Wednesday, July 30 2014 4:46 AM EDT2014-07-30 08:46:22 GMT
Asian stocks extended gains Tuesday with the South Korean stock market closing at a three-year high ahead of U.S. and Chinese economic reports later this week.
European stocks were lower Wednesday ahead of U.S. economic data while cheery earnings from major Japanese companies such as Honda Motor Co. boosted Asian markets.
Wednesday, July 30 2014 4:46 AM EDT2014-07-30 08:46:18 GMT
Spain's economy grew by a better-than-expected 0.6 percent in the second quarter compared with the previous three months, the fastest rate since 2007 and more evidence of the country's recovery from recession.
Spain's economy grew by a better-than-expected 0.6 percent in the second quarter compared with the previous three months, the fastest rate since 2007 and more evidence of the country's recovery from recession.
Wednesday, July 30 2014 4:36 AM EDT2014-07-30 08:36:07 GMT
The chief executive of Barclays says that claw-back provisions on bankers' bonuses are a good idea in principle as the Bank of England prepares to publish new rules to punish executives who misbehave.
The chief executive of Barclays says that claw-back provisions on bankers' bonuses are a good idea in principle as the Bank of England prepares to publish new rules to punish executives who misbehave.
Wednesday, July 30 2014 4:28 AM EDT2014-07-30 08:28:34 GMT
The Senate has delivered an unexpectedly strong vote in favor of taking action later this year to resolve the chronic funding problems that have bedeviled highway and transit programs.
The Senate delivered an unexpectedly strong vote Tuesday in favor of taking action later this year to resolve the chronic funding problems that have bedeviled highway and transit programs, a sign that Congress may have...
Wednesday, July 30 2014 4:19 AM EDT2014-07-30 08:19:47 GMT
Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and...
Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and influence...
Wednesday, July 30 2014 4:19 AM EDT2014-07-30 08:19:05 GMT
President Barack Obama is prodding Congress to close corporate tax loopholes and take other action before going on summer break this week instead of trying to sue him.
President Barack Obama is prodding Congress to close corporate tax loopholes and take other action before going on summer break this week instead of trying to sue him.
Wednesday, July 30 2014 4:16 AM EDT2014-07-30 08:16:35 GMT
The head of Germany's central bank says higher wages would be justified in the country as the economy flourishes, and is putting the potential for raises at 3 percent.
The head of Germany's central bank says higher wages would be justified in the country as the economy flourishes, and is putting the potential for raises at 3 percent.
Wednesday, July 30 2014 3:21 AM EDT2014-07-30 07:21:23 GMT
Testing software provider ExamSoft Worldwide Inc. says a processing issue has caused a delay for some bar exam takers in multiple states in submitting their answers.
Florida-based testing software provider ExamSoft Worldwide Inc. said a processing issue has caused delays for bar exam takers in multiple states who were submitting their answers.
Wednesday, July 30 2014 3:21 AM EDT2014-07-30 07:21:11 GMT
Congressional investigators say the government is underestimating the threat of a chemical attack on America's densely populated cities and has failed to inspect virtually all of the chemical facilities that it...
The government is underestimating the threat of a chemical attack on America's densely populated cities and has failed to inspect virtually all of the chemical facilities that it considers particularly vulnerable to...
Wednesday, July 30 2014 3:19 AM EDT2014-07-30 07:19:55 GMT
Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security's disability program is already in crisis as it edges...
Despite some good news, Medicare and Social Security still face long-term financial problems as millions of baby boomers reach retirement. Social Security's disability program is already in crisis as it edges toward...
Wednesday, July 30 2014 3:14 AM EDT2014-07-30 07:14:56 GMT
Spanish Prime Minister Mariano Rajoy and the leader of the economically powerful Catalonia region are holding a crucial face-to-face meeting Wednesday in what could be a last chance for the two men to resolve a...
Spanish Prime Minister Mariano Rajoy and the leader of the economically powerful Catalonia region are holding a crucial face-to-face meeting Wednesday in what could be a last chance to resolve a bitter dispute over the...
Wednesday, July 30 2014 2:27 AM EDT2014-07-30 06:27:34 GMT
U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen Russia's economic pain and force President Vladimir Putin to end provocations...
Citing Russia's stalled growth rate and a flow of foreign capital out of Moscow, U.S. and European officials hope a new round of sanctions targeting energy and defense entities, as well as major banks, will deepen...
Wednesday, July 30 2014 2:06 AM EDT2014-07-30 06:06:48 GMT
Stronger-than-expected results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.
The little blue bird is flying high. Stronger-than-expected financial results pushed Twitter's stock sharply higher on Tuesday after the short messaging service said its revenue more than doubled in the second quarter.
Wednesday, July 30 2014 12:26 AM EDT2014-07-30 04:26:20 GMT
Argentina's economy minister emerged from daylong negotiations aimed at preventing a default Tuesday to say both sides had finally spoken for the first time, a development that raised hopes that a deal might be...
Argentina's economy minister emerged from daylong negotiations aimed at preventing a default Tuesday to say both sides had finally spoken for the first time, a development that raised hopes that a deal might be reached...
Wednesday, July 30 2014 12:16 AM EDT2014-07-30 04:16:04 GMT
Pacific Gas & Electric is accused of lying to regulators in connection with a fatal pipeline explosion that leveled a suburban Northern California neighborhood in 2010.
