Thursday, April 24 2014 10:25 PM EDT2014-04-25 02:25:48 GMT
President Barack Obama is rejecting suggestions that an Asia-Pacific trade deal is in danger.
When President Barack Obama arrives in South Korea on Friday, he will be thrust anew into the role of consoler in chief in a time of crisis, a responsibility he has become all too accustomed to in the United States.
Thursday, April 24 2014 8:45 PM EDT2014-04-25 00:45:00 GMT
Postal workers in cities big and small protested in front of Staples stores on Thursday, objecting to the U.S. Postal Service's pilot program to open counters in stores, staffed with retail employees.
Postal workers in cities big and small protested in front of Staples stores on Thursday, objecting to the U.S. Postal Service's pilot program to open counters in stores, staffed with retail employees.
Thursday, April 24 2014 8:35 PM EDT2014-04-25 00:35:21 GMT
Vermont lawmakers have passed the country's first state bill to require the labeling of genetically modified foods as such, setting up a war between the behemoth U.S. food industry and an American public that...
Vermont has raised the stakes in the debate over genetically modified foods by becoming the first state to pass a bill requiring that they be labeled as such in the grocery aisle, making the move despite the opposition of...
Thursday, April 24 2014 8:05 PM EDT2014-04-25 00:05:50 GMT
A Nevada rancher at the center of a national feud with the federal government over cattle grazing is facing sharp criticism for racist comments he made that were published in a New York Times article.
A Nevada rancher who became a conservative folk hero for standing up to the government in a fight over grazing rights lost some of his staunch defenders Thursday after wondering aloud whether blacks might have had it...
Thursday, April 24 2014 7:24 PM EDT2014-04-24 23:24:10 GMT
By ALEX VEIGA AP Business Writer Visa Inc.'s profit jumped 26 percent in its fiscal second quarter from a year earlier as the company benefited from strong growth in payments volume, service...
By ALEX VEIGA AP Business Writer Visa Inc.'s profit jumped 26 percent in its fiscal second quarter from a year earlier as the company benefited from strong growth in payments volume, service revenue...
Thursday, April 24 2014 7:05 PM EDT2014-04-24 23:05:07 GMT
A major supplier to the oil and gas industry says it will begin disclosing 100 percent of the chemicals used in hydraulic fracturing fluid, with no exemptions for trade secrets. The move by Baker Hughes of Houston...
A major supplier to the oil and gas industry says it will begin disclosing 100 percent of the chemicals used in hydraulic fracturing fluid, with no exemptions for trade secrets. The move by Baker Hughes of Houston is a...
Thursday, April 24 2014 7:00 PM EDT2014-04-24 23:00:10 GMT
The National Labor Relations Board has granted Northwestern University's request that it review its ruling that football players at the university are essentially employees of the school with full collective...
Northwestern University's football players will cast ballots Friday on whether to form the nation's first union for college athletes - a potentially landmark vote that will be kept sealed for months and possibly...
Thursday, April 24 2014 6:48 PM EDT2014-04-24 22:48:40 GMT
Google, Apple, Intel and Adobe have settled a class-action lawsuit alleging they conspired to prevent their engineers and highly sought technology workers from getting better job offers from one another.
Google, Apple, Intel and Adobe Systems have settled a class-action lawsuit alleging they conspired to prevent their engineers and other highly sought technology workers from getting better job offers from one another.
Thursday, April 24 2014 6:14 PM EDT2014-04-24 22:14:49 GMT
Federal health regulators have cleared a genetic test from Roche as the first ever U.S.-approved alternative to the Pap smear, the decades-old mainstay of cervical cancer screening.
Federal health regulators have cleared a genetic test from Roche as a first-choice screening option for cervical cancer. It was a role previously reserved for the Pap smear, the decades-old mainstay of women's health.
Thursday, April 24 2014 5:55 PM EDT2014-04-24 21:55:42 GMT
Residents and emergency crews were waiting for a fire to burn itself out after an explosion at a natural gas processing plant in a small town in southwestern Wyoming.
It remains to be seen just how much of a lasting natural gas-price spike people in the West will feel after a dramatic explosion and fire at a major gas processing plant in western Wyoming.
Thursday, April 24 2014 5:34 PM EDT2014-04-24 21:34:20 GMT
U.S. stock futures rose sharply 30 minutes before the opening bell as investors cheered strong earnings from Apple and Facebook. Investors also were encouraged by a positive report on orders for long-lasting goods.
The stock market closed mostly higher Thursday, helped by positive earnings out of several large U.S. companies including Apple and construction equipment maker Caterpillar.
Thursday, April 24 2014 5:34 PM EDT2014-04-24 21:34:16 GMT
The owner of a tugboat that collided with a ship last month dumping nearly 170,000 gallons of oil into the Houston Ship Channel claims in court filings the ship was speeding and being operated in a reckless manner.
The owner of a tugboat that collided with a ship last month, dumping nearly 170,000 gallons of oil into the Houston Ship Channel, claims in court filings the ship was speeding and being operated in a reckless manner.
Thursday, April 24 2014 5:15 PM EDT2014-04-24 21:15:27 GMT
The Federal Communications Commission is set to propose new Internet rules that would allow Internet service providers to charge content companies for faster delivery of their services over the so-called "last...
The nation's top telecoms regulator is proposing to allow a pay-for-priority fast lane on the Internet for movies, music and other services to get to people's homes.
Thursday, April 24 2014 5:04 PM EDT2014-04-24 21:04:18 GMT
By The Associated Press Meredith Corp. says it is ending subscription service of "Ladies' Home Journal" due to declining advertiser interest.
By SARAH SKIDMORE SELL AP Business Writer Meredith Corp. is ending subscription service for "Ladies' Home Journal," one of the nation's oldest women's magazines, due to declining advertiser...
Thursday, April 24 2014 4:46 PM EDT2014-04-24 20:46:56 GMT
China's official news agency says authorities plan to revoke two crucial publication licenses for web giant Sina.com because pornographic content was found on its sites.
China plans to revoke two crucial publication licenses for Sina.com, which might partially ban the web giant's operations, because obscene content was found during an anti-pornography crackdown, state media said Thursday.
Thursday, April 24 2014 4:46 PM EDT2014-04-24 20:46:19 GMT
Michelle Obama's annual question-and-answer session with the children of Executive Office employees has taken a somber turn.
