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News Corp. OKs poison pill, buyback before split
News Corp. OKs poison pill, buyback before split
News Corp. says its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies.More >>
News Corp. said its board of directors has approved plans to split its entertainment and publishing businesses into two separate companies. The company also adopted a shareholder-rights plan designed to prevent a hostile...More >>
FDA warns of infections tied to Tennessee pharmacy
FDA warns of infections tied to Tennessee pharmacy
Government health officials are investigating several health problems reported with potentially contaminated medications made by a Tennessee specialty pharmacy.More >>
Health officials are investigating cases involving patients who suffered complications after being injected with potentially contaminated medications made by a Tennessee specialty pharmacy.More >>
Barrick fined $16m for Pascua-Lama violations
Barrick fined $16m for Pascua-Lama violations
Chile's environmental regulator has stopped construction and imposed sanctions on Barrick Gold Corp.'s $8.5 billion Pascua-Lama project, citing "serious violations" of its environmental permit.More >>
Chile's environmental regulator blocked Barrick Gold Corp.'s $8.5 billion Pascua-Lama project on Friday and imposed its maximum fine on the world's largest gold miner, citing "very serious" violations of its...More >>
Schumer urges look at security in Sprint deal
Schumer urges look at security in Sprint deal
Sen. Charles Schumer is urging regulators to "use extreme caution" when reviewing the proposed acquisition of No. 3 cell carrier Sprint Nextel by Japan's Softbank. The Japanese company uses Chinese networking...More >>
Sen. Charles Schumer urged regulators to "use extreme caution" when reviewing the proposed acquisition of No. 3 cell carrier Sprint Nextel by Japan's Softbank, saying the Japanese company's use of Chinese networking...More >>
Stocks barely budge; market ends week with loss
Stocks barely budge; market ends week with loss
The stock market is heading lower in early trading, putting it on track for its first weekly loss in a month.More >>
Major stock indexes closed out their first weekly loss in a month in quiet trading Friday.More >>
Netflix looks to hook subscribers with 'Arrested'
Netflix looks to hook subscribers with 'Arrested'
Netflix is hoping this weekend's release of the resurrected TV series "Arrested Development" will lock up more subscribers to its Internet video service.More >>
Netflix is hoping this weekend's release of the resurrected TV series "Arrested Development" will draw more subscribers to its Internet video service.More >>
Delta ups the ante in battle for NY travel market
Delta ups the ante in battle for NY travel market
Delta Air Lines is opening a $1.4 billion terminal at John F. Kennedy International Airport, strengthening its hand in the battle for the lucrative New York travel market.More >>
Delta's formula for winning over New York travelers is simple: floor-to-ceiling windows, abundant power outlets and a burger joint with a cult-like following.More >>
Stocks fade, post first weekly loss in a month
Stocks fade, post first weekly loss in a month
Stocks prices are closing mostly lower on Wall Street, giving the market its first weekly loss in a month.More >>
Stocks prices are closing mostly lower on Wall Street, giving the market its first weekly loss in a month.More >>
Oil ends week down 2 pct on tepid demand outlook
Oil ends week down 2 pct on tepid demand outlook
The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand.More >>
The price of oil fell 2 percent this week, as oil traders worried about global demand and shared the stock market's concerns about possible changes to the Federal Reserve economic stimulus program.More >>
Venezuela to create new workers militia
Venezuela to create new workers militia
Venezuela's president has ordered the creation of a new workers' militia as part of an existing pro-government fighting force.More >>
Venezuela's president has ordered the creation of a new workers' militia to defend the country's "Bolivarian revolution" at a time when the government faces economic problems and political turmoil.More >>
Q&A: On Turkey's proposed alcohol restrictions
Q&A: On Turkey's proposed alcohol restrictions
A look at legislation passed in Turkey's parliament early Friday that would ban all alcohol advertising and tighten restrictions on the sale of such beverages, and how such a law could affect tourists and...More >>
A look at legislation passed in Turkey's parliament early Friday that would ban all alcohol advertising and tighten restrictions on the sale of such beverages, and how such a law could affect tourists and liquor...More >>
World stocks lower after big sell-off
World stocks lower after big sell-off
Asian stocks continued to retreat Friday after being routed the day before by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus.More >>
World stocks edged lower on Friday, a day after markets around the world dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary stimulus.More >>
China, Switzerland to seal free trade deal
China, Switzerland to seal free trade deal
Chinese Premier Li Keqiang is in Switzerland to sign a free trade pact with the Alpine nation - the first comprehensive agreement the country has reached with a major western economy.More >>
Chinese Premier Li Keqiang is in Switzerland to seal a free trade pact with the Alpine nation - the first comprehensive agreement his country has reached with a major western economy.More >>
Slovenia adopts debt cap to stave off crisis
Slovenia adopts debt cap to stave off crisis
Slovenia's parliament has adopted a cap on public spending to try to convince investors that it will be able to avoid needing an international bailout.More >>
Slovenia's parliament on Friday adopted a cap on public spending to try to convince foreign investors that the small eurozone country will not need an international bailout.More >>
China gives US regulators access to audit records
China gives US regulators access to audit records
China has agreed to give U.S. regulators access to audit records for Chinese companies whose shares trade on U.S. stock exchanges, a step forward in a long-running dispute.More >>
China has agreed to give U.S. regulators access to audit records for Chinese companies whose shares trade on U.S. stock exchanges, a step forward in a long-running dispute.More >>
Stocks open lower, market headed for a weekly loss
Stocks open lower, market headed for a weekly loss
Stocks are opening lower on Wall Street, putting the market on track for its first weekly loss after four weeks of gains.More >>
Stocks are opening lower on Wall Street, putting the market on track for its first weekly loss after four weeks of gains.More >>
US durable goods orders rise 3.3 percent in April
US durable goods orders rise 3.3 percent in April
U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for military and civilian aircraft and an increase in business investment.More >>
U.S. orders for long-lasting manufactured goods rebounded in April, buoyed by more demand for aircraft and stronger business investment. The gains suggest economic growth may be holding steady this spring.More >>
Some unions now angry about health care overhaul
Some unions now angry about health care overhaul
When President Barack Obama pushed his health care overhaul plan through Congress, he counted labor unions among his strongest supporters.More >>
When President Barack Obama pushed his health care overhaul plan through Congress, he counted labor unions among his strongest supporters.More >>
France won't force companies to cap executive pay
France won't force companies to cap executive pay
France's finance minister says the government is no longer planning to cap executives' salaries in the private sector, amid concerns it is antagonizing the big businesses needed to reinvigorate the economy.More >>
The French government is trying to woo executives and entrepreneurs, amid concerns that it has antagonized the businesses needed to reinvigorate the economy.More >>
Futures slide; markets appear headed for down week
Futures slide; markets appear headed for down week
Stock futures are sinking and it appears major U.S. indexes are heading for a down week roiled by corporate earnings, good and bad, and confusion about what the Fed will do next.More >>
Stock futures are sinking and it appears major U.S. indexes are heading for a down week roiled by corporate earnings, good and bad, and confusion about what the Fed will do next.More >>
Oil falls below $94 on weak outlook for demand
Oil falls below $94 on weak outlook for demand
The price of oil was knocked lower Friday by a combination of ample supplies and lukewarm demand.More >>
By PABLO GORONDI Associated Press The price of oil was knocked below $94 a barrel Friday by a combination of ample supplies and lukewarm demand.More >>
Procter & Gamble brings back A.G. Lafley as CEO
Procter & Gamble brings back A.G. Lafley as CEO
Household products giant Procter & Gamble Co. is hoping its former CEO can work his magic once again.More >>
Household products giant Procter & Gamble Co. is hoping its former CEO can work his magic once again.More >>
Top Swiss negotiator in tax disputes steps down
Top Swiss negotiator in tax disputes steps down
Switzerland's top negotiator in talks to resolve disputes over tax evasion with Europe and the U.S. is stepping down.More >>
