Business News
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Air New Zealand names former Unilever exec as CEO
Tweet Share on Facebook 7:42PM June 18, 2012 CommentWELLINGTON, New Zealand (AP) — Air New Zealand is naming former Unilever executive Christopher Luxon as its new leader.
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FDA focuses on toxic side effects with Onyx drug
Tweet Share on Facebook 6:05PM June 18, 2012 CommentWASHINGTON (AP) — The toxic side effects of an experimental cancer drug from Onyx Pharmaceuticals may outweigh its benefits for patients with a type of blood cancer, federal health regulators said Monday.
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U.S. Stocks Meander as European Debt Crisis Festers
Tweet Share on Facebook 4:26PM June 18, 2012 Comment
MoneyHP-Carousel -- Closeup of a market board
Crisis-weary investors scoffed Monday at what had appeared to be a hopeful turn in the European debt crisis: a victory for pro-Europe parties in a Greek election. U.S. stocks were little changed, and borrowing costs for Spain surged to alarming levels.
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Shows boost box office take a week after Tonys
Tweet Share on Facebook 4:20PM June 18, 2012 CommentNEW YORK (AP) — Tony Award-winning shows got a financial bounce last week on Broadway, with "Once," ''Newsies," ''One Man, Two Govnors," the revival of "Porgy and Bess" and "Venus in Fur" among the biggest winners.
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Klein gives up role in News Corp hacking probe
Tweet Share on Facebook 4:00PM June 18, 2012 CommentNEW YORK (AP) — Former U.S. assistant attorney general Joel Klein is relinquishing his role as head of News Corp.'s internal probe into phone hacking at its British newspaper unit. He is surrendering the duties to Gerson Zweifach, a company lawyer.
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AP Exclusive: Feds: Design led to nuke plant woes
Tweet Share on Facebook 3:09PM June 18, 2012 CommentCAPISTRANO BEACH, Calif. (AP) — After months of investigation, federal regulators have determined that design flaws appear to be the cause of excessive wear in tubing that carries radioactive water through California's troubled San Onofre nuclear power plant, a top federal regulator said.
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Greek coalition talks to enter 2nd day
Tweet Share on Facebook 2:47PM June 18, 2012 CommentATHENS, Greece (AP) — Greece's two pro-bailout parties appeared likely Monday to agree on forming a coalition government after a bruising election watched closely because of its potential impact on the world economy, but negotiations were pushed to a second day after the head of the socialist party insisted on a broad partnership.
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Parties are worlds apart on how to fix economy
Tweet Share on Facebook 1:03PM June 18, 2012 CommentWASHINGTON (AP) — Millions of Americans are desperate for work, runaway government spending clouds the future and Democratic and Republican candidates are busy making one thing clear: They're light years apart on what to do about it.
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Spain crisis: Bond yield hits bailout danger zone
Tweet Share on Facebook 12:40PM June 18, 2012 CommentMADRID (AP) — Spain's ability to manage its debt without an international bailout was thrown into doubt Monday after investors pushed its borrowing rates up to the level at which Greece, Portugal and Ireland had sought help.
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Tax banks, hire teachers: France's new agenda
Tweet Share on Facebook 12:36PM June 18, 2012 CommentPARIS (AP) — France is now officially a land of the left, and the next parliament is set to prove it with a raft of new taxes on the powerful and increased spending on youth.
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High court says no OT pay for drug sales reps
Tweet Share on Facebook 11:43AM June 18, 2012 CommentWASHINGTON (AP) — The Supreme Court has ruled that sales representatives for pharmaceutical companies do not qualify for overtime pay under federal law, a big victory for the drug industry.
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U.S. Builder Confidence at Five-Year High
Tweet Share on Facebook 11:35AM June 18, 2012 Comment
Construction workers at a new apartment complex in Alhambra, Calif.
WASHINGTON (AP) — Confidence among U.S. builders ticked up this month to a five-year high, an indication that the housing market is slowly improving.
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A welcome let-up in health costs that may not last
Tweet Share on Facebook 11:26AM June 18, 2012 CommentWASHINGTON (AP) — Is it too good to be true?
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Microsoft to Make 'Major' Announcement
Tweet Share on Facebook 11:08AM June 18, 2012 Comment
Vista's Media Center can't record new digital channels.
LOS ANGELES (AP) — Microsoft is expected to make a "major" announcement Monday. Speculation about the Los Angeles media event is that the company plans to unveil either a tablet computer or a system that uses an upcoming version of Windows to help people access TV shows and movies across a range of devices.
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Mexico network agrees to telecom opening condition
Tweet Share on Facebook 10:57AM June 18, 2012 CommentMEXICO CITY (AP) — Mexico's dominant television network says it has agreed to conditions set by regulators for allowing it to enter the cellphone market.
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Relief From Greek Election Likely to be Fleeting
Tweet Share on Facebook 9:23AM June 18, 2012 Comment
A collection of old Greek Drachma and euro money.
ATHENS (AP) — Greece's election result has eased fears of an imminent financial disaster for Europe, but the region's indebted governments remain under heavy pressure. Spain and Italy are fighting to keep their borrowing costs down and European leaders are struggling to find agreement on how best to fix the shared currency's deeper problems.
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After vote, reformist French Cabinet gets new look
Tweet Share on Facebook 9:13AM June 18, 2012 CommentPARIS (AP) — President Francois Hollande's Socialist government formally resigned Monday after the legislative election, a tradition that sets the stage for a more muscular leftist government to push through changes such as higher taxes on corporate titans and hiring more teachers.
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Feds expand Toyota fire probe to 1.4M autos
Tweet Share on Facebook 9:01AM June 18, 2012 Comment
Toyota
The government has added 600,000 Toyota Camrys and other vehicles to an investigation of fires in power window switches. The probe now includes more than 1.4 million cars and SUVS.
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ExxonMobil ends shale gas exploration in Poland
Tweet Share on Facebook 8:58AM June 18, 2012 CommentWARSAW, Poland (AP) — ExxonMobil said it is ending its exploration for shale gas in Poland after finding insufficient amounts of gas in two exploratory wells in the country's east.
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Fabricated bank adds to China's list of fakery
Tweet Share on Facebook 5:07AM June 18, 2012 CommentBEIJING (AP) — In a China awash with fake iPhones, pirated DVDs and knockoff Louis Vuitton bags, rice trader Lin Chunping took fakery to a whole new level: He invented a U.S. bank and claimed he bought it.
