Republicans Reject Obama Budget as He Sells It to Public

Congressional Republicans dug in to fight President Barack Obama’s plan to skirt the fiscal cliff, rejecting his tax-and-spending proposal as the president heads out today to sell it to the American public.
Read more: Bloomberg news

Macau Gangster Who Missed Boom to Be Freed After 14 Years

The Macau gangster known as “Broken Tooth,” once accused of planning to kill the police chief of the city that turned into the world’s biggest casino hub, will be freed tomorrow after more than 14 years in prison.
Read more: Bloomberg news

Geithner Sets Congress Talks as Republicans Seek Cuts

Treasury Secretary Timothy F. Geithner arrives at the Capitol today to face demands from Republican leaders to spell out spending cuts, after President Barack Obama won backing from some corporate executives to raise taxes as part of a deal to avert the fiscal cliff.
Read more: Bloomberg news

Copper Shortage Seen Extending as China Accelerates: Commodities

Copper supply shortages will extend into the first half of next year as an accelerating Chinese economy more than doubles the pace of growth in global consumption even as mines extract a record amount of metal.
Read more: Bloomberg news

Apple’s Cue Seeks Overhaul of Maps Amid Duel With Google

Apple Inc.’s Eddy Cue, who took charge of map software last month, is racing to turn around the troubled service, firing a senior manager and urging partners to improve data amid an escalating rivalry with Google Inc.
Read more: Bloomberg news

Apple Said to Fire Maps Manager as Flaws Hurt IPhone 5

Apple Inc. has fired the manager responsible for its troubled mapping software, seeking to win back the trust of users disappointed after the program debuted in September, according to people familiar with the move.
Read more: Bloomberg news

Chavez Seeks More Cancer Treatment in Cuba After Election

Venezuelan President Hugo Chavez is seeking treatment in Cuba to aid his recovery from cancer, seven weeks after winning re-election in a campaign in which he told voters he was “totally free” of the disease.
Read more: Bloomberg news

Lee Rues Singapore as Retirement Home Unless Birthrate Rises

Singapore Prime Minister Lee Hsien Loong said encouraging citizens to have more children is the biggest challenge confronting the island nation if it wishes to remain an economic juggernaut in the developed world.
Read more: Bloomberg news

Harvard Doctor Turns Felon After Lure of Insider Trading

From the age of six, Joseph F. “Chip” Skowron III aspired to be a doctor. At Yale, he earned both a medical degree and a doctorate in molecular and cellular biology, then qualified for Harvard’s elite, five-year residency program. Three years in, Skowron quit medicine for Wall Street. He and two partners started a group of health-care investment funds under the auspices of FrontPoint Partners LLC, a hot new property in the exploding world of hedge funds.
Read more: Bloomberg news

U.S. Treasury Declines to Name China Currency Manipulator

China isn’t a currency manipulator under U.S. law, though the yuan “remains significantly undervalued” and needs to rise further, the Treasury Department said.
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Fiscal Cliff Compromise Elusive as Congress Returns

Republicans’ post-election rhetorical openness to higher taxes comes with a price that neither side of the fiscal debate in Washington may be willing to pay.
Read more: Bloomberg news

Zhang Companies Drop in Hong Kong as Billionaire Resigns

China Rongsheng Heavy Industries Group Holdings Ltd. and Glorious Property Holdings Ltd. both declined in Hong Kong trading after billionaire Zhang Zhirong quit as chairman of the companies.
Read more: Bloomberg news

Catalan Pro-Independence Parties Win Regional Vote

Election gains by Catalan separatists spurred their independence drive in a setback for regional President Artur Mas that may deepen his stand-off with Spanish Prime Minister Mariano Rajoy.
Read more: Bloomberg news

Retailers Keep Deals Flowing on 13% Holiday-Sales Jump

U.S. retailers are extending deals into Cyber Monday and beyond to try to sustain a 13 percent gain in Thanksgiving weekend sales.
Read more: Bloomberg news

Vietnam Empty Office Towers Show Dreams Turned to Rubble

From afar, the gleaming metal and glass edifices of Hanoi’s EVN Tower illustrate Vietnam’s rapid economic development. Up close, the rubble-strewn entrance and missing windows tell another story: one of loose lending and property speculation that now hangs over the country’s banks.
Read more: Bloomberg news

Egypt Clashes Resume After Night Protest Over Mursi

Egypt’s judiciary prepared to suspend work and a fourth consecutive day of clashes erupted in Cairo as critics likened President Mohamed Mursi’s decrees granting himself sweeping powers to the policies of a regime hundreds died to oust last year.
Read more: Bloomberg news

