Business News
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Again? Wal-Mart's rep takes another beating
Tweet Share on Facebook 6:54PM May 11, 2012 CommentNEW YORK (AP) — In business, you're only as good as your last good deed.
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Q&A on surprise $2B trading loss at JPMorgan
Tweet Share on Facebook 5:50PM May 11, 2012 CommentNEW YORK (AP) — How can a bank lose $2 billion in six weeks?
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Fitch downgrades JPMorgan Chase & Co.
Tweet Share on Facebook 5:50PM May 11, 2012 CommentNEW YORK (AP) — Fitch Ratings downgraded its assessment of America's biggest bank, JPMorgan Chase & Co., on Friday.
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FDA reviews first rapid, take-home test for HIV
Tweet Share on Facebook 5:33PM May 11, 2012 CommentWASHINGTON (AP) — The Food and Drug Administration is considering approval of the first over-the-counter HIV test that would allow consumers to quickly test themselves for the virus at home, without medical supervision.
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Stock market decline is muted, despite bank slump
Tweet Share on Facebook 4:48PM May 11, 2012 CommentJPMorgan's surprise $2 billion trading loss prompted a sell-off in financial stocks Friday, with smaller declines across the broader market as investors decided this was more of a problem for investment banks than for other industries.
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Oil price declines on slower China growth
Tweet Share on Facebook 3:16PM May 11, 2012 CommentNEW YORK (AP) — The price of oil fell Friday after reports that China's economy appears to be slowing down.
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Canadian adds 58,200 jobs in April
Tweet Share on Facebook 12:52PM May 11, 2012 CommentTORONTO (AP) — Canada reported its best two-month jobs gain in three decades with news that the economy churned out 58,200 new jobs in April, but more people looking for work pushed the unemployment rate to 7.3 percent, Statistics Canada said Friday.
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Bank stocks tumble on JPMorgan's trading loss
Tweet Share on Facebook 12:08PM May 11, 2012 CommentNEW YORK (AP) — Shares of the major U.S. banks tumbled Friday on news that JPMorgan Chase, the country's largest bank, lost $2 billion in the past six weeks in a trading portfolio that was intended to reduce its financial risks.
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Express Scripts stock rises after 1Q growth report
Tweet Share on Facebook 11:26AM May 11, 2012 CommentShares of Express Scripts are climbing after the pharmacy benefits manger reported prescription growth in its first quarter since splitting with drugstore chain Walgreen.
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Greek euro exit no longer unthinkable
Tweet Share on Facebook 11:21AM May 11, 2012 CommentFRANKFURT, Germany (AP) — Let Greece go: It's a possibility that's being considered more and more publicly in Europe.
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Kroger CEO got 66 percent pay bump in 2011
Tweet Share on Facebook 10:30AM May 11, 2012 CommentNEW YORK (AP) — The Kroger Co. gave CEO David Dillon a 66 percent pay bump last year as a reward for the company's improved performance.
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Cheaper gas drives US wholesale price index lower
Tweet Share on Facebook 9:44AM May 11, 2012 CommentWASHINGTON (AP) — A big decline in gas and energy costs drove a measure of U.S. wholesale prices lower in April. Outside that drop, prices barely rose.
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SEC chief says regulators "focused" on JPMorgan
Tweet Share on Facebook 9:38AM May 11, 2012 CommentWASHINGTON (AP) — The head of the Securities and Exchange Commission says the agency is focused on a surprise $2 billion trading loss by JPMorgan Chase.
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Irish pose next democratic test for EU austerity
Tweet Share on Facebook 9:22AM May 11, 2012 CommentDUBLIN (AP) — When voters in Greece and France got the chance, they dealt a resounding "No!" to parties backing austerity measures. The Irish could be next to give the European Union's austerity plan a black eye.
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Bank stocks hurt after surprise $2B JPMorgan loss
Tweet Share on Facebook 9:04AM May 11, 2012 CommentBank stocks were hammered in Britain and the United States on Friday, partly because of fear that a surprise $2 billion trading loss by JPMorgan Chase would lead to tougher regulation of financial institutions.
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Bank stocks hurt after surprise $2B JPMorgan loss
Tweet Share on Facebook 8:59AM May 11, 2012 CommentBank stocks were hammered in Britain and the United States on Friday, partly because of fear that a surprise $2 billion trading loss by JPMorgan Chase would lead to tougher regulation of financial institutions.
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Panasonic Loss Balloons for Record Red Ink
Tweet Share on Facebook 7:19AM May 11, 2012 Comment
Hi-definition playback, but not display, goes portable in this Panasonic player.
TOKYO (AP) — Panasonic's January-March losses ballooned 10-fold to 438 billion yen ($5 billion), completing a year of record red ink at the Japanese electronics maker battered by natural disasters and an ailing TV business.
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Turkish PM vows to maintain fiscal discipline
Tweet Share on Facebook 6:32AM May 11, 2012 CommentANKARA, Turkey (AP) — Turkey's prime minister says his country will maintain fiscal discipline to curb its current deficit in an apparent response to concerns raised by the Standard & Poor's ratings agency.
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Merkel faces more ballot woe in German state vote
Tweet Share on Facebook 5:27AM May 11, 2012 CommentBERLIN (AP) — A bad European week for Chancellor Angela Merkel looks likely to end with more electoral woes — this time, the likely re-election of a center-left government in Germany's most populous state, which Merkel has sought to portray as irresponsibly addicted to debt.
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Poland Approves Retirement Age Hike
Tweet Share on Facebook 5:14AM May 11, 2012 Comment
Retired couple.
WARSAW, Poland (AP) — Poland's lawmakers on Friday approved a controversial government plan to raise the retirement age to 67 for most Poles, a key part in efforts to cut state debt, maintain robust growth and keep up investor confidence in this emerging economy.
