongest, may be succumbing to the continent’s debt crisis. Japan’s Nikkei 225, reopening after a...

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Eskom key reason South Africa is big polluter

November 25, 2011 • BusinessComments Off

In this photo taken Monday, Nov. 21, 2011, the cooling towers at Eskom’s coal-powered Lethabo power station are seen near Sasolburg, South Africa. Eskom is Africa’s biggest power utility, accounting for more than 60 percent of all the electricity...

Thanksgiving travel rush is under way across US

November 24, 2011 • BusinessComments Off

With the Capitol in the background, Thanksgiving travelers come and go at Union Station in Washington, Wednesday, Nov. 23, 2011. Holiday travel got off to a soggy start in parts of the U.S. Wednesday as millions of Americans undeterred by costlier gas and...

Strains in German economy trouble Europe

November 24, 2011 • BusinessComments Off

European Commission President Jose Manuel Barroso speaks during a media conference at EU headquarters in Brussels, on Wednesday, Nov. 23, 2011. The European Commission backed the introduction of jointly issued eurobonds, coupled with stricter budgetary...

Supercommittee failure complicates election year

November 24, 2011 • BusinessComments Off

FILE – In this Nov. 22, 2011 file photo, President Barack Obama gestures while speaking at Central High School in Manchester, N.H. The failure of Congress’ supercommittee adds a new dimension to the 2012 political contests by drawing political...

Fired CEO of Olympus speaks with investigators

November 24, 2011 • BusinessComments Off

Former Olympus Corp. Chief Executive Michael Woodford is surrounded by the media upon his arrival at Tokyo’s international airport at Narita on Wednesday Nov. 23, 2011. Woodford has returned to Japan for the first time since his firing last month...

More tourists head to Caribbean but spend less

November 24, 2011 • BusinessComments Off

A tourist takes a photo of a cruise ship in Old San Juan, Puerto Rico, Wednesday Nov. 23, 2011. The Caribbean anticipates another surge in visitors this winter, but officials warn that the amount the average tourist spends probably will decline. (AP...

Mich. woman scales back on extras, but not holiday

November 24, 2011 • BusinessComments Off

In a photo provided by the Huff family, Lynne Huff is shown in a Sept. 17, 2011 photo. For Huff, celebrating Thanksgiving is not negotiable. How much she can bring to the table, and where she eats it, are open to change. This year, the 57-year-old woman from...

Groupon’s shares fall below IPO price in 3 weeks

November 24, 2011 • BusinessComments Off

FILE – This Oct. 21, 2011 file photo, shows the Groupon logo inside the online coupon company’s offices, in Chicago. Groupon Inc.’s stock fell below its initial public offering price Wednesday, Nov. 23, 2011, for the first time as investors...

Brazil suspends Chevron’s drilling permission

November 24, 2011 • BusinessComments Off

This photo taken Nov. 18, 2011 and released by Rio de Janeiro’s government, shows an aerial view of vessels in the clean up of an oil spill in an offshore field operated by Chevron at the Bacia de Campos, in Rio de Janeiro state, Brazil. Rio de Janeiro...