Business News
-
Fed survey: Growth, hiring slowed in parts of US
Tweet Share on Facebook 6:16PM July 18, 2012 CommentWASHINGTON (AP) — The U.S. economy expanded modestly in June and early July, but growth and hiring slowed in several parts of the country. The key findings of the Federal Reserve survey echoed the gloomier outlook that Chairman Ben Bernanke delivered to Congress this week.
-
8 tagged as potential threats to financial system
Tweet Share on Facebook 5:55PM July 18, 2012 CommentWASHINGTON (AP) — Federal regulators have tagged eight exchanges and clearinghouses that settle trades as potential threats to the stability of the financial system that need strict government oversight.
-
American Airlines shows signs of turnaround
Tweet Share on Facebook 5:28PM July 18, 2012 CommentDALLAS (AP) — Eight months into a bankruptcy that was years in the making, American Airlines is showing signs of finally turning itself around and regaining its lost glory.
-
New welfare restrictions target booze, tattoos
Tweet Share on Facebook 5:09PM July 18, 2012 CommentBOSTON (AP) — Taking aim at what they call an abuse of the taxpayers' money, a growing number of states are blocking welfare recipients from spending their benefits on booze, cigarettes, lottery tickets, casino gambling, tattoos and strippers.
-
Capital One to pay $210M over marketing tactics
Tweet Share on Facebook 4:18PM July 18, 2012 CommentWASHINGTON (AP) — The Obama administration's consumer watchdog agency flexed its enforcement muscles for the first time Wednesday and ordered Capital One Bank to repay millions of credit card customers allegedly tricked into buying costly add-on services.
-
BofA swings to profit; mortgages cast long shadow
Tweet Share on Facebook 4:17PM July 18, 2012 CommentBank of America can't shake its mortgage headache.
-
US sees Syria crisis "spinning out of control"
Tweet Share on Facebook 4:04PM July 18, 2012 CommentWASHINGTON (AP) — The bombing in Damascus that killed at least three top Syrian officials shows the country's crisis is "rapidly spinning out of control," Defense Secretary Leon Panetta said Wednesday. U.S. officials were unsure whether it was an insider attack, but they suggested it could mark a turning point in the 16-month conflict.
-
Senate panel approves trade relations with Russia
Tweet Share on Facebook 3:19PM July 18, 2012 CommentWASHINGTON (AP) — A Russia trade bill that could double U.S. exports to Russia but complicate already frosty relations with the former Communist superpower advanced in the Senate on Wednesday.
-
Investors pay to lend Germany money
Tweet Share on Facebook 2:01PM July 18, 2012 CommentFRANKFURT, Germany (AP) — Investors are paying for the privilege to lend Germany money as they look for a haven from the financial and economic crisis hitting the rest of Europe.
-
Bernanke: Fed's efforts have helped the economy
Tweet Share on Facebook 1:52PM July 18, 2012 CommentWASHINGTON (AP) — Chairman Ben Bernanke told lawmakers Wednesday that the Federal Reserve's efforts to bolster growth have helped lift the U.S. economy out of the Great Recession. But he acknowledged that the economy remains weak and the Fed can only do so much.
-
Fiat to suspend production at Naples plant
Tweet Share on Facebook 1:34PM July 18, 2012 CommentMILAN (AP) — Italian carmaker Fiat SpA announced Wednesday that it will extend its month-long holiday shutdown of its Naples plant by some two weeks due to slumping car sales in Italy that have hit the lowest levels in more than three decades.
-
Google adds more Antarctica imagery to Street View
Tweet Share on Facebook 12:49PM July 18, 2012 CommentMOUNTAIN VIEW, Calif. (AP) — Google's online mapping service is incorporating additional images from Antarctica.
-
Vatican passes key financial transparency test
Tweet Share on Facebook 12:43PM July 18, 2012 CommentVATICAN CITY (AP) — The Vatican passed a key European financial transparency test, according to a report card released Wednesday, but received poor grades for the effectiveness of its new financial watchdog agency and the ability of its bank to make sure its customers and transactions are clean.
-
Polish media unite to charge for online content
Tweet Share on Facebook 12:35PM July 18, 2012 CommentWARSAW, Poland (AP) — Several major Polish media companies are joining forces to put some of their best online content behind a combined paywall — an attempt to maintain revenue as print readership declines.
-
UK border guards vote to strike, no date set yet
Tweet Share on Facebook 12:29PM July 18, 2012 CommentLONDON (AP) — The union representing immigration staff at British airports says its members have voted to go on strike in a dispute over pay and job losses.
-
Credit Suisse to strengthen its capital buffers
Tweet Share on Facebook 12:07PM July 18, 2012 CommentGENEVA (AP) — Credit Suisse is to strengthen its capital buffers against future financial crises by as much as 15.3 billion Swiss francs ($15.6 billion), Switzerland's second-largest bank announced Wednesday.
-
Government opens program to sell troubled loans
Tweet Share on Facebook 11:39AM July 18, 2012 CommentWASHINGTON (AP) — The government has opened a program for investors to buy troubled mortgages in hard-hit areas and work out terms with homeowners in an effort to avoid foreclosures.
-
IMF urges euro countries to integrate more
Tweet Share on Facebook 11:05AM July 18, 2012 CommentLONDON (AP) — The 17 countries that use the euro have to integrate their economies further if they are to emerge from their economic crisis intact, the International Monetary Fund said Wednesday.
-
Dutch police taking lead in sandwich needle probe
Tweet Share on Facebook 10:43AM July 18, 2012 CommentTHE HAGUE, Netherlands (AP) — Dutch police investigating how needles got into six turkey sandwiches on Delta Air Lines flights from Amsterdam to U.S. cities said Wednesday that the sandwiches and needles are being flown back to the Netherlands for tests.
-
Greeks promised no more austerity in 2012
Tweet Share on Facebook 10:38AM July 18, 2012 CommentATHENS, Greece (AP) — Greeks will be spared new austerity measures this year, parties backing the coalition government promised on Wednesday, though they refused to rule out more painful cuts starting in 2013.
