Business News
-
Unemployment Rates Rose in 44 U.S. States in July
Tweet Share on Facebook 1:36PM August 17, 2012 CommentWASHINGTON (AP) — Unemployment rates rose in 44 U.S. states in July, the most states to show a monthly increase in more than three years and a reflection of weak hiring nationwide.
-
Polish prosecutors charge owner of financial firm
Tweet Share on Facebook 12:15PM August 17, 2012 CommentWARSAW, Poland (AP) — Prosecutors in Poland charged the owner of a suspended investment fund with illegal activity in a case that has increased government scrutiny of the country's private financial firms.
-
Gabon president calls for order after clashes
Tweet Share on Facebook 11:29AM August 17, 2012 CommentLIBREVILLE, Gabon (AP) — Gabon's president says he won't let the Central African nation descend into chaos following violent clashes between police and demonstrators who back a recently returned opposition leader.
-
During Ramadan, Pakistanis dodge tax collectors
Tweet Share on Facebook 11:21AM August 17, 2012 CommentKARACHI, Pakistan (AP) — During the Muslim holy month of Ramadan, Muhammad Tashfeen Khan does what millions of other Pakistanis do: tries to keep his money from the government's religious tax collectors.
-
Measure of US economy rose 0.4 percent in July
Tweet Share on Facebook 11:02AM August 17, 2012 CommentWASHINGTON (AP) — A measure of future U.S. economic activity recovered in July following a sharp drop in June, providing further evidence of an economy that is regaining some momentum.
-
Kickstarter projects generate millions of dollars
Tweet Share on Facebook 10:43AM August 17, 2012 CommentNEW YORK (AP) — A funny thing happens on Kickstarter, the website where people ask for money to finance their projects. Sometimes, they get more money than they ask for.
-
World stocks up on US data, Merkel
Tweet Share on Facebook 10:30AM August 17, 2012 CommentAMSTERDAM (AP) — Mildly positive news about the U.S. economy and reassuring words from German Chancellor Angela Merkel about the euro were enough to push most global financial markets higher by the start of U.S. trading Friday.
-
India auditor says billions lost in coal scandal
Tweet Share on Facebook 9:16AM August 17, 2012 CommentNEW DELHI (AP) — India's national auditor said Friday the government lost huge sums of money by selling coal fields to private companies without competitive bidding and in a deal for Delhi's international airport, adding to massive losses from dubious auctions of other state assets.
-
Feds checking Nissan Versa air bag problem
Tweet Share on Facebook 8:46AM August 17, 2012 CommentDETROIT (AP) — U.S. safety regulators are investigating the Nissan Versa subcompact car because an air bag may fail to inflate in crashes.
-
Shares in African miner Lonmin dive after violence
Tweet Share on Facebook 8:45AM August 17, 2012 CommentLONDON (AP) — Shares in platinum miner Lonmin PLC fell as much as 8 percent Friday after it was revealed that South African police officers killed more than 30 striking miners at the company's platinum mine.
-
Greece: central gov't debt at $372 billion
Tweet Share on Facebook 5:58AM August 17, 2012 CommentATHENS, Greece (AP) — Greece's Finance Ministry says the country's total central government debt stood at €303.5 billion ($372.67 billion) at the end of July 2012, up from €280.2 billion at the end of the first three months of this year.
-
Spain's bad loan rate up to nearly 9.5 percent
Tweet Share on Facebook 5:25AM August 17, 2012 CommentMADRID (AP) — The Bank of Spain says the country's bad loan rate shot up to a record of 9.42 percent in June, with more than €164 billion ($201.38 billion) in loans to households and businesses at least three months behind in their payments.
-
AP IMPACT: CO2 emissions in US drop to 20-year low
Tweet Share on Facebook 10:39PM August 16, 2012 CommentPITTSBURGH (AP) — In a surprising turnaround, the amount of carbon dioxide being released into the atmosphere in the U.S. has fallen dramatically to its lowest level in 20 years, and government officials say the biggest reason is that cheap and plentiful natural gas has led many power plant operators to switch from dirtier-burning coal.
-
Asian stocks up on US housing data, Cisco earnings
Tweet Share on Facebook 10:24PM August 16, 2012 CommentBANGKOK (AP) — Encouraging signs about the U.S. housing market and strong earnings from U.S. tech giant Cisco helped lift Asian stock markets higher in early trading Friday.
-
Sears narrows loss on cost cuts; sales decline
Tweet Share on Facebook 7:01PM August 16, 2012 CommentSears Holding Corp.'s push to turn around its ailing business is showing early signs of paying off, even as the retailer failed to stem declining sales.
-
Wal-Mart 2Q profit rises 5.7 pct, raises outlook
Tweet Share on Facebook 6:56PM August 16, 2012 CommentNEW YORK (AP) — Wal-Mart Stores Inc. reported a 5.7 percent increase in second-quarter net income and raised its outlook for the full year as the world's largest retailer continues to woo back frugal shoppers by re-emphasizing it has the lowest prices on everything from clothes to electronics.
-
Macy's sues JC Penney over Martha Stewart deal
Tweet Share on Facebook 6:46PM August 16, 2012 CommentNEW YORK (AP) — Macy's Inc. is suing rival retailer J.C. Penney Co., claiming Penney's bid to sell products by Martha Stewart Living is a breach of an exclusive contract held by Macy's and could cost it potentially billions in sales.
-
EPA signs rule to cut haze in Big Sky Country
Tweet Share on Facebook 6:31PM August 16, 2012 CommentBILLINGS, Mont. (AP) — Federal regulators have approved a new measure meant to help turn Montana's Big Sky Country into Clear Sky Country by forcing industrial plants to cut pollutants that make hazy skies over national parks and wilderness areas.
-
S&P 500 creeps near four-year high; Cisco surges
Tweet Share on Facebook 4:47PM August 16, 2012 CommentNEW YORK (AP) — Encouraging earnings from Cisco and hopeful signs in a housing report lifted the stock market Thursday. The gains nudged the Standard & Poor's 500 index near the four-year high it reached earlier this year.
-
Forecast: US drought lingering but leveling off
Tweet Share on Facebook 4:31PM August 16, 2012 CommentST. LOUIS (AP) — The worst drought in the U.S. in decades may be leveling off or even be easing ever so slightly in some lucky locales, federal weather forecasters announced Thursday in a report of little comfort for farmers and ranchers who already have begun tallying this year's losses.
