Finance & Economics | WPN World People News

German businesses are expecting a bright future and a stronger growth despite lingering shadows of the eurozone debt crisis, a survey showed.

NEW YORK Global athletic-shoe maker Nike is offloading the Umbro and Cole Haan brands after failing to chart profitable growth with the two acquisitions.

The US economy has grown at an annual rate of 1.9 per cent which is slightly weaker than expected in the first three quarters of 2012, according to official data.

U.S. Attorney William J. Hochul, Jr. announced today that Jorge Melendez, 41, and Jason Elardo, 42, both of Buffalo, New York, were arrested and charged by criminal complaint with conspiracy to manufacture more than 100 marijuana plants, maintaining a premises for manufacturing marijuana, and manufacturing more than 100 marijuana plants.

Oil and gas major ExxonMobil is considering the possibility of exporting natural gas from the US and Canada, CEO Rex Tillerson told company shareholders at a meeting Wednesday.

Britain's Supreme Court ruled Wednesday that WikiLeaks founder Julian Assange can be extradited to Sweden over alleged sex crimes.

A hedge fund boss who is accused of covering up losses of 250 million pounds ($390 million) has been fined a record 3 million pounds and banned from working in finance by the City regulator Financial Services Authority.

RIT Capital Partners, owned by Europe's banking clan the Rothschilds, has entered into a strategic alliance with Rockefeller Co., creating one of the biggest collaborations among investment trusts while providing Lord Rothschild's London-listed trust a much sought-after foothold in the US.

Booming Chinese demand for Jaguar Land Rover (JLR) helped Indian company Tata Motors post record high sales, increasing pre-tax profits by a third to 1.5 billion pounds, up from 1.12billion pounds in the previous year.

Tour operator Thomas Cook has received shareholder backing to sell and take back on lease part of its aircraft fleet and dispose off five of its Spanish hotels, two key cost-saving measures that the struggling company warned were crucial for its survival.