UK's Cameron: No pact with Murdoch over takeover
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...
Spain crisis deepens with jobless rise, downgrade
2012-04-27 16:13:33 UTC
MADRID (AP) — The hole in Spain's economy is getting deeper.
The government reported Friday that unemployment rose to 24.4 percent in the first quarter — compared with 22.9 percent in the fourth quarter — and that more than half of Spaniards un...
Natural gas prices rise; oil declines slightly
2012-04-27 15:59:12 UTC
Natural gas is rising as cooler weather and production cuts are raising expectations that demand may improve.
Natural gas rose 2.1 cents to $2.147 per 1,000 cubic feet Friday in early trading. Last week the price dropped to the lowest level in ...
Exxon Mobil 1Q profit drops 11 percent
2012-04-26 20:50:29 UTC
NEW YORK (AP) — Exxon Mobil struggled just about everywhere in the first quarter.
It produced less oil and natural gas. Profits dropped at its chemical plants and U.S. refineries. And its overall net income fell 11 percent, the first decline in...
Chrysler posts best quarterly profit in 13 years
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...
Murdoch: Hacking scandal changed my entire company
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...
Senate Dems ready bill freezing student loan costs
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.
Delta, US Airways see strong travel demand
2012-04-25 17:46:03 UTC
MINNEAPOLIS (AP) — Rising fares haven't kept passengers away, judging by financial results at Delta Air Lines and US Airways.
Both airlines reported quarterly profits on Wednesday. They each said travel demand appears to be holding up, suggesti...
Apple's blowout quarter propels Nasdaq to big gain
2012-04-25 17:33:59 UTC
NEW YORK (AP) — The Nasdaq composite index shot 2 percent higher Wednesday, powered by a surge in Apple. The iPhone maker's stock climbed more than $50 after the company once again blew past Wall Street's profit forecasts.
Fed: Economy growing moderately; no policy changes
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...
Oil little changed, investors weigh global economy
2013-01-18 20:16:30 UTC
NEW YORK (AP) — The price of oil remained at a four-month high Friday after new data showed China's economy rebounded and a global demand forecast rose.
Benchmark oil for February delivery rose 7 cents to finish at $95.56 per barrel on the ...
Paper: UBS head calls tax flap 'economic war'
2012-04-23 04:40:47 UTC
GENEVA (AP) — The CEO of Swiss banking giant UBS AG has said the nation's tax disputes with the United States and some European nations are "an economic war" putting 20,000 jobs at risk.
Sergio Ermotti, appointed CEO in November in the wake of ...
Bee Gee Robin Gibb wakes from coma
2012-04-22 22:39:54 UTC
LONDON (AP) — Robin Gibb's spokesman says the Bee Gees star has woken from a coma and is showing signs of recovery.
The 62-year-old singer fell into a coma last week after contracting pneumonia.
Doug Wright on Saturday said that Gibb had bee...
A divided Congress confronts a rising cyberthreat
2012-04-21 21:13:20 UTC
WASHINGTON (AP) — The mysterious caller claimed to be from Microsoft and offered step-by-step instructions to repair damage from a software virus. The electric power companies weren't falling for it.
The caller, who was never traced or identifi...
IMF moves to calm market fears over European debt
2012-04-21 20:55:10 UTC
WASHINGTON (AP) — An infusion of hundreds of billions of dollars will give the International Monetary Fund a badly needed boost to tackle Europe's prolonged debt crisis. But global finance officials sent a strong message Saturday that struggling g...
EU parliament slams Argentina's YPF seizure
2012-04-20 18:29:53 UTC
BRUSSELS (AP) — The European Union parliament on Friday condemned Argentina's move to seize control of the YPF division of Spanish oil and gas company Repsol and demanded that the EU take action against Buenos Aires at the World Trade Organization...
Internet advertising climbs to $31 billion in 2011
2012-04-18 17:04:36 UTC
(Reuters) - Internet advertising revenue in the United States jumped 22 percent to $31 billion in 2011 setting a record high.
The bulk of last year's spend went to search and display advertising, according to a...
China gives currency more freedom with new reform
2012-04-14 05:24:12 UTC
BEIJING (Reuters) - China took a milestone step in turning the yuan into a global currency on Saturday by doubling the size of its trading band against the dollar, pushing through a crucial reform that further liberalizes its nascent financial mar...
U.S. politics clash with reality over China currency
2012-04-13 22:39:50 UTC
WASHINGTON (Reuters) - The United States was keeping a wary eye on North Korea after the reclusive state's unsuccessful launch of a long-range rocket, and President Barack Obama said on Friday that Pyongyang faced further isolation if it kept defy...
Big banks face $638 billion shortfall on new rules
2012-04-12 17:04:33 UTC
LONDON/ZURICH (Reuters) - The world's biggest banks would have needed to find more than $600 billion if tough new capital rules to be phased in from 2013 had been in place last year.
The Basel Committee of global regulators said if the new rule...
Treasury bond prices drop as investors take profits
2012-04-11 16:39:51 UTC
NEW YORK (Reuters) - Treasury debt prices fell on Wednesday as investors took profits on the previous day's gains and worked to cheapen prices ahead of a debt sale later in the afternoon.
Investors were also taking cues from weaker European deb...
Doctors seek end to 5 cancer tests, treatments
2012-04-10 04:39:28 UTC
NEW YORK (Reuters) - The nation's leading association of cancer physicians urged doctors to stop offering five common tests and treatments for cancer patients, a move that threatens to further inflame concerns about the rationing of medical care.
California wildfires: San Rafael Mayor's way to show leadership
2017-10-16 19:24:58 UTC
San Rafael — When an urgent request went out via email to all employees for city staff to volunteer at an Emergency Shelter in San Rafael, one response was unexpected. <strong><i>Mayor Gary Phillips</i></strong> wrote, <i>"I would be glad to help ...
Syria truce prospects fade as fighting rages
2012-04-09 18:56:14 UTC
ANTAKYA, Turkey (Reuters) - A military bombardment of a town in central Syria killed 30 people on Monday on the eve of a scheduled army withdrawal from urban areas, opposition activists said, dashing the prospects of a U.N.-brokered ceasefire taki...
Iran warns US and calls for investigation of chemical attack in Syria
2017-04-08 17:22:02 UTC
Tehran — Iranian President Hassan Rouhani warned that U.S. missile strikes risked escalating extremism in the region and called for an impartial probe of this week's suspected chemical weapons attack in Syria.
Washington accused the government ...