BUSINESS NEWS
NEW YORK (AP) -- Stocks retreated from 13-month highs after a lackluster reading on consumer confidence and a report showing slower economic growth sapped the market's optimism.... Read More
WASHINGTON (AP) -- The Federal Reserve doesn't expect the recovery will be strong enough to quickly drive down the jobless rate, and acknowledged its efforts to keep the rebound going could feed a new speculative bubble.... Read More
WASHINGTON (AP) -- The apparent end of the recession and stabilizing financial markets have not cured the banking industry, as souring and past-due loans have reached the highest levels in 26 years, the Federal Deposit Insurance Corp. said Tuesday.... Read More
DETROIT (AP) -- A Swedish specialty automaker has backed out of a deal to buy Saab from General Motors Co., casting serious doubt on the future of the troubled brand.... Read More
NEW YORK (AP) -- Facebook has created a dual-class stock structure designed to give existing shareholders control over the company.... Read More
WASHINGTON (AP) -- The economy is growing modestly, with consumers too wary about spending to invigorate the recovery.... Read More
WASHINGTON (AP) -- The head of the Consumer Product Safety Commission promised swift action to get dangerous products off the market, after acknowledging Tuesday that it didn't move quickly enough on a record recall of more than 2 million cribs linked to four deaths.... Read More
Oil prices fell to around $76 a barrel Tuesday with new data showing a slow U.S. economic recovery and consumer confidence that remains lukewarm at best.... Read More
PORTLAND, Ore. (AP) -- H.J. Heinz Co.'s says its business is thriving in emerging markets but the recession continued to drag down its U.S. and European sales during the second quarter as shoppers limited spending or chose lower-priced products.... Read More
TEMPE, Ariz. (AP) -- US Airways is delaying delivery of 54 Airbus jets until at least 2013 as it tries to bolster its financial strength.... Read More
NEW YORK (AP) -- For the first time in a decade, more people paid their credit card bills on time in the third quarter this year than in the second quarter.... Read More
Economists expect the joblessness that has weighed down the nation's economic recovery will start to slowly abate in 2010, but they predict consumers will continue to keep a tight rein on spending, according to a new survey.... Read More
LONDON (AP) -- British oil exploration company Heritage Oil PLC said Monday it has agreed to sell its stakes in two Ugandan fields to Italy's Eni SpA for up to $1.5 billion.... Read More
NEW YORK (AP) -- Television retailer QVC has made aggressive plans to keep shoppers watching - instead of mall-hopping - on Black Friday, an event it has traditionally ignored.... Read More
WASHINGTON (AP) -- Sen. Charles Schumer says majority Democrats will push through a bill overhauling the health care system with or without Republican support.... Read More
PARIS (AP) -- Seventeen executives at Airbus parent company EADS went on trial Monday for allegedly making millions in profits on the back of their company's troubles with the delayed A380 superjumbo project.... Read More
LONDON (AP) -- The international economy is still fragile and vulnerable to shocks despite recent improvements in financial markets, the managing director of the International Monetary Fund said Monday.... Read More
CAMDEN, N.J. (AP) -- Campbell Soup Co., the world's largest soup maker, says its first-quarter earnings rose 17 percent even as soup sales declined.... Read More
LONDON (AP) -- Shares in British chocolate maker Cadbury PLC hit their highest level in at least five years Monday on reports that another rival, Switzerland's Nestle SA, may make a takeover bid.... Read More
ST. PETERSBURG, Russia (AP) -- A cutting-edge French warship sailed into St. Petersburg Monday to show off its capabilities to potential buyers in the Russian navy, whose pursuit of an amphibious assault capacity is frightening some neighboring countries.... Read More
WASHINGTON (AP) -- Home resales far exceeded expectations last month, surging to the highest level in 2 1/2 years as first-time buyers rushed to take advantage of an expiring tax credit.... Read More
BRUSSELS (AP) -- General Motors Co. on Monday asked European governments to help pay most of the euro3.3 billion ($4.9 billion) it needs to restructure its struggling European operations.... Read More
WEST PALM BEACH, Fla. (AP) -- The federal government said Monday that it has found a "strong association" between problematic imported Chinese drywall and corrosion of pipes and wires, a conclusion that supports complaints by thousands of homeowners over the last year.... Read More
MILWAUKEE (AP) -- Tyson Foods Inc. said it made strides in the meat business this year and predicts more improvements next year, but analysts worry the company's all-important chicken business is lagging others in the industry.... Read More
WASHINGTON (AP) -- A lot more Americans are feeling stressed out by debt this holiday season, raising the glum likelihood they'll behave like Scrooge rather than Santa.... Read More
