Consumer confidence plunges in December

(Phys.org)—Confidence plunged in December as consumers confronted the rising likelihood that political gridlock would push the country over the fiscal cliff.

Italian probe alleges Google underpaid tax

A probe by Italian tax authorities into US Internet giant Google's Italian arm has found it failed to declare income of 240 million euros ($310 million) and pay value added tax of 96 million euros.

Britain delays emissions cut decision to 2016

The British government's long-awaited legislation to secure investment in low-carbon energy will not include a target to cut emissions by 2030, according to details released on Friday.

At Helsinki's Slush, start-ups 'speed date' for financing

It's 10:00 am at Helsinki's Cable Factory and for Yan Shtefanets, a 23-year-old Russian student, the clock is ticking: he has two minutes to pitch his start-up to investors to secure much-needed financing.

Executive pay limits narrowed scope of TARP banking rescue

A study of 263 publicly traded banks approved for the Troubled Asset Relief Program finds that 35 banks may have rejected TARP dollars because of limits the program imposed on CEO pay, researchers report in the Journal of ...

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