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The latest news on business

Apr 26, 2012

LONDON (AP) — Pressing to save his job, Britain's culture secretary said Friday he will disclose all the texts and emails he sent to a special adviser who resigned amid questions over too-close contacts the government may have had with Rupert Murdoch's News Corp.

Apr 26, 2012

WASHINGTON (AP) — The average rate on the 30-year fixed mortgage has dipped to near its record low, keeping home-buying and refinancing affordable.

Apr 26, 2012

WASHINGTON (AP) — The number of Americans who signed contracts to buy U.S. homes rose in March, the latest sign the battered housing market is slowly improving.

Apr 26, 2012

DUBLIN (AP) — Ireland is successfully cutting its deficits, bolstering its banks and pursuing job-creation strategies, its international bailout creditors said Thursday as they signaled support for a further round of loans.

Apr 26, 2012

MILAN (AP) — Italian carmaker Fiat SpA on Thursday said first-quarter profits more than tripled, thanks to its U.S. partner Chrysler, which posted its best quarter in 13 years while sales in Europe plunged.

Apr 26, 2012

BETHESDA, Md. (AP) — Lockheed Martin Corp. said Thursday that CEO Bob Stevens plans to step down and that its president and chief operating officer, Chris Kubasik, will take on the role at the start of the new year.

Apr 26, 2012

LONDON (AP) — Cagey. Cuddly. Witty. Master of the intimidating pause.

Apr 26, 2012

WARSAW, Poland (AP) — Chinese Prime Minister Wen Jiabao said Thursday his country is setting up a $10 billion credit line to support joint projects with Central and East European nations.

Apr 26, 2012

MILAN (AP) — Italy was forced to pay higher interest rates of 1.77 percent in the latest sale of its six-month bonds.

Apr 26, 2012

SINIRUSTU/SYGKRASI, Cyprus (AP) — Turkey began exploratory drilling for oil and gas Thursday in the breakaway Turkish north of ethnically divided Cyprus, heightening a dispute over who is entitled to the Mediterranean island's potential fuel riches.

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