A federal grand jury charged Pacific Gas & Electric on Tuesday with lying to federal investigators in connection with a fatal pipeline explosion that killed eight people and leveled a suburban Northern California...
Wednesday, July 30 2014 12:09 AM EDT2014-07-30 04:09:02 GMT
Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal.
Toyota remains No. 1 in global vehicles sales after the first six months of this year, followed by Volkswagen which bumped General Motors out of second place as the U.S. automaker grapples with a recall scandal.
Tuesday, July 29 2014 9:13 PM EDT2014-07-30 01:13:08 GMT
Several food writers, including a New York Times reporter, have been subpoenaed as part of a company's $1.2 billion defamation lawsuit against ABC related to the network's coverage of a meat product derided...
Several food writers, including a New York Times reporter, have been subpoenaed by a meat producer as part of its $1.2 billion defamation lawsuit against ABC in regards to the network's coverage of a beef product...
Tuesday, July 29 2014 8:47 PM EDT2014-07-30 00:47:27 GMT
The Senate is scheduled to take up legislation Tuesday to keep federal highway money flowing to states, with just three days left before the government plans to start slowing down payments.
The Senate voted Tuesday to keep federal highway money flowing to the states into December but only after rejecting the House's reliance on what lawmakers called a funding "gimmick" and moving to force a post-election...
Tuesday, July 29 2014 7:29 PM EDT2014-07-29 23:29:20 GMT
A $1,000-per-pill drug that insurers are reluctant to pay for has quickly become the treatment of choice for a liver-wasting viral disease that affects more than 3 million Americans.
The price is sky-high, but so is demand. A new $1,000-per-pill drug has become the treatment of choice for Americans with hepatitis C, a liver-wasting disease that affects more than 3 million.
Tuesday, July 29 2014 7:13 PM EDT2014-07-29 23:13:36 GMT
American Express Co. (AXP) on Tuesday reported earnings that rose by 9 percent in its second quarter, and topped analysts' expectations.
By ALEX VEIGA AP Business Writer American Express Co.'s net income grew 9 percent in the second quarter, as spending by cardholders increased and the credit card issuer set aside less money to cover...
Tuesday, July 29 2014 6:53 PM EDT2014-07-29 22:53:08 GMT
European Union ambassadors are meeting to discuss a dramatic toughening of the trade bloc's sanctions against Russia.
Spurred to action by the downing of the Malaysian airliner, the European Union approved dramatically tougher economic sanctions Tuesday against Russia, including an arms embargo and restrictions on state-owned banks....
Tuesday, July 29 2014 5:58 PM EDT2014-07-29 21:58:20 GMT
Hundreds of people will tell the Environmental Protection Agency what they think of proposed rules to cut pollution from power plants during public hearings Tuesday and Wednesday in Denver.
Hundreds of people across the country lined up Tuesday to tell the Environmental Protection Agency that its new rules for power-plant pollution either go too far or not far enough.
Tuesday, July 29 2014 5:39 PM EDT2014-07-29 21:39:55 GMT
A U.S. District Court Judge has ordered the seizure of a vessel carrying about 1 million barrels of Kurdish crude oil about 60 miles off the Galveston coast.
The U.S. has barred a shipment of Kurdish crude oil from reaching the Texas coast amid concerns independent oil sales from Kurdistan could further weaken Iraq's fragile central government as it struggles to contain a...
Tuesday, July 29 2014 4:33 PM EDT2014-07-29 20:33:18 GMT
By The Associated Press Associated Press Asana is a service created to minimize the need for workplace email by serving as a one-stop shop for assigning work, sharing ideas, posting important...
By The Associated Press Associated Press Asana is a service created to minimize the need for workplace email by serving as a one-stop shop for assigning work, sharing ideas, posting important updates and...
Tuesday, July 29 2014 1:45 PM EDT2014-07-29 17:45:28 GMT
Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a business spinoff gain of more than $10 billion, but results in the most recent quarter...
By LINDA A. JOHNSON AP Business Writer Pfizer's second-quarter earnings plunged 79 percent from last year, when the world's second-largest drugmaker booked a $10 billion-plus gain from a business...
Tuesday, July 29 2014 1:27 PM EDT2014-07-29 17:27:07 GMT
Swiss banking giant UBS AG reported a 15 percent jump Tuesday in second-quarter net profit compared to a year ago, driven by strong results from its core wealth management and trimmed-down investment banking...
Switzerland's biggest bank, UBS, reported Tuesday a 15 percent rise in second-quarter profit, driven by its core wealth management business, and disclosed it was part of a group of financial companies being...
Tuesday, July 29 2014 12:50 PM EDT2014-07-29 16:50:11 GMT
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
More than 35 percent of Americans have debts and unpaid bills that have been reported to collection agencies, according to a study released Tuesday by the Urban Institute.
Tuesday, July 29 2014 12:42 PM EDT2014-07-29 16:42:00 GMT
The on-demand ride-sharing app Lyft says it is starting limited service in New York City after reaching agreement with state and city officials to resolve regulatory issues.
The on-demand ride-sharing app Lyft planned to start limited service in New York City on Friday night after reaching agreement with officials to resolve regulatory issues that prompted a lawsuit by the state.
Tuesday, July 29 2014 12:41 PM EDT2014-07-29 16:41:49 GMT
The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services.
