Business News
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Report: Some lose homes over as little as $400
Tweet Share on Facebook 6:38AM July 10, 2012 CommentWASHINGTON (AP) — The elderly and other vulnerable homeowners are losing their homes because they owe as little as a few hundred dollars in back taxes, according to a report from a consumer group.
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Report: Financial sector least transparent
Tweet Share on Facebook 5:46AM July 10, 2012 CommentBERLIN (AP) — An anti-corruption watchdog says a new survey of corporations shows mining, oil and gas sector firms rank among the best at disclosing information on revenue, taxes and community contributions while financial companies tend to be the worst.
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Ahead of the Bell: Job Openings survey
Tweet Share on Facebook 5:20AM July 10, 2012 CommentThe government on Tuesday will report on JOLTS, the Job Openings and Labor Turnover Survey, for May.
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UK factory production up 1 pct in May
Tweet Share on Facebook 5:00AM July 10, 2012 CommentLONDON (AP) — Factory output in the United Kingdom rose by 1.2 percent in May compared to April, beating the market consensus of a 0.9 percent gain.
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Government ends Norway oil, gas strike
Tweet Share on Facebook 2:56AM July 10, 2012 CommentOSLO, Norway (AP) — The Norwegian government has ordered an end to a two-week strike by oil and gas workers as producers threatened a lockout which would have shut down the industry within days.
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Asia stocks mixed after China trade growth shrinks
Tweet Share on Facebook 11:32PM July 09, 2012 CommentSINGAPORE (AP) — Asian stocks were mixed Tuesday after China reported trade growth slowed last month amid weakening global demand.
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EU set to extend Spain's deficit timeline
Tweet Share on Facebook 8:52PM July 09, 2012 CommentBRUSSELS (AP) — The European Union worked towards stabilizing Spain's finances Tuesday as it backed up the blueprint for the country's €100 billion bank bailout plan with plans to grant the country an extra year to cut its budget deficit.
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Alcoa slides to 2Q loss, but backs growth forecast
Tweet Share on Facebook 8:32PM July 09, 2012 CommentAlcoa Inc. said Monday that it slid to a second-quarter loss from a year-ago profit, dragged down by hefty charges and weak aluminum prices. But the results edged above analysts' expectations and the aluminum maker backed its forecast for solid global demand later this year.
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Americans step up credit card use sharply in May
Tweet Share on Facebook 6:34PM July 09, 2012 CommentWASHINGTON (AP) — Americans put more on their credit cards in May than in any single month since November 2007, one month before the Great Recession began.
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USDA reports corn in 18 states hurt by drought
Tweet Share on Facebook 6:18PM July 09, 2012 CommentDES MOINES, Iowa (AP) — Corn and soybean prices surged Monday after the latest government report showed a widespread drought in the middle of the country is hurting this year's crop.
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Patriot Coal files for bankruptcy reorganization
Tweet Share on Facebook 6:13PM July 09, 2012 CommentNEW YORK (AP) — Patriot Coal Corp. filed for Chapter 11 bankruptcy protection on Monday as it deals with reduced demand for coal and rising costs.
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Hawker Beechcraft announces sale to Chinese firm
Tweet Share on Facebook 6:11PM July 09, 2012 CommentWICHITA, Kan. (AP) — Hawker Beechcraft says it has reached a $1.79 billion agreement with a Chinese firm for the sale of the struggling Wichita-based business jet maker.
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BlackBerry marketing head undeterred by share loss
Tweet Share on Facebook 6:10PM July 09, 2012 CommentNEW YORK (AP) — The new marketing chief for BlackBerry smartphones isn't dejected by perceptions that his products look ancient next to iPhones and Android devices.
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Gov't agency proposes simpler mortgage forms
Tweet Share on Facebook 5:40PM July 09, 2012 CommentWASHINGTON (AP) — The government proposed rules Monday to help Americans understand the costs and risks of getting a mortgage.
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FDA unveils safety measures for opioid painkillers
Tweet Share on Facebook 4:46PM July 09, 2012 CommentWASHINGTON (AP) — Drugmakers that market powerful painkiller medications will be required to fund training programs to help U.S. doctors and other health professionals safely prescribe the drugs, which are blamed for thousands of fatal overdoses each year.
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WellPoint buying Amerigroup for about $4.46B
Tweet Share on Facebook 4:36PM July 09, 2012 CommentINDIANAPOLIS (AP) — WellPoint Inc., the nation's second-largest health insurer, will get a bigger chunk of the expanding market of people covered by Medicaid with its $4.46 billion acquisition of a provider of the program for needy and disabled Americans.
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Behind the threat: FBI Internet server shutdown
Tweet Share on Facebook 3:48PM July 09, 2012 CommentNEW YORK (AP) — On Monday, the FBI turned off servers that had allowed thousands of malware-stricken computers to continue using the Internet. The personal computers — both Windows PCs and Macs — are corrupted by a virus known as DNSChanger. Without the servers, the machines wouldn't know how to locate websites and send email.
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Iran sets up private oil export to beat sanctions
Tweet Share on Facebook 2:37PM July 09, 2012 CommentTEHRAN, Iran (AP) — An official says Iran has set up a private oil export group in an attempt to bypass a European ban on buying Iranian oil.
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Campbell Soup seeks to freshen up with Bolthouse
Tweet Share on Facebook 2:27PM July 09, 2012 CommentNEW YORK (AP) — Campbell Soup Co., the world's biggest soup maker, is looking to court a new generation of consumers with baby carrots, premium juices and refrigerated salad dressings.
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Conservatives make it rough for business
Tweet Share on Facebook 1:32PM July 09, 2012 CommentWASHINGTON (AP) — Conservative Republicans have roughed up the business community this year — and it's not over yet.
