German Chancellor Angela Merkel’s choice of coalition partner will play a key role in deciding how far the foreign-exchange market is burdened by a proposed financial-transactions tax in 11 European Union states.
While thousands of American soldiers won’t go to Egypt next month for military exercises, President Barack Obama left intact the centerpiece of U.S.-Egypt military cooperation -- $1.3 billion a year in military aid.
Stemcor Holdings Ltd. is asking lenders for more time to repay a $850 million loan as adviser Goldman Sachs Group Inc. prepares to market the company’s Indian assets for sale, according to two people with knowledge of the matter.
The whistle-blower helping the U.S. government mount a $1 billion fraud lawsuit against Bank of America Corp. was himself accused of fraud by an investor in a financing company he co-founded, and now works at Fannie Mae, one of two entities he claims the bank defrauded.
Entergy Corp. , the second-largest owner of U.S. nuclear reactors, may sell its Vermont Yankee reactor after Vermont voters elected a governor who has opposed extending the plant’s operating life beyond 2012.