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Royal Bank of Scotland losses widen on writedowns
LONDON (AP) -- U.K. lender Royal Bank of Scotland saw its loss in 2011 swell by 78 percent as it booked large provisions for Greek debt and compensation for customers missold payment protection insurance.... 02/23/2012 07:35:42am

To close tax loopholes, Obama would open new ones
WASHINGTON (AP) -- Cutting corporate tax rates and deleting loopholes is just what most economists prescribe for the tangled U.S. tax code.... 02/23/2012 07:29:09am

EU expects eurozone to suffer mild recession
BRUSSELS (AP) -- The 17-nation eurozone economy will suffer a modest recession this year despite recent signs of stabilization, particularly in financial markets, the European Union's executive branch said Thursday.... 02/23/2012 07:26:14am

Commerzbank profit up, but Greece losses continue
FRANKFURT, Germany (AP) -- Cost cuts and fewer bad loans helped Germany's Commerzbank AG improve fourth-quarter profits by 23 percent to euro316 million ($418 million), at the end of a year that saw its finances battered by the eurozone debt crisis and heavy losses on Greek bonds.... 02/23/2012 07:24:46am

EU committee makes no decision on 'oil sands'
BRUSSELS (AP) -- An EU committee has failed to decide on a proposal to label so-called oil sands as worse for climate change than average crude oil.... 02/23/2012 07:20:23am

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