Top News

  • Oil prices fall amid calls for increased output
    Oilbarrels 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
    Diaalnews 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
    Diaalnews 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
    Untitled 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
    Us_stocks_waver__euro_dives_on_greece_turmoil 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
    A167fb1ef08a3917190f6a706700b617 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
    Oil-prices-falling-758090 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
    2fc0ebe9d9512c17190f6a706700b686 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. Overall order...
  • Stocks down; Fed moves seem less like a sure thing
    Stock-prices-fall-on-the-asx-data 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
    Asian-stocks-japan-may-8-2012 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
    Heineken_ 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
    Solar_worker_span 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
    5022e20a9fd99.preview-620 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
    Diaalnews 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
    3cdd521c8b82e217180f6a706700bda0 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
    Diaalnews 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
    3946efac730fd017180f6a70670061d2 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
    Diaalnews 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
    120819_american_airlines_2 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
    Oilbarrels 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
    Diaalnews 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
    Diaalnews 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
    0bbdda50d7ea3d16180f6a706700e4fc 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
    Court 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
    Image.axd 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...