Business News
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Justices debating tribal casino lawsuit
Tweet Share on Facebook 3:13PM April 24, 2012 CommentWASHINGTON (AP) — Several Supreme Court justices seemed troubled Tuesday at the thought of letting a lawsuit move forward that aims to shut down an already opened tribal casino in southwestern Michigan.
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Senate rejects measure to nullify union rules
Tweet Share on Facebook 3:00PM April 24, 2012 CommentWASHINGTON (AP) — The Senate rejected a Republican attempt Tuesday to overturn new regulations designed to give unions quicker representation elections in their effort to organize more workplaces.
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Foreclosures squeezing US home prices and sales
Tweet Share on Facebook 2:38PM April 24, 2012 CommentWASHINGTON (AP) — Rising foreclosures are weighing on the U.S. housing market, reducing prices and keeping new-home sales weak.
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Angry EU voters, citizens rebel against austerity
Tweet Share on Facebook 2:00PM April 24, 2012 CommentBRUSSELS (AP) — For more than a year, European Union officials have called for austerity, austerity and more austerity as a means to solve Europe's debt crisis. Now people who don't want to pay the price are taking their fight from the streets to the ballot box.
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Fed likely to keep stance on rates and bond buys
Tweet Share on Facebook 1:56PM April 24, 2012 CommentWASHINGTON (AP) — The Federal Reserve will have plenty to say about the economy Wednesday, when its two-day policy meeting ends with a statement, updated forecasts and Chairman Ben Bernanke's latest news conference.
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US new-home sales off 7 percent in March
Tweet Share on Facebook 12:00PM April 24, 2012 CommentWASHINGTON (AP) — Sales of new homes fell in March by the largest amount in more than a year, indicating that the U.S. housing market remains under strain despite some modest signs of improvement.
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France's Hollande to renegotiate European treaty
Tweet Share on Facebook 11:24AM April 24, 2012 CommentPARIS (AP) — French presidential front-runner Francois Hollande says that if he's elected, he would immediately ask other European leaders to renegotiate the fiscal treaty aimed at reducing debts to include measures to encourage growth.
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Obamacare Collapse Would Put Employers in Charge
Tweet Share on Facebook 11:24AM April 24, 2012 Comment (1)
An anti-Obama healthcare glove is worn in front of the U.S. Supreme Court building in Washington, D.C. Today is the second of three days the high court has set aside to hear six hours of arguments over the constitutionality of President Barack Obama's Patient Protection and Affordable Care Act.
WASHINGTON (AP) — If the Supreme Court strikes down President Barack Obama's health care overhaul, don't look to government for what comes next.
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Americans' remain confident in April
Tweet Share on Facebook 10:03AM April 24, 2012 CommentNEW YORK (AP) — Americans' confidence in the economy held steady in April from the previous month despite rising gas prices and falling home values, says a private research group.
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US Steel posts 1Q loss on Serbian plant sale
Tweet Share on Facebook 9:32AM April 24, 2012 CommentPITTSBURGH (AP) — United States Steel Corp. said Tuesday its loss widened in the first quarter as it took a $399 million charge for the sale of its Serbian manufacturing plant.
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For cheap fuel, Nigeria bought massive corruption
Tweet Share on Facebook 9:17AM April 24, 2012 CommentLAGOS, Nigeria (AP) — For the price of cheap gasoline, Nigeria paid billions of dollars into a corrupt government system of fuel subsidies that saw huge contracts awarded to shady companies without any oversight, according to a lawmakers' report.
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Higher prices boost Hershey 1Q results
Tweet Share on Facebook 9:06AM April 24, 2012 CommentHERSHEY, Pa. (AP) — The first quarter was a sweet one for The Hershey Co.
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South Sudan president: Sudan has 'declared war'
Tweet Share on Facebook 8:09AM April 24, 2012 CommentNAIROBI, Kenya (AP) — South Sudan's president said its northern neighbor has "declared war" on the world's newest nation, just hours after Sudanese jets dropped eight bombs on his country.
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United Tech's 1Q profit up minus business sales
Tweet Share on Facebook 7:29AM April 24, 2012 CommentHARTFORD, Conn. (AP) — United Technologies Corp. says net income from continuing operations rose more than 19 percent during the first quarter, factoring out the businesses that the manufacturer put up for sale.
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Swiss Scientists Demonstrate Mind-Controlled Robot
Tweet Share on Facebook 6:41AM April 24, 2012 Comment
Doctor points to a section of the brain on an MRI scan.
LAUSANNE, Switzerland (AP) — Swiss scientists have demonstrated how a partially paralyzed person can control a robot by thought alone, a step they hope will one day allow immobile people to interact with their surroundings through so-called avatars.
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Bank of Greece: recession worse than expected
Tweet Share on Facebook 6:21AM April 24, 2012 CommentATHENS, Greece (AP) — The Bank of Greece warned Tuesday that the country faces a worse-than-expected recession in 2012, with the economy set to shrink 5 percent. It also urged politicians to make a swift return to cost-cutting measures after the May 6 general election or face "particularly harmful" economic consequences.
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Stora Enso Q1 profit halves to $97 million
Tweet Share on Facebook 6:19AM April 24, 2012 CommentHELSINKI (AP) — Paper maker Stora Enso Oyj's first-quarter net profit halved to €74 million ($97 million), mainly because of lower paper prices and smaller demand for renewable packaging materials.
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At inquiry, Rupert Murdoch defends 50-year record
Tweet Share on Facebook 4:41AM April 24, 2012 CommentLONDON (AP) — News Corp. chairman Rupert Murdoch defended his globe-spanning, half-a-century long media career Wednesday, telling an inquiry into U.K. media ethics that he never called in favors from the powerful people his papers covered.
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Caretaker Dutch PM seeks consensus on cuts
Tweet Share on Facebook 3:24AM April 24, 2012 CommentTHE HAGUE, Netherlands (AP) — Caretaker Prime Minister Mark Rutte appealed to a polarized Dutch Parliament on Tuesday to help him make painful budget cuts rather than let the country drift in political limbo until new elections.
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US asparagus industry sees slight recovery
Tweet Share on Facebook 3:02AM April 24, 2012 CommentPASCO, Wash. (AP) — Asparagus farmers crushed for decades by a flood of South American imports have begun to expand production again in the hope that healthy eating trends will help bolster prices and sales of their stalks.
