World News Center
Chevron to shed 2,000 jobs, sell some assets (AP)
March 9, 2010
AP - Chevron Corp. said Tuesday it will cut 2,000 jobs this year and sell some overseas operations as it revamps its struggling refinery, marketing and transportation operations.
Stock investors ask: What's the next big thing? (AP)
March 9, 2010
AP - A year after the stock market began its comeback from 12-year lows, investors are looking for the next big thing.
IRS eases rules on tax settlements (AP)
March 9, 2010AP - As tax day approaches, the Internal Revenue Service is giving agents more flexibility to work with taxpayers who have seen their incomes drop during the recession.
EU urges US to join in action against speculators (AP)
March 9, 2010AP - European officials urged the U.S. to join in a crackdown on speculators who bet against Europe's currency union, warning they might ban some credit default swaps — opaque financial instruments blamed for worsening the world financial crisis.
FTSE 100 climbs at the open (AFP)
March 9, 2010
AFP - Leading shares climbed at the start of trade on Monday following strong gains in Asia.
China says committed to U.S. debt, wary on gold (Reuters)
March 9, 2010Reuters - China, the world's biggest holder of foreign exchange reserves, renewed its commitment to the U.S. Treasury market on Tuesday but said it would be wary of substantially boosting its gold holdings.
Neiman Marcus moves to profit in Q2 (AP)
March 9, 2010AP - Luxury department store chain Neiman Marcus Inc. reported Tuesday that it moved to a profit in its second quarter in comparison with a prior year heavy with charges.
Euro wobbles on eurozone finance jitters (AFP)
March 9, 2010
AFP - The euro lost ground against the dollar Tuesday on revived concern for the financial fate of Greece and other eurozone members and resistance to a planned IMF-style European Monetary Fund.
Greek PM to meet Obama amid finance crisis (AFP)
March 9, 2010
AFP - Greek Prime Minister George Papandreou Tuesday enters talks with President Barack Obama seeking not a handout but US action against speculators that he says are deepening his country's financial crisis.
Barclays looking for U.S. retail bank to buy: report (Reuters)
March 9, 2010Reuters - British bank Barclays Plc is looking to buy a retail bank in the United States to extend its presence after buying Lehman Brothers North American operations in 2008, the Wall Street Journal reported on Tuesday, citing people close to the matter.
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