Michelle Obama's annual question-and-answer session with the children of Executive Office employees took a serious turn Thursday when a 10-year-old girl in the front row told the first lady that her dad had been out of...
Thursday, April 24 2014 4:05 PM EDT2014-04-24 20:05:44 GMT
Amazon is taking aim at grocery stores and discounters like Wal-Mart with a grocery service that lets its Prime loyalty club members fill up to a 45-pound box with groceries and get it shipped for a flat rate of...
Amazon is taking aim at grocery stores and discounters like Wal-Mart with a grocery service that lets its Prime loyalty club members fill up to a 45-pound box with groceries and get it shipped for a flat rate of $5.99.
Thursday, April 24 2014 4:04 PM EDT2014-04-24 20:04:46 GMT
North Dakota confirmed Thursday the discovery of a new radioactive dump of waste from oil drilling, and separately a company hired to clean up waste found in February at another location said it removed double the...
North Dakota confirmed Thursday the discovery of a new radioactive dump of waste from oil drilling, and separately a company hired to clean up waste found in February at another location said it removed double the amount...
Thursday, April 24 2014 3:54 PM EDT2014-04-24 19:54:56 GMT
When they moved from Georgia to the theme park playground of central Florida four years ago, Anthony and Candice Johnson found work at a barbecue restaurant and a 7-Eleven. Their combined salaries nevertheless fell...
When they moved from Georgia to the theme park playground of central Florida four years ago, Anthony and Candice Johnson found work at a barbecue restaurant and a 7-Eleven. Their combined salaries nevertheless fell short...
Thursday, April 24 2014 3:47 PM EDT2014-04-24 19:47:24 GMT
The federal government wants to ban sales of electronic cigarettes to minors and require approval for new products and health warning labels under regulations being proposed by the Food and Drug Administration.
The federal government's move to regulate e-cigarettes is a leap into the unknown.
Thursday, April 24 2014 3:46 PM EDT2014-04-24 19:46:59 GMT
Google's top social networking executive is leaving the Internet company after a nearly eight-year stint highlighted by an audacious challenge to Facebook.
Google's top social networking executive is leaving the Internet company after a nearly eight-year stint highlighted by an audacious challenge to Facebook.
Thursday, April 24 2014 3:45 PM EDT2014-04-24 19:45:26 GMT
The New York Times Co. said Thursday that its first-quarter net profit dropped 51 percent, as higher costs outpaced small increases in circulation and advertising revenue.
The New York Times Co. said Thursday that its first-quarter net profit dropped 51 percent, as higher costs outpaced small increases in circulation and advertising revenue.
Thursday, April 24 2014 3:14 PM EDT2014-04-24 19:14:20 GMT
General Motors says first-quarter profit fell 86 percent as a series of recalls dragged down its earnings.
The cost of recalling nearly 7 million cars and trucks sank General Motors' first-quarter profit, but the company's CEO said the much-publicized recalls have yet to cut into sales.
Thursday, April 24 2014 3:04 PM EDT2014-04-24 19:04:22 GMT
Even with the turbulence of severe winter storms and stubbornly high fuel prices, many of the major airlines are cruising and their stock prices are soaring.
Even with the turbulence of severe winter storms and stubbornly high fuel prices, many of the major airlines are cruising and their stock prices are soaring.
Thursday, April 24 2014 2:54 PM EDT2014-04-24 18:54:39 GMT
Workers at Philadelphia's two largest newspapers won't be able to mount a bid for their troubled company, after a wealthy potential backer balked at the projected $77 million opening price.
Workers at Philadelphia's two largest newspapers won't be able to mount a bid for their troubled company, after a wealthy potential backer balked at the projected $77 million opening price.
Thursday, April 24 2014 2:14 PM EDT2014-04-24 18:14:59 GMT
President Vladimir Putin has mocked the Internet as a CIA project and pledged to protect Russia's interests online.
President Vladimir Putin on Thursday called the Internet a CIA project and made comments about Russia's biggest search engine Yandex, sending the company's shares plummeting.
Thursday, April 24 2014 12:04 PM EDT2014-04-24 16:04:25 GMT
By The Associated Press Caterpillar's first-quarter earnings climbed 5 percent and the construction equipment maker raised its 2014 forecast. But the company also says a mining equipment...
By TOM MURPHY AP Business Writer Caterpillar's first-quarter earnings rose 5 percent, and the construction equipment maker raised its 2014 forecast. But the company also said Thursday that a mining...
Thursday, April 24 2014 11:56 AM EDT2014-04-24 15:56:48 GMT
As the air gets warmer and spring blossoms, the season of music festivals is upon us. From Bonnaroo Music & Arts Festival in Tennessee in June to Lollapalooza in Chicago in August, music lovers across the...
As the air gets warmer and spring blossoms, the season of music festivals is upon us. From Bonnaroo Music & Arts Festival in Tennessee in June to Lollapalooza in Chicago in August, music lovers across the country will...
Thursday, April 24 2014 11:55 AM EDT2014-04-24 15:55:19 GMT
By The Associated Press Aetna says its first-quarter net income soared 36 percent, fueled by gains from a multi-billion-dollar acquisition. The health insurer raised its 2014 earnings forecast.
By TOM MURPHY AP Business Writer Aetna's first-quarter net income soared 36 percent, fueled by gains from a multi-billion-dollar acquisition, and the health insurer hiked its 2014 earnings forecast...
Thursday, April 24 2014 11:55 AM EDT2014-04-24 15:55:08 GMT
Asian shares were mixed as stocks in Tokyo slipped Thursday after talks between Japan's prime minister and visiting President Barack Obama produced little on a trade agreement.
Solid earnings from Apple and Facebook helped shore up global markets on Thursday despite other disappointing earnings and an earlier hefty retreat in Tokyo.
Thursday, April 24 2014 11:34 AM EDT2014-04-24 15:34:15 GMT
Altria's first-quarter profit dropped 15 percent as the Marlboro maker sold fewer cigarettes and its year-ago results benefited lower expenses from a longstanding legal settlement.
Altria Group Inc.'s first-quarter profit dropped 15 percent as the Marlboro maker sold fewer cigarettes and its year-ago results benefited from lower expenses from a longstanding legal settlement.
