The European Central Bank kept interest rates unchanged as stronger inflation and economic output reduced the need for officials to take action. The Governing Council left the main refinancing rate at a record low of 0.25 percent at its meeting in Frankfurt today. The decision was forecast by 40 out […]
Author: InvestAdvocate
IBM China workers strike over terms in $2.3 billion Lenovo deal
More than 1,000 workers at an IBM factory in southern China have gone on strike against the terms of their transfer to Chinese PC maker Lenovo Group Ltd caused by the U.S. company’s $2.3 billion sale of its low-end server business. Several workers gather outside gate of the International Business […]
U.S. Seizes Largest Ever Embezzlement by Foreign Dictator
The Justice Department is moving to seize more than half a billion dollars of allegedly corrupt proceeds from former Nigerian dictator Sani Abacha and his associates, in what officials called the largest such action in U.S. history. In a court filing unsealed Wednesday in federal court in Washington, D.C., government […]