Switzerland's top negotiator in talks to resolve disputes over tax evasion with Europe and the U.S. is stepping down.More >>
German business confidence unexpectedly rebounds
German business confidence unexpectedly rebounds
A survey is showing a significant rise in German consumer confidence as people's expectations for the economy and for their own income improve.More >>
German business confidence rebounded this month in an unexpectedly strong showing that sends a hopeful signal for more robust growth in Europe's biggest economy, a closely watched survey found Friday.More >>
Turkey passes bill restricting alcohol sales, ads
Turkey passes bill restricting alcohol sales, ads
Turkey's parliament has passed legislation to ban all advertising of alcohol and tighten restrictions on sales in the mainly Muslim but secular country.More >>
Turkey's parliament has passed legislation to ban all advertising of alcohol and tighten restrictions on sales in the mainly Muslim but secular country.More >>
Japan's PM Abe defends policies as markets settle
Japan's PM Abe defends policies as markets settle
Japan's top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe, though the central bank chief acknowledged a need for better communication with financial markets, a day after...More >>
Japan's top leaders are defending the economic strategies championed by Prime Minister Shinzo Abe, though the central bank chief acknowledged a need for better communication with financial markets, a day after Tokyo...More >>
Study: No higher cancer rate at Conn. Pratt plants
Study: No higher cancer rate at Conn. Pratt plants
Researchers examining the incidence of brain cancer at jet engine manufacturer Pratt & Whitney in Connecticut say they have found no statistically significant elevations in the rate of cancer among workers.More >>
An 11-year study of the incidence of brain cancer at jet engine manufacturer Pratt & Whitney in the state ended Thursday with university researchers saying they found no statistically significant elevations in the rate...More >>
NJ: Caramel-colored rubbing alcohol sold as scotch
NJ: Caramel-colored rubbing alcohol sold as scotch
A New Jersey company that operates 13 TGI Fridays restaurants accused of secretly replacing premium liquor with low-quality booze says it's shocked at the allegations.More >>
At one bar, a mixture that included rubbing alcohol and caramel coloring was sold as scotch. In another, premium liquor bottles were refilled with water - and apparently not even clean water at that.More >>
Asia stock markets edge up after big sell-off
Asia stock markets edge up after big sell-off
Asian stock markets slid Thursday, pulled down by a contraction in China's manufacturing that adds to signs that the shaky recovery in the world's No. 2 economy is slowing.More >>
Asian stock markets staged a mild recovery Friday, a day after being routed by unexpectedly weak Chinese manufacturing and fears the Federal Reserve will start withdrawing its monetary stimulus.More >>
Procter & Gamble brings back A.G. Lafley as CEO
Procter & Gamble brings back A.G. Lafley as CEO
Procter & Gamble says it is replacing CEO Bob McDonald with former CEO A.G. Lafley, effective immediately.More >>
Procter & Gamble Co. is bringing back its former CEO, as the world's largest consumer-products maker tries to spur global growth.More >>
Sears reports bigger-than-expected 1Q loss
Sears reports bigger-than-expected 1Q loss
Sears Holdings Corp. reported a steeper-than-expected loss for its first quarter as the beleaguered retailer struggles to turn itself around.More >>
It was another ugly quarter for Sears Holdings Corp.More >>
87-year-old woman loses to Trump in civil case
87-year-old woman loses to Trump in civil case
Jurors have sided with billionaire Donald Trump and against an 87-year-old grandmother who took him to court alleging that the "Apprentice" star cheated her in a skyscraper condo deal.More >>
An 87-year-old grandmother took on billionaire Donald Trump. And on Thursday, she lost.More >>
6 tips on managing your 401(k) plan effectively
6 tips on managing your 401(k) plan effectively
By ALEX VEIGA AP Business Writer The run-up in stock prices this year could tempt even the most hands-off investor to wade into their 401(k) and make some changes.More >>
By ALEX VEIGA AP Business Writer The run-up in stock prices this year could tempt even the most hands-off investor to wade into their 401(k) and make some changes.More >>
Hobby Lobby tests birth-control coverage mandate
Hobby Lobby tests birth-control coverage mandate
Contraception coverage by for-profit companies faces a prominent test in Denver.More >>
In the most prominent challenge of its kind, Hobby Lobby Stores Inc. asked a federal appeals court Thursday for an exemption from part of the federal health care law that requires it to offer employees health coverage that...More >>
New rules for labeling meat go into effect in US
New rules for labeling meat go into effect in US
Shoppers in the U.S. will soon have more information about where their meat comes from after new federal labeling rules went into effect Thursday.More >>
Shoppers in the U.S. will soon have more information about where their meat comes from after new federal labeling rules went into effect Thursday.More >>
Tea party vs. old guard in GOP Senate rift
Tea party vs. old guard in GOP Senate rift
A long-simmering feud between establishment Republicans and tea partyers is in full view again with Sen. John McCain accusing younger colleagues of using tactics that might tempt Democrats to change Senate rules that...More >>
A long-simmering feud between establishment Republicans and tea partyers broke into full view Thursday, with Sen. John McCain accusing younger colleagues of overplaying their hands and tempting Democrats to change Senate...More >>
Gap back in style as 1Q profit jumps 43 percent
Gap back in style as 1Q profit jumps 43 percent
After years of struggling, Gap is back in style.More >>
After years of struggle, Gap is back in style.More >>
Ralph Lauren's 4Q profit rises 35 pct
Ralph Lauren's 4Q profit rises 35 pct
Ralph Lauren Corp. is reporting a 35 percent increase in fourth-quarter profit, but economic challenges here and abroad and certain strategic initiatives cut into sales.More >>
Ralph Lauren Corp. reported a 35 percent increase in fourth-quarter profit as the luxury retailer benefited from lower cotton prices and cost controls.More >>
Stocks edge lower as investors reassess Fed fears
Stocks edge lower as investors reassess Fed fears
Stocks fell in early trading, extending a sell-off that began Wednesday afternoon, after Chinese manufacturing unexpectedly contracted and on concern that the Federal Reserve may ease back on its stimulus program.More >>
Investors recovered their poise after a shaky start to trading on Wall Street that sent stocks sharply lower.More >>
Senate votes to cut crop insurance aid for wealthy
Senate votes to cut crop insurance aid for wealthy
The Senate on Thursday voted to limit the amount of government subsidies the wealthiest farmers receive when purchasing crop insurance.More >>
The Senate on Thursday voted to limit the amount of government subsidies the wealthiest farmers receive when purchasing crop insurance.More >>
House backs variable rate student loans
House backs variable rate student loans
House lawmakers are ready to pass legislation that links student loan rates to the financial markets in spite of a veto threat from President Barack Obama.More >>
Dismissing a veto threat from President Barack Obama, lawmakers in the House passed legislation that links student loan rates to the ups and downs of the financial markets in a vote largely along party lines.More >>
ECB official: New bank authority 'indispensable'
ECB official: New bank authority 'indispensable'
A top European Central Bank official says an agency with powers to restructure and wind down busted banks is "indispensable" to strengthening the continent's banking system against future turmoil.More >>
European Central Bank President Mario Draghi said it was "imperative" that Europe's leaders create a new agency with powers to restructure busted banks in order to help the region leave its economic and financial crisis...More >>
Wyden: FracFocus a 'constructive' tool on drilling
Wyden: FracFocus a 'constructive' tool on drilling
The chairman of the Senate Energy Committee says a website partially funded by the oil and gas industry is a constructive tool that could be used by federal regulators in requiring public disclosure of the chemicals...More >>
A website partially funded by the oil and gas industry could be a "constructive" tool for federal regulators as they consider requiring public disclosure of chemicals used in hydraulic fracturing operations, Senate Energy...More >>
House immigration group resolves dispute
House immigration group resolves dispute
The Republican leaders of the House of Representatives are pledging to act to fix the nation's immigration system but making clear that they will not simply accept legislation passed by the Senate.More >>
House members writing a bipartisan immigration bill said Thursday they had patched over a dispute that threatened their efforts, even as they and the rest of Congress prepared to return home for a weeklong recess where many...More >>
Smooth confirmation hearing for Pritzker
Smooth confirmation hearing for Pritzker