Thursday, April 24 2014 10:54 AM EDT2014-04-24 14:54:47 GMT
Mikhail Khodorkovsky, once Russia's most famous prisoner, has harshly criticized Russian President Vladimir Putin over the annexation of Crimea and Russian pressure against Ukraine.
Mikhail Khodorkovsky, once Russia's most famous prisoner, has harshly criticized Russian President Vladimir Putin over the annexation of Crimea and Russian pressure against Ukraine.
Thursday, April 24 2014 10:25 AM EDT2014-04-24 14:25:09 GMT
The recovery in the Spanish economy appears to be gathering steam.
Spain's economy expanded by 0.4 percent in the first quarter, the Bank of Spain estimated Thursday, the fastest growth in six years and further evidence the recovery is gathering steam.
Thursday, April 24 2014 10:05 AM EDT2014-04-24 14:05:30 GMT
The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter.
The number of people seeking U.S. unemployment benefits surged 24,000 to a seasonally adjusted 329,000 last week, though the gain likely reflected temporary layoffs in the week before Easter.
Thursday, April 24 2014 9:55 AM EDT2014-04-24 13:55:29 GMT
Orthopedic device maker Zimmer is buying privately-held Biomet in a cash-and-stock deal valued at about $13.35 billion. Zimmer says the deal will expand its product offerings and services.
Orthopedic device maker Zimmer is buying privately-held Biomet for about $13.35 billion in a move aimed at helping expand its product offerings and services.
Thursday, April 24 2014 9:55 AM EDT2014-04-24 13:55:19 GMT
Southwest Airlines says it made a record $152 million in the first quarter, more than doubling the $59 million profit it had during the same time last year.
Southwest Airlines Co. said Thursday that it made a record $152 million in the first quarter, more than doubling the $59 million it earned during the same time last year.
Thursday, April 24 2014 9:35 AM EDT2014-04-24 13:35:26 GMT
The Mandalay Bay resort in Las Vegas announced a $66 million expansion project that will boost its convention center from the seventh-largest to the fifth-largest in the United States.
The Mandalay Bay resort in Las Vegas announced a $66 million expansion project that will boost its convention center from the seventh-largest to the fifth-largest in the United States.
Thursday, April 24 2014 9:24 AM EDT2014-04-24 13:24:55 GMT
Orders to U.S. factories for long-lasting manufactured goods posted a solid gain for the second straight month in March. A key category that signals business investment plans increased at the fastest pace in four...
Orders to U.S. factories for long-lasting manufactured goods posted a solid gain for the second straight month in March. A key category that signals business investment plans increased at the fastest pace in four months.
Thursday, April 24 2014 8:34 AM EDT2014-04-24 12:34:50 GMT
By SCOTT MAYEROWITZ AP Business Writer United Airlines is the one U.S. carrier that can't seem to get its act together, losing $609 million during the first three months of this year.
By SCOTT MAYEROWITZ AP Business Writer United Airlines is the one U.S. carrier that can't seem to get its act together.
Thursday, April 24 2014 7:55 AM EDT2014-04-24 11:55:04 GMT
The price of oil rebounded Thursday on worries about tensions in Ukraine.
By PABLO GORONDI Associated Press The price of oil rebounded to near $102 a barrel Thursday on worries about tensions in Ukraine and continued concerns about crude exports from Libya and Nigeria.
Thursday, April 24 2014 6:54 AM EDT2014-04-24 10:54:58 GMT
One year after the Rana Plaza garment factory collapsed in a pile of concrete slabs and twisted metal, Bangladeshi seamstress Shefali says she would rather starve to death than return to factory work.
One year after the Rana Plaza garment factory collapsed in a pile of concrete slabs and twisted metal, Bangladeshi seamstress Shefali says she would rather starve to death than return to factory work.
Thursday, April 24 2014 6:54 AM EDT2014-04-24 10:54:41 GMT
Starwood's first-quarter net income declined 36 percent compared with last year when it booked some big asset sales, but it easily beat Wall Street expectations for profit and revenue.
Starwood's first-quarter net income declined 36 percent compared with last year when it booked some big asset sales, but it easily beat Wall Street expectations for profit and revenue.
Thursday, April 24 2014 6:15 AM EDT2014-04-24 10:15:26 GMT
Bankruptcy proceedings have begun for Mt. Gox, a move that was widely expected after the Tokyo District Court decided earlier this month that the bitcoin exchange would not be able to resurrect itself.
Bankruptcy proceedings began Thursday for the Mt. Gox bitcoin exchange, a move that was widely expected after the Tokyo District Court decided earlier this month that the company would not be able to resurrect itself.
Thursday, April 24 2014 5:14 AM EDT2014-04-24 09:14:41 GMT
Talks between the United States and Japan on a Pacific Rim trade pact have halted for now without any resolution in sight, spoiling plans for a showcase deal during President Barack Obama's visit to Tokyo.
Talks between the United States and Japan on a Pacific Rim trade pact have halted for now without any resolution in sight, spoiling plans for a showcase deal during President Barack Obama's visit to Tokyo.
Thursday, April 24 2014 4:24 AM EDT2014-04-24 08:24:35 GMT
Unilever PLC, the maker of consumer products such as Dove soaps and Ben & Jerry's ice cream, says its underlying sales grew in the first quarter, but revenue was down due to a big impact from the stronger...
Unilever PLC, the maker of consumer products such as Dove soaps and Ben & Jerry's ice cream, said Thursday that the stronger euro dented its revenues in the first quarter of the year.
Thursday, April 24 2014 4:14 AM EDT2014-04-24 08:14:49 GMT
Volkswagen has come closer to realizing its ambition to takeover Scania after the fourth largest shareholder in the Swedish truck maker announced it will accept the 6.7 billion-euro ($9.2 billion) bid.
Volkswagen has come closer to realizing its ambition to takeover Scania after the fourth largest shareholder in the Swedish truck maker announced it will accept the 6.7 billion-euro ($9.2 billion) bid.
Thursday, April 24 2014 3:24 AM EDT2014-04-24 07:24:52 GMT
President Barack Obama is opening a four-country visit to the Asia-Pacific region in Japan, but the West's dispute with Russia over Ukraine is looming.
Showing solidarity with Japan, President Barack Obama affirmed Thursday that the U.S. would be obligated to defend Tokyo in a confrontation with Beijing over a set of disputed islands, but urged all sides to resolve the...
