Austria’s central bank said Hypo Alpe-Adria-Bank International AG will likely avoid a 16 billion- euro ($21 billion) insolvency as policy makers negotiate with the European Commission over the nationalized lender.
Companies from Philip Morris International Inc. to Colgate-Palmolive Co. are finding that overseas expansion has its drawbacks as a stronger dollar makes it more expensive to repatriate profits from abroad.
AstraZeneca Plc, the U.K.’s second- biggest drugmaker, said it may appeal a U.S. court ruling that invalidated a patent on its Pulmicort Respules asthma treatment and cleared the way for generic competition.
Europeans are the world’s biggest smokers and drinkers, according to a World Health Organization report that says higher prices on cigarettes and alcohol in the region may help curb the death and disease they cause.
In the spring of 1992, at the beginning of the siege of Sarajevo, an exchange between General Ratko Mladic and a Serb artillery colonel commanding positions above the city was intercepted and recorded. "Fire on Velesici and Pofalici," General Mladic ordered, referring to two Sarajevo neighborhoods. "There aren’t many Serbs there." A certain glee in his voice is audible as he refines his order: "Don’t let them sleep. Make them lose their minds."
Bosnia and Herzegovina’s long-term foreign-currency sovereign-credit ratings were cut to B from B+ by Standard & Poor’s Ratings Services, which cited political disputes that are preventing the formation of a government.
Facebook Inc.’s security team helped name people around the globe suspected of being involved in Internet crime rings that stole identities and defrauded victims of more than $850 million, the FBI said.
The Palestinian Authority will push ahead with its bid to get United Nations statehood recognition though it won’t press for an immediate vote as support in the Security Council appeared to be below the needed threshold.