UBS Blames Facebook For Slumping Profit
The bank says it bought more Facebook shares than clients wanted, and blamed the mismanaged IPO for its second quarter performance.
Economics
Gas Prices Up Fourth Consecutive Week
It's summer and the government intervenes, after all
Mitt Romney: Vladimir Putin Turning Back Clock on Progress
Uses Poland as an example of benefits of freedom
Deutsche Bank Cuts Jobs
The moves comes as an attempt to makes savings amid profit loses and a worsening situation in the eurozone.
Euro-Area Unemployment Highest on Record
The 11.2 percent unemployment rate is the highest since 1995.
Greenland Thaw Could Prompt Mining Rush
Rare minerals could provide a boost to the local economy as China's reserves drop.
Congress Pushing For More Sanctions Against Iran
Negotiators from the House and Senate have approved additional sanctions that target shipping and energy.
US Pharmaceuticals Big in The Gray Market
A joint Congressional investigation has found that some US pharmacies use the "gray market" to increase profits by thousands of percent.
Moody's Cuts British Growth Forecasts
Move looks to put pressure on Cameron to change his "austerity" program.
Monti Praises Progress on the Euro, Says End is in Sight
The Italian Prime Minister is traveling to France, Finland, and Spain to further develop Europe's recovery plan.
Why London Is Yawning Over the Olympics
Have Western countries finally outgrown the sports socialism of the Olympic Games?
Government Did Not Build Your Business
Obama is wrong-entrepreneurs, not bureaucrats, created "this unbelievable American system."
How the 2012 Olympics Are a Triumph of Capitalism
Corporate money, freely spent, can benefit both athletes and spectators.
To Escape Regulations and Taxes, People Hide in the Shadows
Economic freedom is the key to reducing shadow economics.
California Goes Bankrupt
One California city after another becomes insolvent as the state's economic crisis worsens.
