BERLIN/PARIS (Reuters) - When Jean-Claude Trichet called last June for the creation of a European finance ministry with power over national budgets, the idea seemed fanciful, a distant dream that would take years or even decades to realize, if it ever came to be.
(Reuters) - The bond markets are treating Morgan Stanley like a junk-rated company, and the investment bank's higher borrowing costs could already be putting it at a disadvantage even before an expected ratings downgrade this month.
FAYETTEVILLE, Arkansas (Reuters) - Wal-Mart Stores Inc executives told shareholders they would not stand for unethical behavior at the world's largest retailer, whose shares have soared to 12-year highs as strong results more than offset concerns about bribery allegations.