President Barack Obama's nominee for secretary of commerce is facing scrutiny in the Senate for her ties to a subprime mortgage lender that failed in 2001 and as a beneficiary of family offshore trusts in the...More >>
President Barack Obama's nominee for commerce secretary was questioned briefly about her ties to a subprime mortgage lender that failed in 2001 and her role as a beneficiary of family offshore trusts in the Bahamas, but...More >>
Stocks end lower as investors reassess Fed worries
Stocks end lower as investors reassess Fed worries
Stocks are ending the day slightly lower after recouping a big loss early on.More >>
Stocks are ending the day slightly lower after recouping a big loss early on.More >>
Big stores nix credit card settlement, file suit
Big stores nix credit card settlement, file suit
Some of the country's largest retailers, including Target Corp. and Macy's Inc., are suing MasterCard and Visa, rejecting a settlement over alleged fee-fixing.More >>
Some of the country's largest retailers, including Target Corp. and Macy's Inc., on Thursday filed a lawsuit against MasterCard and Visa, rejecting a settlement reached last year over alleged fee-fixing.More >>
IMF chief Lagarde in court in fraud probe
IMF chief Lagarde in court in fraud probe
International Monetary Fund chief Christine Lagarde has appeared at a special Paris court to face questioning over a controversial arbitrage deal that she oversaw as French finance minister.More >>
International Monetary Fund chief Christine Lagarde faced hours of questioning at a special Paris court Thursday over her role in the 400 million euro ($520 million) pay-off to a controversial businessman when she was...More >>
Appellate court: Berlusconi ran illegal scheme
Appellate court: Berlusconi ran illegal scheme
A Milan appeals court has explained why it upheld Silvia Berlusconi's tax fraud conviction, saying the politician illegally purchased the rights to broadcast U.S. movies on his private TV network, then falsely...More >>
Former Italian Premier Silvio Berlusconi on Thursday called "surreal" the judicial reasoning behind an appellate court's decision to uphold his guilty verdict and four-year jail term in a tax fraud case.More >>
Oil tracks gains in stocks, erases early losses
Oil tracks gains in stocks, erases early losses
The price of oil fell Thursday as weak manufacturing data from China raised questions about the strength of oil demand in the world's No. 2 economy.More >>
An afternoon recovery in U.S. stock markets helped oil reverse early losses Thursday.More >>
Shareholder adviser firm paying $300,000 fine
Shareholder adviser firm paying $300,000 fine
A well-known firm that advises big shareholders on how to vote in elections for company directors is paying a $300,000 fine to settle federal civil charges of failing to protect clients' confidential voting...More >>
A prominent firm in the business of advising big shareholders on how to vote in elections for company directors is paying a $300,000 fine to settle federal civil charges of failing to protect clients' confidential voting...More >>
Kerry Kennedy, farmworker protest Wendy's in NYC
Kerry Kennedy, farmworker protest Wendy's in NYC
Kerry Kennedy has joined farmworkers protesting outside Wendy's shareholder meeting in New York City.More >>
Kerry Kennedy has joined farmworkers protesting outside Wendy's shareholder meeting in New York City.More >>
US rate on 30-year mortgages rises to 3.59 pct.
US rate on 30-year mortgages rises to 3.59 pct.
Average rates on fixed mortgage rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing...More >>
Average rates on fixed mortgages rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery.More >>
Turkey debates alcohol sales and ad restrictions
Turkey debates alcohol sales and ad restrictions
Turkish lawmakers on Thursday began debating a bill that bans all alcohol advertising and tightens restrictions on sales of such beverages - a proposal the government insists is aimed at protecting the young from the...More >>
Turkish lawmakers on Thursday began debating a bill that bans all alcohol advertising and tightens restrictions on sales of such beverages - a proposal the government insists is aimed at protecting the young from the ills of...More >>
Between economy and trouble, Obama approval steady
Between economy and trouble, Obama approval steady
The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way.More >>
The economy is recovering, the White House is dealing with multiple controversies, and President Barack Obama appears generally unaffected either way.More >>
La Scala scales back on productions due to crisis
La Scala scales back on productions due to crisis
La Scala's manager says the 2013-14 season will have three fewer operas than usual due to the economic crisis.More >>
La Scala has reduced the number of operas it will stage during the 2013-14 season due to Italy's economic crisis, the theater's general manager said Thursday.More >>
US new home sales up 2.3 percent in April
US new home sales up 2.3 percent in April
Sales of new homes rose in April to the second highest level since the summer of 2008 while the median price for a new home hit a record high, further signs that housing is recovering.More >>
U.S. sales of new homes rose in April and nearly matched the fastest pace in five years, driving the median price to a record high. The gains suggest the housing recovery is strengthening.More >>
US stock market recovers most of an early loss
US stock market recovers most of an early loss
Stock prices are slightly lower at midday on Wall Street after manufacturing contracted unexpectedly in China this month.More >>
Stock prices are slightly lower at midday on Wall Street after manufacturing contracted unexpectedly in China this month.More >>
Sales gains lift Dollar Tree's 1Q profit 15 pct
Sales gains lift Dollar Tree's 1Q profit 15 pct
Discount retailer Dollar Tree Inc. said Thursday that its net income increased 15 percent in the first quarter as consumers spent more at its stores, which sell goods for $1 or less.More >>
Discount retailer Dollar Tree Inc. said Thursday that its net income increased 15 percent in the first quarter as consumers spent more at its stores, which sell goods for $1 or less.More >>
Applications for US unemployment aid fall to 340K
Applications for US unemployment aid fall to 340K
The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth.More >>
The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth.More >>
EU performs abrupt U-turn on olive oil regulation
EU performs abrupt U-turn on olive oil regulation
The EU has something important to say about its proposal to regulate olive oil on restaurant tables: Uh, never mind.More >>
The EU has something important to say about its proposal to regulate olive oil on restaurant tables: Uh, never mind.More >>
Stock slump continues on Wall Street
Stock slump continues on Wall Street
A global stock market slump is continuing on Wall Street as traders worry about how committed the Federal Reserve remains to keeping up its bond-buying program.More >>
A global stock market slump is continuing on Wall Street as traders worry about how committed the Federal Reserve remains to keeping up its bond-buying program.More >>
Applications for US unemployment aid fall to 340K
Applications for US unemployment aid fall to 340K
The number of Americans applying for unemployment benefits fell by 23,000 last week, further evidence that the job market is slowly returning to health.More >>
The number of Americans applying for unemployment benefits fell 23,000 last week to a seasonally adjusted 340,000, a level consistent with solid job growth.More >>
US equities sell-off goes on; futures slump
US equities sell-off goes on; futures slump
The momentum of a late sell-off on Wall Street is carrying through for a second day, with U.S. futures and global stock markets in retreat.More >>
The momentum of a late sell-off on Wall Street carried over into a second day, sending U.S. futures and global stock markets into retreat.More >>
Oil down to near $93 on Chinese recovery concerns
Oil down to near $93 on Chinese recovery concerns
The price of oil fell below $94 per barrel Thursday after a private survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the recovery in the world's No. 2 economy...More >>
By PABLO GORONDI Associated Press The price of oil fell to near $93 a barrel on Thursday after a survey showed manufacturing activity in China falling to its lowest level in seven months, a sign that the...More >>
Japan gyrations underline economy's vulnerability
Japan gyrations underline economy's vulnerability
Yields on 10-year Japanese government bonds briefly topped 1 percent for the first time in a year on Thursday, unnerving some investors at a time when Japan's already overburdened government finances are...More >>
Japan's financial markets gyrated wildly Thursday, underscoring the vulnerability of its economy to a loss of investor confidence as Prime Minister Shinzo Abe attempts shock monetary easing to end two decades of...More >>
Stricken Japan nuke plant struggles to keep staff
Stricken Japan nuke plant struggles to keep staff
Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that...More >>
Keeping the meltdown-stricken Fukushima nuclear plant in northeastern Japan in stable condition requires a cast of thousands. Increasingly the plant's operator is struggling to find enough workers, a trend that many...More >>
Bangladesh: Owners' many failings led to collapse
Bangladesh: Owners' many failings led to collapse
