Personal Economics
  • Spain takes over Bankia to fight crisis

    Spain takes over Bankia to fight crisis

    By Carlos Ruano and Jesús Aguado, Reuters

    MADRID (Reuters) - Spain took over Bankia, the country's fourth biggest lender, on Wednesday, trying to dispel concerns over the government's ability to clean up the financial sector four years after...

  • Cisco outlook underwhelms, economy fears persist

    Cisco outlook underwhelms, economy fears persist

    By Nicola Leske, Reuters

    (Reuters) - Cisco Systems Inc forecast quarterly earnings below Wall Street's expectations, accentuating concerns about global technology spending and the network equipment maker's ability to weather...

  • Probe finds collusion between India's drug regulator, pharma firms

    By Ross Colvin and Kaustubh Kulkarni, Reuters

    NEW DELHI/MUMBAI (Reuters) - Officials of India's drug regulator have been colluding with pharmaceutical firms to speed up approval procedures, allowing some drugs that are not permitted in other...

  • Banks Accused of Racial Bias on Foreclosed Homes

    By Steve Yoder, The Fiscal Times

    A new report charges that once banks take possession of a foreclosed property, they do a far better job of maintaining and marketing homes in white neighborhoods than they do in minority...

  • The Real Reasons People Drop Out of the Workforce

    By Merrill Goozner, The Fiscal Times

    Unemployment would be significantly higher than the 8.1 percent rate reported for April if discouraged workers were also counted among the jobless.