• News
  • Business News

Business News


US business stockpiles rose 0.7 percent in January

Mar 13, 2012

By MARTIN CRUTSINGER, Associated Press

WASHINGTON (AP) — U.S. companies restocked at a faster pace in January, a sign that businesses expect stronger job growth to fuel more sales.

The Commerce Department said Tuesday that business stockpiles rose 0.7 percent in January after a 0.6 percent gain ...

Read More

Pfizer, Biocon call off sales agreement

Mar 13, 2012

NEW YORK (AP) — Drugmakers Pfizer and Biocon are calling off an agreement to sell Biocon's insulin and the generic version of several insulin products.

The companies say the individual priorities of their so-called biosimilars businesses made them decide to move forward independently.

Biosimilars ...

Read More

Stocks mostly lower on Wall Street; Dow gains 16

Mar 13, 2012

By The Associated Press, Associated Press

Stocks ended pretty much where they started Wednesday on Wall Street, a day after the market had its biggest gain of the year.

The Dow Jones industrial average eked out an increase of 16.42 points, its sixth consecutive gain. The Dow ended at 13,194.10,

Read More

US retail sales rose 1.1 percent in February

Mar 13, 2012

By MARTIN CRUTSINGER, Associated Press

WASHINGTON (AP) — Americans stepped up spending on retail goods in February, evidence that a stronger job market is boosting the economy.

Consumers bought more autos, clothes and appliances. They also paid higher prices for gas.

Retail sales increased 1.1 ...

Read More

Oil falls to near $106 after US crude supply jump

Mar 13, 2012

By ALEX KENNEDY, Associated Press

SINGAPORE (AP) — Oil prices fell to near $106 a barrel Wednesday in Asia after a report showed a jump in U.S. crude supplies, a sign demand remains sluggish.

Benchmark oil for April delivery was down 35 cents to $106.36 at late afternoon Singapore time in ...

Read More

Apollo to buy Great Wolf for $5 per share

Mar 13, 2012

NEW YORK (AP) — Investment manager Apollo Global Management said Tuesday that it agreed to acquire indoor water park operator Great Wolf Resorts for about $167.1 million.

New York-based Apollo Global Management LLC will buy Great Wolf Resorts Inc. for $5 per share, which represents a 19 percent ...

Read More

US, EU, Japan challenge China over minerals trade

Mar 13, 2012

By DON MELVIN, Associated Press

BRUSSELS (AP) — The United States, the European Union and Japan filed complaints Tuesday with the World Trade Organization charging that China is limiting its export of rare earths, minerals that are vital to the production of technology components.

China has a ...

Read More

German investor confidence up for 4th month

Mar 13, 2012

By GEIR MOULSON, Associated Press

BERLIN (AP) — German investor confidence rose for the fourth month in a row to hit its highest level since mid-2010, a closely watched survey showed Tuesday — another sign that Europe's biggest economy will avoid slipping into recession.

The ZEW institute said ...

Read More

Vekselberg slammed over resignation from Rusal

Mar 13, 2012

By NATALIYA VASILYEVA, Associated Press

MOSCOW (AP) — A bitter war of words broke out Tuesday between two of Russia's richest men after Viktor Vekselberg quit as chairman of Rusal, the world's largest aluminum producer.

The resignation marks an unusually public spat among the secretive ranks of ...

Read More

UK police arrest Rebekah Brooks in hacking probe

Mar 13, 2012

By GREGORY KATZ, Associated Press

LONDON (AP) — Former News International executive Rebekah Brooks and her racehorse trainer husband Charlie were arrested in dawn raids that also netted four other suspects in the spreading phone hacking scandal.

Police said the six people were arrested Tuesday on ...

Read More

AstraZeneca sues to protect Seroquel rights

Mar 13, 2012

LONDON (AP) — Drug maker AstraZeneca has filed a suit in the United States that seeks to extend its exclusive rights on some forms of its antidepressant drug Seroquel until December.

The Anglo-Swedish company said Tuesday that it had filed its suit in the U.S. District Court in Washington, D.C.

Read More

Moody's downgrades Cyprus to junk status

Mar 13, 2012

NICOSIA, Cyprus (AP) — International credit ratings agency Moody's downgraded euro member Cyprus to junk status Tuesday on heightened concerns over its banking sector's exposure to Greece.

The agency cut its rating on Cyprus by one notch to Ba1 and assigned a negative outlook, meaning that further ...

Read More

Kim Dotcom's money won him New Zealand residency

Mar 13, 2012

By NICK PERRY, Associated Press

WELLINGTON, New Zealand (AP) — In the eyes of New Zealand immigration authorities in 2010, Kim Dotcom's money trumped his criminal past.

Documents released to The Associated Press this week under New Zealand public records laws show that immigration officials ...

Read More

Chinese leadership politics delay major reforms

Mar 13, 2012

By CHRISTOPHER BODEEN and JOE McDONALD, Associated Press

BEIJING (AP) — As China faces growing calls for major reforms to prevent its slowing economy from derailing and keep its living standards rising, the response from Chinese leaders appears to be: "Not yet."

In speeches, news conferences and ...

Read More

Apple says Proview iPad trademark demands unfair

Mar 13, 2012

By ELAINE KURTENBACH, Associated Press

SHANGHAI (AP) — In its latest statement on a simmering dispute over the iPad brand name, Apple Inc. said Tuesday that Proview Electronics' insistence that it still owns the mainland China iPad trademarks is misleading and unfair.

Proview Electronics insisted ...

Read More

Obama warns China against 'skirting the rules'

Mar 13, 2012

By JULIE PACE, Associated Press

WASHINGTON (AP) — President Barack Obama warned China Tuesday that it would not be allowed to gain a competitive advantage in world trade by "skirting the rules."

Making an election-year pitch to American workers, and businesses as well, Obama announced Washington ...

Read More

Senate ready to pass highway programs overhaul

Mar 13, 2012

By JOAN LOWY, Associated Press

WASHINGTON (AP) — In a rare display of deal-making between Republicans and Democrats in a bitterly partisan election year, the Senate was poised to pass an overhaul of highway and transit programs that would give states more flexibility in how they spend federal ...

Read More

Mixed reviews on feds' health blueprint for states

Mar 13, 2012

By RICARDO ALONSO-ZALDIVAR, Associated Press

WASHINGTON (AP) — Do it your way, but get it done.

That's what the Obama administration is telling the states when it comes to carrying out the new health overhaul law that will eventually cover most of America's 50 million uninsured people.

Read More

Arroyo husband's arrest ordered in bribery case

Mar 12, 2012

By HRVOJE HRANJSKI, Associated Press

MANILA, Philippines (AP) — A court Tuesday ordered the husband of former President Gloria Macapagal Arroyo arrested on charges that he received millions of dollars in bribes — part of a wide-ranging prosecution of alleged corruption during her presidency.

Jose ...

Read More

Markets shored up by US economic hopes

Mar 12, 2012

By PAN PYLAS, Associated Press

LONDON (AP) — Optimism over the U.S. economy after the release of solid retail sales figures shored up global markets on Tuesday ahead of the latest policy statement from the U.S. Federal Reserve.

Sentiment in Europe was also boosted after Greece was cleared to get ...

Read More

You Might Also Like