Headline

  • US stocks under pressure after European elections
    Us_market 2012-05-07 15:49:25 UTC
    NEW YORK (AP) — U.S. stocks are under pressure after angry voters in Greece and France rejected painful budget cuts demanded by international lenders. Investors are uncertain over how the results will affect Europe's plans to rein in spending a...
  • Markets could stumble after France, Greece votes
    Photo_1336344239287-1-0 2012-05-07 00:26:27 UTC
    WASHINGTON (AP) — Financial markets will likely stumble this week after elections in Greece and France cast a pall of uncertainty over Europe's efforts to solve its debt crisis. On Sunday night, the euro plunged to $1.2988, a nearly five-month ...
  • Buffett's health on minds of Berkshire investors
    Untitled 2012-05-05 16:49:24 UTC
    OMAHA, Neb. (AP) — While 81-year-old Warren Buffett's health has been on investors' minds, many shareholders at Berkshire Hathaway's annual meeting said Saturday that they aren't that worried about Buffett's prostate cancer diagnosis. More than...
  • Yahoo CEO faces calls for ouster after inaccuracy
    Yahoo_ceo 2012-05-05 07:57:57 UTC
    SAN FRANCISCO (AP) — Scott Thompson's reign as Yahoo's CEO is in jeopardy after just four months on the job because he allowed an inaccuracy about his academic credentials to recur for years. A major Yahoo shareholder who exposed the fabricatio...
  • Presidential rivals fight over France's economy
    France-economy_0 2012-05-04 18:27:46 UTC
    PARIS (AP) — When he came to power in 2007, President Nicolas Sarkozy seemed just the man to shake up France's sclerotic economy with his promises of a break from the past. However, any optimism surrounding his victory five years ago has been repl...
  • Asia stocks slip on weakness in US retail sales
    Data 2012-05-04 06:30:49 UTC
    BANGKOK (AP) — Asian stock markets were mostly lower Friday after disappointing U.S. retail sales stirred concerns about the robustness of the recovery in the world's No. 1 economy. Major retailers such as Costco and Macy's reported that April ...
  • April retail sales worst since 2009
    Article-2097704-0f3cc74d00000578-522_468x286 2012-05-03 18:22:23 UTC
    NEW YORK (AP) — Americans' spending — much like the economy — continues to yo-yo. Major retailers such as Costco and Macy's reported on Thursday that April revenue rose less that 1 percent in the worst performance since 2009 when the U.S. econo...
  • Eurozone unemployment hits record high
    724op4810oabxhz2na33zrxxmiehlod 2012-05-02 19:24:02 UTC
    LONDON (AP) — Pressure is growing on Europe's leaders to focus less on austerity and more on stimulating growth as the 17 countries that use the euro face record high unemployment and a recession that is spreading across the region. Eurozone un...
  • Oil near $102 on Egypt protests, US demand outlook
    Oil-rises1 2013-07-03 07:09:49 UTC
    BANGKOK (AP) — The price of oil neared $102 a barrel Wednesday for the first time since May last year as Egypt's political crisis intensified, raising the risk of fuel supply disruptions. Benchmark crude for August delivery was up $2.07 to $101...
  • UK lawmakers: Rupert Murdoch unfit to lead company
    Britai656rich 2012-05-01 15:57:24 UTC
    LONDON (AP) — News Corp. chief Rupert Murdoch must take responsibility for serious failings that caused Britain's tabloid phone hacking scandal, lawmakers said Tuesday in a scathing report — as a narrow majority also insisted the tycoon was unfit ...
  • US consumer spending slowed in March, income rose
    05869cbfd5544efea6e80137f5fd1968-5180ef47fee64699b56f5f6d656e43dd-0 2012-04-30 20:11:08 UTC
    WASHINGTON (AP) — Americans increased their spending more slowly in March, suggesting some are worried that their paychecks aren't growing fast enough. The Commerce Department said Monday that consumer spending increased just 0.3 percent last m...
  • Tech exec gets 22 years prison for $30M fraud
    Mouli_cohen_portrait 2012-04-30 19:02:22 UTC
    SAN FRANCISCO (AP) — A former high-tech executive convicted of defrauding investors of at least $30 million on Monday was given one of the harshest sentences meted out in a white-collar criminal case. A federal judge in San Francisco sentenced ...
