Business News
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Israel gets 4th nuke-capable German submarine
Tweet Share on Facebook 12:12PM May 03, 2012 CommentJERUSALEM (AP) — Israel on Thursday received its fourth German-made submarine capable of launching nuclear warheads, expanding a fleet that experts say could be used in an attack on Iran.
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Pension Fund Urges Vote Against Walmart Directors
Tweet Share on Facebook 12:06PM May 03, 2012 Comment
NEW YORK (AP) — New York City Pension Funds is urging shareholders to vote against the re-election of Wal-Mart Stores Inc. CEO Mike Duke and four other board members due to concerns about the world's largest retailer's bribery investigation in Mexico.
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Oil below $102 as traders eye key US jobs data
Tweet Share on Facebook 11:43AM May 03, 2012 CommentSINGAPORE (AP) — Oil prices fell below $102 a barrel Friday in Asia amid investor concern U.S. jobs growth last month may disappoint and suggest demand is weakening.
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US service companies expand at slower pace
Tweet Share on Facebook 11:33AM May 03, 2012 CommentWASHINGTON (AP) — U.S. service companies, which employ roughly 90 percent of the work force, expanded more slowly in April. Companies saw less growth in new orders and hired at a weaker pace.
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Viacom 2Q earnings up 56 percent
Tweet Share on Facebook 11:18AM May 03, 2012 CommentNEW YORK (AP) — Viacom Inc., the owner of Paramount Pictures, MTV and Nickelodeon, on Thursday said its net income rose 56 percent in the latest quarter, even though a slate of movies that was lackluster compared with last year held back revenue.
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U.S. Rate on 30-year Mortgage Hits Record Low
Tweet Share on Facebook 10:33AM May 03, 2012 Comment
A sign advertises a pending residential real estate sale in Framingham, Mass.
WASHINGTON (AP) — Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, offering more incentive for Americans to buy or refinance homes.
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MGM 1Q loss balloons as costs increase
Tweet Share on Facebook 10:10AM May 03, 2012 CommentLAS VEGAS (AP) — MGM Resorts International said Thursday its first quarter loss ballooned as higher costs and some one-time charges overshadowed a huge jump in sales.
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Freddie asks for $19M in aid after 1Q loss
Tweet Share on Facebook 9:31AM May 03, 2012 CommentWASHINGTON (AP) — Government-controlled mortgage giant Freddie Mac is requesting $19 million in additional federal aid after posting a loss for the first quarter of this year.
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ECB chief sees slow recovery, offers no new help
Tweet Share on Facebook 7:47AM May 03, 2012 CommentBARCELONA, Spain (AP) — European Central Bank President Mario Draghi offered little prospect that the bank would deliver more support for the struggling economies of the 17-country eurozone, instead urging governments to agree a growth strategy that would work alongside tough spending cuts.
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Heathrow Failing to Meet Waiting Time Targets
Tweet Share on Facebook 7:07AM May 03, 2012 Comment
Travelers walk down a concourse at Chicago's O'Hare International Airport.
LONDON (AP) — The owner of Heathrow Airport says border control officers are failing to meet their waiting time targets for non-EU passengers but are hitting the mark for carriers of EU passports.
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Spain auctions $3.3BN in mid-term debt
Tweet Share on Facebook 6:02AM May 03, 2012 CommentMADRID (AP) — Spain managed to beat its targets for an auction of medium-term debt, but at sharply higher interest rates, in its first bond sale since its credit rating was downgraded over fears that it may seek a bailout.
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France's borrowing costs fall in $9.7BN auction
Tweet Share on Facebook 5:29AM May 03, 2012 CommentPARIS (AP) — France's borrowing costs fell in a bond auction that sold €7.4 billion ($9.7 billion) in long-term debt.
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Ahead of the Bell: U.S. Unemployment Benefits
Tweet Share on Facebook 5:21AM May 03, 2012 Comment
unemployment
WASHINGTON (AP) — The number of people seeking U.S. unemployment benefits likely fell last week after rising in the past month. A drop in applications would ease concerns that hiring is slowing.
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Dubai shipyard firm could build underwater hotels
Tweet Share on Facebook 4:47AM May 03, 2012 CommentDUBAI, United Arab Emirates (AP) — Dubai is splashing into the business of underwater hotels again.
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Greenpeace activists arrested after Sweden protest
Tweet Share on Facebook 4:22AM May 03, 2012 CommentSTOCKHOLM (AP) — Swedish police on Thursday arrested six Greenpeace activists after they boarded an icebreaker off Sweden's southeast coast, forcing authorities to tow the ship it back into land.
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Bank of England chief predicts UK recovery
Tweet Share on Facebook 4:14AM May 03, 2012 CommentLONDON (AP) — Britain's economy should start growing again this year, though the recovery from recession is likely to be slow, the Bank of England's governor said Thursday a day after he conceded that the central bank should have done more to rein in bank excesses in the run-up to the financial crisis.
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AP survey: Steady job gains to sustain US recovery
Tweet Share on Facebook 3:34AM May 03, 2012 CommentWASHINGTON (AP) — Hiring through the rest of 2012 will lag the brisk pace set early this year. But it will be strong enough to push the unemployment rate below 8 percent by Election Day.
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Societe Generale profit down on investment banking
Tweet Share on Facebook 2:40AM May 03, 2012 CommentPARIS (AP) — French bank Societe Generale said Thursday its earnings dropped sharply in the first quarter as it continued with its efforts to meet new international banking capital requirements.
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Scandinavian airline SAS sees Q1 loss widen
Tweet Share on Facebook 2:33AM May 03, 2012 CommentSTOCKHOLM (AP) — Scandinavian airline group SAS blamed high jet fuel prices and the economic crisis for a nearly doubling its losses in the first quarter of the year.
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BMW profit up 18 percent on China, US
Tweet Share on Facebook 2:22AM May 03, 2012 CommentFRANKFURT, Germany (AP) — Booming sales in China and new versions of key models pushed automaker BMW AG's earnings higher by 18 percent in the first quarter to €1.35 billion ($1.77 billion).
