Business News
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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.
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Euro crisis far from over, stock analysts warn
Tweet Share on Facebook 4:50AM June 18, 2012 CommentWASHINGTON (AP) — A slim victory for the main conservative party in an election in Greece should relax fears that a country will stop using the euro for the first time and possibly unleash global financial turmoil.
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APNewsBreak: Prosecutors say Alpha mines safer
Tweet Share on Facebook 4:21AM June 18, 2012 CommentMORGANTOWN, W.Va. (AP) — Alpha Natural Resources has significantly cut its accident and injury rates in the six months since a landmark $210 million settlement that spared the company criminal charges over the 2010 mine explosion that killed 29 workers, federal prosecutors say.
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Possible outcomes in pending health care law case
Tweet Share on Facebook 3:10AM June 18, 2012 CommentWASHINGTON (AP) — Some are already anticipating the Supreme Court's ruling on President Barack Obama's health care law as the "decision of the century." But the justices are unlikely to have the last word on America's tangled efforts to address health care woes. The problems of high medical costs, widespread waste, and tens of millions of people without insurance will require Congress and the president to keep looking for answers, whether or not the Affordable Care Act passes the test of constitutionality.
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GOP on Health Care: No Quick Replacement
Tweet Share on Facebook 3:07AM June 18, 2012 Comment
stethoscope and pen resting on a sheet of medical lab test results, with patient file and x-ray or mri film
WASHINGTON (AP) — Congressional Republicans intend to seek quick repeal of any parts of the health care law that survive a widely anticipated Supreme Court ruling, but don't plan to push replacement measures until after the fall elections or perhaps 2013.
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India interest rate unchanged on inflation fears
Tweet Share on Facebook 1:40AM June 18, 2012 CommentMUMBAI, India (AP) — India's central bank left its key interest rate unchanged Monday due to inflation concerns, thwarting hopes of a rate cut to kickstart flagging growth in Asia's third-largest economy.
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Fairfax Media to shed 1,900 jobs over 3 years
Tweet Share on Facebook 8:06PM June 17, 2012 CommentCANBERRA, Australia (AP) — Australian multimedia company Fairfax Media Ltd. announced Monday it will shed 1,900 jobs over three years as part of a restructure.
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Asian stocks rise after Greek vote eases fears
Tweet Share on Facebook 7:33PM June 17, 2012 CommentTOKYO (AP) — Asian stock markets climbed early Monday after elections in Greece eased fears of global financial turmoil.
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Financial journalist Dan Dorfman dies at 82
Tweet Share on Facebook 6:30PM June 17, 2012 CommentNEW YORK (AP) — Financial journalist Dan Dorfman, known for moving stock prices in the 1990s with his comments on CNBC, has died. He was 82.
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Crunch time in Europe: What should investors do?
Tweet Share on Facebook 6:06PM June 17, 2012 CommentCHICAGO (AP) — It's gut-check time for investors. Again.
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Munich voters reject extra airport runway
Tweet Share on Facebook 3:53PM June 17, 2012 CommentBERLIN (AP) — Voters in Munich have rejected plans to build a third runway at the city's airport, the second-busiest in Germany after Frankfurt.
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Facebook settles sponsored stories suit for $10M
Tweet Share on Facebook 3:14PM June 17, 2012 CommentFacebook is paying $10 million to settle a lawsuit over ads that it called sponsored stories.
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Accounting for natural wealth gains world traction
Tweet Share on Facebook 3:13PM June 17, 2012 CommentNEW DELHI (AP) — What is a sip of clean water worth? Is there economic value in the shade of a tree? And how much would you pay for a breath of fresh air?
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Summit lets Obama, Putin size up the competition
Tweet Share on Facebook 7:43AM June 17, 2012 CommentWASHINGTON (AP) — President Barack Obama and Russian President Vladimir Putin will use their meeting Monday, the first since Putin returned to Russia's top job, to claim leverage in a mutually dependent but volatile relationship.
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Mexican president expects big IMF firewall boost
Tweet Share on Facebook 6:11PM June 16, 2012 CommentLOS CABOS, Mexico (AP) — G20 summit host President Felipe Calderon of Mexico said Saturday that he expects the world's largest economies to deliver more than the $430 billion pledged to stop the spread of the European financial crisis.
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Spain PM brushes off IMF austerity advice for now
Tweet Share on Facebook 3:40PM June 16, 2012 CommentMADRID (AP) — Spain will not immediately implement the International Monetary Fund's latest recommendations, which include cutting government workers' wages further, because they are nonbinding advice, the prime minister said Saturday.
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Affairs of politics and heart mark French election
Tweet Share on Facebook 2:54PM June 16, 2012 CommentPARIS (AP) — Back-room deals, black lists and bitter duels. Political and personal intrigue has wormed its way into Sunday's final round of French legislative elections.
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Americans hang on after recession claims wealth
Tweet Share on Facebook 1:39PM June 16, 2012 CommentLooking back, the financial lives many Americans enjoyed until just a few years ago can seem like a mirage.
