Asia stocks mixed ahead of US vote, China congress
2012-11-06 07:59:06 UTC
BANGKOK (AP) — Asian stock markets were mixed Tuesday as traders refrained from major steps ahead of the U.S. presidential election and a leadership change in China.
The race between President Barack Obama and Republican challenger Mitt Romney ...
China pushes BMW to record sales, earnings in Q3
2012-11-06 07:55:49 UTC
FRANKFURT, Germany (AP) — Strong sales of its luxury cars in China helped boost BMW AG's net profit by 16 percent in the third quarter.
Booming Asian sales helped the maker of the X5 sport utility vehicle and the 5-series sedan overcome a stagn...
Where will housing be found for Sandy's victims?
2012-11-06 05:42:04 UTC
NEW YORK (AP) — Government leaders are turning their attention to the next crisis unfolding in the aftermath of Superstorm Sandy: finding housing for potentially tens of thousands of people left homeless.
The Federal Emergency Management Agency...
Canada to take more time on CNOOC takeover
2012-11-04 17:30:02 UTC
TORONTO (AP) — Canada is taking more time to review Chinese state-owned CNOOC's takeover bid for Canadian oil and gas producer Nexen. It would be China's biggest overseas energy acquisition.
Industry Minister Christian Paradis said in a stateme...
Electricity explains why some have gas, some don't
2012-11-04 17:14:07 UTC
NEW YORK (AP) — It's a question that's rankled and bewildered many in the Northeast: Why do some areas struck by Superstorm Sandy have plenty of gasoline and others still don't?
It turns out we need electricity to drive. Even if we're driving c...
Northeast travel slowly resumes
2012-10-31 18:37:18 UTC
Travelers stranded by Hurricane Sandy are seeing service slowly restored across the Northeast. But it'll be days before things are close to normal.
The busy Northeast travel corridor ground to a halt when the huge storm slammed into New Jersey ...
Eurozone unemployment rises to new record
2012-10-31 17:51:39 UTC
LONDON (AP) — Unemployment in the 17-country eurozone hit a record high of 11.6 percent in September, official figures showed Wednesday, a sign the economy is deteriorating as governments struggle to get a grip on their three-year debt crisis.
Facebook stock down after post-IPO lock-up expires
2012-10-31 17:46:13 UTC
NEW YORK (AP) — Facebook's stock price fell Wednesday, the day employees were eligible to start selling restricted stock in the company.
A lock-up period that had prevented such sales expired on Monday. U.S. stock markets opened on Wednesday ...
Airports and stock exchange reopen; NJ devastated
2012-10-31 17:44:41 UTC
NEW YORK (AP) — Two major airports reopened and the floor of the New York Stock Exchange came back to life Wednesday, while across the river in New Jersey, National Guardsmen rushed to rescue flood victims and fires still raged two days after Supe...
US stocks higher after historic 2-day close
2012-10-31 17:43:36 UTC
NEW YORK (AP) — Wall Street is back in business.
Traffic is snarled, streets are flooded, subways are out of commission and power is out in many parts of New York City, but the stock exchange at 11 Wall Street opened trading without hitch Wedne...
US home prices rise in August at faster pace
2012-10-30 14:12:39 UTC
WASHINGTON (AP) — Home prices rose in August in nearly all U.S. cities, and many of the markets hit hardest during the crisis are starting to show sustained gains. The increases are the latest evidence of a steady housing recovery.
Wall Street still dark, exchanges test systems
2012-10-30 13:53:55 UTC
NEW YORK (AP) — With large portions of lower Manhattan still dark early Tuesday, U.S. stock exchanges said they were testing contingency plans to ensure trading resumes as soon as possible this week after Hurricane Sandy smashed into the East Coas...
For travelers, Sandy's aggravation spans globe
2012-10-30 13:34:25 UTC
NEW YORK, USA (AP) — Hurricane Sandy grounded well over 10,000 flights across the Northeast and the globe, and it could be days before some passengers can get where they're going.
