Business News
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Major Russian phone operator to go public
Tweet Share on Facebook 5:38AM October 09, 2012 CommentMOSCOW (AP) — Russia's second-largest mobile phone operator MegaFon says it will go public in London and Moscow in November.
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ING sells British businesses to Barclays
Tweet Share on Facebook 3:31AM October 09, 2012 CommentAMSTERDAM (AP) — ING Groep NV says it is selling its British businesses linked to online banking arm ING Direct UK to Barclays at a €320-million ($415-million) loss.
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Alaska Airlines: Operations returning to normal
Tweet Share on Facebook 11:20PM October 08, 2012 CommentSEATTLE (AP) — Alaska Airlines said flights were running close to normal late Monday after a fiber-optic outage shut down its ticketing system for more than four hours, causing the airline and its regional carrier to cancel 78 flights, affecting nearly 7,000 customers.
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Asia stocks up despite global growth warnings
Tweet Share on Facebook 10:54PM October 08, 2012 CommentBANGKOK (AP) — Asian stocks markets shrugged off yet another dismal prediction about global economic growth to mostly post solid gains Wednesday.
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Oil prices fall after warning from World Bank
Tweet Share on Facebook 9:34PM October 08, 2012 CommentNEW YORK (AP) — A strong warning from the World Bank that growth in Asia may slow further dragged the price of oil Monday to its lowest close in two months.
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Eurogroup chief: Lenders, Greece should agree soon
Tweet Share on Facebook 8:54PM October 08, 2012 CommentLUXEMBOURG (AP) — Greece and its international lenders need to agree quickly on a program of reforms so the next tranche of bailout loans can be released, the head of the group finance ministers from the 17 countries that use the euro said Monday.
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China art auctioneers face off with foreign rivals
Tweet Share on Facebook 8:29PM October 08, 2012 CommentHONG KONG (AP) — Chinese and international auction houses are encroaching on each other's territory in Hong Kong and Beijing for the first time as they step up the battle for the Asian art market.
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Release of 'winter-blend' gas could reduce prices
Tweet Share on Facebook 7:20PM October 08, 2012 CommentSAN FRANCISCO (AP) — State air pollution regulators said Monday that California's air quality is not expected to worsen appreciably after the governor ordered the release of a dirtier blend of gasoline to help slash record-high pump prices.
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American Airlines CEO acknowledges rough few weeks
Tweet Share on Facebook 6:40PM October 08, 2012 CommentNEW YORK (AP) — American Airlines' CEO acknowledges that passengers have had a rough few weeks on the airline but says the carrier is working through its issues.
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GM moves to bring computer technology in-house
Tweet Share on Facebook 5:37PM October 08, 2012 CommentDETROIT (AP) — Now hiring in Detroit: Scads of software developers and programmers.
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Stocks fall on weak outlook for 3Q, Asian economy
Tweet Share on Facebook 5:23PM October 08, 2012 CommentStocks closed lower on Wall Street as investors worry about forecasts for a weak season for U.S. corporate earnings and slower growth in Asia.
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Alzheimer drug shows some promise in mild disease
Tweet Share on Facebook 5:08PM October 08, 2012 CommentBOSTON (AP) — Combined results from two studies of an experimental Alzheimer's drug suggest it might modestly slow mental decline, especially in patients with mild disease.
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Wal-Mart, American Express team on prepaid card
Tweet Share on Facebook 4:22PM October 08, 2012 CommentNEW YORK (AP) — Wal-Mart Stores Inc. and American Express are rolling out a prepaid card that they say offers unique services designed to help shoppers manage and control their everyday finances.
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Stocks lower on weak outlook for 3Q, Asian economy
Tweet Share on Facebook 4:21PM October 08, 2012 CommentInvestors looked warily at forecasts for poor U.S. corporate earnings and weaker growth in Asia and decided there wasn't much reason to buy stocks.
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Athens police plan crackdown ahead of Merkel visit
Tweet Share on Facebook 3:41PM October 08, 2012 CommentATHENS, Greece (AP) — Greek police have increased security and are preparing to close down large sections of the capital Athens to contain protests against Germany's Chancellor, Angela Merkel, who is visiting the city Tuesday for talks with the country's Prime Minister Antonis Samaras.
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YouTube takes original programming venture abroad
Tweet Share on Facebook 3:19PM October 08, 2012 CommentLONDON (AP) — YouTube is extending its original programming initiative into Europe, with at least 60 new video channels from media companies including Britain's BBC, London-based FreemantleMedia and the Netherlands' Endemol.
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ECB official: Urgent need for new bank supervisor
Tweet Share on Facebook 3:17PM October 08, 2012 CommentFRANKFURT, Germany (AP) — A top European Central Bank official says the European Union should move ahead quickly with a new banking supervisor to deal with its shaky financial system.
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California gas price surge really adds up
Tweet Share on Facebook 2:56PM October 08, 2012 CommentHIGHEST PRICES
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Soda industry: Vending machines will show calories
Tweet Share on Facebook 2:21PM October 08, 2012 CommentNEW YORK (AP) — As criticism of sugary sodas intensifies, Coke, Pepsi and Dr Pepper are rolling out new vending machines that will put calorie counts right at your fingertips.
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SAfrica: Union accuses platinum producer of racism
Tweet Share on Facebook 2:14PM October 08, 2012 CommentJOHANNESBURG (AP) — The National Union of Mineworkers accused Anglo American Platinum Monday of "racism" as the impasse between striking miners and the world's top platinum producer escalated.
