Finance

  • 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...
  • US factory orders fell in March by most in 3 years
    Factory-aircraft-435cs050212 2012-05-02 19:54:58 UTC
    WASHINGTON (AP) — Demand for U.S. factory goods dropped in March by the most in three years, driven lower by a sharp fall in volatile orders for commercial aircraft. Still, more recent data suggest the decline may be temporary. The Commerce Dep...
  • NYSE Euronext results falter on failed merger
    0-1 2012-04-30 20:53:02 UTC
    NEW YORK (AP) — The exchange operator NYSE Euronext said Monday that its first-quarter earnings tumbled 44 percent on weaker trading and its failed combination with Deutsche Boerse AG. Its shares fell nearly 6 percent in afternoon trading. C...
  • 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 ...
  • Italy pays higher yields in pair of bond auctions
    Mario-monti-wolfgang-scha-007 2012-04-27 20:22:01 UTC
    MILAN (AP) — Italy was forced to pay higher interest rates Friday to entice investors to buy a little under €5 billion ($6.6 billion) worth of its 5- and 10-year bonds as jitters over Europe's debt problems have resurfaced. Investors demanded y...
  • Markets brush aside more grim Spanish news
    9424dc4a0dc2c4f91304731868-943x345-1 2012-04-27 20:16:42 UTC
    LONDON (AP) — Investors brushed aside more grim Spanish financial news and lower-than-anticipated U.S. economic growth figures, helping stocks to rally at the end of what has turned out to be a solid week for markets. Over the past couple of we...
  • Why 'Sell in May' doesn't work for investors
    Untitled 2012-04-27 20:07:28 UTC
    NEW YORK (AP) — It's simple to understand, and has a nice ring to it. It's made some investors look like geniuses recently. Say it enough and you might even believe it. Too bad "Sell in May and go away" doesn't work. The idea behind the popu...
  • Stocks edge higher on Wall Street; Amazon surges
    4f9ac326aa663.image 2012-04-27 20:03:44 UTC
    NEW YORK (AP) — Stocks are trading slightly higher late Friday as investors weigh corporate profit gains against disappointing economic news. The Dow Jones industrial average rose 36 points to 13,241 at 3:45 p.m. The Standard & Poor's 500 edged...
  • 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...
  • Senate Dems ready bill freezing student loan costs
    Untitled 2012-04-25 18:08:08 UTC
    WASHINGTON (AP) — President Barack Obama is playing politics with his push to prevent interest rates on federal student loans from increasing in an election-year effort to embarrass Republicans, the Senate's GOP leader said Wednesday. Senate Mi...
  • Oil prices decline on growing supply
    110502033054_oil_prices_640x360_16x9 2012-04-25 18:03:54 UTC
    NEW YORK (AP) — Oil prices dropped slightly on Wednesday after the government reported an increase in U.S. supplies. Benchmark West Texas Intermediate crude lost 22 cents to $103.33 per barrel in New York. Brent crude, which sets the price of o...
  • US orders for long-lasting goods plunge in March
    File2tuysy 2012-04-25 17:37:52 UTC
    WASHINGTON (AP) — Orders for long-lasting factory goods fell by the largest amount in three years last month, mostly because demand for commercial aircraft plummeted. But companies also ordered less machinery and other equipment, a sign manufactur...
  • 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...
  • 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 ...