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Despite millions of Americans still facing significant problems with unemployment and debt, experts expect spending to increase this holiday season compared to last year. Holiday spending increased 4.1% from 2010 to 2011, but consumers should be careful not get caught up in the hype and start the new year saddled with debt. To keep holiday costs down, consumers need to create holiday budget strategies that help them save – and they should start with Black Friday and Cyber Monday. These massive spending days offer consumers valuable savings on holiday gifts and other purchases, but it’s easy to fall into the […]

BRUSSELS – Euro zone finance ministers are unlikely to take a final decision to release the next tranche of emergency loans to Athens at a meeting on Monday as there is no clarity yet how to make Greece’s huge public debt sustainable, a senior EU official said. “Is there an expectation of a final decision on Monday? There is a very, very high degree of probability of a second round of discussions to finalize everything,” the official said on Friday. The official said euro zone ministers were aware that Greece needed money to redeem several billion euros worth of treasury […]

NICOSIA Cyprus planned to contact international lenders on Monday evening to invite them to the island for final talks on a comprehensive aid package for the Greece-exposed island, officials said. While it was unclear when lenders from the European Central Bank, the International Monetary Fund and the European Commission would arrive in Cyprus, authorities have said they want a deal with lenders by the Eurogroup meeting on November 12. (Reporting By Michele Kambas; editing by Ron Askew)

ATHENS Greece and the troika of its international lenders will not reach a deal on austerity measures, part of the country’s bailout, before a meeting of euro zone finance ministers on Monday, a Greek official said on Saturday. “We do not expect to have agreed on something before the eurogroup meeting,” a senior finance ministry official who declined to be named told Reuters. (Reporting by Renee Maltezou; Editing by Mark Heinrich)

Nigerians have taken to the streets to demand the return of fuel subsidies in Africa’s most populous nation NEW: Oil labor unions will not shut down crude output as planned, union sources say The national strike started last week in response to a government move…

Nigeria’s government and labor unions failed Saturday night to end a paralyzing nationwide strike over high gasoline costs, potentially sparking an oil production shutdown in a nation vital to U.S. oil supplies. It was not immediately clear early Sunday whether …

Hours before kicking off earnings season, Alcoa (AA) said on Monday it plans to scale down operations at three aluminum smelters in Italy and Spain to tighten expenses as metal prices continue to fall. The curtailment will reduce the company’s global smelting capacity by 12…

Oil prices rose to near $102 a barrel Tuesday in Asia amid growing investor optimism the U.S. economy is improving, which would boost crude demand. Benchmark crude for February delivery rose 49 cents to $101.80 a barrel at midday Singapore…

President of the Swiss National Bank Philipp Hildebrand during a press conference in Zurich on January 5, 2012. Philipp Hildebrand has resigned as chairman of the Swiss National Bank Hildebrand had come under pressure following a scandal …

Juniper Networks (JNPR) warned on Monday it expects to post fourth-quarter earnings below Wall Street’s expectations as the telecom equipment maker suffers from weaker-than-expected router demand from U.S. service providers. The gloomy news from…

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