Thursday, April 24 2014 3:14 AM EDT2014-04-24 07:14:57 GMT
Heineken NV says it has returned to growth in its crucial Western Europe market in the first quarter, after a long period of stagnation. "Organic" sales - measured by operations held in both years, stripping out...
Heineken NV says it has returned to growth in its crucial Western Europe market in the first quarter, after a long period of stagnation. Organic sales - a figure which strips out the effects of currencies and acquisitions...
Thursday, April 24 2014 1:55 AM EDT2014-04-24 05:55:34 GMT
Warning Russia that new economic sanctions are "teed up," President Barack Obama accused Moscow of failing to live up to an agreement last week to ease tensions in eastern Ukraine.
Warning Russia that new economic sanctions are "teed up," President Barack Obama accused Moscow of failing to live up to an agreement last week to ease tensions in eastern Ukraine.
Thursday, April 24 2014 12:24 AM EDT2014-04-24 04:24:52 GMT
China's government says it will open 80 projects in eight state-run industries to private and foreign investors as part of efforts to make its slowing economy more efficient.
China's government says it will open 80 projects in eight state-run industries to private and foreign investors as part of efforts to make its slowing economy more productive.
Wednesday, April 23 2014 9:44 PM EDT2014-04-24 01:44:35 GMT
Shares were mixed Wednesday, as weak data from China sapped the upward momentum from an overnight rally on a flurry of deals in the pharmaceutical sector.
Asian shares lacked a clear direction in early Thursday trading as players took a mostly wait-and-see view ahead of talks between Japan's prime minister and visiting President Barack Obama.
Wednesday, April 23 2014 9:35 PM EDT2014-04-24 01:35:05 GMT
The Federal Communications Commission is set to propose new open Internet rules that would allow content companies to pay for faster delivery over the so-called "last mile" connection to people's homes.
The Federal Communications Commission is set to propose new open Internet rules that would allow content companies to pay for faster delivery over the so-called "last mile" connection to people's homes, but enhance...
Wednesday, April 23 2014 8:14 PM EDT2014-04-24 00:14:32 GMT
Apple plans to buy back an additional $30 billion of its stock and raise its quarterly dividend by 8 percent amid a slowdown in revenue growth.
Apple is doling out more of its cash to shareholders and preparing to split its stock for the first time in nine years in an attempt to win back investors fretting about the iPhone maker's slowing sales growth and pace...
Wednesday, April 23 2014 6:46 PM EDT2014-04-23 22:46:19 GMT
Facebook's first-quarter earnings and revenue grew sharply, surpassing Wall Street's expectations thanks to an 82 percent increase in advertising revenue.
Facebook's earnings nearly tripled and revenue grew sharply in the first quarter, surpassing Wall Street's expectations thanks to an 82 percent increase in advertising revenue.
Wednesday, April 23 2014 6:45 PM EDT2014-04-23 22:45:58 GMT
The Supreme Court is taking up a dispute between broadcasters and an Internet startup company that has the potential to bring big changes to the television industry.
Grappling with fast-changing technology, Supreme Court justices debated Tuesday whether they can protect the copyrights of TV broadcasters to the shows they send out without strangling innovations in the use of the internet.
Wednesday, April 23 2014 5:14 PM EDT2014-04-23 21:14:38 GMT
By The Associated Press U.S. stock futures barely budged in pre-market trading Wednesday as positive earnings news from U.S. companies was offset by a disappointing economic report from China.
Stocks edged mostly lower Wednesday, breaking a six-day winning streak, as investors were disappointed by the latest round of earnings from U.S. companies.
Wednesday, April 23 2014 4:26 PM EDT2014-04-23 20:26:13 GMT
The founder of Russia's leading social media network - a wunderkind often described as Russia's Mark Zuckerberg - has left his post as CEO and fled the country as cronies of President Vladimir Putin have...
The founder of Russia's leading social media network - a wunderkind often described as Russia's Mark Zuckerberg - has left his post as CEO and fled the country as cronies of President Vladimir Putin have made...
Wednesday, April 23 2014 3:55 PM EDT2014-04-23 19:55:09 GMT
The government is developing a website to help job-seeking veterans and military spouses create resumes, make connections with employers and become part of a database that companies can mine for skills and talents.
To help veterans leaving the military as it downsizes, the government on Wednesday started a one-stop job-shopping website for them to create resumes, connect with employers and become part of a database for companies to...
Wednesday, April 23 2014 2:45 PM EDT2014-04-23 18:45:26 GMT
Amazon is teaming up with HBO, the first streaming arrangement agreed to by the cable network, in a deal that will make available to Amazon prime members some classic TV like "The Sopranos" and "The Wire."
Fans of classic HBO shows like "The Sopranos" and "The Wire" will soon have access to those series and more through Amazon Prime in the first online streaming deal signed by the cable network.
Wednesday, April 23 2014 1:44 PM EDT2014-04-23 17:44:56 GMT
Former New York Mayor Michael Bloomberg's foundation has announced a $5 million investment in an artsy-looking solar-powered lamp designed for use in off-grid populations in Africa.
Former New York Mayor Michael Bloomberg's foundation on Tuesday announced a $5 million investment in an artsy-looking solar-powered lamp designed for use in off-grid populations in Africa.
Wednesday, April 23 2014 1:44 PM EDT2014-04-23 17:44:48 GMT
Television broadcasters face off at the U.S. Supreme Court on Tuesday with Aereo, a company that offers live TV over the Internet. The case hinges on whether the service constitutes a public performance in...
Television broadcasters face off at the U.S. Supreme Court on Tuesday with Aereo, a company that offers live TV over the Internet. The case hinges on whether the service constitutes a public performance in violation of...
Wednesday, April 23 2014 1:04 PM EDT2014-04-23 17:04:44 GMT
By TOM MURPHY and CATHERINE LUCEY Associated Press That little voice nagging you to put down the cake and lace up the running shoes is increasingly coming from your employer and is likely to grow...
By TOM MURPHY and CATHERINE LUCEY Associated Press That little voice nagging you to put down the cake and lace up the running shoes is increasingly coming from your employer and is likely to grow louder...
