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The dome of the Capitol is reflected in a puddle in Washington February 17, 2012.REUTERS/Kevin Lamarque

Another debt ceiling debacle could sink the economy

Last year's Congressional debt standoff hurt consumer confidence more than the collapse of Lehman Brothers, Betsey Johnson and Justin Wolfers write. This time could be worse.  Read more at Counterparties  

Wall Street rises on Greek bets, Facebook falls 10 percent

NEW YORK - Stocks rose on Tuesday as signs Greece would stay in the euro zone were enough to spark buying in what has been a weak month for equities, while Facebook plumbed new lows on high volume.

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Specialist banks cherry pick from lay-offs

LONDON - Small investment banks and brokerages in Europe are making the most of a hiring shutdown and cuts at bigger rivals, cherry picking staff frustrated by new pay rules and uncertainty over strategy.

» More Small Business News

China denounces EU airline carbon law, seeks talks

BEIJING/HONG KONG - China reiterated its opposition on Thursday to a European Union plan to limit airline carbon dioxide emissions and called for talks to resolve the issue a day after its major airlines refused to pay any carbon costs under the new law.

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D.Telekom to buy SunCom Wireless for $1.6 bln

FRANKFURT | Mon Sep 17, 2007 1:57am EDT

FRANKFURT (Reuters) - Deutsche Telekom (DTEGn.DE) said on Monday its mobile phone division T-Mobile USA had agreed to buy SunCom Wireless for about $1.6 billion.

Deutsche Telekom said in a statement it saw synergies from the transaction of about $1 billion and that it will also take on SunCom debt obligations of almost $800 million.

The deal is expected to close in the first half of 2008.
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