The European Union's antitrust authority has cleared Apple's $3 billion deal to buy Beats Electronics, which makes headphones and offers music streaming services.
Tuesday, July 29 2014 12:17 PM EDT2014-07-29 16:17:46 GMT
This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low.
This much is clear: The Federal Reserve will make another cut this week in its monthly bond purchases, which have been aimed at keeping long-term loan rates low.
Tuesday, July 29 2014 12:17 PM EDT2014-07-29 16:17:38 GMT
Aetna Inc. (AET) on Tuesday reported profit that climbed by 2.4 percent in its second quarter, and topped analysts' expectations.
By TOM MURPHY AP Business Writer Aetna's second-quarter profit climbed more than 2 percent, as gains from an acquisition helped the health insurer top expectations and raise its 2014 earnings forecast...
Tuesday, July 29 2014 11:55 AM EDT2014-07-29 15:55:58 GMT
Merck & Co. (MRK) on Tuesday reported earnings that more than doubled in its second quarter, and topped analysts' expectations.
By LINDA A. JOHNSON AP Business Writer A big one-time gain and a tax benefit helped drugmaker Merck & Co. more than double second-quarter profit, improve its profit forecast and top analysts'...
Tuesday, July 29 2014 11:26 AM EDT2014-07-29 15:26:53 GMT
The release of carbon dioxide into the air from factory smokestacks to the tailpipe on your car could pose a risk to red king crab and other lucrative fisheries in Alaska, a new report says.
The release of carbon dioxide into the air from power plant smokestacks to the tailpipe on your car could pose a risk to red king crab and other lucrative fisheries in Alaska, a new report says.
Tuesday, July 29 2014 10:26 AM EDT2014-07-29 14:26:17 GMT
A costly drug given mostly to premature babies is at the center of a clash between the manufacturer and the nation's leading pediatrician's group, which recommends scaling back use of the medicine.
A costly drug given mostly to premature babies is at the center of a clash between the manufacturer and the nation's leading pediatrician's group, which recommends scaling back use of the medicine.
Tuesday, July 29 2014 9:55 AM EDT2014-07-29 13:55:36 GMT
Reynolds American Inc. says that its profit rose by 6.7 percent in its second quarter, topping analysts' expectations.
Reynolds American Inc. said Tuesday that its profit rose by 6.7 percent in its second quarter as higher cigarette and smokeless tobacco prices helped to offset a decline in the number of cigarettes it sold.
Tuesday, July 29 2014 6:11 AM EDT2014-07-29 10:11:21 GMT
Energy company BP has warned that further international sanctions on Russia could have an adverse impact on its profits because of its stake in the oil giant, Rosneft.
Energy company BP warned Tuesday that further international sanctions on Russia could hurt its profits because of its stake in the country's oil giant, Rosneft.
Tuesday, July 29 2014 5:38 AM EDT2014-07-29 09:38:08 GMT
Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by what it described as higher taxes, declining revenue and political instability affecting the markets.
Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by higher taxes, declining revenue and political instability affecting financial markets.
Tuesday, July 29 2014 3:55 AM EDT2014-07-29 07:55:58 GMT
Honda's quarterly profit surged nearly 20 percent on demand for remodeled cars in Japan and elsewhere in Asia. The Japanese automaker also raised its full-year profit and sales forecasts.
Honda's quarterly profit surged nearly 20 percent on demand for remodeled cars in Japan and elsewhere in Asia. The Japanese automaker also raised its full-year profit and sales forecasts.
Tuesday, July 29 2014 1:00 AM EDT2014-07-29 05:00:02 GMT
Asian stock markets were mostly higher Monday, shrugging off jitters about stiffer Western sanctions against Russia, after China reported strong corporate profits.
Asian stock markets posted modest gains Tuesday as investors treaded cautiously ahead of U.S. and Chinese economic reports later this week.
Monday, July 28 2014 10:35 PM EDT2014-07-29 02:35:11 GMT
Darden Restaurants says CEO and chairman Clarence Otis is stepping down as the company fights to fix its flagship Olive Garden chain following the sale of Red Lobster.
Darden Restaurants CEO and Chairman Clarence Otis is stepping down as the company fights to fix its flagship Olive Garden chain following its contested sale of Red Lobster.
Monday, July 28 2014 6:30 PM EDT2014-07-28 22:30:37 GMT
The federal government has come up with a final version of a rule meant to cut haze-causing emissions from the largest coal-fired power plant in the West.
The largest coal-fired power plant in the West will produce one-third less energy by 2020 and could close in 2044 under a proposal that the federal government adopted to cut haze-causing emissions of nitrogen oxide at...
Monday, July 28 2014 5:20 PM EDT2014-07-28 21:20:58 GMT
The Federal Aviation Administration said Monday it is proposing a $12 million civil fine against Southwest Airlines for failing to comply in three separate cases with safety regulations related to repairs on Boeing...
The Federal Aviation Administration said Monday it is proposing a $12 million civil fine against Southwest Airlines for failing to comply with safety regulations related to repairs on Boeing 737 jetliners.
Monday, July 28 2014 5:17 PM EDT2014-07-28 21:17:05 GMT
Fast food workers from across the country have voted in suburban Chicago to escalate their campaign for higher wages and union representation by including civil disobedience.