Wednesday, April 23 2014 12:54 PM EDT2014-04-23 16:54:35 GMT
Norfolk Southern Corp.'s first-quarter profit fell 18 percent as severe winter weather slowed shipments and the railroad delivered 1 percent less freight overall.
Norfolk Southern's first-quarter profit fell 18 percent as severe winter weather slowed the railroad's shipments and coal revenue dropped 15 percent.
Wednesday, April 23 2014 12:44 PM EDT2014-04-23 16:44:56 GMT
Official figures show that governments across the 28-country European Union recorded lower budget deficits in 2013 amid lower spending and an economic recovery that shored up revenues.
Europe's debt crisis is receding farther behind in the rear view mirror.
Wednesday, April 23 2014 12:24 PM EDT2014-04-23 16:24:53 GMT
Microsoft is expanding a program that gives schools the ability to prevent ads from appearing in search results when they use its Bing search engine. The program, launched in a pilot program earlier this year, is...
Microsoft is expanding a program that gives schools the ability to prevent ads from appearing in search results when they use its Bing search engine. The program, launched in a pilot program earlier this year, is now...
Wednesday, April 23 2014 12:24 PM EDT2014-04-23 16:24:38 GMT
Gannett Co. said Wednesday that its first-quarter net profit dropped 43 percent, pulled down by restructuring costs, but its adjusted profit managed to beat Wall Street predictions by a penny.
Gannett Co. said Wednesday that its first-quarter net profit dropped 43 percent, pulled down by restructuring costs, but its adjusted profit managed to beat Wall Street predictions by a penny.
Wednesday, April 23 2014 11:14 AM EDT2014-04-23 15:14:30 GMT
Procter & Gamble Co.'s fiscal third-quarter net income rose 2 percent, bolstered by some lower expenses and a reduced tax rate.
Procter & Gamble's fiscal third-quarter net income rose 2 percent as it cut costs to offset sluggish sales in categories like beauty and family products.
Wednesday, April 23 2014 11:14 AM EDT2014-04-23 15:14:29 GMT
The rundown, overcrowded Terminal 2 at London's sprawling Heathrow Airport is long gone, about to be replaced by a spacious new building built to handle 20 million passengers each year.
The rundown, overcrowded Terminal 2 at London's sprawling Heathrow Airport is long gone, about to be replaced by a spacious new building built to handle 20 million passengers each year.
Wednesday, April 23 2014 10:44 AM EDT2014-04-23 14:44:25 GMT
The number of Americans buying new homes plummeted in March to the slowest pace in seven months, a sign that real estate's spring buying season is off to a weak start.
The number of Americans buying new homes plummeted in March to the slowest pace in eight months, a sign that real estate's spring buying season is off to a weak start.
Wednesday, April 23 2014 9:44 AM EDT2014-04-23 13:44:39 GMT
Business activity in Europe has risen to its highest level in three years as a once-shaky economic recovery gains speed.
A closely watched survey has found business activity across the 18-country eurozone running at a three-year high, in perhaps the clearest sign yet that the economic recovery is gaining momentum.
Wednesday, April 23 2014 9:44 AM EDT2014-04-23 13:44:25 GMT
By PABLO GORONDI Associated Press The price of oil slipped closer to $104 a barrel Monday as investors weighed expectations of rising U.S. crude stockpiles against tensions in Ukraine.
By PABLO GORONDI Associated Press The price of oil slipped further below $102 a barrel Wednesday as traders awaited weekly data that are expected to show rising U.S. crude stockpiles.
Wednesday, April 23 2014 9:05 AM EDT2014-04-23 13:05:23 GMT
Portugal's chances of ending its three-year bailout program without requiring more help have increased after interest rates fell steeply in a 10-year bond auction.
Portugal's chances of ending its three-year bailout program without requiring more help have increased after interest rates fell steeply in a 10-year bond auction Wednesday.
Wednesday, April 23 2014 8:05 AM EDT2014-04-23 12:05:57 GMT
The French government has raised its public deficit forecasts amid slow growth, but is still pledging to meet the European Union deficit target of 3 percent next year.
The French government has raised its public deficit forecasts amid slow growth, but is still pledging to meet the European Union deficit target of 3 percent next year.
Wednesday, April 23 2014 8:05 AM EDT2014-04-23 12:05:52 GMT
Reynolds American Inc. says its first-quarter profit fell more than 28 percent as the company experienced lower cigarette sales and higher spending on its electronic cigarettes and legal costs.
Reynolds American Inc.'s first-quarter profit fell more than 28 percent as the company sold fewer cigarettes and spent more on expanding its electronic cigarette brand and legal costs.
Wednesday, April 23 2014 6:04 AM EDT2014-04-23 10:04:48 GMT
Twenty-one European cities from Cardiff, Wales, to Stara Zagora, Bulgaria, are finalists in a lucrative innovation contest devised by former New York Mayor Michael Bloomberg.
Amsterdam wants to create an online game to get unemployed young people engaged in finding jobs across Europe. Schaerbeek, Belgium, envisions using geothermal mapping to give households personalized rundowns of steps to...
Wednesday, April 23 2014 2:35 AM EDT2014-04-23 06:35:17 GMT
Wireless equipment maker Ericsson says first-quarter profit increased to 1.7 billion kronor ($260 million) mainly because of restructuring and licensing income even as revenue fell by 9 percent compared to the same...
Wireless equipment maker Ericsson says first-quarter profit increased to 1.7 billion kronor ($260 million) mainly because of restructuring and licensing income even as revenue fell by 9 percent compared to the same period...
Wednesday, April 23 2014 2:14 AM EDT2014-04-23 06:14:08 GMT
An international human rights group has slammed Qatar for failing to protect foreign maids and other domestic workers from exploitation, adding pressure on the Gulf state over its labor practices as it gears up to...
An international human rights group has slammed Qatar for failing to protect foreign maids and other domestic workers from exploitation, adding pressure on the Gulf state over its labor practices as it gears up to host the...
Wednesday, April 23 2014 1:04 AM EDT2014-04-23 05:04:06 GMT
Australia has increased its order for F-35 Joint Strike Fighters by 58 to 72 to be fully operational by 2023 in a declaration of confidence in the troubled stealth war plane.
Australia announced Wednesday that it had increased its order for F-35 Joint Strike Fighters by 58 to 72 to be fully operational by 2023 in a declaration of confidence in the troubled stealth war plane.
