Marketplace®

Daily business news and economic stories
  • The electronics company will be losing about 6 percent of its workforce. It's the first major move by Sony's new CEO.

  • While the U.S. continues to see optimistic job gains, the situation in Europe is not looking so hopeful. The worst affected group by far are the young.

  • Government borrowing costs reach a five month high in Spain, having many worried that the country will soon take the biggest problem in Europe crown from Greece.

  • Chinese Premier Wen Jiabao accompanies Italian Prime Minister Mario Monti to view an honor guard during a welcoming ceremony at the Great Hall of the People on March 31, 2012 in Beijing, China.
    Feng Li-Pool/Getty Images

    A top Chinese official called for the country to crack down on its bank monopoly. Small businesses have had trouble getting loans and that's putting a damper on China's growth.

  • Tanker drivers depart Grangemouth oil refinery on March 29, 2012 in Grangemouth, Scotland. An oil rig off the coast of Scotland has been leaking oil into the North Sea for five days.
    Jeff J Mitchell/Getty Images

    An oil rig off the coast of Scotland has been leaking oil into the North Sea for five days. The rig is owned by French gas company Total, and is costing millions a day in lost revenue and attempted repairs.

  • The experts have so far had a hard time figuring out what to do if a country like Greece decides to leave the euro, so one British businessman set up a contest in search of ideas.

  • Spain has the highest unemployment rate in the European Union and the government is hoping changes to labor laws will kick-start the economy.

  • Leaders of Brazil, Russia, India, China and South Africa are meeting today in New Delhi to work on an economic strategy apart from the developed world.

  • Yesterday the Organization for Economic Cooperation and Development in Paris said the European Union would need to increase the amount of money in its bailout fund to more than a trillion dollars.

  • The Catholic church in Spain is trying to draw more members to its ranks by promising a "job for life," but that is problematic for a number of reasons.