In a story July 26, The Associated Press reported that Latoya Caldwell, a mother of four from Kansas City, Missouri, who earns $7.50 an hour at a Wendy's restaurant, said she works six days a week to get 40 hours and...
Monday, July 28 2014 5:02 PM EDT2014-07-28 21:02:46 GMT
The government says Medicare's finances have improved. The program's hospital trust fund won't be exhausted until 2030 - four years later than last year's estimate.
Medicare's financial future is looking brighter despite a growing wave of baby boomers reaching retirement.
Monday, July 28 2014 4:47 PM EDT2014-07-28 20:47:59 GMT
It's a battle pitting the nation's airlines against their passengers, and the first round has gone to the industry.
In a victory for airlines and their workers' unions, the House rejected consumers' complaints and easily passed legislation Monday letting airline advertising emphasize the base price of tickets, before taxes and...
Monday, July 28 2014 4:16 PM EDT2014-07-28 20:16:08 GMT
The former majority shareholder in Yukos Oil Company says it has won in excess of $50 billion in a court ruling against Russia.
Russian President Vladimir Putin's government must pay $50 billion for using tax claims to destroy Yukos, once the country's largest oil producer, and its Kremlin-critical CEO, an international court has ruled.
Monday, July 28 2014 3:23 PM EDT2014-07-28 19:23:32 GMT
Lloyds Banking Group says it will pay 218 million pounds ($400 million) to U.S. and British authorities to settle allegations it manipulated benchmark interest rates.
Lloyds Banking Group is paying $369 million to U.S. and British authorities to settle allegations it manipulated a key global interest rate.
Monday, July 28 2014 1:57 PM EDT2014-07-28 17:57:43 GMT
Dollar Tree stepping up its fight for penny-pinching customers. On Monday, the discounter said it would acquire rival discounter Family Dollar for $8.5 billion, making it the biggest player in the dollar store...
Dollar Tree is stepping up its fight for penny-pinching customers. On Monday, the discounter said it would acquire rival discounter Family Dollar for $8.5 billion, making it the biggest player in the dollar store category....
Monday, July 28 2014 1:20 PM EDT2014-07-28 17:20:23 GMT
Red Lobster wants to be seen as a purveyor of quality seafood, so it's getting rid of some of its promotional discounts and plating dishes higher like fancier restaurants.
Red Lobster wants to be seen as a purveyor of quality seafood, so it's getting rid of some of its promotional discounts and stacking the food higher on plates, as is the style at fancier restaurants.
Monday, July 28 2014 12:15 PM EDT2014-07-28 16:15:26 GMT
Amazon.com Inc. (AMZN) on Thursday reported a bigger loss in its second quarter, and missed analysts' expectations.
Shares of Amazon.com Inc. fell Thursday after the e-commerce retailer reported a deeper-than-expected second quarter loss as expenses outpaced a surge in revenue.
Monday, July 28 2014 12:00 PM EDT2014-07-28 16:00:18 GMT
Spain's new King Felipe VI has ordered the palace's accounts to be audited externally and the results made public, in an apparent bid to clean up the royal family's tarnished image.
Spain's royal palace accounts will be subject to external audits and the results made public under a series of measure ordered by new King Felipe VI in an apparent bid to clean up the royal family's tarnished image.
Monday, July 28 2014 10:34 AM EDT2014-07-28 14:34:40 GMT
A group of German professors has filed a complaint to the country's highest court against the European Union's plans to create a so-called banking union, a central part of the effort to make the...
A group of German professors has filed a complaint to the country's highest court against the European Union's plans to create a so-called banking union, a central part of the effort to make the continent's...
Monday, July 28 2014 9:55 AM EDT2014-07-28 13:55:40 GMT
RPM International plans to spend nearly $800 million as part of a preliminary deal to fund a trust that resolves asbestos personal injury claims tied to a business owned by its Specialty Products Holding Corp.
RPM International plans to spend nearly $800 million as part of a preliminary deal to fund a trust that resolves asbestos personal injury claims tied to a business owned by its Specialty Products Holding Corp.
Monday, July 28 2014 8:04 AM EDT2014-07-28 12:04:39 GMT
Tyson Foods says it will sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt tied to its acquisition of Hillshire Brands.
Tyson Foods plans to sell its poultry businesses in Mexico and Brazil for $575 million in cash to help pay debt from its recently announced acquisition of Hillshire Brands.
Monday, July 28 2014 7:34 AM EDT2014-07-28 11:34:41 GMT
The British government has reopened the way for energy firms to explore for shale gas, three years after seismic tremors led to the suspension of fracking.
Energy firms will be able to bid for licenses Monday to explore for shale gas in Britain, three years after the controversial fracking process caused seismic tremors which led the government to suspend operations.
Monday, July 28 2014 5:48 AM EDT2014-07-28 09:48:39 GMT
The South Korean businessman who led Pyeongchang's successful bid for the Winter Olympics is set to return as head of the organizing committee for the 2018 Games.
The South Korean businessman who led Pyeongchang's successful bid for the Winter Olympics is set to return as head of the organizing committee for the 2018 Games.
Monday, July 28 2014 4:17 AM EDT2014-07-28 08:17:34 GMT
An arms embargo against Russia would be little more than symbolic because Russia is largely self-sufficient in supplying its armed forces, a report argued Sunday.
An arms embargo against Russia would be little more than symbolic because Russia is largely self-sufficient in supplying its armed forces, a report argued Sunday.