Retailers’ Thanksgiving Deals Cut Black Friday Spending

Thanksgiving Day openings and midnight deals at retailers from Target Corp. to Wal-Mart Stores Inc. drew U.S. shoppers out earlier than ever, trimming spending on Black Friday.
Read more: Bloomberg news

India Pledges to Cut Deficit, Cap Debt to Avert Downgrade

Top Indian officials said they will cut the widest budget deficit among the world’s largest emerging markets and curb public debt, as the Asian nation seeks to avert a credit-rating downgrade.
Read more: Bloomberg news

Mursi Decree Fuels Egyptian Protests, Raises U.S. Concern

Egyptian hospitals treated injuries sustained during rallies against President Mohamed Mursi’s decree extending his powers, which sparked one of the biggest nationwide protests since the fall of Hosni Mubarak.
Read more: Bloomberg news

Black Friday Draws Millions in Early Kickoff for Sales

Target Corp. took some flak for opening stores on Thanksgiving because doing so would give employees less celebrating time with their families. Still, the 9 p.m. start attracted more parents and their kids.
Read more: Bloomberg news

EU Budget Summit Fails in Echo of Debt-Crisis Stalemate

European Union leaders failed to agree on the 27 nation bloc’s next seven-year budget, replaying the clash between rich and poor countries that has stymied the response to the euro debt crisis.
Read more: Bloomberg news

Ranbaxy Declines After Recall of Generic Lipitor in U.S.

Ranbaxy Laboratories Ltd. fell the most in more than three months after announcing a recall of the company’s generic version of Pfizer Inc.’s cholesterol treatment Lipitor.
Read more: Bloomberg news

Jain Gets Silent Treatment as Bankers Eat Humble Pie

Deutsche Bank AG co-Chief Executive Anshu Jain says telling people he works in banking is a conversation-killer at parties, as the industry fails to convince the general public that it’s changing.
Read more: Bloomberg news

Alcatel-Lucent Said in Financing Talks With Goldman Sachs

Alcatel-Lucent SA is in talks with Goldman Sachs Group Inc. about obtaining a loan to strengthen the unprofitable network equipment vendor’s balance sheet, according to people familiar with the situation.
Read more: Bloomberg news

Greece Exit Costs Hurt Coca-Cola Hellenic’s Debt

Coca-Cola Hellenic Bottling Co. SA bondholders are losing confidence in the firm’s plan to leave Greece on concern the cost of the move will trigger a credit- rating downgrade for the nation’s biggest company.
Read more: Bloomberg news

Billionaire Brothers May Quit Mining Business: Corporate India

Gulf Oil Corp., controlled by the billionaire Hinduja brothers, may exit the mining business as restrictions on excavations in India slow demand for its services to extract coal, iron ore and minerals.
Read more: Bloomberg news

Israeli Troops Fire on Palestinians at Gaza Border Fence

Israeli troops fired on Palestinians near the Gaza Strip border, in an incident Hamas said left one dead and 25 injured, leading to accusations from both sides that a two-day-old cease-fire was breached.
Read more: Bloomberg news

Gaza Cease-Fire Success Hinges on Israel-Hamas Efforts

Israel and Hamas are seeking to solidify an Egyptian and U.S.-crafted cease-fire halting eight days of aerial assaults that ravaged the Gaza Strip and made Tel Aviv a missile target.
Read more: Bloomberg news

Russian Billionaire Fights to Recoup Investment: Corporate India

Billionaire Vladimir Evtushenkov, who has plowed $3.2 billion into a phone venture in India since 2008, is poised to invest billions more as his company fights to recover mobile licenses scrapped by the nation’s top court.
Read more: Bloomberg news

Jobs’s Spaceship-Like Apple Offices Completion Meets Delays

Apple Inc. said the construction of a new spaceship-like headquarters with a circular design in Cupertino, California, won’t be completed until mid-2016, later than originally projected, as the company revises its plans.
Read more: Bloomberg news

Olam Sues Muddy Waters, Block After Accounting Questions

Olam International Ltd., the world’s second-largest rice trader, sued investment firm Muddy Waters LLC and its founder Carson Block for defamation after they questioned the commodity supplier’s accounting methods.
Read more: Bloomberg news

Soros Buying Gold as Record Prices Seen on Stimulus

Gold’s 12-year rally, the longest in at least nine decades, is poised to continue in 2013 as central bank stimulus spurs investors from John Paulson to George Soros to accumulate the highest combined bullion holdings ever.
Read more: Bloomberg news

