Money

German FinMin warns on Greek bailout deal

Thursday, Feb 9, 11:40 am
Hours after Greece made the unpopular decision to slash government spending in an attempt to ease its debt crisis, Germany's finance minister questioned whether the deal goes far enough to earn a crucial euro130 billion bailout. Read more...
FDA outlines path for lower-priced biotech drugs

Thursday, Feb 9, 11:40 am
The Food and Drug Administration is preparing to review the first lower-cost versions of biotech drugs, expensive medications which have never before faced generic competition. Read more...
Greek deal to cut spending does not end debt drama

Thursday, Feb 9, 11:40 am
More than two years after it came clean about its addiction to debt, Greece may finally have begun its long and painful road to recovery. Read more...
A look at the top candidates to succeed Ford's CEO

Thursday, Feb 9, 11:36 am
Here are the leading candidates to succeed Alan Mulally as Ford's CEO. Mulally, 66, says he has no plans to retire. But he acknowledges that the carmaker has a succession plan for every top management position. Read more...
Summary Box: Vodafone Q3 revenue flat

Thursday, Feb 9, 11:34 am
HOLD STEADY: Vodafone Group PLC, the world's largest mobile communications company, says revenue held steady in the final three months of 2011 as double-digit gains in India and Turkey were offset by slumps in Italy and Spain. Read more...
States, banks reach foreclosure-abuse settlement

Thursday, Feb 9, 11:26 am
U.S. states reached a landmark $25 billion deal Thursday with the nation's biggest mortgage lenders over foreclosure abuses that occurred after the housing bubble burst. Read more...
Summary Box: Tax changes send Diageo profit down

Thursday, Feb 9, 11:24 am
TAX NIP: A one-time tax hit sent profits at drinks company Diageo PLC's down 20 percent in the last six months of 2011, despite rising income following a strong performance in emerging markets. Read more...
Markets buoyed by news of Greek debt deal

Thursday, Feb 9, 11:12 am
Markets were shored up by the news that Greece's party leaders agreed a deal on new cuts that are necessary for the country to get crucial bailout funds. Read more...
Euro rises to 2-month high vs dollar on Greek deal

Thursday, Feb 9, 10:37 am
The euro jumped to a 2-month high against the dollar Thursday after Greek leaders agreed on a cost-cutting plan that should prevent the country from defaulting on its debt. Read more...
Understanding Greece's Austerity Deal

Thursday, Feb 9, 10:36 am
Greece's political leaders on Thursday agreed to steep government cutbacks and economic reforms to qualify for a euro130 billion ($170 billion) bailout from other countries in Europe and around the world. Read more...
Natural gas price up on production cuts

Thursday, Feb 9, 10:34 am
The price of natural gas jumped Thursday after a major producer said it is aggressively cutting production. Read more...
Summary Box: Mercedes helps Daimler 4q profit rise

Thursday, Feb 9, 10:25 am
CHINA CONNECTION: Strong sales of Mercedes luxury cars in China and the U.S. helped German automaker Daimler AG post a stronger than expected 57 percent increase in fourth quarter profits. The company made net profit of euro1.78 billion ($2.36 billion), ahead of the average forecast compiled by FactSet of euro1.30 billion. Read more...
2 Key leaders in Ford's renaissance will retire

Thursday, Feb 9, 10:23 am
Two key leaders in Ford's remarkable turnaround are retiring. Read more...
IRS to business owners: Did you file your 1099s?

Thursday, Feb 9, 10:21 am
Business owners will find two new questions on their income tax forms this year: Read more...
South Africa plans big infrastructure campaign

Thursday, Feb 9, 10:01 am
South Africa's president announced ambitious infrastructure projects Thursday, laying out his plans for creating jobs and hope in nation harder hit than most in Africa by global recession. Read more...