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Latest news entries via source international herald tribune - world news, analysis, and global opinions
Taking a harder line might speed recovery of banking sector
A tough-love approach by governments for doubtful banks, and if necessary shutting them down and wiping out their shareholders, would make a lot of people angry but just might help the industry get back on its feet.-
Shares move lower on latest economic worries
Wall Street fell on profit warnings from Time Warner and Intel and job cuts at the aluminum producer Alcoa.
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Satyam chief resigns over inflated assets
The chairman of one of the leading Indian software companies said that an accounting problem going back several years resulted in Satyam Computer Services overstating its assets by $1.1 billion.
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Recent key events at Satyam
Ramalinga Raju, the chairman of Satyam Computer Services, decision to resign follows weeks of problems affecting its share price, including a ban from doing business with the World Bank.
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German jobless rate rises for first time in 3 years
The number of people out of work, adjusted for seasonal swings, rose 18,000 to 3.18 million last month.
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Atheists send their own message, on 800 buses
An ad campaign for atheism in London is aiming to counter religious ads, one bus billboard at a time. Next week, the campaign plans to place 1,000 advertisements in the subway system.
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Intel revises down its estimates
Intel shares slipped after it said its quarterly revenue was likely to come in at about $8.2 billion, down 23 percent from a year earlier.
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European stocks retreat amid fear on earnings
Traders speculated that deteriorating earnings would overshadow government efforts to revive the global economy.
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Guards plead not guilty in '07 killings in Baghdad
The five guards for Blackwater International pleaded not guilty in federal court to manslaughter in the case of the 2007 shootings in Baghdad that left at least 17 Iraqis dead.
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Obama weighs options as deficit is forecast at $1.2 trillion
With a $1.2 trillion budget deficit being projected, Barack Obama said changes in Social Security and Medicare will be needed to bring spending in line.
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