Goldman owed $1 billion if CIT fails

Goldman Sachs Group Inc (GS.N) would be due a payment of about $1 billion if troubled commercial lender CIT Group (CIT.N) were to file for Chapter 11 bankruptcy, according to a source

Recovery concerns weigh on stocks, dollar

Asian stocks fell to a three-week low on Monday as soft U.S. jobs data heightened investor caution ahead of the third-quarter corporate results season, while speculation of an early interest rate hike

Olympics give faded Rio shot at rebirth

Rio de Janeiro's 2016 Olympics has raised the tantalizing prospect that Brazil's faded former capital, known for its beauty and high crime, will be rejuvenated into a modern, thriving city. Blessed with

UK retailers face another bleak Christmas

Many struggling British retailers are facing a worse Christmas than last year, when 15 major chains failed, according to insolvency specialist Begbies Traynor. The company said rising unemployment and fragile consumer confidence

AVG sales reach $100 mln

 — “Good guys” of IT security happy to stay in Cyprus — Have you seen that note at the bottom of emails we often ignore that says “this message has been checked