Business News
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Google CEO reflects on past year in rare dispatch
Tweet Share on Facebook 5:51PM April 05, 2012 CommentSAN FRANCISCO (AP) — Now that he has been Google's CEO for a year, Larry Page may be ready to tackle some of the public-relations duties that typically accompany the job.
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US stocks close mostly down; worst week of 2012
Tweet Share on Facebook 4:56PM April 05, 2012 CommentNEW YORK (AP) — Stocks just had their worst week of the new year.
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Natural gas drops 2.4 percent; oil back above $103
Tweet Share on Facebook 4:37PM April 05, 2012 CommentNEW YORK (AP) — America's vast supply of natural gas is getting even bigger. And prices are falling even lower.
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Obama signs small business legislation
Tweet Share on Facebook 3:32PM April 05, 2012 CommentWASHINGTON (AP) — President Barack Obama signed bipartisan jobs legislation Thursday that will help small businesses and make it easier for startups to raise capital, saying it could be a "game-changer" for entrepreneurs dreaming of founding the next Microsoft or Facebook.
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Coca-Cola ends ties to conservative law writers
Tweet Share on Facebook 3:30PM April 05, 2012 CommentWASHINGTON (AP) — Coca-Cola Co. has terminated its relationship with a conservative group seen by some as an incubator for a string of new state voter ID laws and a marketer of laws like Florida's "Stand Your Ground" self-defense statute.
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Penney cuts 600 workers, 13 percent of HQ staff
Tweet Share on Facebook 2:36PM April 05, 2012 CommentNEW YORK (AP) — Two months into J.C. Penney's transformation, its workers are starting to feel the pain.
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Happy Meal lawsuit dismissed by Calif. judge
Tweet Share on Facebook 1:52PM April 05, 2012 CommentChildren in California will still be able to get toys with their Happy Meals.
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Sarkozy promises $52 billion in spending cuts
Tweet Share on Facebook 12:36PM April 05, 2012 CommentPARIS (AP) — Nicolas Sarkozy, fighting for a far-from-assured second term as French president, promised Thursday to slash public spending and increase taxes to set his indebted country on a more balanced path.
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Pilgrims: Stove Top is only for Thanksgiving
Tweet Share on Facebook 12:15PM April 05, 2012 CommentNEW YORK (AP) — Stove Top Stuffing is strictly for Thanksgiving. At least that's what the Pilgrims would have you believe.
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Ford to expand Chinese factories again
Tweet Share on Facebook 12:07PM April 05, 2012 CommentDEARBORN, Mich. (AP) — Ford will expand its biggest factory complex in China to meet growing demand in the world's largest car market.
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IMF: Portugal is on track but big risks remain
Tweet Share on Facebook 12:05PM April 05, 2012 CommentLISBON, Portugal (AP) — Bailed-out Portugal's economic recovery program is proceeding as planned but "formidable challenges" stand in the country's path amid a steep recession and market misgivings about Europe's response to its debt crisis, the International Monetary Fund said Thursday.
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US man sits 10 months in Bolivian jail, uncharged
Tweet Share on Facebook 11:58AM April 05, 2012 CommentSANTA CRUZ, Bolivia (AP) — Jacob Ostreicher, a New York businessman, has been confined for 10 months in one of Bolivia's most unruly prisons without being charged. He has shed more than 30 pounds, helpless to do anything as, he alleges, the multimillion-dollar rice farming venture he managed has been plundered.
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Ferdinand Porsche, 911 sports car designer, dies
Tweet Share on Facebook 11:37AM April 05, 2012 CommentFRANKFURT, Germany (AP) — He designed Porsche's classic 911 sports car — the sleek model that evokes power, wealth and envy among aficionados — cementing his grandfather's name into the modern psyche
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US unemployment claims hit 4-year low of 357K
Tweet Share on Facebook 10:50AM April 05, 2012 CommentWASHINGTON (AP) — The number of people seeking U.S. unemployment benefits fell to a four-year low last week, suggesting employers kept hiring in March at a healthy pace.
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US rate on 30-year mortgage falls to 3.98 percent
Tweet Share on Facebook 10:14AM April 05, 2012 CommentWASHINGTON (AP) — The average U.S. rate on the 30-year fixed mortgage was mostly unchanged this week, as the cost of home-buying and refinancing stayed near record lows.
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Spain becomes focus as euro debt fears return
Tweet Share on Facebook 10:14AM April 05, 2012 CommentMADRID (AP) — Rising concerns over Spain's economy and its ability to handle its debts sent its cost of borrowing higher Thursday, sparking fears that Europe's debt crisis is flaring up again after a brief respite.
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Power shortages a concern with nuke plant offline
Tweet Share on Facebook 9:34AM April 05, 2012 CommentLOS ANGELES (AP) — It will take more than the flip of a switch to replace power lost from the troubled San Onofre nuclear plant.
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Retailers report positive March sales
Tweet Share on Facebook 8:15AM April 05, 2012 CommentNEW YORK (AP) — Retailers are reporting warm weather and demand for new spring fashions helped push March sales up.
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Zimbabwe seizes controlling stake in foreign mines
Tweet Share on Facebook 7:59AM April 05, 2012 CommentHARARE, Zimbabwe (AP) — Zimbabwe has taken majority ownership of all foreign-owned mining companies, Zimbabwe's black empowerment minister said Thursday, a move the prime minister told companies to ignore, saying it could create "anarchy in the industry" in the already ruptured economy.
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North Korea opens nation's biggest power station
Tweet Share on Facebook 7:24AM April 05, 2012 CommentHUICHON CITY, North Korea (AP) — North Korea on Thursday unveiled one of its biggest construction projects in recent years: a massive hydroelectric power station that is expected to provide the nation with much-needed electricity.