HP Plunges on $8.8 Billion Charge From Autonomy Writedown

Hewlett-Packard Co. accused Autonomy Corp., the software maker it bought last year, of a broad range of financial falsehoods resulting in an $8.8 billion writedown, adding to challenges facing Chief Executive Officer Meg Whitman in the midst of a multiyear turnaround. Shares plunged.
Read more: Bloomberg news

Hostess and Bakers Union Asked Accept Strike Mediation

The judge overseeing Hostess Brands Inc., while declining to approve the company’s liquidation, asked management and the bakers’ union to enter mediation today to resolve the strike that the maker of Twinkies and Wonder bread said forced it to shut.
Read more: Bloomberg news

France Loses Top Rating at Moody’s in Blow to Hollande

France lost its top credit rating at Moody’s Investors Service, which also maintained a negative outlook for Europe’s second-largest economy, citing what it called a worsening growth outlook.
Read more: Bloomberg news

EU Leaders Face Greek Aid Gap in Brinkmanship With IMF

European finance ministers will try to plug a 15 billion-euro ($19 billion) hole in Greece’s finances and win over the International Monetary Fund in the latest installment of three years of debt-crisis brinkmanship.
Read more: Bloomberg news

Stocks Advance on U.S. Budget Optimism; Dollar Weakens

Stocks around the world snapped the longest losing streak in almost a year on optimism a deal can be reached to avoid automatic U.S. spending cuts and tax increases. Oil led commodities higher. The dollar and Treasuries fell.
Read more: Bloomberg news

Europe Finance Chiefs Try to Trim Greek Gap Amid IMF Spat

European finance ministers aim to stitch together Greece’s next aid payment as a sputtering euro- area economy and a spat with the International Monetary Fund cloud efforts to resolve the debt crisis.
Read more: Bloomberg news

Hedge Funds Cut Bets in Longest Retreat Since 2008: Commodities

Hedge funds cut bullish commodity bets for a sixth straight week, the longest slump since the depths of the global recession four years ago, on mounting concern that economies are slowing.
Read more: Bloomberg news

SAS Secures Pilot Backing for Cuts as Deadline Expires

SAS Group’s plans to eliminate jobs and shrink the business won the backing of unions representing pilots and the bulk of cabin crew as Scandinavia’s biggest airline fights to stay afloat.
Read more: Bloomberg news

Israel Expands Gaza Raids as Regional Leader Seek Truce

Israel kept up its bombardment of the Gaza Strip amid a fifth day of rocket attacks on its cities as regional leaders raced to broker a cease-fire accord.
Read more: Bloomberg news

Fiscal Negotiators See Optimism With Hurdles Remaining

The first face-to face meeting between President Barack Obama and congressional leaders about the so-called fiscal cliff yielded optimism from participants with few details on how they would resolve their disagreements.
Read more: Bloomberg news

Hostess Seen Attracting Bids for Assets From Flowers

Hostess Brands Inc., the bankrupt maker of Wonder bread and Twinkies, said it will fire more than 18,000 workers and liquidate after a nationwide strike by bakery workers crippled operations.
Read more: Bloomberg news

U.S. Stocks Rise as Boehner Says Talks Were Constructive

U.S. stocks rose, erasing earlier losses, as House Speaker John Boehner said he had constructive talks with President Barack Obama on the budget and would accept government revenue increases coupled with spending cuts.
Read more: Bloomberg news

Twinkie Junkies Raid Stores as Hostess Brands to Close

Twinkie junkies have spoken.
Read more: Bloomberg news

Jobless Claims in U.S. Jumped Last Week After Sandy

More Americans than forecast submitted claims for unemployment insurance and factory production declined in the northeastern U.S. after superstorm Sandy struck the region.
Read more: Bloomberg news

Citigroup Seeing FX Signals of Early End to Stimulus: Currencies

The foreign-exchange market is signaling to Citigroup Inc. that it isn’t yet convinced the Federal Reserve will fulfill its pledge to keep pumping record amounts of cash into the U.S. economy through 2015.
Read more: Bloomberg news

Nintendo Faces Wii U Shortage After Debut in U.S. This Weekend

Nintendo Co.’s new Wii U will likely fly off store shelves during the holiday shopping season, giving the creator of Mario and Zelda a temporary boost as it tries to rebound from its first annual loss.
Read more: Bloomberg news