Wednesday, April 23 2014 12:14 AM EDT2014-04-23 04:14:11 GMT
World stocks fluctuated Tuesday as a Wall Street rally powered by positive earnings reports offset investor cautiousness before a report on Chinese manufacturing and possible sanctions against Russia over Ukraine.
Shares were mixed in Asia on Wednesday, as weak data from China sapped upward momentum from an overnight rally on a flurry of deals in the pharmaceutical sector.
Wednesday, April 23 2014 12:04 AM EDT2014-04-23 04:04:55 GMT
President Barack Obama's travels through Asia in coming days aim to reassure partners about the renewed U.S. commitment to the region, with an eye both to China's rising assertiveness and the fast-growing...
President Barack Obama's travels through Asia aim to reassure partners about the renewed U.S. commitment to the region, with an eye both to China's rising assertiveness and the fast-growing markets that are the...
Tuesday, April 22 2014 11:34 PM EDT2014-04-23 03:34:10 GMT
An early survey says factory activity in China shrank at a slightly slower rate in April.
Factory activity in China shrank for the fourth straight month in April, though the decline was slightly slower, a survey on Wednesday said, in a possible sign the slowdown in the world's No. 2 economy is stabilizing.
Tuesday, April 22 2014 8:54 PM EDT2014-04-23 00:54:00 GMT
Workers on strike at a Chinese factory owned by the world's largest maker of athletic shoes have rejected management's latest offer.
Workers on strike at a Chinese factory owned by the world's largest maker of athletic shoes have rejected management's latest offer in an ongoing labor dispute that is crimping production for brands such as Nike...
Tuesday, April 22 2014 8:44 PM EDT2014-04-23 00:44:04 GMT
Valeant Pharmaceuticals and activist investor Bill Ackman have unveiled details of their offer to buy Botox maker Allergan, proposing a cash-and-stock deal that could be worth about $45 billion.
Valeant Pharmaceuticals and activist investor Bill Ackman have unveiled details of their offer to buy Botox maker Allergan, proposing a cash-and-stock deal that could be worth about $45.6 billion.
Tuesday, April 22 2014 7:34 PM EDT2014-04-22 23:34:20 GMT
Lawmakers on the country's largest American Indian reservation will consider a bill this week that could resurrect a proposal for a junk food tax.
Facing a high prevalence of diabetes, many American Indian tribes are returning to their roots with community and home gardens, cooking classes that incorporate traditional foods, and running programs to encourage healthy...
Tuesday, April 22 2014 7:14 PM EDT2014-04-22 23:14:00 GMT
By LINDA A. JOHNSON AP Business Writer Drugmakers eager to satisfy shareholders by boosting profits and share prices are wheeling, dealing and in one case even making trades like a pro sports team...
By LINDA A. JOHNSON AP Business Writer Drugmakers eager to satisfy shareholders by boosting profits and share prices are wheeling, dealing and in one case even making trades like a pro sports team looking...
Tuesday, April 22 2014 6:46 PM EDT2014-04-22 22:46:05 GMT
Comcast's first-quarter net income rose by nearly a third as ad revenue surged at broadcast network NBC, helped by the Winter Olympics in Sochi and Jimmy Fallon's elevation as host of "The Tonight Show."
Comcast Corp. said Tuesday that its first-quarter net income rose by 30 percent as ad revenue surged at broadcast network NBC, helped by the Winter Olympics in Sochi and Jimmy Fallon's elevation as host of "The Tonight...
Tuesday, April 22 2014 6:45 PM EDT2014-04-22 22:45:44 GMT
People who have accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's...
People who have accounts on the enrollment website for President Barack Obama's signature health care law are being told to change their passwords following an administration-wide review of the government's...
Tuesday, April 22 2014 6:24 PM EDT2014-04-22 22:24:12 GMT
AT&T says its first quarter earnings were unchanged from the first three months of last year, but revenue grew as the wireless business added more than 1 million subscribers.
AT&T's wireless business had a strong first quarter as the company added more than 1 million subscribers and benefited from an installment plan that permits frequent phone upgrades.
Tuesday, April 22 2014 6:04 PM EDT2014-04-22 22:04:22 GMT
While Target's massive data breach last year caused consumers to panic and drew attention to Internet crime, a new study finds that breaches on retailer payment systems are less common than other kinds of attacks.
While the theft of millions of credit card numbers from Target customers last year drew attention to Internet crime, a new study finds that breaches of retail payment systems are less common than other kinds of attacks.
Tuesday, April 22 2014 5:04 PM EDT2014-04-22 21:04:24 GMT
Scientists say the number of baby lobsters settling off the rocky coast of Maine continues to steadily decline - possibly foreshadowing an end to the recent record catches that have boosted New England's...
The number of baby lobsters settling off the rocky coast of Maine continues to steadily decline - possibly foreshadowing an end to the recent record catches that have boosted New England's lobster fishery, scientists say.
Tuesday, April 22 2014 4:34 PM EDT2014-04-22 20:34:34 GMT
Oklahoma's oil patch is booming, its capital city is thriving and the unemployment rate is falling through the floor, testifying to the state's roaring recovery from the recession.
Oklahoma's oil patch is booming, its capital city is thriving and the unemployment rate is falling through the floor, testifying to the state's roaring recovery from the recession.
Tuesday, April 22 2014 4:34 PM EDT2014-04-22 20:34:24 GMT
Apple is offering free recycling of all its used products and vowing to power all of its stores, offices and data centers with renewable energy to reduce the pollution caused by its devices and online services.
Apple is offering free recycling of all its used products and vowing to power all of its stores, offices and data centers with renewable energy to reduce the pollution caused by its devices and online services.
Tuesday, April 22 2014 3:13 PM EDT2014-04-22 19:13:55 GMT
Harley-Davidson's first-quarter earnings rose 18.7 percent as motorcycle sales grew worldwide and efficiency efforts took hold.
Harley-Davidson reported an 18.7 percent rise in first-quarter earnings, saying motorcycle sales grew 5.8 percent worldwide and efficiency efforts took hold during the quarter.
Tuesday, April 22 2014 2:24 PM EDT2014-04-22 18:24:34 GMT
General Motors Co. has filed suit in a U.S. bankruptcy court asking a judge to protect the company from legal claims for actions that took place before it emerged from bankruptcy in 2009.