WASHINGTON (AP) -- Failure is not an option on health care, a leading Democratic senator said Monday, even as Republicans turned up the heat on moderates who hold the fate of the legislation in their hands.... Read More
WASHINGTON (AP) -- President Barack Obama said Monday the nation's economy is in good shape for the long term thanks to "core strengths" such as its universities, its innovation and a dynamic workforce.... Read More
SAN FRANCISCO (AP) -- Hewlett-Packard Co.'s cost-cutting and push into new markets is helping soften the blow from weakness in the company's mainstay businesses.... Read More
WASHINGTON (AP) -- Big banks are roaring back.... Read More
Oil slipped towards $77 a barrel Tuesday as markets awaited data expected to show that the pace of U.S. economic recovery is slower than previously estimated.... Read More
NEW YORK (AP) -- After showing signs of improvement in early fall, sales of clothing and luxury goods weakened a bit the first half of November, compared with a year ago, when stores pulled shoppers in with massive discounts, figures released Tuesday show.... Read More
TOKYO (AP) -- Japan Airlines said Tuesday it obtained government approval to receive up to $1.1 billion in emergency loans aimed at preventing the money-losing company from grounding flights.... Read More
DUESSELDORF, Germany (AP) -- General Motors Co. will present to unions on Wednesday its restructuring plan for the Opel unit, expected to include up to 9,500 job cuts, the carmaker's top official in Europe said Tuesday.... Read More
NEW YORK (AP) -- BMO Financial Group says it will buy the Diners Club North American franchise from Citigroup, which will more than double its corporate card business.... Read More
FRANKFURT (AP) -- German business confidence rose for an eighth consecutive month in November as Europe's biggest economy recovered steadily from its worst recession in decades, a leading survey showed Tuesday.... Read More
NEW YORK (AP) -- Medical device maker Medtronic says its fiscal second-quarter profit rose 59 percent on higher sales of implantable heart devices and stents, while costs fell.... Read More
LONDON (AP) -- The pharmaceutical company GlaxoSmithKline says it has advised medical staff in Canada to not use one batch of swine flu vaccine for fear it may trigger life-threatening allergies.... Read More
NEW YORK (AP) -- Citigroup Inc. said Tuesday it is selling its Diners Club North American franchise to BMO Financial Group as it continues to shed noncore assets and streamline operations.... Read More
ANN ARBOR, Mich. (AP) -- Borders Group says it lost money for the third straight quarter as sales at its bookstores continued to decline, but the loss was smaller than a year ago.... Read More
NEW YORK (AP) -- Barnes & Noble says it posted a wider loss in the second quarter because of costs for an acquisition.... Read More
WASHINGTON (AP) -- Home prices rose slightly in September, the fourth straight monthly increases and a clear sign that the housing market's recovery is continuing.... Read More
STUART, Fla. (AP) -- Former French intelligence officer Herve Jaubert believed he was essentially being held captive in Dubai when his passport was confiscated by authorities amid a dispute with his employer, a powerful government-run conglomerate. He claimed he was threatened with torture and worried each day he would be arrested.... Read More
WASHINGTON (AP) -- Federal officials are fining three airlines a total of $175,000 for their role in the stranding of passengers overnight on an airport tarmac in Rochester, Minn., this summer.... Read More
WATERBURY, Vt. (AP) -- Green Mountain Coffee Roasters sweetened its offer for Diedrich Coffee by $2 per share on Tuesday, matching a rival bid from Peet's Coffee & Tea.... Read More
LONDON (AP) -- European and U.S. stock markets fell Tuesday after government figures showed the U.S. economy did not grow as fast in the third quarter as previously estimated, stoking fears that the recovery in the world's largest economy will be slow.... Read More
NEW YORK (AP) -- Barnes & Noble Inc. and Borders Group Inc., the nation's two largest brick-and-mortar book sellers, both posted quarterly losses Thursday and forecast a difficult holiday season, saying competition from discount chains and online retailers is stiffening.... Read More
WASHINGTON (AP) -- Republicans are using everything short of forklifts to show Americans that Democratic health care legislation is an unwieldy mountain of paper.... Read More
LITTLE ROCK, Ark. (AP) -- Phone company Windstream is buying Iowa Telecommunications Services for $1.1 billion in cash and stock.... Read More
NEW YORK (AP) -- Americans' confidence in the economy improved slightly in November, but they remain gloomy amid a weak job market heading into the holiday season.... Read More
ALBANY, N.Y. (AP) -- New York's top court says the state can use eminent domain to force homeowners and businesses to sell their properties for a massive development in Brooklyn that includes a new arena for the New Jersey Nets.... Read More
Advertisement