Monday, July 28 2014 4:14 AM EDT2014-07-28 08:14:30 GMT
European Union ambassadors have reached a preliminary deal on stepped-up sanctions against Russia, targeting its access to European capital markets and trade in the defense sector, dual-use goods and sensitive...
The European Union on Friday extended its Ukraine-related sanctions to target top Russian intelligence officials and leaders of the pro-Russia revolt in eastern Ukraine, official documents showed.
Monday, July 28 2014 12:17 AM EDT2014-07-28 04:17:55 GMT
A U.S. science advisory report says a key lesson from Japan's Fukushima nuclear accident is that the nation's nuclear industry needs to focus more on the highly unlikely but super-serious worst case scenarios.
A U.S. science advisory report says Japan's Fukushima nuclear accident offers a key lesson to the nation's nuclear industry: Focus more on the highly unlikely but worst case scenarios.
Monday, July 28 2014 12:15 AM EDT2014-07-28 04:15:44 GMT
As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America's unwanted energy leftovers to other parts of the world where they could...
As the Obama administration weans the U.S. off dirty fuels blamed for global warming, energy companies have been sending more of America's unwanted energy leftovers to other parts of the world where they could create...
Sunday, July 27 2014 10:34 PM EDT2014-07-28 02:34:52 GMT
London-based satellite broadcaster BSkyB has announced agreements to purchase Sky Italia and 57 percent of Sky Deutschland from 21st Century Fox.
London-based pay TV network BSkyB has agreed to take control of its sister companies in Italy and Germany, creating a multinational European broadcaster. The deal could have a wider impact on the media industry, giving...
Sunday, July 27 2014 7:14 PM EDT2014-07-27 23:14:17 GMT
OSI Group, an Aurora, Illinois-based company at the center of a food scandal in China, said that it was pulling all of the products produced by its Shanghai Husi unit from the marketplace.
OSI Group, an Aurora, Illinois-based company at the center of a food scandal in China, said that it was pulling all of the products produced by its Shanghai Husi unit from the marketplace.
Sunday, July 27 2014 7:14 PM EDT2014-07-27 23:14:08 GMT
By The Associated Press The price of oil slipped below $102 a barrel on Friday, falling for a second day after spiking on lower U.S. inventories and tensions in the Ukraine and the Middle East.
By The Associated Press The price of oil traded around $102 a barrel on Friday, nearly unchanged, as worries over supplies and geopolitical tensions eased.
Sunday, July 27 2014 5:14 PM EDT2014-07-27 21:14:03 GMT
Months after Russia annexed Crimea and stepped up support for separatists in eastern Ukraine, Europe and the United States are still searching for an effective way to persuade Russian President Vladimir Putin to...
Months after Russia annexed Crimea and stepped up support for separatists in eastern Ukraine, Europe and the United States are still searching for a way to persuade Russian President Vladimir Putin to change course.
Sunday, July 27 2014 3:44 PM EDT2014-07-27 19:44:16 GMT
Linda Close was grateful to learn she qualified for a sizable subsidy to help pay for her health insurance under the new federal law. But in the process of signing up for a plan, Close said her HealthCare.gov...
Linda Close was grateful to learn she qualified for a sizable subsidy to help pay for her health insurance under the new federal law. But in the process of signing up for a plan, Close said her HealthCare.gov account...
Sunday, July 27 2014 3:24 PM EDT2014-07-27 19:24:55 GMT
Republicans are on the offensive in the opening days of Georgia's general election Senate campaign, hammering Democrat Michelle Nunn as a rubber stamp for President Barack Obama and questioning her resume as a...
Republicans are on the offensive in the opening days of Georgia's Senate campaign, hammering Democrat Michelle Nunn as a rubber stamp for President Barack Obama and questioning her resume as a non-profit executive -...
Sunday, July 27 2014 11:54 AM EDT2014-07-27 15:54:19 GMT
The U.S. nuclear industry has started building its first new plants in decades using prefabricated Lego-like blocks meant to save time and money and revive the once promising energy source.
The U.S. nuclear industry has started building its first new plants in decades using prefabricated Lego-like blocks meant to save time and money and revive the once promising energy source.
Sunday, July 27 2014 9:44 AM EDT2014-07-27 13:44:53 GMT
A government newspaper says Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly.
Chinese regulators have concluded Qualcomm Inc., one of the biggest makers of chips used in mobile devices, has a monopoly, a government newspaper reported Friday.
Sunday, July 27 2014 9:44 AM EDT2014-07-27 13:44:46 GMT
Facebook Inc. (FB) on Wednesday reported profit that more than doubled in its second quarter, and topped analysts' expectations.
Facebook is on a roll. The world's largest online social network posted sharply higher earnings on Wednesday as revenue from mobile advertising continued to grow, and more people used it, more often.
Saturday, July 26 2014 6:54 PM EDT2014-07-26 22:54:16 GMT
Telecommunications and wireless equipment maker Nokia Corp. says second-quarter profit rose 20 percent to 213 million euros ($285 million) on the back of improved profitability of its key networks unit.
Saturday, July 26 2014 6:03 PM EDT2014-07-26 22:03:24 GMT
Boeing Co. CEO Jim McNerney apologized Friday for saying the aerospace giant's employees were "cowering" during his tenure, a comment one union official called "a new low" in the company's relationship with...
