Business News
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FedEx to offer US staff buyouts in cost cut effort
Tweet Share on Facebook 8:16AM August 13, 2012 CommentNEW YORK (AP) — FedEx Corp. will soon begin offering buyouts to U.S. employees in an effort to cut costs.
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Pfizer files IPO plan for animal health business
Tweet Share on Facebook 7:28AM August 13, 2012 CommentPfizer Inc. plans an initial public offering of about $100 million in shares of its animal health business to pay off debt.
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Italy pays slightly higher yield on 12-month bonds
Tweet Share on Facebook 6:41AM August 13, 2012 CommentMILAN (AP) —
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Greek economy contracts 6.2 pct in Q2 over year
Tweet Share on Facebook 5:46AM August 13, 2012 CommentATHENS, Greece (AP) — The Greek statistical authority says the country's deep recession has eased slightly, although the economy still contracted 6.2 percent in the second quarter from the same period last year.
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HSBC can evict HK Occupy activists, court rules
Tweet Share on Facebook 3:15AM August 13, 2012 CommentHONG KONG (AP) — Hong Kong's Occupy movement needs to find a new home.
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BP sells 2 Texas gas plants to Eagle Rock Energy
Tweet Share on Facebook 3:06AM August 13, 2012 CommentLONDON (AP) — Oil company BP is selling two gas processing plants in Texas to Eagle Rock Energy Partners.
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Japan's economy slows as consumer spending flags
Tweet Share on Facebook 3:01AM August 13, 2012 CommentTOKYO (AP) — Japan's economy grew at a slower-than-expected annualized rate of 1.4 percent in April-June, adding to worries over the global outlook, as consumer spending flagged following a rebound from last year's earthquake and tsunami disasters.
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Asia stocks kept in check by China, Japan growth
Tweet Share on Facebook 10:02PM August 12, 2012 CommentBANGKOK (AP) — Asian stock markets struggled to make headway as data on Japan's economy disappointed investors and worries persisted about growth in China and Europe's ability to pull out of a debt crisis.
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Why some stocks are sinking despite big profits
Tweet Share on Facebook 12:32PM August 12, 2012 CommentNEW YORK (AP) — For investors, this restaurant chain is as hot as the red chili salsa on its menus. Maybe hotter. Maybe too hot.
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Italy: Failed airline deal grounds hundreds
Tweet Share on Facebook 10:11AM August 12, 2012 CommentMILAN (AP) — Hundreds of Wind Jet airline passengers have been stranded due to the failure of Alitalia's deal to purchase the Sicily-based low-cost carrier.
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Rich toddlers draw fashion designers' eyes
Tweet Share on Facebook 9:43AM August 12, 2012 CommentNEW YORK (AP) — Juliet Sandler dresses in the latest $650 dresses and $400 shoes from Parisian fashion house Lanvin. Juliet is 3.
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AP NewsBreak: Refinery probe focuses on corrosion
Tweet Share on Facebook 2:57PM August 11, 2012 CommentSAN FRANCISCO (AP) — Federal investigators probing the cause of a massive Chevron oil refinery fire are focusing on possible corrosion in a decades-old pipe the company inspected late last year but did not replace.
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Steel mill polluted town as Romney firm profited
Tweet Share on Facebook 4:42AM August 11, 2012 CommentGEORGETOWN, S.C. (AP) — The rusty stains on Shirley Carter's home are a permanent reminder of her fight with the local steel mill, just down U.S. Highway 17 near the boat docks. No matter how many cans of industrial-strength acid she went through, the red tint on her property never seemed to go away.
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Thousands file claims after Chevron refinery fire
Tweet Share on Facebook 4:39AM August 11, 2012 CommentRICHMOND, Calif. (AP) — Several thousand Richmond residents have filed legal claims against Chevron Corp., seeking compensation for a refinery fire that fouled the region's air for hours and sent more than 4,000 people to seek medical care for breathing problems and irritated eyes.
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Want an Olympian's nightstand? It's on sale here
Tweet Share on Facebook 12:37AM August 11, 2012 CommentLONDON (AP) — You're in bed. You reach over to turn out the light, and you are turning off the exact same light Michael Phelps turned off the night before he won the gold that made him the most decorated Olympian ever. That's the dream, at least.
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US farmers expect poorest corn crop in a decade
Tweet Share on Facebook 8:31PM August 10, 2012 CommentST. LOUIS (AP) — A deepening drought in the nation's farm states has cut further into this fall's harvest, with farmers now expected to pull from their fields the lowest corn yield in more than a decade.
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Legal claims rolling in after Calif. refinery fire
Tweet Share on Facebook 7:52PM August 10, 2012 CommentRICHMOND, Calif. (AP) — Hundreds of Richmond residents descended on a makeshift Chevron Corp. claim center Friday with legal claims caused by a refinery fire that fouled the region's air for hours, sending more than 4,000 people to seek medical care for breathing problems and irritated eyes.
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Manchester United shares flat in public debut
Tweet Share on Facebook 5:58PM August 10, 2012 CommentNEW YORK (AP) — Soccer club Manchester United made a disappointing debut on the New York Stock Exchange Friday, even after opening at a discounted price, with enthusiasm for the celebrated team overshadowed by its debt load and financial track record.
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CEO salvages JC Penney 2Q earnings disaster
Tweet Share on Facebook 5:37PM August 10, 2012 CommentNEW YORK (AP) — J.C. Penney Co. CEO Ron Johnson hasn't run out of magic yet, as far as Wall Street is concerned.
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Wishy-washy stock market ends slightly higher
Tweet Share on Facebook 5:34PM August 10, 2012 CommentNEW YORK (AP) — The market had a wishy-washy Friday, capping an equally directionless week.
