Business News
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Argentine ship stuck in Africa in bondholder fight
Tweet Share on Facebook 1:34PM October 04, 2012 CommentBUENOS AIRES, Argentina (AP) — The flagship of Argentina's navy has been ordered held in Africa by a judge answering a complaint from a U.S. hedge fund.
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US rate on 30-year mortgage hits record 3.36 pct.
Tweet Share on Facebook 12:40PM October 04, 2012 CommentWASHINGTON (AP) — Average U.S. rates on fixed mortgages fell to fresh record lows for the second straight week. The declines have led more homeowners to refinance, a trend that could help jumpstart the economy.
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WHY IT MATTERS: Income inequality
Tweet Share on Facebook 12:33PM October 04, 2012 CommentThe issue:
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US factory orders fall on decline in aircraft
Tweet Share on Facebook 12:33PM October 04, 2012 CommentWASHINGTON (AP) — Orders to U.S. factories fell in August from July, mostly because of a sharp drop in volatile aircraft orders. The decline offset an increase in orders that reflect corporate investment plans.
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Retailers report slower sales growth in Sept
Tweet Share on Facebook 12:28PM October 04, 2012 CommentNEW YORK (AP) — Americans may have slowed their spending in September after splurging during the start of the busy back-to-school shopping season in the month before. But most importantly, they were still spending.
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Job cuts in more regions for Google's Motorola
Tweet Share on Facebook 12:11PM October 04, 2012 CommentNEW YORK (AP) — Google is broadening job cuts from its Motorola Mobility unit outside the U.S. and will take $390 million in severance costs and other charges related to the layoffs.
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Draghi nudges Spain to take up bond plan
Tweet Share on Facebook 11:50AM October 04, 2012 CommentFRANKFURT, Germany (AP) — European Central Bank President Mario Draghi nudged Spain and its European partners to take up bank's offer of help with the country's high debt costs, reassuring Madrid that the conditions for getting the assistance "don't need to be punitive."
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Top designer labels abandon Argentina
Tweet Share on Facebook 11:43AM October 04, 2012 CommentBUENOS AIRES, Argentina (AP) — Adios, Armani. Hasta la vista, Louis Vuitton.
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Starbucks to allow 'digital tipping'
Tweet Share on Facebook 11:31AM October 04, 2012 CommentNEW YORK (AP) — Want to leave your barista a tip? Starbucks is making an app for that.
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Unilever may sell Skippy business in US, Canada
Tweet Share on Facebook 11:12AM October 04, 2012 CommentLONDON (AP) — Unilever has announced that it will consider selling its Skippy peanut butter business in the US and Canada as part of a strategic review.
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Oil Gains as Syria-Turkey Tensions Rise
Tweet Share on Facebook 11:12AM October 04, 2012 CommentThe price of oil rose Thursday after tensions rose between Syria and Turkey.
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BASF cuts 400 jobs at building chemicals unit
Tweet Share on Facebook 10:26AM October 04, 2012 CommentBERLIN (AP) — Germany's BASF SE says it plans to cut about 400 jobs at its construction chemicals business as it adjusts to a slump in building in parts of Europe.
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Report says EU nuclear plants need better safety
Tweet Share on Facebook 10:19AM October 04, 2012 CommentBRUSSELS (AP) — The cost of needed improvements to the 145 nuclear reactors in the European Union could run as high as €25 billion ($32 billion) over the coming years, the bloc's energy commissioner said Thursday.
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Dow Jones average creeps up after jobs report
Tweet Share on Facebook 10:09AM October 04, 2012 CommentNEW YORK (AP) — Market indexes crept higher on Wall Street following an encouraging report on the labor market and better sales from Costco and other retail stores.
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Hurting Spain wakes up to Romney debate body blow
Tweet Share on Facebook 9:42AM October 04, 2012 CommentMADRID (AP) — Spaniards used to one bad economic headline after another have been hit by an unexpected critic: U.S. Republican presidential candidate Mitt Romney.
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US unemployment aid applications rise to 367K
Tweet Share on Facebook 9:33AM October 04, 2012 CommentWASHINGTON (AP) — The number of Americans seeking unemployment benefits rose to a seasonally adjusted 367,000, a level consistent with only modest hiring.
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Social Media Renders Rapid Judgment on Debate
Tweet Share on Facebook 9:09AM October 04, 2012 CommentWASHINGTON (AP) — Big Bird is endangered. Jim Lehrer lost control. And Mitt Romney crushed President Barack Obama.
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Wall Street futures higher as retailers report
Tweet Share on Facebook 9:05AM October 04, 2012 CommentNEW YORK (AP) — Stock futures are rising after some major U.S. retail chains reported September sales that topped expectations and a day before a crucial monthly jobs report.
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Text of statement by ECB President Mario Draghi
Tweet Share on Facebook 8:57AM October 04, 2012 CommentBelow is the full text of the speech that European Central Bank President Mario Draghi delivered at his press conference on Thursday.
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London mayor slams government delay on airports
Tweet Share on Facebook 8:56AM October 04, 2012 CommentLONDON (AP) — London's mayor says the British government is risking economic catastrophe by not quickly expanding airport capacity.
