Greece, facing doubts from European officials about its commitment to reduce deficits, will take years to emerge from its debt crisis, JPMorgan Chase International Chairman Jacob Frenkel said.

Alcatel-Lucent, France’s largest telecommunications-equipment supplier, rose the most in a year in Paris after forecasting higher profit margins and announcing a plan to boost cash from its trove of 29,000 patents.

Colombia’s central bank unexpectedly raised borrowing costs after the economy expanded at the fastest pace since 2006, defying President Juan Manuel Santos who said an increase wouldn’t be appropriate.

Federal Reserve Chairman Ben S. Bernanke said the central bank’s efforts to spur economic growth are being blunted by impediments to mortgage lending, and he called for further steps to heal the housing market.

The Federal Reserve secretly selected a handful of banks to bid for debt securities acquired by taxpayers in the U.S. bailout of American International Group Inc., and the rest of Wall Street is wondering what happened to the transparency the central bank said it was committed to upholding.

Ready your acid wash jeans and Aqua Net your teased-up mane -- Guns N’ Roses are at Roseland Ballroom on Friday night.

Tokyo’s “Dinosaur Bridge” opens to vehicles this weekend after 10 years of construction as the world’s largest metropolis tackles traffic jams that slow vehicles to half of Japan’s average highway speed.

Whitman Capital LLC’s president was accused of taking part in an insider-trading scheme using tips on Google Inc. and Polycom Inc., some provided by a co- conspirator in the Raj Rajaratnam case.

Procter & Gamble Co. has decided it will seek to terminate its sale of the Pringles snack business to Diamond Foods Inc., said three people with knowledge of the situation, following the accounting probe that ousted Diamond’s chief executive officer.

Spanish smokers, squeezed by higher taxes and a deepening recession, are increasingly relying on smugglers to feed their habit.

As Spain enters its second recession in as many years, Apple Inc. is flourishing.

Alcatel-Lucent, France’s largest telecommunications-equipment supplier, plans to eliminate as many as 1,800 positions in Europe through firings and relocation, a top union official said.

Alcatel-Lucent, the latest technology company to announce plans to make money from its patents, may generate several hundred million euros this year alone from its trove of 29,000 rights, Chief Financial Officer Paul Tufano said in an interview today.

A leader of Greece’s governing coalition pushed back against German demands for deeper budget cuts to get the bailout needed to prevent a financial collapse.

Greece’s bailout was at risk of unraveling as a governing coalition party pushed back against German demands for deeper budget cuts needed to prevent financial collapse.

As short sellers push bearish wagers against RadioShack Corp. to a four-year high, options traders are increasing bets that the cheapest U.S. specialty retailer will become a takeover target.

New European Union sanctions on Iran’s largest ports operator will curb billions of euros in otherwise legal trade, if EU authorities police those seeking ways around the rules, according to trade lawyers, shipping and insurance executives and EU officials.

Bank of America Corp., the second- largest U.S. lender by assets, was told to turn over documents to Massachusetts’ top securities regulator related to the company’s involvement in collateralized loan obligations.

Republican presidential candidate Mitt Romney is preparing to release a more detailed plan to overhaul the tax code soon, said a person who attended a policy roundtable event with Romney in Washington yesterday.

Newt Gingrich was just days away from the Jan. 31 Florida Republican presidential primary when he told reporters that his campaign was down to its last $600,000.