Business News
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Under scrutiny, Vatican bank opens its doors
Tweet Share on Facebook 4:32PM June 28, 2012 CommentVATICAN CITY (AP) — The Vatican bank, one of the more secretive institutions of the secrecy-obsessed Vatican, opened itself up to a little external scrutiny Thursday in a bid to show it's serious about fighting money-laundering and being more financially transparent.
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Hospital stocks jump after health care ruling
Tweet Share on Facebook 4:24PM June 28, 2012 CommentWASHINGTON (AP) — Hospital stocks rose sharply Thursday after the Supreme Court guaranteed them millions more paying customers by upholding the core of President Barack Obama's health care overhaul.
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Brazil central bank slashes GDP forecast to 2.5pct
Tweet Share on Facebook 4:22PM June 28, 2012 CommentBRASILIA, Brazil (AP) — Brazil's Central Bank has sharply lowered its forecast for the nation's economic growth this year.
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US clears China, Singapore from Iran oil sanctions
Tweet Share on Facebook 3:41PM June 28, 2012 CommentWASHINGTON (AP) — The Obama administration on Thursday cleared China and Singapore from possible U.S. economic penalties, citing their sharp cuts in imports of Iranian oil, as an American deadline arrived for banks to stop processing petroleum transactions with Tehran.
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News Corp announces plans to split
Tweet Share on Facebook 3:32PM June 28, 2012 CommentNEW YORK (AP) — Calling it the next logical step in an evolution over nearly six decades, Rupert Murdoch's News Corp. said Thursday that it will split into two publicly traded companies.
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Polish game on communist hardships goes global
Tweet Share on Facebook 2:29PM June 28, 2012 CommentWARSAW, Poland (AP) — A popular Polish board game based on the hardships of communism is now available in international editions.
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French trader's lawyers ask court for acquittal
Tweet Share on Facebook 2:19PM June 28, 2012 CommentPARIS (AP) — Lawyers for French trader Jerome Kerviel, who is appealing his conviction for covering up billions of dollars in losses, asked a court Thursday to acquit their client and not be duped by the top bank that employed him.
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Southwest will try out live TV on 5 planes
Tweet Share on Facebook 12:54PM June 28, 2012 CommentDALLAS (AP) — Southwest Airlines plans to sell live television service on five planes and expand it to more aircraft by mid-July.
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Top UK police officers probed over phone hacking
Tweet Share on Facebook 12:32PM June 28, 2012 CommentLONDON (AP) — Britain's police watchdog said Thursday that it was investigating two senior police officers whose force failed to act on information that could have blown open the phone hacking scandal well before it erupted last year.
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News Corp Announces Plans to Split
Tweet Share on Facebook 12:22PM June 28, 2012 Comment
The News Corporation building in New York.
NEW YORK (AP) — Calling it the next logical step in a near six-decade evolution, Rupert Murdoch's News Corp. said Thursday that it plans to split into two separate publicly traded companies.
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Stocks Drop After Health Care Law is Upheld
Tweet Share on Facebook 11:54AM June 28, 2012 Comment
Demonstrators react to the Supreme Court landmark decision on health care, Thursday, June 28, 2012, outside the court in Washington.
NEW YORK (AP) — Stocks are dropping sharply after the Supreme Court upheld the central provision of President Barack Obama's health care overhaul, a requirement that almost all Americans carry health insurance.
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IMF open to negotiating terms of Greece's bailout
Tweet Share on Facebook 11:52AM June 28, 2012 CommentWASHINGTON (AP) — The International Monetary Fund is open to adjusting the terms of a Greek bailout and will send a team to Greece next week to meet with the new government.
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High Court Upholds Key Part of Obama Health Law
Tweet Share on Facebook 11:27AM June 28, 2012 Comment
Demonstrators protest as they await a decision by the Supreme Court on the constitutionality of the Affordable Healthcare Act.
WASHINGTON (AP) — The Supreme Court on Thursday upheld the vast majority of President Barack Obama's historic health care overhaul, including the hotly debated core requirement that virtually all Americans have health insurance.
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The History of the U.S. Health Care Reform Effort
Tweet Share on Facebook 11:23AM June 28, 2012 Comment
Demonstrators protest as they await a decision by the U.S. Supreme Court on the constitutionality of the Affordable Healthcare Act.
WASHINGTON (AP) — The Supreme Court's decision to uphold President Barack Obama's health care law follows a century of debate over what role the government should play in helping people in the United States afford medical care. A look at the issue through the years:
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Reid: Time for Congress to deal with other matters
Tweet Share on Facebook 11:11AM June 28, 2012 CommentWASHINGTON (AP) — Senate Majority Leader Harry Reid is pleased by the Supreme Court's ruling in the health care case, and says it's time now for Congress to move on to other business.
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Boehner: Health ruling shows need to repeal law
Tweet Share on Facebook 10:59AM June 28, 2012 CommentWASHINGTON (AP) — House Speaker John Boehner says the Supreme Court ruling upholding the individual insurance requirement at the heart of President Barack Obama's health care overhaul shows the need to repeal the law.
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Opel approves plan to cut costs, boost brand
Tweet Share on Facebook 10:53AM June 28, 2012 CommentFRANKFURT, Germany (AP) — GM's struggling European unit Opel says its board of directors has signed off on a turnaround plan that envisages cost cuts, new models and efforts to win new export sales.
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NYTimes starts Chinese site; microblogs go offline
Tweet Share on Facebook 10:50AM June 28, 2012 CommentBEIJING (AP) — The New York Times started a Chinese-language website Thursday, generating so much interest in China that thousands of followers flocked to two of its microblogs accounts. Both were apparently taken offline for several hours, but it was not clear if government interference was the reason.
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US 30-year mortgage rate stays at record 3.66 pct.
Tweet Share on Facebook 10:16AM June 28, 2012 CommentWASHINGTON (AP) — The average U.S. rate on the 30-year fixed mortgage stayed this week at the lowest level on record. Cheap mortgages have helped drive a modest housing recovery and could give the broader economy a jolt at a time when the job market is weak.
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US economy grew at modest 1.9 percent rate
Tweet Share on Facebook 9:37AM June 28, 2012 CommentWASHINGTON (AP) — The U.S. economy expanded at a 1.9 percent annual rate in the first three months of the year, a weak pace that few economists see changing much this year.