The defects and errors that led to the world's deadliest garment-industry accident extend from the swampy ground the doomed Rana Plaza was built on, to "extremely poor quality" construction materials, to the...More >>
The defects and errors that led to the world's deadliest garment-industry accident extend from the swampy ground the doomed Rana Plaza was built on, to "extremely poor quality" construction materials, to the massive,...More >>
Lenovo says quarterly profit up 90 percent
Lenovo says quarterly profit up 90 percent
Computer maker Lenovo Group said Thursday its latest quarterly profit rose 90 percent as sales of smartphones and mobile computing technology expanded.More >>
Computer maker Lenovo Group said Thursday its latest quarterly profit rose 90 percent as sales of smartphones and mobile computing technology expanded.More >>
Building materials blamed in Bangladesh disaster
Building materials blamed in Bangladesh disaster
A government investigation says poor quality construction materials and building code violations contributed to the collapse of building housing garment factories last month in Bangladesh.More >>
A government investigation found that "extremely" poor quality construction materials and a series of violations caused the collapse of a garment factory building in Bangladesh that has been called the worst garment-industry...More >>
Survey shows China manufacturing contracting
Survey shows China manufacturing contracting
A survey shows China's manufacturing contracted this month, adding to signs a fragile economic recovery is slowing.More >>
A survey shows China's manufacturing contracted this month, adding to signs a fragile recovery in the world's No. 2 economy is slowing.More >>
Urban renewal? Big US cities showing strong growth
Urban renewal? Big US cities showing strong growth
Urban renewal? New census estimates show that most of the nation's largest cities further enhanced their allure last year, posting strong population growth for a second straight year.More >>
Urban renewal? New census estimates show that most of the nation's largest cities further enhanced their allure last year, posting strong population growth for a second straight year.More >>
Ford to end auto production in Australia in 2016
Ford to end auto production in Australia in 2016
Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales.More >>
Ford Motor Co. said Thursday it will close its two Australian auto plants, ending production in the country in 2016, amid soaring manufacturing costs and plummeting sales.More >>
Asia stocks down as China factory output slips
Asia stocks down as China factory output slips
Asian stock markets were mostly higher Wednesday after investor confidence was boosted by a Federal Reserve official's comments that the U.S. central bank should stick with its super-easy monetary policy.More >>
Asian stock markets fell Thursday, weighed down by a contraction in China's manufacturing that adds to signs a shaky recovery in the world's No. 2 economy is slowing.More >>
Am. Samoa to keep flier miles of govt travelers
Am. Samoa to keep flier miles of govt travelers
American Samoa plans to take away frequent flier miles from government workers who travel on behalf of the U.S. territory.More >>
American Samoa plans to take away frequent flier miles from government workers who travel on behalf of the U.S. territory and use the loyalty points to help medical patients and students travel off the islands when necessary.More >>
Talk of lies, pride as Trump case goes to jury
Talk of lies, pride as Trump case goes to jury
An attorney for an 87-year-old grandmother who accuses Donald Trump of cheating her in a condo deal has told jurors the "Apprentice" star lied on the witness stand.More >>
The lawyer for an 87-year-old woman who accuses Donald Trump of cheating her in a skyscraper condo deal told jurors in Chicago on Wednesday that he was personally repulsed because he felt the "Apprentice" star conned his...More >>
Broke no laws, IRS official says _ then takes 5th
Broke no laws, IRS official says _ then takes 5th
A House committee taking Congress' latest look at the Internal Revenue Service's mistreatment of tea party groups will apparently have to do so without input from the star witness.More >>
At the center of a political storm, an Internal Revenue Service supervisor whose agents targeted conservative groups swore Wednesday she did nothing wrong, broke no laws and never lied to Congress. Then she refused to answer...More >>
House passes GOP bill to speed pipeline approval
House passes GOP bill to speed pipeline approval
The House has taken up a Republican-sponsored bill that would speed approval of the proposed Keystone XL oil pipeline from Canada to Texas.More >>
House Republicans pushed through a bill Wednesday to bypass the president to speed approval of the Keystone XL oil pipeline from Canada to Texas. Democrats criticized the legislation as a blatant attempt to allow a foreign...More >>
HP's 2Q offers hope even as revenue slump deepens
HP's 2Q offers hope even as revenue slump deepens
Hewlett-Packard's slump is deepening as the world's largest personal computer maker scrambles to meet the growing demand for more versatile and less expensive mobile devices.More >>
Hewlett-Packard is still scrambling to meet the growing demand for more versatile and less expensive mobile devices as a slump in its personal computer sales deepens, but the company's cost-cutting measures and focus on...More >>
Union power at issue as Garcetti elected LA mayor
Union power at issue as Garcetti elected LA mayor
Councilman Eric Garcetti, who jammed with pop star Moby and fashioned himself as a voice for a new generation of city leaders, has opened a growing lead in the race for Los Angeles mayor with the pool of uncounted...More >>
The incoming mayor of Los Angeles was able to defeat a fellow Democrat by depicting her as a pawn of utility union bosses in a city long friendly to labor, an outcome expected to echo beyond California as unions nationwide...More >>
Tesla uses stock, note sale to repay government
Tesla uses stock, note sale to repay government
Electric car maker Tesla Motors says it has repaid a loan from the U.S. government nine years early.More >>
Tesla Motors, which makes a highly acclaimed $70,000 electric car, has paid off a startup loan from the U.S. government nine years early.More >>
Stocks fall on news Fed weighed cutting stimulus
Stocks fall on news Fed weighed cutting stimulus
Stocks are moving higher Wednesday morning after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its massive economic stimulus programs.More >>
The Federal Reserve took financial markets for a ride Wednesday, pushing stock prices up in the morning then sending them down in the afternoon.More >>
Senate rejects bid to let states run food stamps
Senate rejects bid to let states run food stamps
The Senate has rejected a Republican amendment to turn the federal food stamp program over to the states.More >>
The Senate on Wednesday rejected a Republican bid to turn the federal food stamp program over to the states.More >>
FDA panel backs experimental Merck insomnia drug
FDA panel backs experimental Merck insomnia drug
A federal panel of medical experts says that an experimental insomnia drug from Merck & Co Inc. appears safe and effective, despite evidence from company trials that the pill can cause daytime sleepiness and...More >>
A federal panel of medical experts said that an experimental insomnia drug from Merck & Co. Inc. appears safe and effective, despite evidence from company trials that the pill can cause daytime sleepiness and difficulty...More >>
Key House chairman slams Senate immigration bill
Key House chairman slams Senate immigration bill
A far-reaching bill to remake the nation's troubled immigration system is headed to the full Senate after approval by the Senate Judiciary Committee.More >>
A key House committee chairman on Wednesday sharply criticized a wide-ranging immigration bill just passed by a Senate committee, underscoring the difficulties ahead as the politically volatile measure moves forward in a...More >>
Senators warm to transportation nominee
Senators warm to transportation nominee
President Barack Obama's nominee for transportation secretary is getting a friendly reception from senators of both parties laced with warnings that the nation needs to make a host of transportation improvements...More >>
President Barack Obama's nominee for transportation secretary - Charlotte Mayor Anthony Foxx - received a friendly reception from senators of both parties Wednesday laced with warnings that the nation needs to make a...More >>
House committee passes Iran sanctions legislation
House committee passes Iran sanctions legislation
A new push to thwart Iran's nuclear ambitions by crippling the country's economy is gathering momentum on Capitol Hill.More >>
A new push to thwart Iran's nuclear ambitions by crippling the country's economy gathered momentum on Capitol Hill Wednesday with approval of legislation by the House Foreign Affairs Committee that would impose even...More >>
Target's 1Q profit drops 29 pct on weak sales
Target's 1Q profit drops 29 pct on weak sales
Target Corp. is reporting a 26 percent drop in first-quarter profits as cool temperatures and financial pressures limited customers' appetite for spending.More >>
Target Corp. reported a 29 percent drop in first-quarter profit as unusually cool spring weather and financial pressures chilled customers' appetite for spending.More >>
