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UAW: 'Consensus' reached with Volkswagen on union

Jul 10, 2014

By ERIK SCHELZIG, Associated Press

NASHVILLE, Tenn. (AP) — United Auto Workers leaders said Thursday they have reached a "consensus" with Volkswagen and expect the German automaker to recognize the union if they sign up enough workers at a new local for the company's assembly plant in Tennessee.

The ...

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Aereo presses case despite Supreme Court setback

Jul 10, 2014

By ANICK JESDANUN, AP Technology Writer

NEW YORK (AP) — Aereo, the television-over-the-Internet service that suspended operations after the Supreme Court ruled against it, is refusing to disband for good.

The company is now using the Supreme Court's own language to force broadcasters to treat it just ...

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California man sentenced to 15 years for espionage

Jul 10, 2014

By PAUL ELIAS, Associated Press

OAKLAND, Calif. (AP) — A federal judge on Thursday sentenced a California chemical engineer to 15 years in prison and fined him $28.3 million for a rare economic-espionage conviction for selling China a secret recipe to a widely used white pigment.

U.S. District ...

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European banking scare sends stocks lower

Jul 10, 2014

By KEN SWEET, AP Markets Writer

NEW YORK (AP) — Stocks fell Thursday as worries about the soundness of a European bank spooked U.S. investors, prompting them to sell stocks and snap up less risky assets like gold and governments bonds.

Fears emerged overnight about the financial stability of ...

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Portuguese bank fears rekindle euro market tension

Jul 10, 2014

By BARRY HATTON, Associated Press

LISBON, Portugal (AP) — The specter of Europe's financial crisis is back to haunt investors.

Worries over the health of Portugal's biggest bank on Thursday raised fears that the country might run into financial trouble again — just weeks after emerging from a bailout ...

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US stocks end lower after bank scare in Europe

Jul 10, 2014

NEW YORK (AP) — U.S. stocks are ending lower as fears about the health of a European bank weigh on the market.

The Dow Jones industrial average fell 70 points, or 0.4 percent, to finish at 16,915 Thursday. The Standard & Poor's 500 index slipped eight points, or 0.4 percent, to 1,964. The Nasdaq ...

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FTC sues Amazon over kids' app charges

Jul 10, 2014

NEW YORK (AP) — The Federal Trade Commission is suing Amazon over charges that the company has not done enough to prevent children from making unauthorized in-app purchases, according to a complaint filed Thursday in federal court.

The move had been expected since last week, when Amazon said it ...

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France pleads for new EU economic strategy

Jul 10, 2014

PARIS (AP) — France's economy minister is blaming European authorities for the lack of growth in France and Europe, and says it's time for a new economic policy that shuns austerity measures.

Arnaud Montebourg, in a closely watched speech Thursday on economic recovery, also suggested France may ...

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Market mood turns sour amid Portugal tensions

Jul 10, 2014

By PAN PYLAS, AP Business Writer

LONDON (AP) — Renewed financial jitters in Europe and the failure of U.S. indexes to break through key thresholds weighed on markets Thursday as investors grew skeptical over the outlook for stocks.

In Europe, sentiment took a hit after worries over the health of ...

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Boeing raises forecast for new airplane demand

Jul 10, 2014

By The Associated Press

CHICAGO (AP) — Boeing Co. raised its long-term forecast for new airplane demand by more than 4 percent, based on expected orders of smaller, more fuel-efficient planes and burgeoning travel in Asia.

The Chicago company said Thursday that it expects deliveries of 36,770 new ...

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US wholesalers slow restocking as sales weaken

Jul 10, 2014

By CHRISTOPHER S. RUGABER, AP Economics Writer

WASHINGTON (AP) — U.S. wholesale stockpiles rose in May at the weakest pace in five months as companies kept their supplies in line with slower sales.

Wholesale stockpiles grew 0.5 percent in May, the Commerce Department said Thursday, down from a 1 ...

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US stocks sink on Portugal worries

Jul 10, 2014

NEW YORK (AP) — U.S. stocks are dropping in early trading amid financial jitters in Europe and disappointing retail earnings.

The Dow Jones industrial average slid 129 points, or 0.8 percent, to 16,856 moments after the stock market opened Thursday. The Standard & Poor's 500 index fell 14 points,

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Oil prices continue to fall as supplies grow

Jul 10, 2014

By PABLO GORONDI, Associated Press

The price of oil continued to fall Thursday, trading below $102 a barrel as the outlook for supply remained robust.

By early afternoon in Europe, benchmark U.S. crude for August delivery was down 34 cents to $101.95 a barrel in electronic trading on the New York ...

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US, China talk cyberhacking amid new allegations

Jul 10, 2014

By BRADLEY KLAPPER and LOUISE WATT, Associated Press

BEIJING (AP) — Top American officials said Thursday they challenged their counterparts in China to rein in alleged cybersecurity infringements as a new allegation emerged of a brazen attempt by Chinese hackers to break into U.S. government ...

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India's new government unveils growth budget

Jul 10, 2014

By KAY JOHNSON, AP Business Writer

MUMBAI, India (AP) — India's new government introduced a reform-minded budget Thursday, telegraphing a contentious overhaul of populist subsidies and vowing to lift economic growth to rates of 7-8 percent by spending billions of dollars on infrastructure.

The budget ...

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Indians balk at $33 million statue in new budget

Jul 10, 2014

By MUNEEZA NAQVI, Associated Press

NEW DELHI (AP) — In a country grappling with poverty, sluggish growth and a daunting deficit, India's new budget has set aside 2 billion rupees ($33 million) for a colossal iron-and-bronze statue almost twice the size of the Statue of Liberty.

The plans in ...

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Indonesia deadlock: court may decide new president

Jul 10, 2014

By MARGIE MASON, Associated Press

JAKARTA, Indonesia (AP) — A day after Indonesia's presidential elections failed to produce a clear winner, Jakarta's police chief promised to prevent violence by cracking down on anyone celebrating prematurely. With both candidates continuing to claim victory, the ...

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More 'headline-grabbing' corporate deals expected

Jul 10, 2014

By PAN PYLAS, Associated Press

LONDON (AP) — More "headline-grabbing" acquisitions are likely over the coming year as businesses take advantage of a period of improving economic growth and cheap financing.

That's the conclusion of a survey by business consulting firm EY, which says the value of ...

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Apple wins EU court case on store design trademark

Jul 10, 2014

BRUSSELS (AP) — The European Union's highest court says Apple's characteristic retail store layout may be registered as a trademark.

The Court of Justice on Thursday overturned a decision by German patent authorities which last year rejected an application to grant copyright protection to Apple's ...

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Top Army brass defend troubled intelligence system

Jul 10, 2014

By KEN DILANIAN, AP Intelligence Writer

WASHINGTON (AP) — When Gen. John Campbell, the Army's vice chief of staff, appeared last year at a budget hearing on Capitol Hill, he cited his son's experiences as a soldier in Afghanistan to answer a senator's tough questions about a troubled intelligence ...

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