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Ireland’s finance minister said Sunday that he would back a move to ask the international community for tens of billions of euros in loans and guarantees to keep his country’s crisis-hit finances afloat.
Brian Lenihan said that the country was running a deficit of 19 billion euros which it could not afford to finance at current […]

Britain had a larger budget deficit in October than economists forecast, underlining the challenge facing Prime Minister David Cameron as he tries to cut record levels of borrowing.
The shortfall was 9.8 billion pounds ($15.6 billion), the largest for any October since at least 1993 and up from 9.4 billion pounds a year earlier, the […]

Emirates airline is once again flying the double-decker Airbus A380 to New York after more than a yearlong hiatus.
The Dubai-based carrier relaunched service Monday with an 8:30 a.m. flight from the Persian Gulf city-state.
Emirates was the first airline to regularly fly the superjumbo to the U.S. in 2008. It halted service less than a year […]

The United Way of Central New Mexico’s Women in Philanthropy group has awarded $82,000 to five nonprofits to enhance women’s self-sufficiency.
Southwest Creations Collaborative will receive $30,000. The nonprofit employs low-income, mostly Spanish-speaking women who do sewing, piece-work and light manufacturing and who can access classes on-site to learn English and computer skills, complete their GED […]

One of Central Ohio’s largest technology companies will have a new owner.
IBM Corp. has agreed to acquire Columbus-based Sterling Commerce Inc. in a $1.4 billion deal, the technology giant disclosed Monday.
Columbus Business First reported earlier this month that Armonk, N.Y.-based IBM was a likely suitor to buy Sterling from Dallas-based AT&T Inc. Sterling Commerce is […]

Satellite fleet operator Intelsat Corp. sucessfully beat back a protest from three Northern Virginia companies alleging anti-competitive behavior by an Intelsat subsidiary on a five-year, $543 million U.S. Navy satellite services contract.
Intelsat, whose global headquarters is in Luxembourg with a main office in the District, said the Commercial Broadband Satellite Program (CBSP) contract with the […]

Under fire to do more to stop the foreclosure crisis, the Obama administration will announce Friday new steps to help the unemployed and those who are "underwater" with a bigger mortgage than their home is worth.
For some unemployed borrowers, the effort would require servicers to reduce or suspend monthly mortgage payments for up […]

Internet fraud cases surged by 22% in 2009, and financial losses doubled compared to the year before as scammers took advantage of Americans rendered desperate by the recession.
The Federal Bureau of Investigation’s Internet Crime Complaint Center said it received 336,655 complaints in 2009 with losses totaling $559.7 million. This is a substantial increase from […]

White House adviser Paul Volcker said it’s too soon for U.S. policy makers to withdraw the stimulus measures and interest-rate cuts used to fight the worst slump since the Great Depression.
“This is not the time to take aggressive tightening action, either fiscally or monetary-wise,” said Volcker in an interview in Berlin yesterday, pointing […]

Forty-two students from the Thunderbird School of Global Management were in Chile Saturday during the 8.8 magnitude earthquake that rocked the South American country.
The Glendale graduate business school said the students as well as a professor and staff member survived the quake without injury.
The students, in the capital city of Santiago for a one-week class, […]