Lowe's 1Q profit rises, but results miss Street
Lowe's 1Q profit rises, but results miss Street
Lowe's first-quarter net income rose almost 3 percent, even as a wet and cool spring dampened sales of gardening products.More >>
Lowe's said Wednesday that its first-quarter net income rose nearly 3 percent, but results fell short of expectations as rainy weather hurt spring gardening sales.More >>
A divided Fed wrestles with when to slow bond buys
A divided Fed wrestles with when to slow bond buys
The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy.More >>
The Federal Reserve is torn over when to slow its aggressive efforts to stimulate the economy.More >>
Vatican releases 1st report of financial watchdog
Vatican releases 1st report of financial watchdog
The Vatican has taken another step in trying to show greater financial transparency by publishing a first annual report from its new financial watchdog agency.More >>
The Vatican took another step Wednesday to show greater financial transparency by publishing the first annual report from its financial watchdog agency and announcing new regulations to fight money laundering and terror...More >>
Stocks fall on news Fed weighed cutting stimulus
Stocks fall on news Fed weighed cutting stimulus
Stocks are closing lower on news that several Federal Reserve policymakers favored cutting back on stimulus programs as early as June if the economy continues to improve.More >>
Stocks are closing lower on news that several Federal Reserve policymakers favored cutting back on stimulus programs as early as June if the economy continues to improve.More >>
Palestinians have little faith in Kerry effort
Palestinians have little faith in Kerry effort
Palestinians believe the U.S. effort to restart peace talks is doomed, and they're preparing instead to resume their campaign of seeking membership in key international organizations as soon as next month,...More >>
Palestinians believe the U.S. effort to restart peace talks is doomed, and they're preparing instead to resume their campaign of seeking membership in key international organizations as soon as next month, officials told...More >>
Trial for captain in deadly shipwreck in Italy
Trial for captain in deadly shipwreck in Italy
A judge in Italy has ordered the captain of the Costa Concordia to stand trial in the shipwreck of the cruise liner, which struck a reef off Tuscany last year, killing 32 people.More >>
An Italian judge has ordered the captain of the Costa Concordia cruise ship to stand trial for manslaughter in the vessel's shipwreck off the coast of Tuscany, which killed 32 people.More >>
Fiat Industrial aims to shift tax home to Britain
Fiat Industrial aims to shift tax home to Britain
Fiat Industrial disputed as "absolutely false" reports Wednesday that Italy would lose 500 million euros ($646 million) in tax revenues if it moves its tax base to Britain after it completes a merger with its...More >>
Fiat Industrial disputed as "absolutely false" reports Wednesday that Italy would lose 500 million euros ($646 million) in tax revenues if it moves its tax base to Britain after it completes a merger with its U.S.-based...More >>
Oil falls near $94 on small drop in supplies
Oil falls near $94 on small drop in supplies
By PABLO GORONDI Associated Press The price of oil fell near $95 a barrel Wednesday as the nation's oil supply fell less than expected and demand for gasoline remained weak.More >>
By The Associated Press The price of oil fell near $94 a barrel Wednesday as the nation's oil supply fell less than expected and demand for gasoline remained weak.More >>
EU steps up fight against tax evasion by end 2013
EU steps up fight against tax evasion by end 2013
The European Union's leaders are seeking to advance their fight against tax evasion and close loopholes for large corporations' creative tax avoidance schemes.More >>
The European Union's leaders took a major step in tackling tax-dodgers Wednesday by pushing to end bank secrecy across the bloc's 27 members by the end of the year.More >>
Fed weighed slowing its pace of bond purchases
Fed weighed slowing its pace of bond purchases
Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as summer - if the economy showed strong and sustained growth. But...More >>
Several Federal Reserve policymakers this month favored slowing the Fed's efforts to maintain record-low long-term interest rates as early as June - if the economy showed strong and sustained growth. But those officials...More >>
Bernanke signals Fed to maintain stimulus efforts
Bernanke signals Fed to maintain stimulus efforts
Chairman Ben Bernanke is telling Congress that the U.S. job market remains weak and that it is too soon for the Federal Reserve to end its extraordinary stimulus programs.More >>
Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs.More >>
Global, local issues for Iran in upcoming election
Global, local issues for Iran in upcoming election
By The Associated Press Main domestic and international issues facing Iran ahead of its June 14 presidential election:More >>
By The Associated Press Main domestic and international issues facing Iran ahead of its June 14 presidential election:More >>
Fox show brings messy workplaces to television
Fox show brings messy workplaces to television
This time "you're fired" is more than a Donald Trump catchphrase. Fox is turning the firing of real people from real jobs into prime-time entertainment starting this week.More >>
This time "you're fired" is more than a Donald Trump catchphrase. Fox is turning the firing of real people from real jobs into prime-time entertainment starting this week.More >>
Fox show brings messy workplaces to television
Fox show brings messy workplaces to television
This time "you're fired" is more than a Donald Trump catchphrase. Fox is turning the firing of real people from real jobs into prime-time entertainment starting this week.More >>
This time "you're fired" is more than a Donald Trump catchphrase. Fox is turning the firing of real people from real jobs into prime-time entertainment starting this week.More >>
Judge: Hollister clothing unfriendly to disabled
Judge: Hollister clothing unfriendly to disabled
A federal judge in Denver is considering an injunction after ruling that nearly 250 Abercrombie & Fitch Co. and J.M. Hollister LLC clothing stores are unfriendly to the disabled.More >>
A federal judge in Denver is contemplating an injunction against Abercrombie & Fitch Co. and J.M. Hollister LLC after ruling earlier that nearly 250 of their clothing stores that cater to a hip, young clientele are...More >>
Weak yen a help for Japan, but headache elsewhere
Weak yen a help for Japan, but headache elsewhere
A steady decline in the yen is proving a godsend for exporters such as Toyota and has won solid support from Japan's main trading partners, who are betting the impact on their own currencies will be offset by...More >>
A steady fall in the value of the yen is proving a godsend for exporters such as Toyota. The cheaper yen is making their products more affordable overseas.More >>
Fox show brings messy workplaces to television
Fox show brings messy workplaces to television
This time "you're fired" is more than a Donald Trump catchphrase. Fox is turning the firing of real people from real jobs into prime-time entertainment starting this week.More >>
This time "you're fired" is more than a Donald Trump catchphrase. Fox is turning the firing of real people from real jobs into prime-time entertainment starting this week.More >>
North Korean leader sends special envoy to China
North Korean leader sends special envoy to China
North Korean leader Kim Jong Un dispatched a high-profile official and close confidant to China on Wednesday as Beijing faces pressure to rein in its belligerent neighbor.More >>
After months of ignoring Chinese warnings to give up nuclear weapons, North Korean leader Kim Jong Un sent a high-level confidant to Beijing on Wednesday, in a possible effort to mend strained ties with his country's...More >>
'BOOM TOWN BABY': African stock markets see gains
'BOOM TOWN BABY': African stock markets see gains
African financial analysts say the continent's economies are growing quickly and offer excellent investment opportunities.More >>
The barrage of hourly tweets sent out by Aly-Khan Satchu - East Africa's version of CNBC's Mad Money host Jim Cramer - cheers on what Satchu says is a growing sentiment among investors: If you're not investing in...More >>
Feds open special inspection into NC nuke plant
Feds open special inspection into NC nuke plant
Federal regulators said Wednesday that they are conducting a special inspection of a nuclear power plant outside North Carolina's capital city that was forced to shut down last week after operators discovered...More >>
Federal regulators said Wednesday that they are conducting a special inspection of a nuclear power plant outside North Carolina's capital city that was forced to shut down last week after operators discovered corrosion...More >>
Germans, French eye plan to create jobs for young
Germans, French eye plan to create jobs for young
Germany and France are preparing to launch a drive to combat the problem of high European youth unemployment, which officials in Berlin say will center on trying to get business involved and make better use of...More >>
Germany and France are preparing to launch a drive to combat the problem of high European youth unemployment, which officials in Berlin say will center on trying to get business involved and make better use of...More >>
