Business News
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US futures edge up on strong corporate earnings
Tweet Share on Facebook 8:56AM October 16, 2012 CommentNEW YORK (AP) — U.S. stock futures rose Tuesday for a second day as the earnings season kicked into high gear, with major players in the health care, banking and consumer industries reporting quarterly results.
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Swiss Hold $1B Arab Spring 'Dictator' Funds
Tweet Share on Facebook 8:35AM October 16, 2012 Comment
Two Egyptian policemen guard while Egyptian men gather by an artist working on a mural with faces depicting ousted Egyptian president Hosni Mubarak, on a newly whitewashed wall in Tahrir Square, Cairo, Egypt, Thursday, Sept. 20, 2012. Under cover of darkness, a few municipality workers quietly began to paint over an icon of Egypt's revolution: a giant, elaborate public mural on the street that saw some of the most violent clashes between protesters and police over the past two years. Arabic reads "paint over the revolution, life standard, freedom, social justice."
Authorities confiscate $755 million stashed away by former President Hosni Mubarak and his aides.
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A123 Systems expects to default of some debt
Tweet Share on Facebook 8:24AM October 16, 2012 CommentWALTHAM, Mass. (AP) — A123 Systems says a default on some of its debt is likely and it may be heading for bankruptcy protection.
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American Girl Helps Mattel 3Q Results Top Estimates
Tweet Share on Facebook 7:56AM October 16, 2012 Comment
Jade Pettyjohn, star of An American Girl: McKenna Shoots for the Stars attended Olympic Gymnastics Trials on Saturday, June 30, 2012, in San Jose, Calif.
EL SEGUNDO, Calif. (AP) — Strong sales of American Girl dolls and Fisher-Price toys helped boost Mattel's third-quarter results, setting the stage for the biggest U.S. toy maker ahead of the critical holiday season.
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Sprint suitor Son stands apart in sober Japan
Tweet Share on Facebook 7:53AM October 16, 2012 CommentTOKYO (AP) — The Japanese billionaire behind a deal that will create the world's third-biggest mobile company spent his childhood in a slum, where he proudly rode in a stinking wheelbarrow filled with pig feed, pushed by his grandmother, a Korean immigrant.
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Social Security Set to Announce Benefit Increase
Tweet Share on Facebook 7:20AM October 16, 2012 Comment
Social Security card mixed with dollar bills
WASHINGTON (AP) — More than 56 million Social Security recipients will soon find out how much their monthly payments will go up next year.
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German investor optimism on the rise
Tweet Share on Facebook 7:12AM October 16, 2012 CommentFRANKFURT, Germany (AP) — Investor optimism in Germany rose in October, sending an upbeat signal about Europe's largest economy.
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EU Regulators Tell Google to Change Privacy Policy
Tweet Share on Facebook 6:59AM October 16, 2012 Comment
People look at the camera on top of a Google self-driving car at Google headquarters.
PARIS (AP) — European regulators are asking Google to clarify its new privacy policy and make it easier for users to opt out of it.
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Italy corruption probes claim Lombardy legislature
Tweet Share on Facebook 6:47AM October 16, 2012 CommentROME (AP) — The embattled governor of Italy's powerful Lombardy region, which includes Milan, has announced the dissolution of the regional legislature as Italy's mounting political corruption scandal claims its biggest victim yet.
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Portugal government faces backlash over austerity
Tweet Share on Facebook 6:17AM October 16, 2012 CommentLISBON, Portugal (AP) — Portugal's coalition government is facing a hail of criticism after announcing steep tax increases in its draft budget for next year.
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Spain pays lower rate to raise cash in bond market
Tweet Share on Facebook 6:10AM October 16, 2012 CommentMADRID (AP) — Spain has raised €4.9 billion ($6.4 billion) at slightly lower interest rates in a debt auction that saw strong demand as the country considers whether to request international help to manage its finances.
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Roche posts 7 percent rise in Q3 drug sales
Tweet Share on Facebook 5:06AM October 16, 2012 CommentGENEVA (AP) — Powered by demand for its cancer drugs, Swiss drugmaker Roche on Tuesday reported a 7 percent increase in sales of its pharmaceutical products for the first nine months of 2012.
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UK inflation drops to near 3-year low of 2.2 pct
Tweet Share on Facebook 4:50AM October 16, 2012 CommentLONDON (AP) — Inflation in Britain has fallen to 2.2 percent in September, its lowest annual rate in nearly three years.
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Squirrel Boom Frustrates Fruit Growers
Tweet Share on Facebook 4:05AM October 16, 2012 Comment
Squirrel
Don't let the bright eyes and bushy tails fool you. These squirrels are up to no good.
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In Georgia, where guest is God, tourism thrives
Tweet Share on Facebook 3:01AM October 16, 2012 CommentBATUMI, Georgia (AP) — Georgia's Black Sea resort of Batumi was once a bleak site: Roads were dotted with pot-holes, the city was pitch dark at night, running water was scarce and the city's best hotel was infested with rats. Today Batumi glitters with neon lights and luxury high-rise hotels dot its skyline; soon the city will even boast a fountain flowing with Georgian grape vodka.
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Amazon to hire 50,000 seasonal workers this year
Tweet Share on Facebook 12:09AM October 16, 2012 CommentSEATTLE (AP) — Amazon.com Inc. says it's hiring 50,000 temporary workers at order-fulfillment centers across the U.S. this holiday season.
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Survivors, captain hear Italian shipwreck evidence
Tweet Share on Facebook 11:19PM October 15, 2012 CommentGROSSETO, Italy (AP) — A theater in Italy turned into a courtroom Monday, providing extra space for all those who needed to hear the evidence against the captain of a shipwrecked cruise ship.
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Yahoo CEO raids Google to hire top lieutenant
Tweet Share on Facebook 8:14PM October 15, 2012 CommentSAN FRANCISCO (AP) — Yahoo CEO Marissa Mayer is mining her old advertising connections at Google to help her tackle the challenges facing her in her new job.
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Mortgage comeback? Citigroup isn't so sure
Tweet Share on Facebook 6:33PM October 15, 2012 CommentNEW YORK (AP) — Citigroup isn't as enthusiastic as its peers about a comeback in the housing market.
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Amphibious vehicle to go on sale soon in US
Tweet Share on Facebook 6:17PM October 15, 2012 CommentDETROIT (AP) — Amphibious vehicles could soon be zooming out of James Bond's garage — or pond — and into yours.