General Motors Co. and a battalion of trial lawyers are preparing for an epic court fight over whether GM is liable for the sins of its corporate past.
Tuesday, April 22 2014 1:34 PM EDT2014-04-22 17:34:18 GMT
The job market for new college graduates is brightening but remains weaker than before the Great Recession began.
With college commencement ceremonies nearing, the government is offering a modest dose of good news for graduating seniors: The job market is brightening for new grads - a bit.
Tuesday, April 22 2014 12:14 PM EDT2014-04-22 16:14:09 GMT
Drug maker Novartis says it has signed several multibillion-dollar deals with GlaxoSmithKline and Lilly that will affect some 15,000 of its employees.
Swiss pharmaceutical firm Novartis AG launched a major overhaul of its business Tuesday, unveiling a series of multibillion-dollar deals with Britain's GlaxoSmithKline PLC and the U.S.'s Eli Lilly & Co. that...
Tuesday, April 22 2014 11:23 AM EDT2014-04-22 15:23:55 GMT
Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.
Sales of existing U.S. homes slipped in March to their lowest level since July 2012 as rising prices and a tight supply of available homes discouraged many would-be buyers.
Tuesday, April 22 2014 10:26 AM EDT2014-04-22 14:26:51 GMT
Unilever PLC, the producer of countless disposable containers that clutter the landfills of the world, says it is adopting technology that will cut the amount of plastic it needs to use in each bottle by 15 percent.
Unilever PLC, the producer of countless disposable containers that clutter the landfills of the world, says it is adopting technology that will cut the amount of plastic it needs to use in each bottle by 15 percent.
Tuesday, April 22 2014 10:26 AM EDT2014-04-22 14:26:14 GMT
Royal Philips NV says its first-quarter profits declined as growth slowed in several divisions and consumers spent less on light bulbs.
Shares in Royal Philips, the world's leading light maker, slumped Tuesday after the Dutch company reported a drop in first-quarter profits blamed partly on sluggish sales of its health care products and consumer lights.
Tuesday, April 22 2014 10:04 AM EDT2014-04-22 14:04:00 GMT
Tesla Motors Inc. delivered its first eight electric sedans to customers in China on Tuesday and CEO Elon Musk said the company will build a nationwide network of charging stations and service centers as fast as it...
Tesla Motors Inc. delivered its first eight electric sedans to customers in China on Tuesday and CEO Elon Musk said the company will build a nationwide network of charging stations and service centers as fast as it can.
Tuesday, April 22 2014 7:14 AM EDT2014-04-22 11:14:28 GMT
Japanese and U.S. negotiators are struggling to reach a preliminary agreement on a free trade pact that might have served as a centerpiece for President Barack Obama's visit to Tokyo this week.
Japanese and U.S. negotiators are struggling to reach a preliminary agreement on a free trade pact that might have served as a centerpiece for President Barack Obama's visit to Tokyo this week.
Tuesday, April 22 2014 6:33 AM EDT2014-04-22 10:33:12 GMT
Smokers are increasingly turning to battery-powered electronic cigarettes to get their nicotine fix. They're about to find out what federal regulators have to say about the popular devices.
Smokers are increasingly turning to battery-powered electronic cigarettes to get their nicotine fix. They're about to find out what federal regulators have to say about the popular devices.
Tuesday, April 22 2014 3:43 AM EDT2014-04-22 07:43:44 GMT
U.S. newspaper industry revenue continued to fall last year, as increases in circulation revenue failed to offset shrinking demand for print advertising.
U.S. newspaper industry revenue fell last year, as increases in circulation revenue weren't high enough to make up for shrinking demand for print advertising, an industry trade group said Friday.
Tuesday, April 22 2014 3:24 AM EDT2014-04-22 07:24:02 GMT
Germany's Finance Ministry says the government's tax income rose sharply in March and saw a healthy overall first-quarter rise as Europe's biggest economy picked up momentum.
Germany's Finance Ministry says the government's tax income rose sharply in March and saw a healthy overall first-quarter rise as Europe's biggest economy picked up momentum.
Monday, April 21 2014 11:53 PM EDT2014-04-22 03:53:02 GMT
Global stocks were mixed Monday in light trading after Japan reported a record annual trade deficit and investors looked ahead to economic data this week from China and South Korea.
Asian stocks edged higher on Tuesday following a Wall Street rally powered by positive earnings reports but the mood was still cautious before a report on Chinese manufacturing and possible sanctions against Russia over...
Monday, April 21 2014 8:13 PM EDT2014-04-22 00:13:00 GMT
Pacific Gas & Electric Co. pleaded not guilty Monday to a dozen felony charges stemming from alleged safety violations in a deadly 2010 natural gas pipeline explosion that leveled a suburban neighborhood in the...
Pacific Gas & Electric Co. pleaded not guilty Monday to a dozen felony charges stemming from alleged safety violations in a deadly 2010 natural gas pipeline explosion that leveled a suburban neighborhood in the San...
Monday, April 21 2014 8:03 PM EDT2014-04-22 00:03:01 GMT
The federal health care overhaul is providing coverage for millions of Americans, but it has only chipped away at one of its core goals: to sharply reduce the number of people without insurance.
Swan Lockett had high hopes that President Barack Obama's health overhaul would lead her family to an affordable insurance plan, but that hasn't happened.
Monday, April 21 2014 8:02 PM EDT2014-04-22 00:02:57 GMT
Netflix's first-quarter earnings soared as another season of the popular political drama "House of Cards" helped attract an additional 2.25 million subscribers to the Internet video service.
Netflix is preparing a sequel unlikely to be a hit with its subscribers. The Internet video service is about to raise its prices for the first time in three years to help pay for more Internet video programming such as its...
Monday, April 21 2014 6:13 PM EDT2014-04-21 22:13:28 GMT
Russia has "days, not weeks" to abide by an international accord aimed at stemming the crisis in Ukraine, the top U.S. diplomat in Kiev warned Monday as Vice President Joe Biden launched a high-profile show of...
Russia has "days, not weeks" to abide by an international accord aimed at stemming the crisis in Ukraine, the top U.S. diplomat in Kiev warned Monday as Vice President Joe Biden launched a high-profile show of support for...
