China November trade weak in challenge to economy
2012-12-11 16:17:20 UTC
BEIJING (AP) — China's trade weakened sharply in November, adding to challenges for the world's second-largest economy as a gradual recovery takes shape.
Export growth plunged to 2.9 percent over a year earlier from the previous month's 11.6 pe...
AIG sells 90 pct of plane leasing unit for $5.28B
2012-12-10 07:26:51 UTC
NEW YORK (AP) — American International Group Inc. on Sunday said it will sell up to 90 percent of its airplane leasing unit, International Lease Finance Corp., to a Chinese investor group for approximately $5.28 billion.
The investor group is...
Fiscal cliff efforts ongoing, Boehner offers plan
2012-12-18 19:27:47 UTC
WASHINGTON (AP) — President Barack Obama and House Speaker John Boehner pushed ahead on negotiating a broad deal to avert the "fiscal cliff," even as the GOP leader readied a backup plan Tuesday to pressure the White House with little time l...
Oil falls as uncertainty hits energy markets
2013-01-07 16:28:15 UTC
The price of oil fell Monday, hit by uncertainty about what the U.S. Federal Reserve might do with its bond purchase program and data showing the U.S. unemployment rate unchanged.
By early afternoon in Europe, benchmark crude for February...
Stocks mixed as investors work through jobs report
2012-12-07 21:15:38 UTC
NEW YORK (AP) — The stock market wasn't sure what to make of the government's latest jobs report.
The government reported Friday morning that the U.S. added jobs in November, and stock index futures shot higher in pre-market trading. Th...
US consumer borrowing rises to record $2.75T
2012-12-09 21:06:14 UTC
WASHINGTON (AP) — Americans swiped their credit cards more often in October and borrowed more to attend school and buy cars. The increases drove U.S. consumer debt to an all-time high.
The Federal Reserve said Friday that consumers increa...
US job gains defy Sandy and fears of fiscal cliff
2012-12-08 10:41:16 UTC
WASHINGTON (AP) — It takes more than a superstorm to derail the U.S. job market.
Employers added 146,000 jobs in November and the unemployment rate dipped to 7.7 percent, a four-year low, the government said Friday.
Though modest, th...
Starbucks to open 1,500 more cafes in the US
2012-12-05 21:12:11 UTC
NEW YORK (AP) — Another Starbucks may soon pop up around the corner, with the world's biggest coffee company planning to add at least 1,500 cafes in the U.S. over the next five years.
The plan, which would boost the number of Starbucks cafes in...
Stocks gain, led by banks; Apple holds down Nasdaq
2012-12-05 21:08:28 UTC
NEW YORK (AP) — Stocks were higher on Wall Street Wednesday as gains for financial companies and optimism about the Chinese economy offset news that U.S. business added fewer jobs last month.
The Dow Jones industrial average rose 113 points to ...
Stocks little changed as budget talks continue
2012-12-04 20:43:49 UTC
NEW YORK (AP) — Stocks were little changed Tuesday on Wall Street as budget talks continued in Washington.
The Dow Jones industrial average was up 10 points at 12,975 just before 2:30 p.m. EDT and had traded in a range of less than 90 points. T...
Oil closes lower as 'cliff' negotiations drag on
2012-12-04 20:35:46 UTC
NEW YORK (AP) — Worries over the looming "fiscal cliff" and the health of the U.S. economy drove oil prices lower Tuesday.
U.S. lawmakers have less than a month to reach a compromise to avoid a series of sharp tax increases and spending cut...
Chinese industrial upswing cheers markets
2012-12-03 11:57:42 UTC
LONDON (AP) — News that manufacturing activity in China, the world's second largest economy, grew for the first time in 13 months helped push global stocks higher on Monday.
HSBC's Purchasing Managers' Index rose to 50.5 in November from Octobe...
AP IMPACT: China overtaking US as global trader
2012-12-03 11:54:14 UTC
Publishable Editors Notes:
EDITOR'S NOTE _ This is the first installment in "China's Reach," a project that will analyze China's influence with its trading partners over three decades, and explore how that is changing business, politics...