U.S. Postal Service on a ‘Tightrope’ Lost $15.9 Billion

The U.S. Postal Service said its net loss last year widened to $15.9 billion, more than the $15 billion it had projected, as mail volume continued to drop, falling 5 percent.
Read more: Bloomberg news

U.S. Stocks Fall on Wal-Mart Forecast, Budget Debate

U.S. stocks fell, after the Dow Jones Industrial Average dropped to the lowest level since June yesterday, as Wal-Mart Stores Inc. forecast earnings that missed estimates and lawmakers prepared for budget talks.
Read more: Bloomberg news

Jobless Claims in U.S. Jumped Last Week After Sandy

More Americans than forecast submitted claims for unemployment insurance last week as superstorm Sandy wreaked havoc on the job market.
Read more: Bloomberg news

U.S. Stocks Fluctuate Following Yesterday’s Declines

U.S. stocks fluctuated between gains and losses, after the Dow Jones Industrial Average dropped to the lowest level since June yesterday, as lawmakers prepared for budget talks.
Read more: Bloomberg news

Obama’s Defense of Rice Suggests She May Succeed Clinton

President Barack Obama’s spirited defense of U.S. Ambassador to the United Nations Susan Rice has moved her a step closer to being named to succeed Secretary of State Hillary Clinton.
Read more: Bloomberg news

U.S. Postal Service on a ‘Tightrope’ Lost $15.9 Billion

The U.S. Postal Service said its net loss last year widened to $15.9 billion, more than the $15 billion it had projected, as mail volume continued to drop, falling 5 percent.
Read more: Bloomberg news

Singapore’s Casinos Lose Luster as Gaming Revenue Decline

Genting Singapore Plc and Las Vegas Sands Corp. reported the lowest gaming revenue in at least 18 months at their Singapore casinos, signaling slower economic growth and tighter rules are restricting spending by gamblers.
Read more: Bloomberg news

King Beaten by Pound Gains as Foreigners Buy Homes: Currencies

At a time when Bank of England Governor Mervyn King could use a weaker pound to boost the economy, investors from Japan to Norway are propping up sterling by purchasing more U.K. real estate than British citizens and the most stocks and bonds in over three years.
Read more: Bloomberg news

Microsoft Said to Push Out Windows’ Sinofsky After Clash

Microsoft Corp. pushed out Steven Sinofsky, president of the Windows operating system division, after clashes with executives, including Chief Executive Officer Steve Ballmer, people with knowledge of the move said.
Read more: Bloomberg news

Lagarde Woos Southeast Asia as Region Cuts IMF Reliance

Fresh from yet another meeting in Brussels on Europe’s debt crisis, International Monetary Fund Managing Director Christine Lagarde today kicked off a three- country tour of Southeast Asia, which is thriving after emerging from turmoil more than a decade ago.
Read more: Bloomberg news

Europe Gives Greece 2 More Years to Reach Deficit Targets

Euro finance chiefs left unanswered how they’ll fill a fresh hole in Greece’s balance sheet without tapping their own bailout-weary taxpayers for money after giving the country two extra years to trim its budget deficit.
Read more: Bloomberg news

Verizon, Vodafone Get $8.5 Billion Wireless Dividend

Vodafone Group Plc and Verizon Communications Inc., co-owners of Verizon Wireless, will get an $8.5 billion dividend from the venture by the end of 2012, the second straight year the unpredictable windfall will be paid.
Read more: Bloomberg news

Euro Falls to Two-Month Low on Greece Concern

The euro fell to two-month lows against the dollar and Swiss franc as European finance ministers struggled to agree on how to provide additional aid for Greece, curbing demand for the region’s common currency.
Read more: Bloomberg news

Apple Settles HTC Patent Suits Shifting From Jobs’ War

Apple Inc. settled all global lawsuits with HTC Corp., signaling a new willingness to resolve patent disputes without resorting to the “thermonuclear war” stance favored by co-founder Steve Jobs.
Read more: Bloomberg news

Bulls Cut Wagers as Prices Rally Most in Two Months: Commodities

Speculators cut bullish commodity wagers by the most in five months as prices had their biggest gain in eight weeks on mounting speculation that stimulus measures will bolster economic growth.
Read more: Bloomberg news

Israel Warns of Painful Response to Fire From Gaza, Syria

Israeli troops fired into Syrian territory today for the second time in less than 24 hours after a mortar shell again hit the Israeli-controlled side of the Golan Heights.
Read more: Bloomberg news

