Business News
-
Tim Cook on Apple Maps: 'Extremely Sorry'
Tweet Share on Facebook 9:17AM September 28, 2012 CommentNEW YORK (AP) — Apple CEO Tim Cook says the company is "extremely sorry" for the frustration that its maps application has caused and it's doing everything it can to make it better.
-
Chinese shippers place order for 50 supertankers
Tweet Share on Facebook 8:37AM September 28, 2012 CommentBEIJING (AP) — A group of state-owned Chinese shipping companies have placed a $4.5 billion order for 50 supertankers, throwing a financial lifeline to China's struggling shipbuilders, a newspaper reported Friday.
-
Ginseng poachers take to the woods as prices soar
Tweet Share on Facebook 8:37AM September 28, 2012 CommentMADISON, Wis. (AP) — They slink through the woods in camouflage and face paint, armed with tire irons, screwdrivers and hoes, seeking a plant that looks like a cross between a Virginia creeper and poison ivy.
-
Greek retail sales plunge amid deep recession
Tweet Share on Facebook 8:12AM September 28, 2012 CommentATHENS, Greece (AP) — Greece's statistical authority says domestic retail sales dropped eight percent in July compared with a year earlier, highlighting the painful impact of a four-year recession.
-
Germany, France launch drive for EU finance tax
Tweet Share on Facebook 8:00AM September 28, 2012 CommentBERLIN (AP) — Germany's Finance Ministry says Berlin and Paris have jointly appealed to the European Union's executive to prepare the introduction of a tax on financial transactions.
-
UK regulator outlines LIBOR overhaul
Tweet Share on Facebook 7:54AM September 28, 2012 CommentLONDON (AP) — Britain's financial regulator on Friday laid out a 10-point plan to overhaul the handling of a key global interest rate that has been the subject of a scandal involving major banks across multiple countries.
-
US Postal Service to default on second $5B payment
Tweet Share on Facebook 7:09AM September 28, 2012 CommentWASHINGTON (AP) — The U.S. Postal Service, on the brink of default on a second multibillion-dollar payment it can't afford to pay, is sounding a new cautionary note that having squeezed out all the cost savings within its power, the mail agency's viability now lies almost entirely with Congress.
-
FDA warning public of risks of online pharmacies
Tweet Share on Facebook 7:06AM September 28, 2012 CommentThe Food and Drug Administration is warning U.S. consumers that the vast majority of Internet pharmacies are fraudulent and likely are selling counterfeit drugs that could harm them.
-
Sony ties up with Olympus, takes 11 percent stake
Tweet Share on Facebook 6:54AM September 28, 2012 CommentTOKYO (AP) — Sony is expanding its sprawling electronics to movies business empire with a new venture — looking inside the human body.
-
Eurozone inflation in surprise rise in September
Tweet Share on Facebook 6:46AM September 28, 2012 CommentLONDON (AP) — Inflation in the 17 countries that use the euro rose unexpectedly to a six-month high in September, official figures showed Friday, weakening expectations of another interest rate cut from the European Central Bank.
-
Heineken nets Tiger beer in Asia drive
Tweet Share on Facebook 6:32AM September 28, 2012 CommentAMSTERDAM (AP) — Heineken NV is spending another €3.2 billion ($4.0 billion) to gain control over the Tiger beer brand as part of a strategy to significantly expand its operations in Asia.
-
Starbucks to open first India store in October
Tweet Share on Facebook 6:16AM September 28, 2012 CommentMUMBAI, India (AP) — Starbucks will open its first outlet in India by the end of October in an upscale neighborhood of Mumbai and has appointed a chief executive to head its India joint venture, the company said Friday.
-
2 G4S officers resign after Olympics debacle
Tweet Share on Facebook 5:54AM September 28, 2012 CommentLONDON (AP) — Two leading officials at G4S have quit following the company's poor handling of the Olympics and Paralympics security contract, but chief executive Nick Buckles has held onto his job.
-
Japan industrial output, core CPI fall in August
Tweet Share on Facebook 5:11AM September 28, 2012 CommentTOKYO (AP) — Japan's manufacturing contracted further in August, dropping 1.3 percent from the previous month on weakening auto and electronics output, as anti-Japanese riots in China darkened an already bleak outlook for both economies.
-
Cyprus central bank to conduct banks' stress test
Tweet Share on Facebook 5:10AM September 28, 2012 CommentLIMASSOL, Cyprus (AP) — Cyprus' central bank says the country's top lenders will undergo a stress test after a request from potential creditors to determine the amount of money they need to shore up their capital base.
-
Egypt Tourism Takes a Hit from Prophet Protests
Tweet Share on Facebook 3:43AM September 28, 2012 CommentCAIRO (AP) — One of the world's largest cruise ships, its foreign passengers primed for onshore spending, was supposed to dock in Egypt this month. The port call, however, was scrapped because of security concerns surrounding Mideast protests against a film made in the U.S. that denounces Islam's holiest figure.
-
US says may squash tomato trade deal with Mexico
Tweet Share on Facebook 11:42PM September 27, 2012 CommentWASHINGTON (AP) — The Commerce Department on Thursday indicated it may side with Florida tomato growers and squash a 16-year-old trade agreement with Mexico.
-
Intel previews tablets powered by its new chip
Tweet Share on Facebook 9:57PM September 27, 2012 CommentSAN FRANCISCO (AP) — Intel previewed a wave of tablet computers powered by a microprocessor that the company redesigned to make a bigger dent in the rapidly growing mobile market.
-
Chavez gets Russian oil investment _ and a puppy
Tweet Share on Facebook 9:40PM September 27, 2012 CommentCARACAS, Venezuela (AP) — Russia agreed to deepen its investments in Venezuela to tap new oilfields, while President Hugo Chavez thanked Russian President Vladimir Putin for a personal gift — a puppy.
-
Arrest of Google Brazil head stirs debate over Web
Tweet Share on Facebook 9:30PM September 27, 2012 CommentRIO DE JANEIRO (AP) — The arrest of a top Google executive is reviving a debate about Brazilian laws that hold services such as YouTube responsible for the videos posted on them, making the country a hotbed of attempts to stifle digital content.
