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Criminal charges against Chevron Corp and some of its local managers will be filed by a Brazilian prosecutor within weeks, adding the threat of prison sentences to an $11 billion civil lawsuit as punishment for a November offshore oil spill. The filing in federal court in Campos, Brazil, will likel…

Many people have different versions of what all they all learned from Steve Jobs, the man behind the success of Apple Inc and its former CEO, who is now resting in the heaven. Well there are many things that Jobs told the world, including: Analysts, journalists, gurus, and consultants cannot “…

A higher-than-expected quarterly profit on solid growth in its online marketplaces and an increase in transactions processed through its PayPal electronic payments business was reported by EBay Inc. The shares of the e-commerce company were up nearly 2 percent in after-hours trading, even tho…

The largest bank of the eurozone, Spanish lender Santander, reached a requirement for 9 percent core capital by raising 15.3 billion euros ($19.5 billion), six months ahead of a deadline set by the European Banking Authority (EBA). On Monday, Santander also reiterated its goal of increasing its c…

Data showed on Wednesday that eurozone inflation slowed in December as expected underlining market expectations that price growth will decelerate further in the first months of 2012 and create room for more interest rate cuts for assisting the weakening economy. Consumer prices in the 17 countr…

Capping a late-year upswing, manufacturing grew at its fastest pace in six months in December but a European slump and rising oil prices posed threats to the U.S. economy in 2012. The Institute for Supply Management’s index of national factory activity hit its highest level since June and ca…