Business News
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EU parliament slams Argentina's YPF seizure
Tweet Share on Facebook 5:25AM April 20, 2012 CommentBRUSSELS (AP) — The European Union parliament on Friday condemned Argentina's move to seize control of the YPF division of Spanish oil and gas company Repsol and demanded that the EU take action against Buenos Aires at the World Trade Organization.
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Germany sees upswing amid eurozone turmoil
Tweet Share on Facebook 4:27AM April 20, 2012 CommentFRANKFURT, Germany (AP) — A key index of business optimism on Friday reinforced what an increasing number of economists are saying: Germany is beginning to see an upswing — even as the rest of the 17-country eurozone struggles with economic and financial turmoil over too much debt.
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Iraq boosts oil export capacity in Gulf
Tweet Share on Facebook 4:23AM April 20, 2012 CommentBASRA, Iraq (AP) — Iraq began loading crude oil Friday from a second offshore export terminal in the Persian Gulf, part of a major project to boost Iraq's income.
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Spain approves more cuts to education, health
Tweet Share on Facebook 4:00AM April 20, 2012 CommentMADRID (AP) — Spain's conservative government targeted its austerity program on the education and health care systems Friday with €10 billion ($13 billion) in spending cuts and increased fees as part of a drive to reduce its deficit.
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Pass the hemp vodka this 4/20
Tweet Share on Facebook 3:58AM April 20, 2012 CommentWASILLA, Alaska (AP) — During at least one 420 celebration in Alaska on Friday, you'll be invited to pour yourself a drink instead of lighting up.
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Indian economic advisor: no big reforms until 2014
Tweet Share on Facebook 3:14AM April 20, 2012 CommentNEW DELHI (AP) — The Indian government's chief economic adviser says India won't likely pursue any major economic reforms until after 2014 parliamentary elections.
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New Zealand woman's Coca-Cola habit cited in death
Tweet Share on Facebook 2:19AM April 20, 2012 CommentWELLINGTON, New Zealand (AP) — Experts say a New Zealand woman's 2-gallon-a-day Coca-Cola habit probably contributed to her death, a conclusion that led the soft-drink giant to note that even water can be deadly in excessive amounts.
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Honda appeal seeks to reverse hybrid owner's award
Tweet Share on Facebook 11:37PM April 19, 2012 CommentTORRANCE, Calif. (AP) — Lawyers for American Honda Motor Co. returned to court Thursday to try to overturn a highly publicized small claims court award to a woman who sued over the fuel economy of her hybrid Honda Civic.
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Rumors swirl of smaller iPad, which Jobs detested
Tweet Share on Facebook 9:00PM April 19, 2012 CommentNEW YORK (AP) — Apple generates more gossip than the Kardashians.
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Gulf residents to get extra $64M for spill claims
Tweet Share on Facebook 8:51PM April 19, 2012 CommentNEW ORLEANS (AP) — Roughly 7,300 residents and businesses harmed by the 2010 oil spill in the Gulf of Mexico will get more than $64 million in additional payments because their claims with BP's $20 billion compensation fund were shortchanged or wrongfully denied, the Justice Department announced Thursday.
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AMR unions plan to back takeover bid by US Airways
Tweet Share on Facebook 7:50PM April 19, 2012 CommentDALLAS (AP) — Unions at American Airlines plan to support a potential takeover offer by rival US Airways, according to two people familiar with the situation.
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Capital One's 1Q profit up on ING Direct purchase
Tweet Share on Facebook 7:39PM April 19, 2012 CommentLOS ANGELES (AP) — Capital One Financial Corp. said Thursday that its profit jumped 37 percent in the first quarter, buoyed by the company's acquisition of online bank ING Direct and higher revenue.
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Microsoft's Windows propels pleasant 3Q surprise
Tweet Share on Facebook 6:06PM April 19, 2012 CommentSAN FRANCISCO (AP) — Microsoft produced a surprisingly strong quarter to start the year, pleasing investors looking forward to even bigger things from the software maker's much-anticipated overhaul of Windows operating system next fall.
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Doritos tacos put sizzle in Taco Bell's US sales
Tweet Share on Facebook 6:01PM April 19, 2012 CommentLOUISVILLE, Ky. (AP) — Taco Bell's new take on the taco, featuring orange Doritos dust, has helped put the sizzle back in its U.S. sales after a nearly yearlong slump stemming from a short-lived lawsuit that caused the chain some queasiness.
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DuPont posts 1Q gain as Danisco pads profits
Tweet Share on Facebook 5:40PM April 19, 2012 CommentDOVER, Del. (AP) — Strong performances from DuPont's agricultural and performance chemicals units, combined with its acquisition of Danish food maker Danisco last year, contributed to an increase in first-quarter earnings, the company said Thursday.
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Stocks drop on mixed news on profits, economy
Tweet Share on Facebook 5:38PM April 19, 2012 CommentNEW YORK (AP) — A slew of U.S. companies announced big profits Thursday, but investors spooked about the economy sold stocks anyway.
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Human Genome rejects GlaxoSmithKline's $2.6B bid
Tweet Share on Facebook 5:36PM April 19, 2012 CommentROCKVILLE, Md. (AP) — Biotech drugmaker Human Genome Sciences Inc. has rejected an unsolicited $2.59 billion takeover bid by GlaxoSmithKline PLC, the British pharmaceutical giant that spent nearly two decades helping the smaller company bring its first drug to market.
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Strong railroad profits show US economy growing
Tweet Share on Facebook 5:10PM April 19, 2012 CommentOMAHA, Neb. (AP) — Strong earnings reports from two of the nation's biggest freight railroads show that the U.S. economy is continuing its long, slow recovery.
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Southwest posts 1Q profit on special items
Tweet Share on Facebook 5:04PM April 19, 2012 CommentDALLAS (AP) — Southwest Airlines Co. is worried that the days of easy fare increases are over.
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Bank of America bad-loan provisions at 2007 level
Tweet Share on Facebook 4:10PM April 19, 2012 CommentNEW YORK (AP) — Bank of America said Thursday that it set aside less money to cover bad loans in the first three months of the year than it has since before the 2008 financial crisis.
