Top News

  • Why Greg Smith left Goldman Sachs
    Diaalnews 2012-10-22 15:31:53 UTC
    Greg Smith wrote the essay that echoed across Wall Street like a thunderclap. Smith was a vice president at Goldman Sachs until March. He announced his departure from the investment bank with a blistering Op-Ed in The New York Times, ac...
  • Dow down 205 as weak earnings drag market lower
    Us_stocks_waver__euro_dives_on_greece_turmoil 2012-10-19 21:09:55 UTC
    NEW YORK (AP) — Poor corporate earnings reports pounded the stock market Friday in a sour end to an otherwise strong week of trading. The Dow Jones industrial average fell more than 200 points for its worst day in four months. Disappointing res...
  • Jobless rate falls in most battleground states
    A38f02b3a8daf418190f6a706700c501 2012-10-19 20:39:47 UTC
    CLEVELAND (AP) — Unemployment rates fell last month in nearly all of the battleground states that will determine the presidential winner, giving President Barack Obama fresh fodder to argue that voters should stick with him in an election focused ...
  • Gasoline prices _ finally _ begin to slide
    Arco 2012-10-18 20:21:17 UTC
    NEW YORK (AP) — Gasoline prices have finally begun their seasonal slide. Better late than never. The national average retail price has fallen for ten straight days and is now $3.74 per gallon. That's 13 cents below the fall peak of $3.87...
  • First oil nears for Kazakhstan's supergiant field
    D1cdbbb060404e1d1e0f6a706700057f 2012-10-18 08:20:54 UTC
    KASHAGAN OILFIELD, Kazakhstan (AP) — The manmade islands that are home to Kazakhstan's mammoth Kashagan oilfield project rise like a mirage to the boats churning through the shallow waters of the Caspian Sea. Creating them has been a gargantuan...
  • China shows signs economic recovery taking shape
    D426cdd95f4d4a1d1e0f6a706700ad09 2012-10-18 08:13:49 UTC
    BEIJING (AP) — China's worst slump since the global financial crisis leveled out in the latest quarter and retail sales picked up in a sign an economic rebound is taking shape, adding to hopes for a global recovery. The world's second-largest e...
  • Earnings propel Dow to its biggest jump in a month
    Untitled 2012-10-17 01:01:31 UTC
    Inflation is low, earnings are high, investors are happy. Stocks shot higher Tuesday, giving the market its biggest gain in a month. Results at Mattel, Goldman Sachs, and Johnson & Johnson were all above expectations. It was the second day o...
  • Tame US prices, more confident builders aid growth
    F11baf9c2e32251d1e0f6a7067007c65 2012-10-17 00:59:24 UTC
    WASHINGTON (AP) — The outlook for the U.S. economy brightened a little Tuesday after reports that consumer prices stayed tame and homebuilder confidence rose to the highest level in six years. A third report showed factory output grew only mode...
  • Expect small '13 Social Security benefit increase
    D9f56651fa6af41c1d0f6a7067004577 2012-10-15 10:37:36 UTC
    WASHINGTON (AP) — Social Security recipients shouldn't expect a big increase in monthly benefits come January. Preliminary figures show the annual benefit boost will be between 1 percent and 2 percent, which would be among the lowest since auto...
  • German tax to finance renewable energy skyrockets
    Diaal 2012-10-15 10:05:51 UTC
    BERLIN (AP) — Germany's tax on households' electricity bills to finance the expansion of renewable energies will rise almost 50 percent on the year as the country pushes ahead with phasing out nuclear power within a decade. The country's fou...
  • FDA regulation of pharmacies has knotty history
    Diaalnews 2012-10-13 04:24:59 UTC
    WASHINGTON (AP) — The deadly meningitis outbreak linked to contaminated pain injections has prompted calls for tighter federal regulation of compounding pharmacies, which have periodically been blamed for crippling and sometimes fatal injuries. Bu...
  • US stocks fall, headed for weekly decline
    5022e20a9fd99.preview-620 2012-10-13 04:24:46 UTC
    Stocks slipped on Friday, putting Wall Street's big indexes on track for their worst week since early June. Bank and energy stocks led the way lower after investors had a mixed reaction to earnings reports from JPMorgan Chase and Wells Fargo. ...
  • Heating costs to rise this winter as cold returns
    Eia_sign_0 2012-10-10 16:42:46 UTC
    NEW YORK (AP) — Americans will pay more to heat their homes this winter as they feel something they didn't feel much of last year: cold. Fuel prices will be relatively stable, but customers will have to use more energy to keep warm than they di...