Kenya's truth report: Killings, land grabs, graft
Kenya's truth report: Killings, land grabs, graft
Kenyan President Uhuru Kenyatta has received a long-awaited Truth Justice and Reconciliation Commission report whose findings show that his father, the country's first president, presided over a government...More >>
Kenya's president received a long-awaited Truth Justice and Reconciliation Commission report that names the president and his deputy as being among those suspected of planning and financing Kenya's 2007-08...More >>
Chinese premier visits Pakistan, praises ties
Chinese premier visits Pakistan, praises ties
Pakistan says it shares "identical views" on foreign policy with China, whose premier is beginning a two-day visit to Islamabad in the latest sign of the tight relationship between the two Asian powers.More >>
China's premier signed economic agreements and praised Pakistan in glowing terms as he began a two-day visit Wednesday, underscoring the importance of the longstanding alliance to the two Asian powers.More >>
IMF calls on Britain to do more for growth
IMF calls on Britain to do more for growth
The Bank of England's policymakers remain divided on whether to provide more stimulus to the flat-lining economy.More >>
The International Monetary Fund has called on Britain to do more to support the economic recovery, urging the government Wednesday to speed up investment in infrastructure and come up with a plan to privatize its bailed out...More >>
AAA: 31.2M drivers to take Memorial Day road trip
AAA: 31.2M drivers to take Memorial Day road trip
By SCOTT MAYEROWITZ AP Business Writer It's going to be another busy Memorial Day weekend on the nation's highways.More >>
By SCOTT MAYEROWITZ AP Business Writer It's going to be another busy Memorial Day weekend on the nation's highways.More >>
US auto factories cutting back on summer downtime
US auto factories cutting back on summer downtime
Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.More >>
The Detroit automakers are largely forgoing the traditional two-week summer break at their factories and speeding up production to meet buyers' growing demand for new cars and trucks.More >>
Iceland forms center-right govt, halts EU talks
Iceland forms center-right govt, halts EU talks
Progressive Party leader Sigmundur David Gunnlaugsson has been chosen as Iceland's new prime minister.More >>
The leader of the center-right Progressive Party was chosen as Iceland's new prime minister Wednesday and promptly announced a halt to talks with the European Union about joining the 27-nation bloc.More >>
US home sales tick up to highest in 3 ½ years
US home sales tick up to highest in 3 ½ years
Sales of previously-occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale.More >>
Sales of previously occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale.More >>
African Union celebrates 50th year
African Union celebrates 50th year
African nations this week mark the 50th year since the founding of a continentwide organization, now called the African Union, that spearheaded efforts to liberate the continent from colonial masters.More >>
African nations this week mark the 50th year since the founding of a continentwide organization that spearheaded efforts to liberate Africa from colonial masters. Now leaders want to map out the next 50 years of political...More >>
Stocks edge higher as investors watch the Fed
Stocks edge higher as investors watch the Fed
Stocks are opening slightly higher as investors watch for the latest moves from the Federal Reserve.More >>
Stocks are opening slightly higher as investors watch for the latest moves from the Federal Reserve.More >>
Richard Carrion declares IOC presidential bid
Richard Carrion declares IOC presidential bid
Richard Carrion of Puerto Rico entered the IOC presidential race Wednesday, promising to use his business experience to guide the Olympics through the world's troubled financial times and proposing to deploy IOC...More >>
Richard Carrion of Puerto Rico entered the IOC presidential race Wednesday, promising to use his business experience to guide the Olympics through the world's troubled financial times and proposing to deploy IOC staff...More >>
Oil stays near $96 before crude stocks report, Fed
Oil stays near $96 before crude stocks report, Fed
The price of oil fell Wednesday as investors waited for a report on U.S. crude stocks and the Federal Reserve's latest views on the U.S. economy.More >>
By PABLO GORONDI Associated Press The price of oil was little changed above $96 a barrel Wednesday as investors waited confirmation of a rise in U.S. crude stocks and the Federal Reserve's latest views...More >>
Futures rise; all eyes on the Fed
Futures rise; all eyes on the Fed
U.S. stock futures are rising with the nation's central bank seemingly committed to ushering along a financial rebound and the housing market nearing an important milestone.More >>
U.S. stock futures are rising with the nation's central bank seemingly committed to ushering along a financial rebound and the housing market nearing an important milestone.More >>
Sony mulls hedge fund's entertainment sale idea
Sony mulls hedge fund's entertainment sale idea
Sony's CEO Kazuo Hirai says the company's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division.More >>
Sony's CEO Kazuo Hirai says the electronics giant's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division.More >>
Kerry praises $2.1 billion Raytheon deal in Oman
Kerry praises $2.1 billion Raytheon deal in Oman
U.S. Secretary of State John Kerry is talking with officials in Oman about their plans to buy a $2.1 billion air defense system from American manufacturer Raytheon.More >>
U.S. Secretary of State John Kerry met Wednesday with officials in Oman to discuss their plans to buy a $2.1 billion air defense system from American manufacturer Raytheon.More >>
Japan's central bank says economy picking up
Japan's central bank says economy picking up
Japan's central bank says the world's third-biggest economy is "picking up" as demand recovers in other countries and remains resilient at home, though the trade deficit widened in April, for the tenth...More >>
Japan's central bank says the world's third-biggest economy is "picking up" as demand recovers in other countries and remains resilient at home, though the trade deficit widened in April, for the tenth straight month.More >>
Bernanke testimony to be studied for policy clues
Bernanke testimony to be studied for policy clues
When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper - or increase - its support for the economy.More >>
When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper - or increase - its support for the economy.More >>
North Korean leader sends 'special envoy' to China
North Korean leader sends 'special envoy' to China
North Korea says that a "special envoy" for leader Kim Jong Un has left for China.More >>
North Korean leader Kim Jong Un dispatched a high-profile official and close confidant to travel to China on Wednesday as a special envoy while Beijing is under pressure to rein in its belligerent neighbor.More >>
Apple case seen as possible spur to tax action
Apple case seen as possible spur to tax action
A Senate panel says Apple Inc. is avoiding paying billions of dollars in U.S. taxes, but the world's most valuable company says it is complying with the laws and pays "an extraordinary amount" in taxes to the...More >>
Now that tech darling Apple Inc. has been dragged front and center into the debate over the U.S. tax code, lawmakers are hoping that the spotlight on such a high-profile company could be the catalyst for Congress to take...More >>
Asia stocks rise as Fed official backs easy policy
Asia stocks rise as Fed official backs easy policy
Asian stock markets fell Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program.More >>
Asian stock markets were mostly higher Wednesday after investor confidence was boosted by a Federal Reserve official's comments that the U.S. central bank should stick with its super-easy monetary policy.More >>
Senate panel approves immigration bill
Senate panel approves immigration bill
The Senate Judiciary Committee hopes to nail down an elusive compromise on high-tech visas and may punt a controversy over gay marriage to the full Senate as it makes final drafting decisions on immigration...More >>
Far-reaching legislation that grants a chance at citizenship to millions of immigrants living illegally in the United States cleared the Senate Judiciary Committee on a solid bipartisan vote Tuesday night after supporters...More >>
Owner: Chinese boat's captain beaten by NKoreans
Owner: Chinese boat's captain beaten by NKoreans
China is urging North Korea to release a Chinese fishing boat whose owner says it was seized by gun-toting North Koreans earlier this month and held for ransom, in the latest irritant in relations between the...More >>
Gunmen wearing North Korean military uniforms released a Chinese fishing boat after holding its crew for two weeks, beating up the captain and stealing the vessel's fuel, the boat's owner said. He added that the...More >>
Japan's trade deficit hits $8.6B due to weaker yen
Japan's trade deficit hits $8.6B due to weaker yen
Japan reports its trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs.More >>