Pimco-to-DWS See Economy Escaping Cliff as Stocks Fall

The world’s biggest investors say the rout that erased $1 trillion from the value of global equities after President Barack Obama was re-elected overlooks the fact that the world economy is improving while U.S. leaders start discussions that may avoid the so-called fiscal cliff.
Read more: Bloomberg news

EU Seeks to Keep Crisis Fight on Track After Greek Vote

Greek lawmakers’ midnight approval of a 2013 austerity budget put the onus on European finance ministers meeting later today to keep their three-year crisis fight on track.
Read more: Bloomberg news

Obama, Boehner Open to Compromise With Firm Stance

President Barack Obama and House Speaker John Boehner began public negotiations over how to avert the so-called fiscal cliff, expressing a willingness to compromise while reiterating their previous positions.
Read more: Bloomberg news

CIA Director Petraeus Resigns, Citing Extramarital Affair

CIA Director David H. Petraeus, the retired four-star general widely commended for his oversight of the U.S. wars in Iraq and Afghanistan, resigned after an FBI investigation uncovered evidence of an extramarital affair.
Read more: Bloomberg news

Voting Rights Act Challenge Gets U.S. High Court Hearing

The U.S. Supreme Court will consider overturning a signal achievement of the civil rights movement, agreeing to hear a challenge to part of the 1965 Voting Rights Act in a case loaded with racial and political ramifications.
Read more: Bloomberg news

Obama-Boehner 2011 Near-Deal Blueprint for New Debt Talks

The blueprint for a deal to avoid a fiscal nightmare early next year may be found in the failed debt negotiations between President Barack Obama and House Speaker John Boehner in mid-2011.
Read more: Bloomberg news

Morgan Stanley Hired Goldman Trader Named in U.S. Suit

It took Matthew Marshall Taylor less than three months to land a job at Morgan Stanley after Goldman Sachs Group Inc. disclosed in a public filing that he had been fired for building an “inappropriately large” proprietary trading position.
Read more: Bloomberg news

Priceline Buys Kayak for $1.8 Billion Expanding in Travel

Priceline.com Inc., the most valuable online-travel agency, is buying Kayak Software Corp. for $1.8 billion, adding profitable search tools to its services that help consumers book flights and hotels online.
Read more: Bloomberg news

Groupon Plunges to Record Low After Coupon Demand Fades

Groupon Inc., the largest daily-deal website, plunged to a record low after reporting third-quarter revenue that missed estimates as sales of coupons overseas declined from the previous period.
Read more: Bloomberg news

Obama Victory Leads Wealthy to Make Quick Pre-2013 Moves

The race is on for wealthy Americans to save on taxes before Jan. 1.
Read more: Bloomberg news

Obama Wins Re-Election With Romney Defeated in Key States

Barack Obama, the post-partisan candidate of hope four years ago who became the first black U.S. president, won re-election by overcoming four years of economic discontent with a mix of political populism and electoral math.
Read more: Bloomberg news

Obama First Since FDR Re-Elected With 7.9% Joblessness

President Barack Obama, whose hope- and-change campaign promises yielded to grim economic realities in the White House, defied history to win re-election last night, as wary Americans seeing glimmers of a recovery handed him a second chance.
Read more: Bloomberg news

Washington, Colorado Allow Recreational Use of Marijuana

Washington and Colorado voters legalized recreational use of marijuana, making them the first U.S. states to decriminalize the practice.
Read more: Bloomberg news

Nate Silver-Led Statistics Men Crush Pundits in Election

Nate Silver was right. The Gallup Poll was wrong.
Read more: Bloomberg news

Romney Lost Race in Summer After Obama Redefined Resume

Mitt Romney lost the presidential race in the summer.
Read more: Bloomberg news

OBAMA WINS RE-ELECTION

(Reuters) - Fresh from a decisive re-election win, President Barack Obama returns from the campaign trail on Wednesday with little time to savor victory, facing urgent economic and fiscal challenges and a still-divided Congress capable of blocking his every move.

Obama defeated Republican challenger Mitt Romney on Tuesday night after a grueling presidential race and used his acceptance speech in front of a huge cheering crowd in Chicago to strike a conciliatory note toward his political opponents.

But in the cold light of the election's morning-after, it was clear that even though voters have given their stamp of approval for a second Obama term, he could have a hard time translating that into a mandate to push forward with his agenda.

Americans chose to stick with a divided government in Washington by leaving the U.S. Congress as it has been since the midterm elections of 2010.

Obama's fellow Democrats retain control of the Senate and Republicans keep the majority in the House of Representatives, giving them power to curb the president's legislative ambitions.

