Wal-Mart outlook gives glimpse of economy
2013-02-22 08:02:28 UTC
NEW YORK (AP) — As the fortunes of many Americans go, so goes Wal-Mart, so goes the economy.
Even as the world's largest retailer on Thursday reported an 8.6 percent rise in fourth quarter profit during the busy holiday shopping season,...
Rebel Apple investor tries to rally Street
2013-02-22 08:00:25 UTC
NEW YORK (AP) — A Wall Street maverick who wants Apple Inc. to share more of its wealth with investors took his case to other shareholders Thursday, urging them to send management a message by voting against a company proposal at the upcom...
Asian stocks muted on Europe concerns, China
2013-02-22 07:58:34 UTC
BEIJING (AP) — Asian stock markets were muted Friday following weak economic data from Europe and moves by China's government to cool inflation pressures.
Oil rose to just above $93 a barrel after two days of steep falls.
The Asian ...
Sony shows PlayStation 4 capabilities, but no box
2013-02-21 09:17:50 UTC
NEW YORK (AP) — Sony showed off what the PlayStation 4 can do, but not what it will look like.
The Japanese electronics giant talked about its upcoming game console for the first time and said it will go on sale this holiday season.
Italian traditions provide buffers to the crisis
2013-02-21 08:55:42 UTC
VICENZA, Italy (AP) — Self-made Italians like Amedeo Tartarini never expected to need help.
Tartarini's goldsmith business thrived for decades in Italy's postwar boom. He was one of legions of small businessmen who made Italy an industr...
Insurer Allianz doubles net profit in 2012
2013-02-21 07:49:02 UTC
FRANKFURT, Germany (AP) — Insurance company Allianz SE says net profit almost doubled last year as losses on Greek bonds no longer weighed down its results.
The Munich-based company said Thursday its basic insurance business also improved, su...
Stocks drop following Fed doubts about stimulus
2013-02-20 22:18:09 UTC
NEW YORK (AP) — The stock market posted its biggest loss this year on news that Federal Reserve officials suggested the central bank scale back its effort to keep borrowing costs low.
Minutes from the Fed's January meeting seemed to cat...
Greece hit by general strike against austerity
2013-02-20 11:27:03 UTC
ATHENS, Greece (AP) — Thousands of anti-austerity demonstrators took to the streets of Athens on Wednesday as unions staged a general strike to protest the government's spending cuts and tax hikes, which some predict will push unemployment to a ...
Commercial cyber spying offers rich payoff
2013-02-20 11:24:28 UTC
BEIJING (AP) — For state-backed cyber spies such as a Chinese military unit implicated by a U.S. security firm in a computer crime wave, hacking foreign companies can produce high-value secrets ranging from details on oil fields to advance...
Google's stock price breaks $800 for 1st time
2013-02-19 21:33:53 UTC
SAN FRANCISCO (AP) — Google's stock price topped $800 for the first time Tuesday amid renewed confidence in the company's ability to reap steadily higher profits from its dominance of Internet search and prominence in the increasingly import...
Microsoft's Outlook takes aim at Google's Gmail
2013-02-19 07:47:37 UTC
SAN FRANCISCO (AP) — Microsoft is so confident it has the Internet's best email service that it is about to spend at least $30 million to send its message across the U.S.
The barrage begins Tuesday when Microsoft's twist on email, Outlo...
China rejects status as world's biggest trader
2013-02-19 07:45:46 UTC
BEIJING (AP) — China's government has taken the unusual step of publicly denying it passed the United States last year as the world's biggest trader — a politically sensitive status.
Trade data from both governments indicate China passed the ...
Herbalife stock surges after Icahn grabs stake
2013-02-16 06:47:33 UTC
NEW YORK (AP) — Strictly business, nothing personal. That's how Carl Icahn characterizes the latest turn in his clash with fellow Wall Street titan William Ackman.
Both men have a keen interest in Herbalife, a maker of dietary suppleme...
S&P 500 ends higher, extending streak
2013-02-16 06:43:26 UTC
NEW YORK (AP) — The S&P 500 kept its winning streak alive, just.
The Standard & Poor's 500 ended the week nearly two points higher, enough to give it a seventh straight week of gains. That's the longest stretch of advances in more than two ...
Asia stocks fall on slumping German economy
2013-02-15 05:37:53 UTC
BANGKOK (AP) — Disappointing news about Germany's economy sent Asian stock markets down on Friday.
Europe's biggest economy contracted a worse-than-expected 0.6 percent in the last quarter of 2012 as recession deepened across the 17 Eu...
Oil nearly unchanged as Europe economy slumps
2013-02-15 05:33:45 UTC
BANGKOK (AP) — Oil prices were little changed Friday, a day after data from Europe showed both big and small economies in the region mired in an economic slowdown.
Benchmark oil for March delivery was up 3 cents to $97.34 per barrel at ...
Japan economy shrinks, fueling push for weak yen
2013-02-14 08:51:12 UTC
TOKYO (AP) — Japan's economy shrank in the last three months of 2012, its third straight quarter of contraction, giving the government ammunition to defend its "weak yen" strategy as necessary to getting growth back on track.
The 0.4 perc...
EDF: 4.6 percent growth in core profit in 2012
2013-02-14 08:50:37 UTC
PARIS (AP) — French electricity giant EDF says its core profit rose 4.6 percent last year behind solid organic growth in Italy and its home market and growing demand for nuclear power in Britain, and despite a tough economic climate.
German economic growth drops in 4Q of 2012
2013-02-14 08:50:17 UTC
BERLIN (AP) — Official statistics show German gross domestic product shrank by a larger-than-expected 0.6 percent in the final quarter in 2012 as the European financial crisis took its toll on the continent's largest economy.
The Federal Statis...
Asia stocks rise amid positive US company news
2013-02-14 08:50:59 UTC
BANGKOK (AP) — Stock markets in Asia moved higher Thursday on the heels of positive corporate news and resilience in U.S. consumer spending.
Japan's Nikkei 225 index rose 0.6 percent to 11,313.68. The Tokyo market shrugged off data sho...
A US economy that's strengthened over past 4 years
2013-02-13 07:49:39 UTC
WASHINGTON (AP) — The U.S. economy, the expected focus of Tuesday night's State of the Union speech, is much healthier than it was four years ago. Yet growth remains slow and unemployment high.
In early 2009, the U.S. economy was in the m...
Yes, U.S. authorities can spy on EU cloud data. Here's how
2013-02-13 07:34:12 UTC
ZDNet - Summary: EU citizens and businesses are warned against using the cloud over the risk that U.S. law enforcement and intelligence agencies can obtain your personal records. Here's how the U.S. can acquire your data, even if you're based in t...
American Lobbyists Are Writing Europe's New Data Protection Laws
2013-02-13 07:22:13 UTC
American Lobbyists Are Writing Europe's New Data Protection Laws
The American government and various corporate entities have mounted an unprecedented lobbying campaign against reform of Europe’s data protection laws and, as a new site using ope...
Finger-pointing trumps problem-solving on budget
2013-02-12 22:28:59 UTC
WASHINGTON (AP) — Just about everyone in official Washington is in agreement that big across-the-board spending cuts at the Pentagon and throughout domestic federal programs on March 1 are a bad idea.
So far, however, the warring factions in th...
SBA head Mills to leave Obama administration
2013-02-11 17:45:11 UTC
WASHINGTON (AP) — Karen Mills is leaving her post as head of the Small Business Administration, opening yet another Cabinet-rank job for President Barack Obama to fill at the start of his second term. Obama says Mills played a leading role suppo...