Lincoln brand changes name as new MKZ goes on sale
2012-12-03 11:21:39 UTC
DETROIT (AP) — After years of dismal sales, Ford's Lincoln luxury brand is reintroducing itself with a new name and a new midsize sedan.
The brand will now be known as the Lincoln Motor Co. The change helps separate Lincoln from the cheaper F...
Moody's downgrade eurozone bailout fund
2012-12-01 13:46:58 UTC
BERLIN (AP) — Rating agency Moody's has stripped the eurozone's new €500 billion ($615 billion) bailout fund of its top credit rating.
Moody's announced Friday to downgrade the European Stability Mechanism's long-term debt rating from AAA to ...
Strike slows activity at busy Calif. port complex
2012-12-01 13:44:11 UTC
LOS ANGELES (AP) — A strike dramatically slowed activity at the ports of Los Angeles and Long Beach — the nation's busiest cargo complex — despite renewed efforts to end the walkout.
Seven of eight terminals in Los Angeles and three of six in L...
Menard to fly Wis. workers in to staff ND store
2012-11-30 10:04:50 UTC
BISMARCK, N.D. (AP) — Home improvement retailer Menard Inc. says it will hire workers from its home base in Wisconsin and fly them to North Dakota to staff a store in Minot, which is near the state's booming oil patch and has more jobs tha...
Ex-Nat'l Lampoon CEO to be sentenced in fraud case
2012-11-30 09:59:26 UTC
INDIANAPOLIS (AP) — A former chief executive of National Lampoon and two co-conspirators face possible life sentences Friday after being convicted of swindling investors out of about $200 million.
U.S. District Judge Jane Magnus-Stinson is set ...
US budget deal hopes give markets a boost
2012-11-29 11:56:41 UTC
LONDON (AP) — Hopes that U.S. political leaders may be inching towards a budget deal that will avoid automatic spending cuts and tax increases have given markets a big boost Thursday.
Comments by President Barack Obama and Speaker of the House ...
Mo. Powerball winner verified; Ariz.'s a mystery
2012-11-30 04:02:16 UTC
DEARBORN, Mo. (AP) — Missouri Lottery officials on Thursday verified one of two tickets that matched all six numbers to split a record $588 million Powerball jackpot, but that ticket holder — and another in Arizona — remained a mystery, even as ne...
OECD: Global recovery is weakening _ again
2012-11-27 10:57:57 UTC
PARIS (AP) — A new forecast says the world's economic recovery will be "hesitant and uneven" next year, with Europe's debt troubles dragging down growth in more vibrant economies.
The Organization for Economic Cooperation and Development says...
Greek bankruptcy averted _ for now
2012-11-27 10:02:12 UTC
ATHENS, Greece (AP) — Greece will not be defaulting on its debts anytime soon after the cash-strapped country finally struck a deal with its international creditors.
After weeks of negotiations, Greece's euro partners and the International Mo...
Cyber Monday likely to be busiest online sales day
2012-11-27 09:58:23 UTC
NEW YORK (AP) — Americans clicked away on their computers and smartphones for deals on Cyber Monday, which is expected to be the biggest online shopping day in history.
Shoppers are expected to spend $1.5 billion on Cyber Monday, up 20 percent ...
Schapiro's SEC successor likely to follow her lead
2012-11-27 09:42:27 UTC
WASHINGTON (AP) — The leadership of the Securities and Exchange Commission will change next month. Its approach to regulation probably won't.
Mary Schapiro will step down as chairwoman after a tumultuous tenure in which she helped lead the gove...
Asia stocks post slight gains after Black Friday
2012-11-26 08:05:03 UTC
BANGKOK (AP) — Asian stock markets posted slight gains Monday after the unofficial start of the holiday shopping season in the U.S. topped expectations, offsetting concerns about Greece's financial crisis.
Americans visited stores and websites ...