Looking on the bright side can lead to irresponsible financial behavior, reveals a paper from the June 2008 issue of the Journal of Consumer Research. In a series of studies, Elizabeth Cowley (University of Sydney) examines repeat gambling in the face of loss.

The health of Australia's financial system is being watched carefully in New Zealand as the global credit crisis continues to bite.

Former Czech Deputy Premier Martin Jahn will become CEO of Volkswagen in Russia, Skoda Auto AS said Thursday.