Business News
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UK's Sky News: We hacked in the public interest
Tweet Share on Facebook 5:50AM April 05, 2012 CommentLONDON (AP) — Rupert Murdoch's British satellite news channel on Thursday became the latest branch of the mogul's global media empire to acknowledge bending the rules in an effort to stay ahead.
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French borrowing costs up in $11 bln bond auction
Tweet Share on Facebook 5:37AM April 05, 2012 CommentPARIS (AP) — France saw its borrowing costs rise slightly as it sold €8.44 billion ($11 billion) in a long-term bond auction.
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Asia stocks muted in holiday-thinned trading
Tweet Share on Facebook 5:13AM April 05, 2012 CommentBANGKOK (AP) — Asian stock markets were muted Friday in holiday-thinned trade ahead of a monthly U.S. hiring report.
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Greek PM sees economy starting to grow in 2 years
Tweet Share on Facebook 4:31AM April 05, 2012 CommentNICOSIA, Cyprus (AP) — Greece's prime minister says the crisis-hit country's economy could see growth of between 2.5 percent and 3 percent in two years' time.
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Dubai ruler's company confirms deal with creditors
Tweet Share on Facebook 4:24AM April 05, 2012 CommentDUBAI, United Arab Emirates (AP) — Creditors of Dubai International Capital, an investment company controlled by the emirate's ruler, have agreed to adjust the terms on $2.5 billion worth of debt, the firm's parent said Thursday.
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Hemp supporters say support growing in Kentucky
Tweet Share on Facebook 3:11AM April 05, 2012 CommentLEXINGTON, Ky. (AP) — Hemp isn't legal in Kentucky yet, but the eclectic mix of people at a recent seminar in Lexington was evidence that support for the versatile plant may be taking root.
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Lawyers again to argue in NY Facebook lawsuit
Tweet Share on Facebook 10:10PM April 04, 2012 CommentBUFFALO, N.Y. (AP) — A New York man who claims he and Facebook founder Mark Zuckerberg made a deal nine years ago that entitles him to half-ownership of the social networking giant won't be allowed to question Zuckerberg or search his computers at this point in his federal lawsuit, a judge ruled Wednesday.
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Detroit gives state powers to help rescue finances
Tweet Share on Facebook 9:58PM April 04, 2012 CommentDETROIT (AP) — The long-awaited fiscal restructuring of Detroit is set to begin — whether some in the broken city like it or not.
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New Zealand charges owner of grounded ship
Tweet Share on Facebook 9:35PM April 04, 2012 CommentWELLINGTON, New Zealand (AP) — New Zealand authorities have filed charges against the owners of a cargo ship that ran aground on a reef six months ago, creating what authorities describe as the country's worst maritime environmental disaster.
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USA Today imposes staff furloughs to save money
Tweet Share on Facebook 9:10PM April 04, 2012 CommentMcLEAN, Va. (AP) — USA Today is requiring most of its staff to take an unpaid week off to save money, as the nation's second-largest newspaper struggles to sell more advertising.
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Nissan wants to woo more US car buyers
Tweet Share on Facebook 6:58PM April 04, 2012 CommentDETROIT (AP) — Mention Nissan to most car drivers and they think of the Altima. And not much else.
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Chilean court approves controversial dam project
Tweet Share on Facebook 6:53PM April 04, 2012 CommentSANTIAGO, Chile (AP) — Chile's Supreme Court on Wednesday rejected challenges by environmental groups to a hydroelectric dam project in the wilds of Patagonia.
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Stocks suffer worst loss in a month; Dow off 125
Tweet Share on Facebook 6:47PM April 04, 2012 CommentNEW YORK (AP) — European debt flared again as a worry for Wall Street and drove stocks Wednesday to their worst loss in a month. The Dow Jones industrial average lost 125 points, and the price of gold plunged to its lowest level since January.
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Is this the end of the gold rush?
Tweet Share on Facebook 6:46PM April 04, 2012 CommentNEW YORK (AP) — The price of gold, which has climbed for years like a blood pressure reading for anxious investors, plunged Wednesday to its lowest level in three months.
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New Yahoo CEO sweeps out 2,000 employees in purge
Tweet Share on Facebook 6:18PM April 04, 2012 CommentSAN FRANCISCO (AP) — Yahoo's turnaround attempt is going to be messy.
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JPMorgan Chase CEO Dimon paid $23 million in 2011
Tweet Share on Facebook 5:14PM April 04, 2012 CommentNEW YORK (AP) — An Associated Press analysis shows JPMorgan Chase CEO Jamie Dimon was paid $23 million last year, up 11 percent from the year before.
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Ford increases full-year US sales forecast
Tweet Share on Facebook 4:26PM April 04, 2012 CommentNEW YORK (AP) — Ford Motor Co. is raising its forecast for U.S. auto sales this year, citing improving consumer confidence, employment, low interest rates and other factors.
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US service firms grow at steady pace, boost hiring
Tweet Share on Facebook 4:10PM April 04, 2012 CommentWASHINGTON (AP) — U.S. service companies expanded at a healthy pace last month and stepped up hiring, more evidence that the economy is growing and adding jobs.
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Oil rises to near $102 in Europe after sell-off
Tweet Share on Facebook 3:15PM April 04, 2012 CommentOil prices edged up to near $102 a barrel Thursday, rebounding from a two-day sell-off fueled by a jump in U.S. crude supplies and speculation the Federal Reserve won't implement another monetary stimulus to boost economic growth.
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Prosecutor seeks another $11B from Chevron
Tweet Share on Facebook 12:40PM April 04, 2012 CommentSAO PAULO (AP) — A Brazilian prosecutor filed a new $11 billion suit against U.S. oil company Chevron Corp. and drilling contractor Transocean Ltd for a second leak in an offshore oil field.
