Business News
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BBC names new director-general
Tweet Share on Facebook 2:23PM July 04, 2012 CommentLONDON (AP) — The British Broadcasting Corp. named executive George Entwistle its new chief on Tuesday, giving him one of the country's top media jobs.
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AP survey: Next president faces high unemployment
Tweet Share on Facebook 1:58PM July 04, 2012 CommentWASHINGTON (AP) — A majority of economists in the latest Associated Press Economy Survey expect the national unemployment rate to stay above 6 percent — the upper bounds of what's considered healthy — for at least four more years.
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Families of Nigeria crash victims get compensation
Tweet Share on Facebook 1:41PM July 04, 2012 CommentLAGOS, Nigeria (AP) — A grounded Nigerian airline says it has started compensating families of those who died when one of its planes crashed a month ago, with each family expected to get $100,000.
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Austrian parliament approves eurozone rescue fund
Tweet Share on Facebook 1:33PM July 04, 2012 CommentVIENNA (AP) — Austria's parliament has approved the eurozone's permanent rescue fund, clearing the way for the country's broader participation in the 17-nation zone's financial crisis management.
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Monti: Italy does not need a bailout
Tweet Share on Facebook 1:26PM July 04, 2012 CommentROME (AP) — Italian Premier Mario Monti insisted Wednesday the country doesn't need a European bailout because its public finances will improve, but acknowledges work still needs to be done to cut government spending, boost economic growth and create jobs.
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EU Parliament rejects ACTA anti-piracy treaty
Tweet Share on Facebook 12:50PM July 04, 2012 CommentBRUSSELS (AP) — The European Parliament overwhelmingly defeated an international anti-piracy trade agreement Wednesday after concern that it would limit Internet freedom sparked street protests in cities across Europe.
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UK court: Detective must reveal phone hack names
Tweet Share on Facebook 12:01PM July 04, 2012 CommentLONDON (AP) — Britain's Supreme Court took a step toward exposing the names at the heart of Britain's phone hacking scandal Wednesday, ruling that a private investigator convicted of eavesdropping for a Rupert Murdoch-owned tabloid must reveal who ordered him to do it.
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Could economics doom ailing Calif. nuke plant?
Tweet Share on Facebook 11:56AM July 04, 2012 CommentLOS ANGELES (AP) — The future of the troubled San Onofre nuclear power plant could balance on an inescapable question: Is it worth the money to fix it?
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Tax hikes on the rich in new French budget
Tweet Share on Facebook 10:25AM July 04, 2012 CommentPARIS (AP) — France's Socialist government wants to raise €7.2 billion ($9 billion) in new revenue from higher taxes on estates, banks and oil companies to try to reduce the deficit.
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Oil slips to near $87 as Iran tensions simmer
Tweet Share on Facebook 7:48AM July 04, 2012 CommentThe price of oil slipped to near $87 a barrel Wednesday, giving back some of the large gains from the previous day amid growing tension between Iran and Western powers.
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Air India pilots end long strike after court order
Tweet Share on Facebook 5:23AM July 04, 2012 CommentNEW DELHI (AP) — Hundreds of striking pilots of India's national carrier have ended a 58 day strike following a court order for them to return to work within two days.
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Manchester United files for IPO in US
Tweet Share on Facebook 1:07AM July 04, 2012 CommentNEW YORK (AP) — Manchester United plans to go public. In the United States, to boot.
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Asian stocks gain ahead of central bank meetings
Tweet Share on Facebook 11:32PM July 03, 2012 CommentSINGAPORE (AP) — Asian stock markets were boosted Wednesday by hopes European central bankers will buoy economic growth with new stimulus measures.
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Duke, Progress complete merger; Progress CEO out
Tweet Share on Facebook 5:41PM July 03, 2012 CommentRALEIGH, N.C. (AP) — Duke Energy Corp. and Progress Energy Inc. said Tuesday they had completed their merger now valued at about $32 billion to form the nation's largest electric company. But the normally routine event came with a twist.
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Utilities rely on out-of-state workers after storm
Tweet Share on Facebook 5:35PM July 03, 2012 CommentLEESBURG, Va. (AP) — A fleet of 20 electrical utility trucks, with cranes capable of hoisting a line worker 55 feet above the ground, commandeered the parking lot behind a Hampton Inn in the northern Virginia exurbs of Washington early Tuesday morning.
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Netflix's monthly video streaming tops 1B hours
Tweet Share on Facebook 5:14PM July 03, 2012 CommentSAN FRANCISCO (AP) — Netflix subscribers watched more than 1 billion hours of online video last month as the advent of high-speed Internet connections and high-powered mobile devices change people's viewing habits.
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Big US banks submit "living wills" to regulators
Tweet Share on Facebook 4:57PM July 03, 2012 CommentNine of the largest U.S. banks have submitted plans offering roadmaps for how the government could break up and sell off their assets if they are in danger of failing.
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FDA approves first rapid, take-home HIV test
Tweet Share on Facebook 4:35PM July 03, 2012 CommentWASHINGTON (AP) — Americans will soon be able to test themselves in the privacy of their own homes for the virus that causes AIDS, now that the Food and Drug Administration has approved the first rapid, over-the-counter HIV test.
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Fiat raising Chrysler stake
Tweet Share on Facebook 4:23PM July 03, 2012 CommentROME (AP) — Italian carmaker Fiat says it is consolidating its ownership of Chrysler by exercising an option to purchase around 3.3 percent of Chrysler equity from a trust fund that manages health care for pensioners.
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Stocks rise as oil prices, factory orders climb
Tweet Share on Facebook 4:12PM July 03, 2012 CommentNEW YORK (AP) — Stocks climbed Tuesday in an abbreviated holiday trading session after an encouraging report about manufacturing. Energy stocks rose the most because of increased tension over oil-rich Iran.
