Top News

  • Asia stocks mixed ahead of US vote, China congress
    Untitled 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
    Diaalnews 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?
    39f6b29733050e1f200f6a7067002d1f 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
    11031058-large 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
    381dc014ff03db1e1f0f6a706700e5dd 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
    Sandy-grounds-northeast-air-travel 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
    1663cbbf96d6761e1f0f6a706700b6de 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
    0521-mark-zuckerberg-facebook-1 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
    Diaalnews 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
    Diaalnews 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
    House 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. The Standard...
  • Wall Street still dark, exchanges test systems
    Diaalnews 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
    Superstormconn-2 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
    Data 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
    Diaalnews 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
    Diaalnews 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
    43614d9f1685001e1f0f6a706700d59e 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
    5022e20a9fd99.preview-620 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
    Diaalnews 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
    Bc85a92a0d2747191a0f6a7067000c7f 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
    11031058-large 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
    Hong_cong 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
    2df9cbafe2a8ce1d1e0f6a706700d288 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
    Ef606170e425d51d1e0f6a706700b959 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
    Diaalnews 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...