Business News
-
US sales of new homes rose 3.3 percent in April
Tweet Share on Facebook 1:01PM May 23, 2012 CommentWASHINGTON (AP) — Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover.
-
Germany beefs up monitoring of nuclear shutdown
Tweet Share on Facebook 12:16PM May 23, 2012 CommentBERLIN (AP) — The German government will more closely oversee the country's move from nuclear power to renewable energy, Chancellor Angela Merkel said Wednesday — a mammoth 10-year project for Europe's biggest economy that has been going slowly so far.
-
Mogadishu's Bakara market clean-up upsets some
Tweet Share on Facebook 11:27AM May 23, 2012 CommentMOGADISHU, Somalia (AP) — Like many other residents of Mogadishu, Ali Osman, who sells wares at the Bakara market, had longed for an end to lawlessness and violence that plagued the capital for two decades.
-
Europe's leaders seek ways to boost growth
Tweet Share on Facebook 10:54AM May 23, 2012 CommentPARIS (AP) — The leaders of the 27 countries that make up the European Union will meet in Brussels on Wednesday to try and find a way to keep the debt crisis in Europe from spiraling out of control and promote jobs and growth.
-
Japanese video game author wins Spanish prize
Tweet Share on Facebook 10:27AM May 23, 2012 CommentMADRID (AP) — Japan's Shigeru Miyamoto, considered the father of the modern video game, has been awarded Spain's Prince of Asturias Award for Communication and Humanities.
-
Germany borrows at rock-bottom costs
Tweet Share on Facebook 8:06AM May 23, 2012 CommentFRANKFURT, Germany (AP) — Germany borrowed at almost no cost Wednesday when it sold €5 billion in two-year treasury notes at a rock-bottom interest rate.
-
EU leaders support growth, give few concrete plans
Tweet Share on Facebook 7:36AM May 23, 2012 CommentBRUSSELS (AP) — European Union leaders concluded their latest summit early Thursday with few concrete steps to fix the continent's festering financial crisis even as the potential for a messy Greek exit from the euro appears to be rising. Some leaders stressed the importance of planning for just such an event but offered no measures that might help Greece avoid it.
-
Milk Prices Sink as Small Dairies Go Under
Tweet Share on Facebook 7:19AM May 23, 2012 Comment
Gallon of Milk in Refrigerator
PLAINFIELD, Vt. (AP) — The MacLaren brothers are third-generation dairy farmers, but they will likely be the last in their family.
-
Outerwear powers Burberry annual profit gain
Tweet Share on Facebook 7:10AM May 23, 2012 CommentLONDON (AP) — Luxury goods maker Burberry Group PLC said Wednesday that sales of its signature trench coats and other outdoor wear led a 26 percent gain in full-year profit.
-
Sharp drop in UK retail sales boosts stimulus case
Tweet Share on Facebook 6:17AM May 23, 2012 CommentLONDON (AP) — Retail sales fell sharply in Britain during the wettest April in a century, official data showed Wednesday, a piece of bad economic news which analysts say could help prod the Bank of England to approve more monetary stimulus.
-
Asia stocks mixed as Europe holds another summit
Tweet Share on Facebook 5:18AM May 23, 2012 CommentBANGKOK (AP) — Asian stock markets struggled to make headway Thursday as the lack of a breakthrough in Europe's attempts to shake off its debt crisis kept sentiment gloomy.
-
Mazda, Fiat to work together on small convertible
Tweet Share on Facebook 3:02AM May 23, 2012 CommentTOKYO (AP) — Mazda Motor Corp. and Fiat SpA are working together on developing and manufacturing a roadster, or two-seater convertible, although the automakers will come up with different, distinctly styled models.
-
Romney Oil Adviser Also a Big Super PAC Donor
Tweet Share on Facebook 2:52AM May 23, 2012 Comment
Republican presidential candidate Mitt Romney greets the crowd during a campaign stop in St. Petersburg, Florida.
WASHINGTON (AP) — Oklahoma oil billionaire Harold Hamm didn't wait long to make a nearly $1 million donation to a group supporting Republican presidential candidate Mitt Romney after he became one of Romney's top energy advisers in March. Just weeks after Hamm joined the Romney campaign, he gave $985,000 to a pro-Romney super PAC, according to campaign reports.
-
Syria says sanctions have cost country $4 billion
Tweet Share on Facebook 1:07AM May 23, 2012 CommentDAMASCUS, Syria (AP) — Syria's oil minister blamed international sanctions Wednesday for shortages of cooking gas and other basic goods, saying the measures have bled $4 billion from the nation's ailing economy.
-
Regulators Probe Bank's Role in Facebook IPO
Tweet Share on Facebook 12:34AM May 23, 2012 Comment
The Nasdaq board in Time's Square advertises the Facebook IPO in New York.
WASHINGTON (AP) — Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading.
-
Late Auto-Loan Payments Down
Tweet Share on Facebook 12:19AM May 23, 2012 Comment
Car dealership
LOS ANGELES (AP) — The rate of late payments for auto loans fell nationally in the first three months of the year to the lowest level in more than a decade, even as lenders financed more vehicle purchases for high-risk borrowers.
-
World Bank says Europe, US might hurt Asian growth
Tweet Share on Facebook 10:03PM May 22, 2012 CommentBEIJING (AP) — East Asia's developing economies could face a shock from China's slowdown and need to boost domestic demand to offset weak exports due to a sluggish U.S. recovery and Europe's debt crisis, the World Bank said Wednesday.
-
Ford to get blue oval back after second upgrade
Tweet Share on Facebook 9:27PM May 22, 2012 CommentDETROIT (AP) — Ford Motor Co. is getting its blue oval logo back.
-
Silicon Valley tech exec accused of Lego thefts
Tweet Share on Facebook 8:08PM May 22, 2012 CommentSAN JOSE, Calif. (AP) — Authorities say a Silicon Valley software executive put fake bar codes on Lego sets at various Target stores, bought the toys at a steep discount, then sold them online for thousands of dollars.
-
Best Buy profit falls, adj. earns tops Street view
Tweet Share on Facebook 7:42PM May 22, 2012 CommentNEW YORK (AP) — Best Buy Co. said Tuesday that its fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing a turnaround plan.