  • Toyota recalls 7.43 million vehicles globally
    013237fa929f901c1d0f6a706700ec96 2012-10-10 16:38:18 UTC
    TOKYO (AP) — Toyota Motor Corp. is recalling 7.43 million vehicles in the U.S., Japan, Europe and elsewhere around the world for a faulty power-window switch — the latest, massive quality woes for Japan's top automaker. The recall announced Wed...
  • Stocks slide, and investors wait for earnings
    Untitled 2012-10-10 03:02:44 UTC
    NEW YORK (AP) — Stocks slumped Tuesday on Wall Street after the International Monetary Fund predicted weaker world economic growth and as investors waited for what they expected to be lower corporate earnings. The Dow Jones industrial average...
  • Asia stocks fall on Spain, US earnings worries
    237b7a657a637f1c1d0f6a706700eb30 2012-10-10 02:59:52 UTC
    BANGKOK (AP) — Worries about Europe's debt crisis, signs of weak global growth and expectations of lower U.S. corporate earnings sent Asian stocks down on Wednesday. Japan's Nikkei 225 index tumbled 1.7 percent to 8,625.26. Hong Kong's ...
  • World Bank cuts Asia growth outlook for this year
    Diaalnews 2012-10-08 08:58:04 UTC
    BEIJING (AP) — The World Bank cut its growth forecast for Asia on Monday in a new sign of the impact of weakening global demand and warned China's cooling economy faces the risk of a "more pronounced slowdown." The bank cut this year's growth o...
  • Asia stocks down as global growth woes intensify
    Asian-stocks-japan-may-8-2012 2012-10-08 08:47:48 UTC
    BANGKOK (AP) — Asian stocks fell Monday as Europe's debt crisis continued to roil markets and the World Bank cut its growth forecasts for Asia. Investors were also disappointed by falling commodity prices and a mixed finish on Wall Street on Fr...
  • EU finance chiefs to discuss debt crisis, Greece
    37a161a411f5181c1d0f6a70670036e5 2012-10-08 07:05:45 UTC
    LUXEMBOURG (AP) — EU finance ministers are in Luxembourg to take stock of the debt crisis before a summit of EU leaders later this month. The 17 eurozone ministers will look Monday at Greece's budget proposals. They will hear from the troika ...
  • Calif. gas prices equal all-time high
    E1589cc31502271c1d0f6a706700d06b 2012-10-06 10:40:06 UTC
    LOS ANGELES (AP) — The price of gasoline has equaled the all-time high in California of $4.61 a gallon. AAA's Daily Fuel Gauge report released early Saturday says the average price for a gallon of regular unleaded across California rose 12 cent...
  • US unemployment below 8 pct, first time since 2009
    A2a66c491191171c1d0f6a706700c014 2012-10-06 10:27:27 UTC
    WASHINGTON (AP) — The U.S. unemployment rate dropped below 8 percent for the first time since the month President Barack Obama took office, a surprising lift for both the economy and his re-election hopes in the final weeks of the campaign. The...
  • Samsung puts quarterly profit at record high again
    12c63f5b10ed141c1d0f6a7067009736 2012-10-05 08:41:11 UTC
    SEOUL, South Korea (AP) — Samsung Electronics Co. tipped all-time high quarterly operating profit, likely driven by strong sales of high-end smartphones that offset weak semiconductor orders. The guidance for Samsung's third quarter earnings ...
  • Iran tightens measures to stem currency fall
    Diaalnews 2012-10-03 16:59:08 UTC
    TEHRAN, Iran (AP) — Police threatened merchants who closed their shops in Tehran's main bazaar and launched crackdowns on sidewalk money changers on Wednesday as part of a push to halt the plunge of Iran's currency, which has shed more than a thir...
  • Ranchers see increase in grass thefts amid drought
    96fdf0cedd4de31b1c0f6a7067005285 2012-10-03 08:34:20 UTC
    VAUGHN, N.M. (AP) — Petty crime and burglaries aren't unusual in New Mexico's isolated Guadalupe County, but lately Sheriff Michael Lucero has seen thieves steal something a bit unexpected — grass. With drought drying out grazing land and drivi...
  • APNewsBreak: Coke, Samsung pull Vietnam site ads
    20121001163057.2973.oled-fernseher-samsung-internationalen-funkausstellung-berlin-ifa-2012.918x557 2012-10-03 08:01:45 UTC
    HANOI, Vietnam (AP) — Coca-Cola and Samsung have pulled their advertising from a popular Vietnamese website notorious for providing unlicensed downloads of Western and local songs, in a rare victory against online piracy in a country where it has ...