Business News
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Oil price falls after report of more supplies
Tweet Share on Facebook 4:39PM August 24, 2012 CommentThe price of oil fell on Friday after a trade journal reported that Western countries might release more oil reserves.
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A word from Bernanke turns stocks around
Tweet Share on Facebook 4:29PM August 24, 2012 CommentNEW YORK (AP) — The stock market keeps getting tossed around by the Fed.
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Bernanke says there's room for Fed to act further
Tweet Share on Facebook 4:20PM August 24, 2012 CommentWASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke makes clear in a letter to a House lawmaker that he thinks the Fed can do more to bolster the economic recovery and help reduce unemployment.
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Greeks brace for more pain
Tweet Share on Facebook 1:25PM August 24, 2012 CommentATHENS, Greece (AP) — Sitting in his coppersmith's shop in Psyrri, the main tourist shopping area of the Greek capital, Athens, Apostolos Liamiras takes stock of the depressed situation he and his country have found themselves in.
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European authorities ask Spain to delay "bad bank"
Tweet Share on Facebook 12:38PM August 24, 2012 CommentMADRID (AP) — The European Commission has asked Spain to delay by another week the plans to create a "bad bank", a fund that would pool much of its financial sector's soured property investments, so that experts in Brussels can review the project, the government in Madrid said Friday.
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Markets recover early losses on stimulus hopes
Tweet Share on Facebook 12:29PM August 24, 2012 CommentLONDON (AP) — Global markets recovered from earlier losses on Friday on hopes that central banks will act to support their weakening economies.
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Greek PM in Germany: need 'time to breathe'
Tweet Share on Facebook 12:18PM August 24, 2012 CommentBERLIN (AP) — Greece made little immediate progress in its quest for more time to carry out painful cuts during talks between its Prime Minister Antonis Samaras and Germany's Chancellor Angela Merkel Friday.
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New European banking oversight plan due in Sept
Tweet Share on Facebook 11:00AM August 24, 2012 CommentBRUSSELS (AP) — A European Union spokesman says proposals for EU-wide banking supervision are likely to be made around Sept. 11.
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Court upholds block on graphic cigarette warnings
Tweet Share on Facebook 10:52AM August 24, 2012 CommentRICHMOND, Va. (AP) — A federal appeals court has upheld a decision barring the federal government from requiring tobacco companies to put large graphic health warnings on cigarette packages.
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Reports: 2 TV reporters missing in Syria are alive
Tweet Share on Facebook 10:13AM August 24, 2012 CommentISTANBUL (AP) — In television footage of a van's interior, a journalist for a U.S.-funded network sits silently behind a Japanese correspondent who narrates to the camera as they drive to the aftermath of an explosion while covering the civil war in Syria.
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New bank notes symptom of old woes in Nigeria
Tweet Share on Facebook 9:58AM August 24, 2012 CommentLAGOS, Nigeria (AP) — Nigeria is set to unveil a bank note five times more valuable than its largest denomination bill as part of a major overhaul to its currency, a change some worry will further speed devaluation of its currency and hurt the nation's poorest.
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Drop in key US durable goods orders shows weakness
Tweet Share on Facebook 9:28AM August 24, 2012 CommentWASHINGTON (AP) — Signs that U.S. manufacturing is faltering emerged from a report Friday that orders for long-lasting factory goods, excluding the volatile transportation category, fell in July for the fourth time in five months.
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Britain's economic drop revised up slightly
Tweet Share on Facebook 7:00AM August 24, 2012 CommentLONDON (AP) — Britain's economy shrank by 0.5 percent between April and June — slightly less than previously feared — though the revised official figures published Friday still show the country is stuck in recession.
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S. Korean Court Rules Samsung Didn't Copy iPhone
Tweet Share on Facebook 5:47AM August 24, 2012 CommentSEOUL, South Korea (AP) — South Korea's Samsung won a home court ruling in its global smartphone battle against Apple on Friday when judges in Seoul said the company didn't copy the look and feel of the U.S. company's iPhone, and that Apple infringed on Samsung's wireless technology.
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French leader to meet Italy's Monti in Rome
Tweet Share on Facebook 5:20AM August 24, 2012 CommentROME (AP) — French President Francois Hollande will travel to Rome next month to meet Italy's Mario Monti as part of concerted efforts to bolster confidence in the euro currency.
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ABN Amro profits slide in 2Q
Tweet Share on Facebook 3:34AM August 24, 2012 CommentAMSTERDAM (AP) — ABN Amro, the bank owned by the Dutch state, says second quarter earnings fell 9.9 percent due to more of its loans going bad.
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Farmers grappling with Irene even a year later
Tweet Share on Facebook 3:00AM August 24, 2012 CommentWAITSFIELD, Vt. (AP) — A year after Hurricane Irene swept away topsoil and crops and replaced them with rocks and contaminants, farmers from North Carolina to Vermont are rebounding but still grappling with the aftermath — on top of an early spring followed by cold snaps, a dry summer and an anticipated spike in feed costs caused by the Midwestern drought.
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Kodak to sell imaging units, focus on printing
Tweet Share on Facebook 9:38PM August 23, 2012 CommentROCHESTER, N.Y. (AP) — Kodak wants to sell its document imaging and personalized imaging businesses to better focus on printing and business services as it tries to emerge from Chapter 11 bankruptcy protection.
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AP Exclusive: Energy loan watchdog an Obama donor
Tweet Share on Facebook 7:17PM August 23, 2012 CommentWASHINGTON (AP) — A veteran Wall Street executive who performed an independent review that exonerated the Obama administration's program of loans to energy companies contributed $52,500 to re-elect President Barack Obama in the months since completing his work, according to an Associated Press review of campaign records. The executive defended the integrity of his conclusions and said he decided to donate to Obama after his work was finished.
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Postal commission OKs 'junk mail' discount plan
Tweet Share on Facebook 6:20PM August 23, 2012 CommentWASHINGTON (AP) — The government body that oversees the U.S. Postal Service has approved a plan that gives one of the nation's largest direct marketers a postage discount on advertising flyers known as "junk mail."