Read More: Reuters

Christie Says ‘Know-Nothing’ Romney Aides Spread Reports

New Jersey Governor Chris Christie said “know-nothing” campaign staffers are the sources of reports of tension between him and Republican presidential candidate Mitt Romney in the wake of Hurricane Sandy.
Read more: Bloomberg news

Stocks Rise as Dollar, Treasuries Drop Amid U.S. Voting

U.S. stocks and commodities rallied for a second day, while the dollar and Treasuries fell, as investors awaited presidential election results. Oil and gasoline surged the most in a month before an inventories report.
Read more: Bloomberg news

New York Looks Into Craigslist Gasoline Sales at $8 a Gallon

The New York attorney general’s office is looking into whether gasoline offered through the Craigslist website for as much as $8 a gallon is legal as motorists cope with retail shortages after Hurricane Sandy.
Read more: Bloomberg news

Drop in U.S. Job Openings Shows Uneven Labor Market

Job openings in the U.S. dropped to a five-month low in September, signaling uneven progress in the labor market may extend through year-end.
Read more: Bloomberg news

Romney Competes With Obama to Defy History in Election

President Barack Obama and Mitt Romney are both running against history -- the only question now is who will defy it to win the presidency.
Read more: Bloomberg news

Apple Said to Be Exploring Switch From Intel for Mac

Apple Inc. is exploring ways to replace Intel Corp. processors in its Mac personal computers with a version of the chip technology it uses in the iPhone and iPad, according to people familiar with the company’s research.
Read more: Bloomberg news

Obama Works Turnout as Romney Seeks Wave on Final Day

President Barack Obama beseeched core supporters and wayward backers to go to the polls, while Republican challenger Mitt Romney reached for an upset victory powered by anti-incumbent fervor on the final full day of a race that polls suggest has tilted slightly in the president’s favor.
Read more: Bloomberg news

Berkshire Cash Nears Record as Buffett Extends Deal Hunt

Berkshire Hathaway Inc.’s cash pile climbed to near-record levels in the third quarter as Chairman Warren Buffett extended his search for larger acquisitions.
Read more: Bloomberg news

Apple Sells 3 Million IPads in Debut Fueling Optimism

Apple Inc. said it sold 3 million units of its iPad mini and fourth-generation iPad during the debut weekend, a sign that the new devices can help the company withstand accelerating competition in the tablet market.
Read more: Bloomberg news

Netflix Adopts Poison Pill to Stop Icahn From Buying More

Netflix Inc., the world’s largest subscription video service, adopted a so-called poison pill to protect against a hostile takeover after billionaire investor Carl Icahn acquired an almost 10 percent stake in the company.
Read more: Bloomberg news

Storm Threatens Sandy-Devastated Northeast With Cold Rain

A nor’easter may bring gusty winds, heavy rain and even snow this week across much of the U.S. East Coast that was hit by Hurricane Sandy last week, complicating cleanup efforts and possibly snarling air traffic.
Read more: Bloomberg news

Romney Threatens Pimco’s Gross With Bernanke-Dumping Plan

Mitt Romney’s pledge to dump Federal Reserve Chairman Ben S. Bernanke is threatening Bill Gross with losses on his Mexican bonds.
Read more: Bloomberg news

Europe, Asia Call for Open Markets to Boost Trade, Growth

European and Asian leaders called for unfettered commerce and warned against protectionism as the debt crisis threatens to undermine trade ties between the world’s fastest and slowest-growing regions.
Read more: Bloomberg news

Sharp Is Seen Seeking Bailout After Record Loss Forecast

Sharp Corp. may turn to the last resort of Japanese companies facing potential bankruptcy -- the government.
Read more: Bloomberg news

European Stocks Fall as Euro Weakens on Greek Outlook

European stocks dropped and the euro traded at an almost two-month low on concern that Greece will struggle to win a bailout and as Americans prepared to vote in presidential elections. German note yields declined below zero.
Read more: Bloomberg news

G-20 Tells U.S. to Avoid Fiscal Cliff as Focus Widens

Global finance chiefs pressed the U.S. to avoid harming the fragile world economy with excessive austerity, widening their focus on fiscal challenges beyond concerns over Europe’s debt woes.
Read more: Bloomberg news

Obama Joins Romney in Hunt for Slimmest Electoral Edge

President Barack Obama and Republican Mitt Romney crisscrossed the election battleground states hunting for a path to 270 electoral votes on the final weekend of their campaigns.
Read more: Bloomberg news