Profit over Principle?
The world's top chemicals company BASF expects the Ukraine crisis to deescalate, easing its bottom line. The German firm has turned a healthy profit thanks to big business in Russia, but worries about sanctions. We ask BASF Chief Executiove Office Kurt Bock about profit and principle.
General Motors earnings tumble
For the last quarter, GM posted earnings 84 percent less than the same period last year. Sales were still strong but the company took more than a billion dollars in charges to compensate victims of its current wave of recalls and for future recalls in the next decade.
Bulgarian government steps down
In a worrying sign that the European banking crisis is far from over - financial uncertainity has claimed a new victim: Bulgaria. The embattled government in Sofia has quit, after protestors rose up against politicians' handling of the economy. The nation joined the European Union back in 2007, but Bulgarians have little to show for it.