Business News
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Phone hacking investigator in UK Supreme Court bid
Tweet Share on Facebook 3:58AM May 08, 2012 CommentLONDON (AP) — A private investigator jailed for hacking phones for Rupert Murdoch's News of the World asked Britain's Supreme Court on Tuesday to back his bid to keep mum about who ordered him to conduct the illegal eavesdropping.
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Painted ads resurface in NYC as urban 'modern art'
Tweet Share on Facebook 3:25AM May 08, 2012 CommentNEW YORK (AP) — New York is sprinkled with barely visible old ads painted on the sides of buildings — remnants of lost eras of urban life. Now, they're making a comeback as a nostalgic art form.
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Aviva CEO quits after shareholder revolt on pay
Tweet Share on Facebook 3:01AM May 08, 2012 CommentLONDON (AP) — The chief executive of Aviva, Britain's largest insurer, has resigned following a shareholder revolt over executive pay, the company said Tuesday.
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Statoil profits down, sales up in first quarter
Tweet Share on Facebook 2:20AM May 08, 2012 CommentOSLO, Norway (AP) — Norwegian oil company Statoil ASA on Tuesday said net profit dropped 4 percent in the first quarter, though the decline had much to do with the sale of a stake in a Canadian oil sands project that boosted the same quarter a year ago.
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China to Begin Deep Water Drilling in Disputed Sea
Tweet Share on Facebook 1:50AM May 08, 2012 Comment
Chinese flag
BEIJING (AP) — China's first deep water oil drill is ready to start production in the South China Sea amid an ongoing standoff with the Philippines in another section of the contested waters.
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T-Mobile picks Ericsson, Nokia Siemens for network
Tweet Share on Facebook 12:19AM May 08, 2012 CommentNEW ORLEANS (AP) — T-Mobile USA on Tuesday said that Nokia Siemens Networks and LM Ericsson AB will supply the network equipment for its new wireless broadband network, a project worth $4 billion.
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Yahoo CEO apologizes for bogus college degree
Tweet Share on Facebook 11:26PM May 07, 2012 CommentSAN FRANCISCO (AP) — Yahoo CEO Scott Thompson is sorry for allowing an inaccuracy about his education to appear in his official bio, but not remorseful enough to heed calls for him to resign.
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Asia stocks fall amid Greek political chaos
Tweet Share on Facebook 11:10PM May 07, 2012 CommentBANGKOK (AP) — Asian stock markets fell Wednesday, spooked by disappointing U.S. corporate earnings and fears that political turmoil in debt-crippled Greece is pushing it closer to financial disaster.
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Australia forecasting budget surplus in new year
Tweet Share on Facebook 9:39PM May 07, 2012 CommentCANBERRA, Australia (AP) — Australia's government is preparing to reveal a spending plan that would make it the first major economy to return to a budget surplus after the global financial crisis.
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US consumers stepped up borrowing in March
Tweet Share on Facebook 9:32PM May 07, 2012 CommentWASHINGTON (AP) — Americans swiped their credit cards more often in March and took out more loans to attend school. That drove the biggest one-month increase in U.S. consumer borrowing in a decade.
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BPI closing 3 plants, blaming 'pink slime' uproar
Tweet Share on Facebook 8:54PM May 07, 2012 CommentLINCOLN, Neb. (AP) — Beef Products Inc. will close processing plants in three states this month because of the controversy surrounding its meat product that critics have dubbed "pink slime," a company official said Monday.
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Jury deadlocks on key issue in Google-Oracle trial
Tweet Share on Facebook 7:34PM May 07, 2012 CommentSAN FRANCISCO (AP) — A federal jury failed to agree on a pivotal issue in Oracle's copyright-infringement case against Google, blunting the impact of its finding that Google relied on another company's technology to build its popular Android software for mobile devices.
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Abbott Labs agrees to pay $1.5B over Depakote
Tweet Share on Facebook 6:26PM May 07, 2012 CommentWASHINGTON (AP) — Abbott Laboratories has pleaded guilty and agreed to pay $1.5 billion over allegations that it promoted the anti-seizure drug Depakote for uses that were not approved by the Food and Drug Administration.
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Electric Toyota RAV4 to start near $50,000
Tweet Share on Facebook 5:41PM May 07, 2012 CommentDETROIT (AP) — Toyota's electric RAV4 will save you gas. But it'll cost you.
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GOP plan protects Pentagon, cuts social programs
Tweet Share on Facebook 5:40PM May 07, 2012 CommentWASHINGTON (AP) — Moving to protect the military from a crippling wave of budget cuts next year, a key House committee voted Monday to cut instead food aid, health care and social services like Meals on Wheels.
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Cities seek more money from tax-exempt colleges
Tweet Share on Facebook 5:27PM May 07, 2012 CommentPROVIDENCE, R.I. (AP) — Wary of tax increases, weary of layoffs and determined to avoid bankruptcy, Providence Mayor Angel Taveras had only to gaze up at his city's Ivy League campus to see a way out of the morass.
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'Avengers' ups dollar power with $207.4M opening
Tweet Share on Facebook 5:20PM May 07, 2012 CommentLOS ANGELES (AP) — "The Avengers" has extended its box-office superpowers with a record $207.4 million opening weekend domestically, an even bigger start than originally projected.
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Other nations welcome Hollande's French victory
Tweet Share on Facebook 4:59PM May 07, 2012 CommentOfficials in many countries have welcomed Francois Hollande's victory in the French presidential election. Here are some of their comments.
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Oil hovers below $98 amid weak US, Europe demand
Tweet Share on Facebook 4:58PM May 07, 2012 CommentSINGAPORE (AP) — Oil prices hovered below $98 a barrel Tuesday in Asia as traders eyed signs of weak economic growth in the U.S. and Europe, which suggest crude demand will remain tepid.
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Exxon Mobil tops Fortune 500 list
Tweet Share on Facebook 4:43PM May 07, 2012 CommentNEW YORK (AP) — Exxon Mobil has bumped Wal-Mart from first place among the Fortune 500 top revenue-generating U.S. companies thanks to rising oil prices.
