Libyan oil could take years to come back

NEW YORK (CNNMoney) — If the Libyan rebels have successfully overthrown the country’s longtime dictator Moammar Gadhafi, as seems to be the case Monday, analysts say Libya’s prized “light oil” should begin trickling back on the market within a few months.But it could be years...

French economy stagnates in second quarter (Reuters)

Barclays’ economics department said the French figure could drag the euro zone result lower than a consensus forecast of 0.3 percent.Philippe Waechter, an economist at Natixis Asset Management, said France would need to generate growth of 0.5 percent in both the third and fourth quarters to reach its...

Europe Considers Ban on Short-Selling

A European market regulator announced Thursday night that short-selling of stocks in several countries would be temporarily banned in an effort to stop the tailspin in the markets. The European Securities and Markets Authority, a body that coordinates the European Unions market policies, said in a statement...

London Bridge is burning down

The riots are not only taking a toll on London’s police, the canine unit has taken a hit as dogs and their handlers have been attacked with “bricks, bottles, wood and other missiles,” according to a statement from the Metropolitan Police.On Tuesday, London police — popularly known as...

In Apple win, Samsung Galaxy Tab blocked in EU

Apple and Samsung Electronics’ legal tussle has extended to Europe, where Apple scored a preliminary injunction banning the Galaxy Tab 10.1 from nearly all European Union nations. “This decision by the court in Germany in no way influences other legal proceedings filed with the courts in Europe...

As Market Tension Builds, World Leaders Ponder Response

FRANKFURT – The European Central Bank signaled on Sunday that it would intervene more aggressively in bond markets to protect Spain and Italy, and leading finance ministers conferred about the mounting threats to the worlds economies, as policy makers sought to calm markets unnerved by deteriorating...