Business News
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EU looks to start free trade talks with Japan
Tweet Share on Facebook 10:02AM July 18, 2012 CommentBRUSSELS (AP) — The European Union's executive branch wants to start free trade negotiations with Japan and is asking member countries to give their consent.
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AMR has 2Q loss of $241M on bankruptcy costs
Tweet Share on Facebook 9:49AM July 18, 2012 CommentDALLAS (AP) — American Airlines is reaping higher fares and record revenue but still losing money.
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U.S. Stocks Slip at Open on Weak Earnings Reports
Tweet Share on Facebook 9:48AM July 18, 2012 Comment
MoneyHP-Carousel -- Closeup of a market board
NEW YORK (AP) — U.S. stocks are mostly falling on disappointing earnings reports from big companies.
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Shakeup at Opel continues, 2 more execs replaced
Tweet Share on Facebook 9:29AM July 18, 2012 CommentFRANKFURT, Germany (AP) — The shake-up at General Motors' Opel subsidiary in Europe gathered speed Wednesday as two more top executives left their posts.
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Germany: Spain doesn't need sovereign bailout
Tweet Share on Facebook 8:42AM July 18, 2012 CommentBERLIN (AP) — Germany's finance minister dismissed concerns Wednesday that Spain's government may itself need a bailout on top of an international rescue for its ailing banks, which the German Parliament is to vote on this week.
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Portugal sells bonds at rates lower than Spain
Tweet Share on Facebook 7:53AM July 18, 2012 CommentLISBON, Portugal (AP) — Bailed-out Portugal has managed to sell €2 billion ($2.5 billion) in short-term bonds at a lower cost than Spain — suggesting the much larger country's troubles are not spilling over to its neighbor.
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AT&T to Introduce Shared-Data Plans
Tweet Share on Facebook 7:17AM July 18, 2012 Comment
NEW YORK (AP) — Following in Verizon's footsteps, AT&T Inc. said Wednesday that it will introduce wireless plans that let subscribers connect up to 10 phones or other devices.
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Profits plunge in Q2 for Sweden's Ericsson
Tweet Share on Facebook 6:30AM July 18, 2012 CommentSTOCKHOLM (AP) — Swedish wireless equipment maker LM Ericsson saw its second-quarter profits slashed to almost a third as sales of network infrastructure slowed in China and Russia and the company focused on the more stable — but less profitable — business of offering support services to operators.
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Chinese companies see profits plunge amid slowdown
Tweet Share on Facebook 6:16AM July 18, 2012 CommentBEIJING (AP) — Some of China's biggest companies, from tech giants to airlines and retailers, are warning of unexpectedly sharp drops in profit of up to 80 percent, adding to pressure on Beijing to reverse a painful economic slump.
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Dotcom judge steps down after joking US is 'enemy'
Tweet Share on Facebook 5:42AM July 18, 2012 CommentWELLINGTON, New Zealand (AP) — A New Zealand judge has stepped down from overseeing the extradition case of Megaupload founder Kim Dotcom after jokingly referring to the United States as "the enemy."
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UK unemployment falls to 8.1 percent
Tweet Share on Facebook 5:38AM July 18, 2012 CommentLONDON (AP) — Unemployment in the United Kingdom fell to 8.1 percent in the March-May quarter, down from 8.3 percent in the previous three months, official data showed Wednesday.
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Sweden's Nordea posts profit rise in Q2
Tweet Share on Facebook 5:19AM July 18, 2012 CommentSTOCKHOLM (AP) — Nordea AB, the largest bank in the Nordic region in terms of market capitalization, on Wednesday said profits soared 17 percent in the second quarter as customers continued to flock to the banking group for loans and deposits despite the market volatility caused by the euro crisis.
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Chicago mayor seeks recipe to expand food trucks
Tweet Share on Facebook 4:51AM July 18, 2012 CommentCHICAGO (AP) — Each day at lunch Amy Le faces the same dilemma as she looks for a spot to park her bright green food truck in downtown Chicago. She needs a space close enough to hungry office workers but far enough away from the restaurants she knows will call police if she gets too close to their doors.
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Puma issues profit warning on European slowdown
Tweet Share on Facebook 3:50AM July 18, 2012 CommentBERLIN (AP) — Sportswear maker Puma has warned that profits will fall sharply this year as business in Europe suffers in the wake of the continent's debt problems.
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Chipmaker ASML sees Q2 profit drop on sales fall
Tweet Share on Facebook 3:25AM July 18, 2012 CommentAMSTERDAM (AP) — ASML Holding NV, the largest supplier of manufacturing equipment to computer chip makers, says its net profit fell to €292 million ($359 million) in the second quarter from €432 million in the same period a year ago.
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Highly anticipated weight-loss pill wins approval
Tweet Share on Facebook 12:03AM July 18, 2012 CommentWASHINGTON (AP) — A new weight-loss pill that many doctors consider the most effective of a new generation of anti-obesity drugs got the approval of the Food and Drug Administration on Tuesday.
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Delta passenger thought needle was a toothpick
Tweet Share on Facebook 11:07PM July 17, 2012 CommentMINNEAPOLIS (AP) — Jim Tonjes was high above North America when he bit into a hot turkey sandwich aboard a Delta Air Lines flight and felt a sudden jab in his mouth.
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APNewsBreak: Costco turns against tight sow pens
Tweet Share on Facebook 10:20PM July 17, 2012 CommentMINNEAPOLIS (AP) — Costco Wholesale Corp. on Tuesday joined a growing list of retailers and restaurants in asking suppliers to phase out the use of small pens for pregnant sows, as an animal welfare group prepared to release an undercover video showing conditions at one of its suppliers.
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Bush Institute launches book on economic growth
Tweet Share on Facebook 10:13PM July 17, 2012 CommentDALLAS (AP) — Former President George W. Bush said he wants his institute, which Tuesday released a book featuring experts weighing in on ways for the U.S. to jumpstart the economy toward 4 percent gross domestic product growth, to be an "action-oriented" place.
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CEO switch: Duke Energy seeks delay in testimony
Tweet Share on Facebook 9:02PM July 17, 2012 CommentRALEIGH, N.C. (AP) — Duke Energy Corp. asked state regulators Tuesday for a weekslong postponement of testimony by two top directors about the surprise CEO switch at the top of America's largest electric company.
