Business News
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Markets recover from stumble over Europe elections
Tweet Share on Facebook 4:38PM May 07, 2012 Comment (1)NEW YORK (AP) — Stock markets recovered around the world following an early stumble caused by election results in France and Greece that appeared to jeopardize Europe's plans for fighting its debt crisis.
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Study: Savings and risks in health insurance trend
Tweet Share on Facebook 4:05PM May 07, 2012 CommentWASHINGTON (AP) — It's the hottest trend in job-based health insurance: plans that give you a personal savings account for medical bills but also require you to pay a hefty share of costs before coverage kicks in.
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US, EU urge Iran to ease world nuclear concerns
Tweet Share on Facebook 2:14PM May 07, 2012 CommentVIENNA (AP) — The United States and Europe urged Iran on Monday to use upcoming talks with world powers to ease international worry that it may be aiming to develop nuclear arms, but Tehran said such concerns were based on "fake evidence" concocted to cause it political and economic harm.
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Buffett says investors shouldn't act on headlines
Tweet Share on Facebook 1:04PM May 07, 2012 Comment (1)OMAHA, Neb. (AP) — Billionaire Warren Buffett said Monday that Europe will have a hard time resolving its fiscal problems because of the structure of the European Union and this weekend's election results in Greece and France.
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Italian energy CEO shot in Genoa, has surgery
Tweet Share on Facebook 11:26AM May 07, 2012 CommentMILAN (AP) — Italian authorities were investigating after the CEO of an Italian nuclear engineering company was shot Monday as he left his home in the port city of Genoa.
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Twitter Plays Big Role in 2012 Campaign
Tweet Share on Facebook 11:08AM May 07, 2012 Comment
Twitter
NEW YORK (AP) — (at)BarackObama is on Twitter. So is (at)MittRomney. And so are all the voters following the 2012 presidential contest, whether they know it or not.
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Roche pulls plug on hoped-for cholesterol drug
Tweet Share on Facebook 10:59AM May 07, 2012 CommentGENEVA (AP) — Swiss drug maker Roche Holding AG has ended development of a cholesterol drug that it had hoped could achieve blockbuster status.
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Austerity now dirty word in Europe, but what next?
Tweet Share on Facebook 10:57AM May 07, 2012 CommentPARIS (AP) — The day after Francois Hollande rode to power in France on a slogan of "change now," the conversation in Europe was already different Monday: Austerity had become a dirty word.
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Talbots Struggling, Receives Buyout Offer
Tweet Share on Facebook 10:49AM May 07, 2012 Comment (1)
Clothes pin holding a dollar on clothesline.
HINGHAM, Mass. (AP) — Clothing retailer The Talbots Inc. said Monday that it has received a sweetened buyout offer from private equity firm Sycamore Partners that values the company at about $211 million.
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Irish Referendum Could be Influenced by Hollande
Tweet Share on Facebook 9:35AM May 07, 2012 Comment
President-elect Francois Hollande waves from the balcony of the Socialist Party headquarters in Paris Monday May 7, 2012. France has awoken to a new era after electing Socialist Hollande as president, a leftist pledging to buck Europe's austerity trend and NATO's timetable for Afghanistan.
WARSAW, Poland (AP) — Ireland's finance minister says the stance that French President-elect Francois Hollande takes on the European Union's fiscal treaty could affect whether Irish voters support it in a referendum later this month.
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Leading Finnish publisher Aatos Erkko dead at 79
Tweet Share on Facebook 8:15AM May 07, 2012 CommentHELSINKI (AP) — Aatos Erkko, the former head of Finland's largest media group and an ex-board member of Rupert Murdoch's News Corp., has died at the age of 79.
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IFC, MasterCard Foundation partner in Africa
Tweet Share on Facebook 8:11AM May 07, 2012 CommentJOHANNESBURG (AP) — The World Bank partner devoted to developing the private sector and The MasterCard Foundation will spend millions of dollars so more impoverished Africans can get loans and other financial services, officials said Monday.
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Clinton Presses India to Cut Oil Imports From Iran
Tweet Share on Facebook 6:48AM May 07, 2012 Comment
US Secretary of State Hillary Clinton speaks during the CEO Summit of the Americas in Cartagena.
NEW DELHI (AP) — U.S. Secretary of State Hillary Rodham Clinton urged energy-starved India on Monday to reduce its Iranian oil imports to keep up pressure on the Islamic republic to come clean about its nuclear program.
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Buffett says Europe's fiscal problems will linger
Tweet Share on Facebook 6:45AM May 07, 2012 CommentOMAHA, Neb. (AP) — Billionaire Warren Buffett says Europe will have a hard time resolving its fiscal problems because of the structure of the European Union and this weekend's election results in Greece and France.
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Greek election impasse heralds lengthy instability
Tweet Share on Facebook 6:16AM May 07, 2012 CommentATHENS, Greece (AP) — Greece sank deeper into a political and financial morass on Monday as initial efforts to form a new coalition government failed a day after angry voters punished parties backing the country's international bailout.
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Spain to present new bank clean-up measures
Tweet Share on Facebook 5:54AM May 07, 2012 CommentMADRID (AP) — Spain's prime minister said Monday the government will likely present this week new measures to help banks, a key source of worry over whether the country might need a financial bailout.
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Candidates against austerity lead in Italian vote
Tweet Share on Facebook 5:44AM May 07, 2012 CommentROME (AP) — Several candidates opposed to austerity measures were making a strong showing Monday in Italy's local elections, partial results indicated, in the first nationwide test for Premier Mario Monti since he was named to save Italy from its debt crisis.
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Qatar Telecom's Tunisian unit gets phone licenses
Tweet Share on Facebook 4:17AM May 07, 2012 CommentDUBAI, United Arab Emirates (AP) — Qatar's largest telecommunications provider said Monday its Tunisiana subsidiary has won licenses to operate fixed-line and 3G mobile services in Tunisia, boosting the Gulf state's influence in the North African nation.
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France president-elect Hollande has full plate
Tweet Share on Facebook 4:12AM May 07, 2012 CommentPARIS (AP) — On his whirlwind first day since winning the French presidential election, Socialist Francois Hollande was set to embark on a crash course in international politics, with a critical visit to Berlin, an invite to the White House, and two top summits already on the agenda.
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Biodiversity Could Be Casualty of Myanmar Openness
Tweet Share on Facebook 1:09AM May 07, 2012 Comment
Myanmar opposition leader Aung San Suu Kyi greets supporters from the gate of her house on the occasion of festivities marking the country's new year in Yangon.
As many as 40,000 gorgeously plumed birds known as the Gurney's pitta thrive in the lowland rainforests of economically backward Myanmar. Across the border, Thailand's last five pairs are guarded around the clock against snakes and human predators.
