Output falling, Euro zone heads for recession

Tweet BRUSSELS (Reuters) – Output at factories in the euro zone unexpectedly fell in March, the latest in a series of disappointing numbers signaling that the bloc’s recession may not be as mild as policymakers hope. See original here: Output falling, Euro zone heads for recession  Read More →

Revolving door: Yahoo ushers out another CEO

Tweet SAN FRANCISCO (AP) — Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received…. See the article here: Revolving door: Yahoo ushers out another CEO  Read More →

Analysis: Over-complex Europe keeps making same mistakes

Tweet PARIS (Reuters) – Americans call it a Rube Goldberg machine, Britons a Heath Robinson contraption and the Danes a Storm P machine. See the article here: Analysis: Over-complex Europe keeps making same mistakes  Read More →

Far behind rivals, Ford tries to play catch-up in China

Tweet CHONGQING, China (Reuters) – Frank Chuang proudly surveys his immaculate new car plant as partly assembled versions of the Ford Focus travel down the production line. Visit link: Far behind rivals, Ford tries to play catch-up in China  Read More →

Climbers try to reach jet’s black box in Indonesia

Tweet JAKARTA, Indonesia (AP) — Indonesian special forces traversed the sheer slope of a volcano Monday after spotting what they believe is the flight recorder of a new Russian-made passenger jet that crashed during a demonstration flight for potential buyers…. Link: Climbers try to reach jet’s black box in Indonesia  Read More →

JPMorgan executives may quit over loss: sources

Tweet (Reuters) – Three executives involved with the failed hedging strategy that has left JPMorgan Chase & Co with a $2 billion trading loss and a tarnished reputation are expected to leave the bank this week, sources close to the matter said on Sunday. Read more: JPMorgan executives may quit over loss: sources  Read More →

Spain short-term debt costs to stay high after bank plan

Tweet MADRID (Reuters) – Spain will pay high premiums to sell short-term debt on Monday, after the government’s latest attempt to fix the banking sector failed to allay concerns about the burden of the clean-up on the country’s finances. More: Spain short-term debt costs to stay high after bank plan  Read More →

Yahoo sweeps out CEO tainted by inaccurate bio

Tweet NEW YORK (AP) — Yahoo swept out Scott Thompson as CEO Sunday in an effort to clean up a mess created by a misleading resume that destroyed his credibility as he set out to turn around the long-troubled Internet company…. Here is the original post: Yahoo sweeps out CEO tainted by inaccurate bio  Read More →

Towers Watson & Co to buy largest private Medicare exchange

Tweet (Reuters) – Towers Watson & Co , a New York-headquartered professional services company, said on Sunday it would buy Extend Health Inc, operator of the largest private Medicare exchange in the United States, to boost its health benefits offering for employers. The rest is here: Towers Watson & Co to buy largest private Medicare... 

JPMorgan exec expected to resign, AP source says

Tweet NEW YORK (AP) — JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday…. Read more from the original source: JPMorgan exec expected to resign, AP source says  Read More →