Monday, April 21 2014 5:42 PM EDT2014-04-21 21:42:54 GMT
U.S. stock futures are edging higher Monday as more companies report their first quarter earnings. The Standard & Poor's 500 index had its best week since July last week.
The stock market logged its longest winning streak in six months Monday as another big week for company earnings began.
Monday, April 21 2014 5:03 PM EDT2014-04-21 21:03:39 GMT
The United Auto Workers announced Monday it is withdrawing an appeal of the outcome of a union vote at Volkswagen's assembly plant in Tennessee.
The United Auto Workers dropped its appeal of a worker vote against unionizing at a Volkswagen plant in Tennessee, a move that the union said should put pressure on Republican politicians to quickly approve incentives the...
Monday, April 21 2014 5:02 PM EDT2014-04-21 21:02:56 GMT
By The Associated Press Halliburton says it was profitable in the first-quarter after reporting a loss for the period a year ago.
Halliburton made money in the first quarter on rising revenue in the Middle East and Asia, and the CEO said Monday that he sensed an upturn in the North American market.
Monday, April 21 2014 4:43 PM EDT2014-04-21 20:43:00 GMT
President Barack Obama's administration on Monday sided with American steel producers in a politically charged international trade dispute, ruling that imported steel reinforcing bar from Mexico and Turkey...
President Barack Obama's administration on Monday sided with American steel producers in a politically charged international trade dispute, ruling that imported steel reinforcing bar from Mexico and Turkey unfairly...
Monday, April 21 2014 4:13 PM EDT2014-04-21 20:13:00 GMT
Hasbro returned to profitability in its first quarter, driven by sales of girls' toys such as My Little Pony and Nerf Rebelle. The prior-year period was dragged down by restructuring charges.
Hasbro returned to profitability in its first quarter, driven by sales of girls' toys such as My Little Pony and Nerf Rebelle. The prior-year results were dragged down by restructuring charges.
Monday, April 21 2014 2:54 PM EDT2014-04-21 18:54:13 GMT
The Supreme Court seems likely to rule that juice maker Pom Wonderful can bring false advertising claims against the Coca-Cola Co. over a competing juice product.
Count Supreme Court Justice Anthony Kennedy among consumers who feel misled by a beverage called "Pomegranate Blueberry Flavored Blend of 5 Juices."
Monday, April 21 2014 1:35 PM EDT2014-04-21 17:35:48 GMT
The U.S. Supreme Court is hearing arguments Monday in Argentina's decade-long battle with holders of its defaulted bonds.
The U.S. Supreme Court appeared to be searching for a middle ground Monday in the decade-long battle between Argentina and holders of its defaulted bonds.
Monday, April 21 2014 1:34 PM EDT2014-04-21 17:34:38 GMT
The outlook for President Barack Obama's health care law is getting better, with more people enrolled overall and a much-needed surge of interest among young adults.
A surge of eleventh-hour enrollments has improved the outlook for President Barack Obama's health care law, with more people signing up overall and a much-needed spark of interest among young adults.
Monday, April 21 2014 1:14 PM EDT2014-04-21 17:14:55 GMT
The Federal Reserve Bank of New York says a third of small businesses in tri-state Superstorm Sandy disaster areas reported financial losses a year later.
When suburban New York delicatessen owner P.J. Whelan heard the findings of a Federal Reserve Bank of New York poll released Monday on Superstorm Sandy's effect on small businesses, he began nodding in agreement.
Monday, April 21 2014 10:33 AM EDT2014-04-21 14:33:33 GMT
A measure of the U.S. economy's health rose in March for the third consecutive month, a sign of stronger growth after harsh winter weather caused the economy's pace to slow.
A measure of the U.S. economy's health rose in March for the third consecutive month, a sign of stronger growth after harsh winter weather caused the economy's pace to slow.
Monday, April 21 2014 8:34 AM EDT2014-04-21 12:34:01 GMT
Thirty years ago, big media companies failed to convince the Supreme Court of the threat posed by home video recordings.
Thirty years after failing to convince the Supreme Court of the threat posed by home video recordings, big media companies are back and now trying to rein in another technological innovation they say threatens their...
Monday, April 21 2014 3:35 AM EDT2014-04-21 07:35:30 GMT
Rumors of an Amazon smartphone reached a fever pitch this week, with several tech blogs speculating that the device could be due out this year.
A report this week in The Wall Street Journal that Amazon is planning to release a smartphone has prompted industry analysts and technology blogs to muse about what the device might offer.
Monday, April 21 2014 12:13 AM EDT2014-04-21 04:13:02 GMT
Rising costs for materials and labor appear to be pressuring businesses, according to a quarterly survey from the National Association of Business Economics.
Rising costs for materials and labor appear to be pressuring businesses, according to a quarterly survey from the National Association of Business Economics.
Sunday, April 20 2014 11:23 PM EDT2014-04-21 03:23:03 GMT
Asian stocks were mixed Monday in light trading after Japan reported a jump in its trade deficit and investors looked ahead to economic data this week from China and Korea.
Asian stocks were mixed Monday in light trading after Japan reported a jump in its trade deficit and investors looked ahead to economic data this week from China and Korea.
Sunday, April 20 2014 10:13 PM EDT2014-04-21 02:13:01 GMT
Japan's trade deficit surged nearly 70 percent to a record 13.75 trillion yen ($134 billion) in the last fiscal year as exports failed to keep pace with surging costs for imported oil and gas.
Japan's trade deficit surged nearly 70 percent to a record 13.75 trillion yen ($134 billion) in the last fiscal year, the third straight year of deficit, as exports failed to keep pace with surging energy costs.
Sunday, April 20 2014 7:33 PM EDT2014-04-20 23:33:19 GMT
Government documents show that General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands of consumer complaints and warranty repair claims.
General Motors waited years to recall nearly 335,000 Saturn Ions for power steering failures despite getting thousands of consumer complaints and more than 30,000 warranty repair claims, according to government documents...
Sunday, April 20 2014 2:43 PM EDT2014-04-20 18:43:32 GMT
Captain America continues to vanquish box office foes, triumphing in ticket sales for the third consecutive week and beating formidable contender Johnny Depp.
Captain America continues to vanquish box office foes, triumphing in ticket sales for the third consecutive week and dominating over megastar Johnny Depp's new movie.