Japan's trade deficit widened to a larger-than-expected 879.9 billion yen ($8.6 billion) in April as its weakening currency accentuated surging import costs.More >>
Senate panel approves immigration bill
Senate panel approves immigration bill
Far-reaching legislation to grant a chance at citizenship to millions of immigrants living illegally in the United States cleared the Senate Judiciary Committee on a solid bipartisan vote Tuesday night after...More >>
Far-reaching legislation to grant a chance at citizenship to millions of immigrants living illegally in the United States cleared the Senate Judiciary Committee on a solid bipartisan vote Tuesday night after supporters...More >>
Microsoft touts Xbox One as all-in-1 entertainment
Microsoft touts Xbox One as all-in-1 entertainment
Will Xbox mark the spot once again for Microsoft?More >>
Microsoft thinks it has the one.More >>
Ex-Ford execs charged in Argentine torture cases
Ex-Ford execs charged in Argentine torture cases
Three former Ford Motor Co. executives have been charged with crimes against humanity in Argentina for allegedly targeting union workers for kidnapping and torture after the country's 1976 military coup.More >>
Three former Ford Motor Co. executives were charged Tuesday with crimes against humanity for allegedly targeting Argentine union workers for kidnapping and torture after the country's 1976 military coup.More >>
JPMorgan's Dimon survives shareholder referendum
JPMorgan's Dimon survives shareholder referendum
Jamie Dimon, the chairman and CEO of JPMorgan Chase, says last year's $6 billion trading loss had been expensive and "extremely embarrassing," but he also asked shareholders not to fixate on the issue.More >>
Jamie Dimon, the CEO and chairman of JPMorgan Chase, easily survived a vote Tuesday that would have called on him to give up his role as chairman of the nation's largest bank. But shareholders sent a message that the...More >>
Best Buy reports 1Q loss on restructuring costs
Best Buy reports 1Q loss on restructuring costs
Best Buy Co. is reporting a loss in its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.More >>
Best Buy Co. on Tuesday reported a loss for its fiscal first quarter as it sold its stake in Best Buy Europe and works on a turnaround plan that includes cutting costs and closing some stores.More >>
IRS official to take the 5th at House hearing
IRS official to take the 5th at House hearing
The former head of the Internal Revenue Service heads to Capitol Hill on Tuesday, giving lawmakers their first opportunity to question the man who ran the agency when agents were improperly targeting tea party groups.More >>
Summoned by Congress, a key figure in the Internal Revenue Service's targeting of conservative groups plans to invoke her constitutional right against self-incrimination and decline to testify at a congressional hearing...More >>
Housing recovery boosts Home Depot 1Q results
Housing recovery boosts Home Depot 1Q results
Even though the weather was poor, Home Depot posted an 18 percent increase in its net income for the first quarter thanks to the ongoing housing recovery.More >>
Home Depot Inc.'s first-quarter net income rose 18 percent, thanks to the ongoing housing recovery, despite a chilly and wet spring.More >>
Stocks gain on reassurance from a top Fed official
Stocks gain on reassurance from a top Fed official
Stock indexes fluctuated in early trading Tuesday as investors tried to predict the Fed's next move.More >>
Reassuring comments from a Federal Reserve official and better earnings from two big retailers helped push the stock market higher Tuesday.More >>
Key senator to let Myanmar sanctions bill lapse
Key senator to let Myanmar sanctions bill lapse
Lawmakers are asking Myanmar President Thein Sein (tane sane) to free nearly 250 political prisoners.More >>
Senate GOP leader Mitch McConnell, easing up on his long-held tough stance on Myanmar, said Tuesday he planned to allow key sanctions legislation against the Southeast Asian nation to lapse because of the country's...More >>
Senate votes to make small cut to food stamps
Senate votes to make small cut to food stamps
The Senate is debating cuts to the federally subsidized crop insurance program as it considers a massive farm bill this week.More >>
The Senate voted Tuesday to keep a $400 million annual cut - or roughly a half of 1 percent - to the food stamp program as part of a major five-year farm bill.More >>
Poll: Teens migrating to Twitter
Poll: Teens migrating to Twitter
A new poll finds that teens are sharing more about themselves on social media. They're also moving increasingly to Twitter to avoid their parents and the "oversharing" that they see on Facebook.More >>
Twitter is booming as a social media destination for teenagers who complain about too many adults and too much drama on Facebook, according to a new study published Tuesday about online behavior. It said teens are sharing...More >>
New Egypt tax law: cuts for poor, business hikes
New Egypt tax law: cuts for poor, business hikes
Egypt's president has signed a new tax law that cuts the amount paid by poorer Egyptians while increasing taxes on small and medium-sized businesses.More >>
Egypt's president signed a new tax law Tuesday that cuts the amount paid by poorer Egyptians in the latest move aimed at reforming the country's economy.More >>
Moniz: LNG exports on hold until data reviewed
Moniz: LNG exports on hold until data reviewed
Physicist Ernest Moniz has been sworn in as the nation's new energy secretary.More >>
Energy Secretary Ernest Moniz said Tuesday he will delay final decisions on about 20 applications to export liquefied natural gas until he reviews studies by the Energy Department and others on what impact the exports would...More >>
Stock indexes close higher on hopes for Fed
Stock indexes close higher on hopes for Fed
Stocks are closing higher on Wall Street as investors bank on continued support from the Federal Reserve.More >>
Stocks are closing higher on Wall Street as investors bank on continued support from the Federal Reserve.More >>
ESPN cutting workforce, 'smartly managing costs'
ESPN cutting workforce, 'smartly managing costs'
ESPN says that it is cutting its workforce.More >>
ESPN is cutting its workforce, the latest Disney division to reduce staff.More >>
Sprint boosts buyout offer for Clearwire
Sprint boosts buyout offer for Clearwire
Sprint says it has raised its buyout offer for the stake in Clearwire it does not already own by 14 percent.More >>
Sprint Nextel Corp. is offering 14 percent more than before for the stake in wireless data network operator Clearwire Corp. it does not already own, but a large shareholder said the offer was still inadequate.More >>
Sprint to listen to Dish offer
Sprint to listen to Dish offer
Wireless company Sprint Nextel Inc. says it can now let Dish Network see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan's SoftBank.More >>
Wireless company Sprint Nextel Corp. says it can now let Dish Network Corp. see its books and talk with Dish to see whether its competing offer to buy Sprint is better than its current deal with Japan's SoftBank.More >>
France: Drugmaker on trial, suspected in deaths
France: Drugmaker on trial, suspected in deaths
A French drug company and its founder are on trial on charges of misleading the public about a diabetes drug marketed as a weight loss method and suspected in hundreds of deaths.More >>
The makers of a diabetes and weight loss drug suspected in the deaths of hundreds of people went on trial Tuesday, facing charges they misled the public about the product's safety.More >>
Germany's SAP to recruit tech staff with autism
Germany's SAP to recruit tech staff with autism
German software giant SAP AG says it plans to recruit hundreds of staff with autism to make full use of their talents to process information.More >>
German software giant SAP AG said Tuesday it plans to recruit people with autism to take make full use of their talents to process information.More >>
Burberry's profit hit by perfume deal's demise
Burberry's profit hit by perfume deal's demise
British luxury brand Burberry says that the end of a perfume licensing deal depressed its bottom line, dragging net profit down 3 percent for the year ending on March 31.More >>
British luxury brand Burberry said Tuesday that rapidly improving business in developing markets was offset by the end of a perfume licensing deal, dragging net profit down 3 percent for the year.More >>
Indexes edge higher on Wall Street in midday trade
Indexes edge higher on Wall Street in midday trade
Stock indexes are edging higher in midday trading on Wall Street as investors look ahead to the Federal Reserve's next moves.More >>
Stock indexes are edging higher in midday trading on Wall Street as investors look ahead to the Federal Reserve's next moves.More >>
How the French economy compares to Germany's, UK's
How the French economy compares to Germany's, UK's
Here's how the struggling French economy stacks up compared to Germany's and Britain's.More >>
Here's how the struggling French economy stacks up compared to Germany's and Britain's:More >>
Lew: IRS actions "unacceptable and inexcusable"
Lew: IRS actions "unacceptable and inexcusable"
Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people...More >>
Treasury Secretary Jacob Lew says the Internal Revenue Service's targeting of conservative political groups was "unacceptable and inexcusable" and he has directed the agency's acting director to hold people...More >>
Does France have right plan to revive its economy?
