Business News
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APNewsBreak: Coke, Samsung pull Vietnam site ads
Tweet Share on Facebook 3:03AM October 03, 2012 CommentHANOI, Vietnam (AP) — Coca-Cola and Samsung have pulled their advertising from a popular Vietnamese website notorious for providing unlicensed downloads of Western and local songs, in a rare victory against online piracy in a country where it has grown unchecked.
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Asian stocks post modest gains as US data awaited
Tweet Share on Facebook 11:11PM October 02, 2012 CommentBANGKOK (AP) — Asian stocks posted modest gains Wednesday as skittish investors waited for a key U.S. jobs report later in the week for signs of growth in the world's largest economy.
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American says installation job caused seat snafu
Tweet Share on Facebook 10:13PM October 02, 2012 CommentDALLAS (AP) — American Airlines said that improperly installed clamps caused seats to pop loose on two planes during flights and an inspection turned up four others with the same problem.
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ADB slashes growth forecasts for developing Asia
Tweet Share on Facebook 9:34PM October 02, 2012 CommentBANGKOK (AP) — After years of rapid growth, Asia's developing economies now face much more modest prospects and must refashion themselves to reduce dependence on exports, the Asian Development Bank said Wednesday in a report that slashes growth forecasts for this year and next.
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US auto sales stay strong in September
Tweet Share on Facebook 5:53PM October 02, 2012 CommentDETROIT (AP) — Americans found plenty of reasons to buy new cars in September, making auto sales a bright spot in the economy for yet another month.
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Auto sales, home prices help buoy weak US economy
Tweet Share on Facebook 5:29PM October 02, 2012 CommentWASHINGTON (AP) — The U.S. economy is looking more resilient, thanks in part to encouraging signs for the two most expensive purchases most Americans make: cars and homes.
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T-Mobile USA in talks to buy MetroPCS
Tweet Share on Facebook 4:53PM October 02, 2012 CommentNEW YORK (AP) — The parent of cellphone company T-Mobile USA on Tuesday said it's in talks to buy smaller MetroPCS Communications Inc., a deal that could shore up two struggling smaller players in the U.S. wireless industry.
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Judge tosses BP fuel dealers' brand-name claims
Tweet Share on Facebook 4:42PM October 02, 2012 CommentNEW ORLEANS (AP) — A federal judge on Tuesday dismissed claims by BP fuel stations and convenience stores that the 2010 oil spill in the Gulf of Mexico diminished the value of the oil giant's brand and cost them business.
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Stocks waver on Spain report, Mosaic miss
Tweet Share on Facebook 4:25PM October 02, 2012 CommentNEW YORK (AP) — Mixed signals on the world economy tugged on major stock indexes Tuesday.
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Judge lifts US ban on sales of Samsung tablet
Tweet Share on Facebook 4:02PM October 02, 2012 CommentSAN JOSE, Calif. (AP) — A federal judge has lifted a ban on sales of Samsung Electronics Corp.'s Galaxy 10.1 tablet computer.
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Oil falls amid concerns about global economy
Tweet Share on Facebook 3:56PM October 02, 2012 CommentThe price of oil fell Tuesday as investors weighed positive U.S. economic news against ongoing concerns about Europe.
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Israeli electric car company CEO steps down
Tweet Share on Facebook 3:39PM October 02, 2012 CommentJERUSALEM (AP) — He has been the poster boy for Israel's powerhouse technology industry and a leading proponent of a great dream — to end the world's addiction to oil.
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Humane Society president seeks seat on Tyson board
Tweet Share on Facebook 3:16PM October 02, 2012 CommentLITTLE ROCK, Ark. (AP) — The president of an organization leading the fight against cramped cages for pregnant pigs said Tuesday he's seeking a spot on Tyson Food Inc.'s board of directors to put more pressure on the nation's second-largest pork processor to abandon the crates.
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Smoked Salmon Blamed for Salmonella Outbreak
Tweet Share on Facebook 2:24PM October 02, 2012 CommentSalmonella-tainted salmon has sickened hundreds in the Netherlands and the United States, sparking a major recall.
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Vanguard switches to lower-cost fund benchmarks
Tweet Share on Facebook 1:51PM October 02, 2012 CommentBOSTON (AP) — Vanguard Group is trying to bolster its appeal to cost-conscious investors by reducing a key expense of investing in low-cost index mutual funds: fees paid to firms that license benchmarks covering segments of the stock market that the funds track.
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TV show claims UK TV host Savile abused children
Tweet Share on Facebook 1:38PM October 02, 2012 CommentLONDON (AP) — For decades, Jimmy Savile was a fixture on British television — an eccentric, aggressively jocular host of children's shows and a tireless charity fundraiser. When he died last year at 84 — by then knighted as Sir Jimmy — he drew tributes from Prince Charles and thousands of fans.
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SAfrica truckers stage protest in Johannesburg
Tweet Share on Facebook 1:05PM October 02, 2012 CommentJOHANNESBURG (AP) — Thousands of striking truck drivers protested Tuesday amid heavy police presence in central Johannesburg as labor unrest continued across South Africa, leading to fears of renewed violence.
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Spain PM: Bailout request is not imminent
Tweet Share on Facebook 12:51PM October 02, 2012 CommentMADRID (AP) — Spain's prime minister denied Tuesday that he was ready to request a bailout for the country, fending off mounting speculation that a move to ask the European Central Bank to buy Spanish bonds and push down the nation's high borrowing costs was near.
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Feds throw support behind lawsuit against JPMorgan
Tweet Share on Facebook 12:36PM October 02, 2012 CommentWASHINGTON (AP) — The federal government on Tuesday threw its support behind a lawsuit against JPMorgan Chase accusing Bear Stearns, the investment bank JPMorgan bought in 2008, of engaging in massive fraud in deals involving billions in residential mortgage-backed securities.
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Microsoft says settlement reached in botnet case
Tweet Share on Facebook 11:27AM October 02, 2012 CommentWASHINGTON (AP) — Microsoft says it has settled a computer-fraud case against a website operated by a Chinese businessman that had become a major hub for illicit Internet activity.
