Playboy Enterprises Inc said on Monday it received an offer from founder Hugh Hefner to take the company private in a deal which values the company at around $185 million. Hefner has
Britain's record recession was even deeper than previously thought, and the economy could still have contracted in the first quarter of this year were it not for hefty government spending, official data
Social networking website Facebook has agreed to adopt a panic button aimed at improving the online safety of its younger users, a child protection group said on Monday. The launch of button,
Greece's largest lender National Bank said on Monday it was not looking to sell stakes in subsidiaries or raise its share capital, dismissing press reports. "National Bank … is informing the investment
President of the Greek Parliament, Phillipos Petsalnikos, begins today a series of meetings in the framework of his official visit to Cyprus. The Greek official will hold in the morning a meeting
Asian stocks rose on Monday as investors counted on the start of the U.S. earnings season this week to show firms were reaping strong profits and that the world's economic recovery was
The trade deficit widened in the first four months of the year, rising to EUR 1,680.7 mln in January-April 2010 compared with EUR 1,526.1 mln in the corresponding period of 2009. Total
Tourism arrivals rose for the second straight month in June, giving hope that the worst of the downturn in the tourism sector might be over. According to the passengers’ survey carried out
High borrowing costs forced Greece to scrap plans to auction one-year paper next week to roll over maturities but the overborrowed country will go ahead and sell six-month T-bills, its debt agency
European Central Bank President Jean-Claude Trichet dismissed warnings that drastic and simultaneous spending cuts planned by euro zone governments could send the 16-country bloc back into recession. U.S. policymakers have called for