Does France have right plan to revive its economy?
The man charged with reviving France's shrinking economy and attracting businesses to invest there is gaining a reputation for doing the opposite.More >>
The man charged with reviving France's shrinking economy and attracting businesses to invest here is gaining a reputation for doing the opposite.More >>
Indexes edge higher on Wall Street in early trade
Indexes edge higher on Wall Street in early trade
Stock indexes are edging higher in early trading on Wall Street as investors look ahead to the Federal Reserve's next moves.More >>
Stock indexes are edging higher in early trading on Wall Street as investors look ahead to the Federal Reserve's next moves.More >>
German central bank: Economy to improve 'markedly'
German central bank: Economy to improve 'markedly'
Germany's central bank says the country's economy will improve "markedly" in the second quarter - a development that could boost the struggling eurozone.More >>
Germany's central bank expects the country's economy to improve "markedly" in the second quarter - a development that could boost the wider eurozone as it struggles to get out of recession.More >>
Oil price down to near $96 as traders wait for Fed
Oil price down to near $96 as traders wait for Fed
The price of oil rose toward $97 per barrel Tuesday, but gains were checked as investors waited for the Federal Reserve's latest views on the U.S. economy.More >>
By PABLO GORONDI Associated Press The price of oil fell to near $96 per barrel Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy.More >>
Futures fall as markets await hints from Fed
Futures fall as markets await hints from Fed
U.S. stock futures are down in light trading ahead of an appearance this week by Fed Chairman Ben Bernanke before Congress.More >>
U.S. stock futures are down in light trading ahead of an appearance this week by Fed Chairman Ben Bernanke before Congress.More >>
Vodafone annual profits up 1.9 percent
Vodafone annual profits up 1.9 percent
U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations.More >>
U.K.-based mobile telecoms company Vodafone has reported a 1.9 increase in annual profits despite a slowdown in much of its European operations.More >>
British inflation eases by more than expected
British inflation eases by more than expected
Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares.More >>
Official figures show that consumer price inflation in Britain eased in April, largely on the back of lower fuel prices and airfares.More >>
China's Li seeks stronger economic ties with India
China's Li seeks stronger economic ties with India
China's new premier says he chose India as the site of his first foreign visit because cooperation between the world's two most populous nations is crucial to world stability and economic growth.More >>
Chinese Premier Li Keqiang told Indian business leaders Tuesday that developing stronger economic ties between their two nations would have huge benefits for both sides.More >>
Head of embattled G4S security force retires
Head of embattled G4S security force retires
The chief executive of security firm G4S is to retire after a tumultuous year that saw the company fail to fulfill its Olympic contract.More >>
The chief executive of security firm G4S is to retire after a tumultuous year that saw the company fail to fulfill its Olympic contract.More >>
Should we let wunderkinds drop out of high school?
Should we let wunderkinds drop out of high school?
Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to laser...More >>
Thomas Sohmers, 17, of Hudson, Mass., has been working at a research lab at the Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to laser communications...More >>
Average credit card debt, late payments fall in 1Q
Average credit card debt, late payments fall in 1Q
Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.More >>
Americans got better about paying their credit card debt on time in the first three months of the year, a period when many borrowers use income tax returns to tackle their holiday season debt.More >>
Asia stocks muted ahead of Fed meeting
Asia stocks muted ahead of Fed meeting
Evidence of a steady economic recovery in the U.S. helped push Asian stock markets higher Monday.More >>
Asian stock markets struggled to post gains Tuesday as investors waited for the U.S. Federal Reserve to telegraph what it plans to do next with its economic stimulus program.More >>
Lew taps government retiree pension fund
Lew taps government retiree pension fund
Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national...More >>
Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt.More >>
Judge tosses ex-BP executive's obstruction charge
Judge tosses ex-BP executive's obstruction charge
A federal judge on Monday dismissed one of the two counts in the indictment of a former BP executive who was charged with concealing information from Congress about the amount of oil that was leaking from the...More >>
A federal judge has dismissed a charge that is the backbone of the case against a former BP executive accused of concealing information from Congress about the amount of oil spewing in 2010 from the company's blown-out...More >>
Yahoo looks to regain its cool with Tumblr deal
Yahoo looks to regain its cool with Tumblr deal
Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.More >>
After falling woefully out of fashion, Yahoo wants to be cool again while catering to the capitalistic demands of its shareholders. That goal led CEO Marissa Mayer to make a $1.1 billion bet on online blogging forum Tumblr...More >>
Obama vows US support as Myanmar leader visits
Obama vows US support as Myanmar leader visits
Former general Thein Sein on Monday becomes the first Myanmar president to be welcomed to the White House in almost 47 years, crowning a dramatic diplomatic rehabilitation for his nation after years of...More >>
President Barack Obama on Monday told Myanmar's president during a long-awaited White House meeting that he appreciates the Asian leader's efforts to lead the country on its sometimes difficult path to democracy and...More >>
Panel: Apple uses firms outside US to avoid taxes
Panel: Apple uses firms outside US to avoid taxes
Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.More >>
Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found.More >>
Should we let wunderkinds drop out of high school?
Should we let wunderkinds drop out of high school?
It's one thing to say tech geniuses don't need degrees. After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of college.More >>
It's one thing to say tech geniuses don't need degrees. After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of college.More >>
Lease to Broadway's biggest theater sold
Lease to Broadway's biggest theater sold
Britain's biggest theater groups has reached across the Atlantic Ocean and bought Broadway's biggest theater from Live Nation Entertainment for about $60 million.More >>
Britain's biggest theater group has reached across the Atlantic Ocean and bought the lease to Broadway's largest theater from Live Nation Entertainment for about $60 million.More >>
Warren Buffett gives young entrepreneurs 10 shares
Warren Buffett gives young entrepreneurs 10 shares
Billionaire Warren Buffett is spending his day listening to business pitches from a select group of kids, but the ideas aren't likely to generate new acquisitions for Buffett's Berkshire Hathaway conglomerate.More >>
Meeting Warren Buffett was exciting, but 10-year-old Matthew Meyer said winning $5,000 and 10 shares of stock in Buffett's company made Monday the best day of his life.More >>
Actavis buying Warner Chilcott in $8.5B deal
Actavis buying Warner Chilcott in $8.5B deal
Actavis is buying Warner Chilcott in an all-stock transaction valued at about $8.5 billion which would create the third-biggest specialty pharmaceutical company in the U.S.More >>
Actavis is buying Warner Chilcott in an all-stock deal valued at about $8.5 billion that would create the third-biggest specialty pharmaceutical company in the U.S. market.More >>

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