While acknowledging that the “state of American business is improving,” one of the nation’s chief business spokesmen said a variety of economic challenges face the United States and called for the Obama administration and the Congress to form a “governing center” to solve problems....More
The sharp slowdown in inflation in Europe's biggest economy could fuel fears that prices across the entire eurozone could begin falling and tip the region into a sustained and widespread drop in prices that hampers economic activity....More
The site in Taranto in the Puglia region of southern Italy, which employs over 14,000 people, will be nationalized under a decree adopted by the cabinet, with the view to then putting it up for sale....More
There are several areas where President Obama and the GOP can work together to support American manufacturing and increase job growth. We know these policies work, and we also know they have widespread support from voters....More
In a deal with the Justice Department and the Securities and Exchange Commission, the company will pay $55 million and avoid criminal prosecution under the US Foreign Corrupt Practices Act by cooperating in the probe....More
The terrorist group Islamic State in the Levant (ISIL) is generating an income of $800 million annually from oil sales, according to IHS, a leading provider of energy information and analytics.
ISIL is able to generate more than $2 million a day despite the fact that the production facilities it controls are producing significantly less than before the war and the group is selling the oil at a steep discount on the black market. Much of the oil is processed in mobile refineries that can be loaded by truck....More