France Pressures Berlin for Stimulus Plan French ministers urged Germany to put in place a three-year, €50 billion stimulus program, deepening the confrontation over economic policy between Paris and Berlin.
Italian Minister Urges Patience on Economic Measures Italy’s Economy Minister Pier Carlo Padoan rebuffed criticism that the country is moving too slowly in liberalizing its economy, stressing that a mix of economic overhauls and budget measures recently unveiled by Rome could help boost growth by 2015.
Fed to Banks: Shape Up or Risk Breakup Federal Reserve officials told bank executives they must do more to curb excessive risk-taking and improve behavior at their firms or face stiff repercussions, including being broken into smaller pieces.
Australian Central Bank Eyes Home Loans Australia’s central bank stressed the importance of maintaining rigorous standards on loans to property investors, reflecting its rising concern that speculators are dominating the housing market.
Despite Uncertainty, Fed Holds Steady The Fed is likely to end its bond-buying program this month even as market volatility and uncertainties about the global economy have rattled investors and led to some mixed messages from central-bank officials.
China Growth Seen Slowing Sharply China’s growth will slow sharply during the coming decade to 3.9% as its productivity nose dives and the country’s leaders fail to push through tough measures to remake the economy, according to a report by the business-research group the Conference Board.
US Business News
IPhone 6 Recharges Apple's Growth Apple said its quarterly profit rose 13%, and it predicted record holiday sales, as strong demand for its new larger-screen iPhones helped to overcome sluggish iPad sales.
IBM Woes Point to a Fresh Overhaul IBM, two decades after successfully shifting its emphasis to software and computer services from hardware, is showing signs of needing another overhaul.
Amazon, Simon & Schuster Reach Book Contract Amazon and CBS Corp.’s Simon & Schuster have reached a new multiyear print and digital contract, a pact that comes as the online retailer continues difficult negotiations with Hachette Book Group.
AbbVie, Shire Terminate Deal AbbVie and Shire terminated their $54 billion deal, killing the year’s biggest agreed-upon merger amid a U.S. government push against so-called inversion deals.
Andreessen to Leave eBay Board Marc Andreessen is stepping down from eBay’s board. The venture capitalist’s various board seats had been criticized by eBay investor Carl Icahn.
UPS Plans 4.9% Average Price Increase UPS is planning to increase freight rates by an average of 4.9% a package after the holiday season, in the U.S., Canada and Puerto Rico, the company said Monday.
Texas Instruments Forecast Tops Views Texas Instruments Inc. projected fourth-quarter profit that topped Wall Street’s estimates as the chipmaker also reported that its third-quarter earnings rose 31% thanks to stronger sales and margins.
Adidas CEO Faced With Choice on Reebok Adidas CEO Herbert Hainer needs to decide if it’s better to welcome an unsolicited bid for the Reebok unit and cash out now on a nascent recovery in the brand or double down on a more pronounced rebound.
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