Business News
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Greek statistics head faces charges over revision
Tweet Share on Facebook 11:13AM January 22, 2013 CommentATHENS, Greece (AP) — Greek prosecutors recommended Tuesday that charges be brought against the head of the statistics agency and two other employees for allegedly inflating the country's 2009 deficit in order to make the economic situation appear worse than it was.
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Portugal cuts deficit, eyes return to debt market
Tweet Share on Facebook 10:19AM January 22, 2013 CommentLISBON, Portugal (AP) — Portugal's finance minister says his government's budget deficit likely fell below the target of 5 percent of GDP last year, reflecting successful measures to cut spending.
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Germany, France seek unity on Europe
Tweet Share on Facebook 9:54AM January 22, 2013 CommentBERLIN (AP) — Germany and France will produce joint proposals on improving economic coordination in the European Union this spring, the countries' leaders said Tuesday, downplaying recent differences as they marked the 50th anniversary of a landmark reconciliation accord.
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Stocks open mixed as earnings reports roll in
Tweet Share on Facebook 9:45AM January 22, 2013 CommentStocks are wavering in early trading on Wall Street as U.S. companies turn in a mixed batch of earnings reports.
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Athens' striking subway workers defy court order
Tweet Share on Facebook 9:11AM January 22, 2013 CommentATHENS, Greece (AP) — Striking subway workers in Athens defied a court order to return to their jobs and continued their protest for a sixth day on Tuesday, as demonstrations against new pay cuts escalated in the Greek capital.
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Pressure on Spanish PM to explain Swiss bank money
Tweet Share on Facebook 9:02AM January 22, 2013 CommentMADRID (AP) — Pressure piled up Tuesday on Spanish conservative Prime Minister Mariano Rajoy, with opposition parties demanding he appear before Parliament to explain how a former governing party treasurer amassed €22 million ($29 million) in a Swiss bank account.
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US futures mixed as are corporate earnings reports
Tweet Share on Facebook 8:26AM January 22, 2013 CommentNEW YORK (AP) — Stock futures are mixed with U.S. companies posting varying quarterly results.
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UAE property companies agree on merger
Tweet Share on Facebook 8:23AM January 22, 2013 CommentABU DHABI, United Arab Emirates (AP) — The struggling developer of Abu Dhabi's Yas Island — the site of the city's Formula One Grand Prix — has agreed to merge with a smaller rival in a deal that could help stabilize the recovering property sector in the United Arab Emirates.
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UK tabloid journalist charged over police bribes
Tweet Share on Facebook 8:19AM January 22, 2013 CommentLONDON (AP) — The defense editor of Rupert Murdoch-owned tabloid The Sun and a former police officer have been charged in connection with the bribing of public officials for information, British prosecutors said Tuesday.
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Bank of Japan sets 2 percent inflation target
Tweet Share on Facebook 6:15AM January 22, 2013 CommentTOKYO (AP) — Japan's Prime Minister Shinzo Abe declared a "monetary regime change" Tuesday as the central bank bowed to government pressure, setting a 2 percent inflation target aimed at helping the country emerge from its prolonged bout of deflation.
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Sharp rise in German investor optimism
Tweet Share on Facebook 5:27AM January 22, 2013 CommentBERLIN (AP) — A closely watched survey shows an unexpectedly sharp rise in German investor confidence, suggesting increasing optimism over how financial markets will perform in the coming months.
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UK public sector borrowing higher than expected
Tweet Share on Facebook 5:20AM January 22, 2013 CommentLONDON (AP) — U.K. public sector borrowing was higher than expected in December, another setback in the government's plans to reduce its deficit.
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AP Interview: UN chief wants action on climate
Tweet Share on Facebook 3:05AM January 22, 2013 CommentUNITED NATIONS (AP) — U.N. Secretary-General Ban Ki-moon says his top hopes for 2013 are to reach a new agreement on climate change and to urgently end the increasingly deadly and divisive war in Syria.
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Kim Dotcom's Mega site struggles under mega demand
Tweet Share on Facebook 11:45PM January 21, 2013 CommentSYDNEY (AP) — Indicted Megaupload founder Kim Dotcom admits his new file-sharing site is struggling to keep up with massive demand.
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Dish Network to close 300 Blockbuster stores in US
Tweet Share on Facebook 11:42PM January 21, 2013 CommentDENVER (AP) — Dish Network Corp. says it plans to close about 300 Blockbuster stores across the country, losing about 3,000 employees.
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Asia stocks fall before BOJ meeting ends
Tweet Share on Facebook 10:04PM January 21, 2013 CommentBANGKOK (AP) — Asian stock markets fell Tuesday as traders waited for Japan's central bank to announce stimulus measures after wrapping up a two-day policy meeting.
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Weak infrastructure holds back Indonesian economy
Tweet Share on Facebook 8:13PM January 21, 2013 CommentJAKARTA, Indonesia (AP) — Months behind schedule, the construction crew racing to finish a highway encircling Indonesia's traffic-choked capital is being blocked by a determined group of locals and the ramshackle cemetery that is home to their ancestors.
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Oil price dips, trading muted on US public holiday
Tweet Share on Facebook 7:54PM January 21, 2013 CommentThe price of crude oil slipped closer to $95 a barrel on Monday, with energy investors keeping to the sidelines as U.S. markets were closed for Martin Luther King, Jr. Day.
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Boeing 787 investigation turns to battery maker
Tweet Share on Facebook 7:46PM January 21, 2013 CommentTOKYO (AP) — Japanese and U.S. investigators began a probe into the maker of the lithium ion batteries used in Boeing's grounded 787 jets.
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Public trust in government, business leaders falls
Tweet Share on Facebook 6:49PM January 21, 2013 CommentFRANKFURT, Germany (AP) — Public trust in business, government and media leaders has fallen in the wake of financial and political scandals, according to a new global survey.
