Oil prices fall amid calls for increased output
2012-08-29 06:04:03 UTC
BANGKOK (AP) — Crude prices fell Wednesday after finance ministers from the world's leading industrialized economies called on oil producers to increase output and said they stood ready to ask the International Energy Agency to release strategic r...
Circumcision pluses outweigh risks: Pediatricians
2012-08-27 06:30:31 UTC
CHICAGO (AP) — The nation's most influential pediatricians group says the health benefits of circumcision in newborn boys outweigh any risks and insurance companies should pay for it.
In its latest policy statement on circumcision, a procedure ...
Swiss bank employee arrested in data theft case
2012-08-27 06:17:58 UTC
BERLIN (AP) — Swiss private bank Julius Baer says a Zurich-based employee has been arrested on suspicion of stealing confidential client information that was later passed to German tax investigators.
Bank spokesman Jan Vonder Muehll confirm...
Asian stocks listless without central bank moves
2012-08-27 06:13:02 UTC
SEOUL, South Korea (AP) — Asian markets lacked vigor Monday as the absence of action by central banks in the U.S. and China dismayed investors while Apple's court victory in a high-stakes patent dispute sent shares of Samsung Electronics into a ta...
A word from Bernanke turns stocks around
2012-08-25 08:17:31 UTC
NEW YORK (AP) — The stock market keeps getting tossed around by the Fed.
Stocks opened lower Friday but reversed course after a letter surfaced from Federal Reserve Chairman Ben Bernanke suggesting there was room for the central bank to do more...
Apple's victory could mean fewer phone options
2012-08-25 07:47:28 UTC
SAN JOSE, Calif. (AP) — Apple Inc.'s $1 billion legal victory could mean fewer smartphone options for consumers to choose from, analysts said.
A federal jury's verdict Friday that Samsung Electronic Co. stole Apple's technology to make and mark...
Oil prices fall below $96, reversing gains
2012-08-24 15:03:50 UTC
LONDON (AP) — The price of crude fell below $96 as oil markets grew pessimistic over the likelihood of more economic stimulus for the U.S. economy.
Benchmark crude fell 43 cents to $95.84 per barrel in midday trading in London in electronic tra...
Drop in key US durable goods orders shows weakness
2012-08-24 14:57:32 UTC
WASHINGTON (AP) — Signs that U.S. manufacturing is faltering emerged from a report Friday that orders for long-lasting factory goods, excluding the volatile transportation category, fell in July for the fourth time in five months.
Stocks down; Fed moves seem less like a sure thing
2012-08-23 18:05:00 UTC
NEW YORK (AP) — Imminent action, it seems, wasn't so imminent after all.
The stock market recovered most of its Wednesday afternoon decline after the Federal Reserve hinted that it was close to taking more action to try to prop up the economy...
Asia stocks rise after Fed hints of help for US
2012-08-23 02:27:53 UTC
BANGKOK (AP) — Asian stock markets were mostly higher early Thursday as investors weighed the possibility that more help for the U.S. economy from the Federal Reserve might be on the way.
Stocks got a boost from the release of minutes the las...
Asset sale helps Heineken 1H profit
2012-08-22 07:06:22 UTC
AMSTERDAM (AP) — Heineken NV says first half profits rose thanks to the sale of a brewery in the Dominican Republic, as higher costs ate into operating profits — but the Dutch brewer continued to grow sales and market share.
Heineken, which r...
Chinese solar industry faces weak sales, price war
2012-08-22 06:58:46 UTC
BEIJING (AP) — Chinese solar panel makers that grew fast over the past decade are suffering big losses due to slumping global sales and a price war that threaten an industry seen by communist leaders as a role model for hopes to transform China in...
Hopes for European rescue plan underpin markets
2012-08-21 16:11:17 UTC
LONDON (AP) — Hopes that the European Central Bank will reach a deal to help Spain and Italy borrow at cheaper rates nudged financial markets higher on Tuesday.
Investors are increasingly convinced that the ECB will buy some eurozone countrie...
Billionaire Soros takes piece of Manchester United
2012-08-21 13:16:41 UTC
NEW YORK (AP) — Billionaire financier George Soros is getting in on the game, taking a minority stake in soccer club Manchester United.
Soros disclosed in a regulatory filing on Monday that he owns 7.85 percent of Manchester United's Class A...
Futures rise on hope of bold action in Europe
2012-08-21 12:58:53 UTC
NEW YORK (AP) — U.S. market futures are moving higher on new hopes that the European Union will step in to prop up the continent's most troubled nations.
Anticipation is already driving down borrowing rates for nations like Spain, where the cos...
Stocks slip, but Apple sets a record
2012-08-20 20:57:17 UTC
NEW YORK (AP) — Stocks slipped Monday in one of the quietest trading sessions of the year. Worries about European debt crept up again, and Apple became the most valuable company of all time.
The Dow Jones industrial average fell 3.56 points, ...
Apple sets record for company value at $623B
2012-08-21 14:31:41 UTC
NEW YORK (AP) — Apple is Wall Street's all-time MVP —that's Most Valuable Property.
On Monday, Apple's surging stock propelled the company's value to $624 billion, the world's highest, ever. It beat the record for market capitalization set by M...
ECB official: Greece should remain in euro
2012-08-20 09:17:43 UTC
BERLIN (AP) — A top European Central Bank official says Greece should remain in the eurozone — arguing that, though an exit would be manageable, it would be very costly and push up unemployment in Europe.
The comments by ECB executive board mem...
American Airlines' flight attendants OK contract
2012-08-20 05:20:54 UTC
DALLAS (AP) — Flight attendants at American Airlines voted to approve a new contract offer from the airline, which is seeking to cut costs in bankruptcy protection.
The results released Sunday showed attendants voted to accept the contract by 5...
Oil stays above $96 on consumer confidence
2012-08-20 05:17:31 UTC
BANGKOK (AP) — Oil prices rose for a fifth straight day of gains Monday, on the back of rising consumer confidence in the U.S. economy.
Benchmark oil for September delivery rose 30 cents to $96.31 per barrel in midday Bangkok time in electronic...
British lawmakers criticize ex-Barclays CEO
2012-08-18 17:58:57 UTC
LONDON (AP) — Former Barclays CEO Bob Diamond offered a "highly selective" account to a parliamentary hearing on the banking rate-fixing scandal, British lawmakers said Saturday in a highly critical report.
In its report regarding manipulation ...
GM, Isuzu recall 258,000 SUVs to fix power windows
2012-08-18 17:52:41 UTC
DETROIT (AP) — General Motors and Isuzu are recalling more than 258,000 SUVs in the U.S. and Canada to fix short-circuits in power window and door lock switches that can cause fires.
The recall covers Chevrolet TrailBlazer, GMC Envoy, Buick Rai...
Higher retail spending lifts hopes for US economy
2012-08-15 06:32:26 UTC
WASHINGTON (AP) — Americans increased their retail spending in July by the most in five months, opening their wallets after a frugal spring and offering hope that the slumping economy may rebound in the second half of the year.
Retail spending ...
Australian court OKs logo ban on cigarette packs
2012-08-15 06:17:40 UTC
CANBERRA, Australia (AP) — Australia's highest court upheld the world's toughest law on cigarette promotion on Wednesday despite protests from tobacco companies that argued the value of their trademarks will be destroyed under new rules that will ...
Insurance deal lets India resume shipping Iran oil
2012-08-14 03:55:14 UTC
MUMBAI, India (AP) — India has joined Japan in offering government-backed insurance for ships carrying Iranian crude in order to bypass European sanctions that have nearly halved Iranian oil exports to key markets.
The first Indian ship to carr...