According to the flight-tracking service FlightAware, more than 13...
World stocks down, NYSE closes trading floor
2012-10-29 10:59:33 UTC
BANGKOK (AP) — World stock markets fell Monday as a mammoth storm heading toward the eastern U.S. caused the New York Stock Exchange and CME Group to shut trading floors.
Stocks ran out of momentum as traders refrained from bold moves amid glob...
Hurricane Sandy grounds thousands of flights
2012-10-29 22:05:12 UTC
NEW YORK (AP) — Hurricane Sandy grounded thousands of flights in the U.S. northeast Monday and upended travel plans across the globe, stranding passengers from Hong Kong to Europe. The massive storm threatens to bring a near halt to air travel for...
Layoffs, perks, labor costs trap French govt
2012-10-29 08:48:57 UTC
PARIS (AP) — The 35-hour work week? Untouchable. The social safety net? Untrimmable.
So how on earth can France's Socialist government keep its promise to make the country, and Europe, more competitive in the global marketplace? Slowly and care...
Weak business spending drags on US growth
2012-10-25 20:56:47 UTC
WASHINGTON (AP) — Companies are holding off on purchases of computers, industrial equipment and other long-lasting manufactured goods, a trend that's slowing the U.S. economy.
A fourth straight month of lackluster corporate spending led many ec...
Stocks edge higher, breaking a weeklong slump
2012-10-25 20:43:29 UTC
NEW YORK (AP) — Stocks are closing modestly higher after a handful of decent corporate earnings reports were enough to break a weeklong slump in the market.
The Dow Jones industrial average managed a gain of 26 points, ending the day at 13,104 ...
Microsoft CEO hails imminent release of Windows 8
2012-10-25 20:40:01 UTC
NEW YORK (AP) — Microsoft CEO Steve Ballmer celebrated the imminent release of the company's Windows operating system after two years of work.
Windows 8 is the most dramatic overhaul of the personal computer market's dominant operating system i...
Asian stocks limit losses on China manufacturing
2012-10-24 06:00:55 UTC
BANGKOK (AP) — Asian stock markets were mixed Wednesday following a slew of bleak U.S. corporate results, but losses were cushioned by a report suggesting China's manufacturing slump may be bottoming out.
HSBC Corp. said its monthly purchasing ...
Oil price rises on Chinese manufacturing survey
2012-10-24 05:57:53 UTC
BANGKOK (AP) — The price of oil rose Wednesday after a survey of Chinese manufacturing suggested that a slowdown in the world's second-largest economy might be stabilizing.
Benchmark oil for December delivery was up 79 cents to $87.46 per barre...
Survey shows China's manufacturing improving
2012-10-24 03:10:41 UTC
BEIJING (AP) — A survey shows China's manufacturing improved this month, adding to signs that a recovery from an economic slump might be taking shape.
HSBC Corp. said Wednesday a preliminary version of its monthly purchasing managers' index r...
Stocks sink as DuPont, Xerox, 3M scare investors
2012-10-24 03:06:29 UTC
NEW YORK (AP) — Nobody was expecting this round of corporate financial reports to be great. But underwhelming results — particularly revenue, which offers a read on the economy — are still rattling investors.
The Dow Jones industrial average pl...
Facebook 3Q results show mobile ad growth
2012-10-24 03:02:28 UTC
NEW YORK (AP) — Facebook finally has proof that it can make money from mobile advertising.
As part of Tuesday's third-quarter results, the world's biggest social media company disclosed for the first time that some 14 percent of its ad revenue ...
Retirement worries grow; 30-somethings most uneasy
2012-10-23 07:52:57 UTC
WASHINGTON (AP) — Younger Americans in their late 30s are now the group most likely to doubt they will be financially secure after retirement, a major shift from three years ago when baby boomers nearing retirement age expressed the greatest worry...