Boeing Co. CEO Jim McNerney apologized Friday for saying the aerospace giant's employees were "cowering" during his tenure, a comment one union official called "a new low" in the company's relationship with workers.
Saturday, July 26 2014 5:54 PM EDT2014-07-26 21:54:42 GMT
By STEVE ROTHWELL AP Markets Writer A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. A Portuguese bank's finances look shaky.
By STEVE ROTHWELL AP Markets Writer A war breaks out between Israel and Hamas. An airliner is shot out of the sky in Ukraine. A Portuguese bank's finances look shaky.
Saturday, July 26 2014 5:54 PM EDT2014-07-26 21:54:38 GMT
U.S. stock futures headed lower early Friday as a handful of big companies posted weaker results than Wall Street expected. Amazon's shares sank after it posted a quarterly loss.
Investors got some bad news about the American shopper on Friday, driving down stocks and sending the Dow Jones industrial average to a loss for the week.
Saturday, July 26 2014 2:43 PM EDT2014-07-26 18:43:43 GMT
FedEx Corp., the latest shipper to be accused in a federal probe involving illegal online pharmacies, says it will fight the charges that it knowingly shipped drugs to people who lack valid prescriptions.
FedEx Corp., the latest company accused in a federal probe involving illegal online pharmacies, says it will fight the charges that it knowingly shipped drugs to people who lack valid prescriptions.
Saturday, July 26 2014 1:23 PM EDT2014-07-26 17:23:33 GMT
Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the crash of the Malaysian jetliner will bring about an international isolation that will cause...
Having for months dismissed Western sanctions on Russia as toothless, business leaders here are now afraid that the downing of the Malaysian jetliner will bring about an international isolation that will cause serious and...
Friday, July 25 2014 9:05 PM EDT2014-07-26 01:05:50 GMT
It's been called a David vs. Goliath story, a "Tale of Two Arthurs" and even the "ultimate Greek tragedy," but the characters in this drama are not Biblical or literary figures.
It's been called a David vs. Goliath story, a "Tale of Two Arthurs" and even the "ultimate Greek tragedy," but the characters in this drama are not Biblical or literary figures. They're grocery store owners.
Friday, July 25 2014 7:38 PM EDT2014-07-25 23:38:15 GMT
President Barack Obama is summoning Central American leaders to the White House to discuss the influx of young immigrants from their countries to the U.S., hoping to show presidential action even as Congress...
Pressing for swift action, President Barack Obama on Friday urged Central American presidents and congressional Republicans to help ease the influx of minors and migrant families crossing the southwest border of the U.S.
Friday, July 25 2014 7:14 PM EDT2014-07-25 23:14:29 GMT
Russia's consumer protection agency has filed a suit against McDonald's for allegedly selling food that does not meet legal standards.
Nearly a quarter-century after McDonald's startled and delighted Soviets with their first taste of American fast-food culture, the company's now facing a suit that could ban it from selling some of its signature...
Friday, July 25 2014 6:06 PM EDT2014-07-25 22:06:45 GMT
Fast food workers say they're prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers are expected to...
Fast food workers say they're prepared to escalate their campaign for higher wages and union representation, starting with a national convention in suburban Chicago where more than 1,000 workers will discuss the future...
Friday, July 25 2014 3:23 PM EDT2014-07-25 19:23:26 GMT
The House passed a bill Friday that would gradually increase the popular child tax credit and make it available to more families with higher incomes.
More families with higher incomes could claim the popular child tax credit under a bill that won approval Friday in the House. But in a dispute that divides Republicans and Democrats, millions of the poorest low-income...
Friday, July 25 2014 2:15 PM EDT2014-07-25 18:15:48 GMT
After spending nearly $300 million on a new computer system to handle disability claims, the Social Security Administration still can't get it to work. And officials can't say when it will.
After spending nearly $300 million on a new computer system to handle disability claims, the Social Security Administration still can't get it to work. And officials can't say when it will.
Friday, July 25 2014 2:05 PM EDT2014-07-25 18:05:35 GMT
Federal wildlife officials recently proposed strict nationwide limits on importing and shipping boa constrictors and four other snake species in an effort to prevent them from being introduced into the wild.
Federal wildlife officials recently proposed strict nationwide limits on importing and shipping boa constrictors and four other snake species in an effort to prevent them from being introduced into the wild.
Friday, July 25 2014 12:22 PM EDT2014-07-25 16:22:55 GMT
Most major Asian stock markets rose Friday after U.S. unemployment claims fell to an eight-year low and tensions over the downing of a Malaysia Airlines jet eased.
Global stock markets turned lower on Friday after weak earnings from Visa and Amazon and as European countries planned a range of sanctions against some Russian businesses.
Friday, July 25 2014 12:08 PM EDT2014-07-25 16:08:07 GMT
Germany's two largest airlines say they are not yet resuming flights to Israel even though the European Aviation Safety Agency has lifted a recommendation that airlines refrain from flying to Tel Aviv airport.
Air France and Germany's two biggest airlines decided Friday to resume flights to Tel Aviv after canceling operations for several days over safety concerns.
Friday, July 25 2014 12:07 PM EDT2014-07-25 16:07:31 GMT
Cyprus' international creditors say the country's bailout program is making good progress as fiscal targets have been comfortably met, welfare reform has move forward and more steps have been taken to shore...
