World

Facebook plans to raise $10.6 billion in mega IPO

Facebook Inc aims to raise about $10.6 billion in Silicon Valley’s largest IPO, dwarfing the coming-out parties of tech companies like Google Inc and granting the world’s largest social network a market ...

Obama Jokes About Romney, Second Term

President Barack Obama unveiled his “secret agenda” for a second term last night, vowing to “win the war on Christmas” and replace the former ban on gays serving openly in the military with a ...

City Trader Who Spent £200,000 on Champagne Arrested by FSA

In March, 23-year-old UK Foreign Exchange trader Alex Hope made headlines for reportedly spending more than $320,000 on champagne at a Liverpool night club. Exactly one month later, he’s back in the news. ...

‘Aggravated Pimping’ Probe for Strauss-Kahn

French magistrates charged Dominique Strauss-Kahn with “aggravated pimping,” placing the former International Monetary Fund chief under preliminary investigation for his alleged involvement in a French prostitution ring, prosecutors said. The magistrates on ...

Why I Am Leaving Goldman Sachs

Greg Smith is resigning today as a Goldman Sachs executive director and head of the firm’s United States equity derivatives business in Europe, the Middle East and Africa. TODAY is my last ...

Former IMF Boss Detained For Involvement in Prostitution Ring

Dominique Strauss-Kahn, former Managing Director of the International Monetary Fund (IMF) and former leading candidate for the French presidency has been detained by French police over allegations he patronized prostitutes in Lille, ...

IMF Managing Director Lagarde talks with Greece's Prime Minister Papademos at the start of a Eurogroup meeting in Brussels

European Leaders Approve Bailout for Greece

European Finance Ministers reached an accord to provide € 130 billion in aid to Greece in order to ensure the country can continue, at least over the short-term, to meet its debt ...

Obama Budget Proposes Doubling Dividend Tax on Wealthy, Implementing Buffett Rule

President Barack Obama’s budget plan calls for taxing dividends received by high-income taxpayers as ordinary income, raising the top rate to 39.6 percent from 15 percent. The proposal, in the president’s fiscal 2013 ...

Greece’s parliament passes new austerity deal amid riots

Greek lawmakers on Monday approved harsh new austerity measures demanded by bailout creditors to save the debt-crippled nation from bankruptcy, after riots in Athens and other cities left stores looted and burned ...

Real Madrid, Barcelona Football’s Richest Clubs – Deloitte

Spain’s biggest soccer teams, Barcelona and Real Madrid, are beginning to leave their rivals behind in the sport’s money race. Real Madrid saw its revenues rise by just more than 9% to ...