  • Asia stocks rise on hopes of new Fed stimulus move
    0 2012-04-30 05:13:57 UTC
    BANGKOK (AP) — Asian stock markets rose Monday in holiday-thinned trade as sluggish U.S. growth figures boosted hopes for more measures from the Federal Reserve to help the world's No. 1 economy. South Korea's Kospi added 0.2 percent to 1,980.2...
  • UK's Cameron: No pact with Murdoch over takeover
    628x471 2012-04-29 18:43:37 UTC
    LONDON (AP) — Prime Minister David Cameron acknowledged Sunday that he wooed Rupert Murdoch as he attempted to win power in Britain, but insisted he never struck a tit-for-tat deal to support the media mogul's business dealings in return for favor...
  • US raises hope of sale of new fighters to Taiwan
    F-16cd 2012-04-28 04:33:50 UTC
    TAIPEI, Taiwan (AP) — The administration of President Barack Obama is raising the possibility that it could sell new jet fighter aircraft to Taiwan to help redress the island's air power deficit with China. If the move goes through, it would in...
  • A weaker first quarter doesn't mean a weak year
    539w 2012-04-27 19:39:44 UTC
    WASHINGTON (AP) — The U.S. economy grew more slowly in the first three months of this year. Governments spent less, and businesses cut back on investment. But consumers spent at the fastest pace in more than a year. The result suggests that the...
  • Daimler Q1 net rises 20 percent, Mercedes slips
    Deimler 2012-04-27 06:13:47 UTC
    FRANKFURT, Germany (AP) — Automaker Daimler AG says net profit rose 20 percent to €1.42 billion ($1.88 billion) in the first quarter despite a slip in earnings at its key Mercedes luxury car business. Revenues rose 9 percent to €27.01 billion. ...
  • Chrysler posts best quarterly profit in 13 years
    Chrysler 2012-04-26 20:42:48 UTC
    DETROIT (AP) — Chrysler had its best quarterly profit in 13 years. Not bad for a company that almost died three years ago. The company earned $473 million in the first quarter, mainly from strong U.S. sales, which rose 39 percent from January t...
  • Gasoline prices continue to creep lower
    Arco 2012-04-26 20:16:08 UTC
    NEW YORK (AP) — Retail gasoline prices continued their surprising spring slide Thursday, dropping a penny to $3.83 per gallon. It's the 10th straight day of declines for the national average retail price. Pump prices are 4 cents lower than they...
  • Murdoch: Hacking scandal changed my entire company
    Murdoch 2012-04-26 20:20:00 UTC
    LONDON (AP) — Rupert Murdoch used his testimony before a U.K. inquiry on Thursday to portray himself as the victim, not perpetrator, of a cover-up over phone hacking — a bold claim unlikely to be accepted by those suing his company for invading th...
  • Fed: Economy growing moderately; no policy changes
    539w 2012-04-25 17:24:48 UTC
    WASHINGTON (AP) — The Federal Reserve says the economy is growing moderately while cautioning that risks from Europe remain. It's holding off on taking any further steps to boost the recovery. In a statement after a two-day meeting, the Fed sai...
  • Sales of handset arm lifts Sweden's Ericsson in QI
    Default 2012-04-25 07:47:09 UTC
    STOCKHOLM (AP) — LM Ericsson, the world-leading wireless equipment maker in terms of market share, saw its first quarter profits more than double, largely on the back of proceeds made from the sale of its stake in handset maker Sony Ericsson. T...
  • Germany's Merkel defends budget discipline drive
    4f96c01a21942.image 2012-04-24 15:55:21 UTC
    BERLIN (AP) — Germany defended its pro-austerity stance on Tuesday, with Chancellor Angela Merkel and two ministers pressing for Europe to stick with a policy of fiscal discipline in spite of the latest bout of political uncertainty. Financial ...
  • China's dream of electric car leadership elusive
    0b838c90-a6f8-452b-87b8-220799cd8699_news.ap.org 2012-04-24 07:37:35 UTC
    BEIJING (AP) — China's leaders are finding it's a lot tougher to create a world-beating electric car industry than they hoped. In 2009, they announced bold plans to cash in on demand for clean vehicles by making China a global power in electric...
  • Poor economy worsens Social Security's finances
    Timothy_geithner 2012-04-23 18:42:41 UTC
    WASHINGTON (AP) — High energy prices and an economy that has been slow to rebound are worsening Social Security's finances, shortening the life of the trust funds that support program by three years, the government said Monday. Those trust fund...