Cyprus' international creditors said Friday that the country's bailout program is making good progress as fiscal targets have been comfortably met, welfare reform has moved forward and more steps have been taken to...
Friday, July 25 2014 9:22 AM EDT2014-07-25 13:22:37 GMT
Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans.
Orders for long-lasting manufactured goods rebounded in June after a May decline, helped by a recovery in demand in a key category that signals business investment plans.
Friday, July 25 2014 6:52 AM EDT2014-07-25 10:52:22 GMT
Official figures show Britain's economy has surpassed its pre-recession size for the first time since the 2008 global banking crisis.
Britain's economy has grown to surpass the peak it reached in 2008, before the global banking crisis caused a deep recession, official figures showed Friday.
Friday, July 25 2014 6:32 AM EDT2014-07-25 10:32:06 GMT
German business confidence is down for a third month in a row amid ongoing concerns about the economic impact of the crises in Ukraine and Iraq.
German business confidence fell for a third consecutive month amid ongoing concerns about the economic impact of the crises in Ukraine and the Middle East, though consumer confidence in Europe's largest economy...
Friday, July 25 2014 6:23 AM EDT2014-07-25 10:23:36 GMT
Russia's central bank has unexpectedly raised its key interest rate in a bid to stem inflation and support the currency as the country faces increasing economic pressure over its policies in Ukraine.
Russia's central bank has unexpectedly raised its key interest rate in a bid to stem inflation and support the currency as the country faces increasing economic pressure over its policies in Ukraine.
Friday, July 25 2014 6:23 AM EDT2014-07-25 10:23:17 GMT
McDonald's restaurants in Hong Kong have taken chicken nuggets and chicken filet burgers off the menu after a U.S.-owned supplier in mainland China was accused of selling expired meat.
McDonald's restaurants in Hong Kong have taken chicken nuggets and chicken filet burgers off the menu after a U.S.-owned supplier in mainland China was accused of selling expired meat.
Friday, July 25 2014 4:33 AM EDT2014-07-25 08:33:27 GMT
For the developers of the world's sixth tallest building near Seoul, a mysteriously shrinking lake and the appearance of small sinkholes in residential neighborhoods couldn't have come at a more inopportune...
For the developers of the world's sixth tallest building near Seoul, a mysteriously shrinking lake and the appearance of small sinkholes in residential neighborhoods couldn't have come at a more inopportune time.
Friday, July 25 2014 1:55 AM EDT2014-07-25 05:55:46 GMT
The official Algerian news agency says an Air Algerie flight from Burkina Faso to Algiers has disappeared from the radar.
An Air Algerie jetliner carrying 116 people crashed Thursday in a rainstorm over restive Mali, the third major international aviation disaster in a week.
Thursday, July 24 2014 11:06 PM EDT2014-07-25 03:06:54 GMT
Twitter is acknowledging that it has been hiring too many white and Asian men to fill high-paying technology jobs, just like several other major companies in Silicon Valley.
Twitter acknowledged that it has been hiring too many white and Asian men to fill high-paying technology jobs, just like several other major companies in Silicon Valley.
Thursday, July 24 2014 11:05 PM EDT2014-07-25 03:05:13 GMT
A law enforcement official and online marketplace StubHub say cyber thieves got into more than 1,000 customers' accounts and fraudulently bought tickets for events.
Some of the hottest tickets in town - to Broadway hits, Jay-Z and Justin Timberlake concerts, a New York Yankees-Boston Red Sox game - were snapped up by an international ring of cyber thieves who commandeered more than...
Thursday, July 24 2014 11:04 PM EDT2014-07-25 03:04:24 GMT
Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen.
Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen.
Thursday, July 24 2014 10:05 PM EDT2014-07-25 02:05:10 GMT
Nearly 300 passengers perish when their plane is shot out of the sky. Airlines suspend flights to Israel's largest airport after rocket attacks. An airliner crashes during a storm, and yet another disappears....
Nearly 300 passengers perish when their plane is shot out of the sky. Airlines suspend flights to Israel's largest airport after rocket attacks. Two airliners crash during storms. Aviation has suffered one of its worst...
Thursday, July 24 2014 7:41 PM EDT2014-07-24 23:41:54 GMT
Visa Inc. said Thursday that its profit climbed 11 percent in its fiscal third quarter versus a year earlier, aided by solid growth in payments volume, service revenue and transactions.
Visa Inc. said Thursday that its profit climbed 11 percent in its fiscal third quarter versus a year earlier, aided by solid growth in payments volume, service revenue and transactions.
Thursday, July 24 2014 6:56 PM EDT2014-07-24 22:56:02 GMT
Bankrupt power giant Energy Future Holdings terminated its restructuring agreement and announced plans to auction its stake in the profitable power transmission business Oncor Electric Delivery Co., according to a...
Bankrupt power giant Energy Future Holdings terminated its restructuring agreement and announced plans to auction its stake in the profitable power transmission business Oncor Electric Delivery Co., according to a filing...
Thursday, July 24 2014 5:43 PM EDT2014-07-24 21:43:55 GMT
President Barack Obama wraps up a three-day fundraising trip on the West Coast on Thursday, devoting part of his day to promoting his economic agenda at a technical college.
Staking out a populist stand ahead of the midterm elections, President Barack Obama on Thursday demanded "economic patriotism" from U.S. corporations that use legal means to avoid U.S. taxes through overseas mergers.
Thursday, July 24 2014 5:22 PM EDT2014-07-24 21:22:29 GMT
Union Pacific Corp. says its quarterly profit climbed 17 percent as the railroad hauled 8 percent more freight and raised shipping rates.
Union Pacific Corp. said Thursday that its quarterly profit climbed 17 percent as the railroad hauled 8 percent more freight and raised shipping rates.
Thursday, July 24 2014 5:12 PM EDT2014-07-24 21:12:14 GMT
Would-be home sellers across the country are grappling with a once-in-a-lifetime problem: They have mortgage rates so absurdly low it would hurt them financially to sell.
In a story July 11 about people who are hesitant to sell their homes and give up their ultra-low mortgage rates, The Associated Press reported erroneously that a rental index compiled by real estate data provider Zillow...
Thursday, July 24 2014 4:14 PM EDT2014-07-24 20:14:52 GMT
Wal-Mart Stores Inc. says U.S. discount-store chief Bill Simon is stepping down.
Wal-Mart is replacing the chief of its U.S. discount stores in what could be an indication that it's losing confidence that its largest business unit will rebound after more than a year of disappointing results.
Thursday, July 24 2014 3:23 PM EDT2014-07-24 19:23:29 GMT
By The Associated Press Investing in airlines has long been the butt of jokes, especially when many U.S. carriers traipsed through bankruptcy court in the past decade.
By The Associated Press Investing in airlines has long been the butt of jokes, especially when many U.S. carriers traipsed through bankruptcy court in the past decade.
Thursday, July 24 2014 2:34 PM EDT2014-07-24 18:34:51 GMT
Texas Gov. Rick Perry has distributed $205 million in taxpayer money to scores of technology startups using a pet program designed to bring high-paying jobs and innovation to the nation's second most-populous...
Texas Gov. Rick Perry has distributed $205 million in taxpayer money to scores of technology startups using a pet program designed to bring high-paying jobs and innovation to the nation's second most-populous state.
Thursday, July 24 2014 2:14 PM EDT2014-07-24 18:14:55 GMT
Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis.
Morgan Stanley has agreed to pay $275 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis.
Thursday, July 24 2014 12:44 PM EDT2014-07-24 16:44:17 GMT
Congress will hear testimony Wednesday detailing how undercover investigators used fake identities to get taxpayer-subsidized health insurance under President Barack Obama's law.
Undercover investigators using fake identities were able to secure taxpayer-subsidized health insurance under President Barack Obama's health care law, congressional investigators said Wednesday.
Thursday, July 24 2014 12:43 PM EDT2014-07-24 16:43:24 GMT
General Motors says second-quarter profit fell 85 percent as recall costs chopped $1.5 billion from the bottom line.
Recall expenses chopped $1.5 billion from General Motors' bottom line in the second quarter, as it added up the costs of repairs for nearly 30 million cars and set aside funds to compensate victims of small-car crashes.
Thursday, July 24 2014 12:24 PM EDT2014-07-24 16:24:38 GMT
Ford Motor Co.'s second quarter net income rose 6 percent to $1.3 billion as the company saw record profits in North America and made money in Europe for the first time in three years.
Ford Motor Co. beat Wall Street's expectations in the second quarter as it chalked up a record profit in North America and made money in Europe for the first time in three years.
Thursday, July 24 2014 12:24 PM EDT2014-07-24 16:24:35 GMT
The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies.
The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies.
Thursday, July 24 2014 12:23 PM EDT2014-07-24 16:23:46 GMT
Swiss drugmaker Roche Holding AG has posted a net profit drop of 7 percent compared with a year ago, weighed down by a strong Swiss franc and charges from one of its diagnostic units.
Swiss drugmaker Roche Holding AG on Thursday posted a net profit drop of 7 percent compared with a year ago, weighed down by a strong Swiss franc and charges from one of its diagnostic units.
Thursday, July 24 2014 12:13 PM EDT2014-07-24 16:13:20 GMT
World shares were rattled Thursday by reports the European Union is weighing stiffer financial sanctions against Russia.
Markets were solid Thursday as geopolitical tensions largely related to the downing of a Malaysia Airlines jet over Ukraine subsided somewhat and after further upbeat U.S. jobs data was offset somewhat by surprisingly weak...
Thursday, July 24 2014 11:20 AM EDT2014-07-24 15:20:51 GMT
The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies.
The International Monetary Fund foresees the global economy expanding less than it had previously forecast, slowed by weaker growth in the United States, Russia and developing economies.
Thursday, July 24 2014 9:01 AM EDT2014-07-24 13:01:59 GMT
By The Associated Press The price of oil fell Thursday, giving back part of its sizeable jump the day before, despite improvement in Chinese manufacturing.
By PABLO GORONDI Associated Press The price of oil fell below $103 a barrel Thursday, giving back part of its gains from the day before, despite improvements in Chinese manufacturing.
Thursday, July 24 2014 8:47 AM EDT2014-07-24 12:47:14 GMT
A former British tabloid reporter was given a 10-month suspended prison sentence Thursday for his role in the long-running phone hacking scandal that shook Rupert Murdoch's media empire.
A former British tabloid reporter was given a 10-month suspended prison sentence Thursday for his role in the long-running phone hacking scandal that shook Rupert Murdoch's media empire.
