Thursday, July 24 2014 7:51 AM EDT2014-07-24 11:51:47 GMT
A closely watched survey suggests economic growth in the 18-country eurozone picked up during July despite ongoing concerns over France, the currency bloc's second-largest economy.
The escalating tensions in Ukraine, which have led to a sharp deterioration in relations between the West and Russia, could weigh on a modestly improving economic recovery in the 18-country eurozone.
Thursday, July 24 2014 7:22 AM EDT2014-07-24 11:22:13 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 7:01 AM EDT2014-07-24 11:01:58 GMT
Six federal judges on two appeals courts have weighed in on a key component of President Barack Obama's health care law. Their votes lined up precisely with the party of the president who appointed them.
In rapid succession, six federal judges on two appeals courts weighed in on a key component of President Barack Obama's health care law. Their votes lined up precisely with the party of the president who appointed them.
Thursday, July 24 2014 6:14 AM EDT2014-07-24 10:14:33 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.
President Barack Obama is tapping into growing misgivings about tax-driven overseas mergers by U.S. corporations, issuing a new call to end the practice quickly and questioning the patriotism and citizenship of those...
Thursday, July 24 2014 6:06 AM EDT2014-07-24 10:06:43 GMT
The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel, which the agency had imposed out of concern for the risk of planes being hit by Hamas rockets.
The Federal Aviation Administration has lifted its ban on U.S. flights in and out of Israel, which the agency had imposed out of concern for the risk of planes being hit by Hamas rockets.
Thursday, July 24 2014 5:54 AM EDT2014-07-24 09:54:19 GMT
The European Central Bank says contact data have been stolen from a database that serves its public website, though it's stressing that no internal systems or market-sensitive data were compromised.
The European Central Bank said Thursday that email addresses and other contact information have been stolen from a database that serves its public website, though it stressed that no internal systems or market-sensitive...
Thursday, July 24 2014 5:37 AM EDT2014-07-24 09:37:18 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.
Telecommunications and wireless equipment maker Nokia Corp. saw its shares surge on Thursday after it reported higher profits and an improved earnings outlook in the wake of its sale to Microsoft of its troubled handset...
Thursday, July 24 2014 5:32 AM EDT2014-07-24 09:32:52 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.
Thursday, July 24 2014 5:32 AM EDT2014-07-24 09:32:30 GMT
Improvements in life spans, education and incomes are slowing due to natural disasters, misguided government policies and worsening inequality in a world where the 85 richest people have as much wealth as the 3.5...
Improvements in life spans, education and incomes are slowing due to natural disasters, misguided government policies and worsening inequality in a world where the 85 richest people have as much wealth as the 3.5 billion...
Thursday, July 24 2014 5:31 AM EDT2014-07-24 09:31:56 GMT
Spanish energy company Repsol says its second quarter net profit nearly doubled following capital gains it made from extricating itself from Argentina's YPF, which was nationalized in 2012.
Spanish energy company Repsol says its second quarter net profit nearly doubled following capital gains it made from extricating itself from Argentina's YPF, which was nationalized in 2012.
Thursday, July 24 2014 4:24 AM EDT2014-07-24 08:24:30 GMT
South Korea's economic growth has hit its lowest level in three quarters.
South Korea's government announced a $40 billion stimulus plan Thursday after the shock of a deadly ferry sinking slowed economic growth to the lowest level in three quarters.
Thursday, July 24 2014 4:01 AM EDT2014-07-24 08:01:32 GMT
Official figures show that Spain's unemployment rate edged down to 24.5 percent in the second quarter from 25.9 percent in the previous three-month period, a further sign that the economy's recovery is...
Official figures show that Spain's unemployment rate edged down to 24.5 percent in the second quarter from 25.9 percent in the previous three-month period, a further sign that the economy's recovery is gaining...
Thursday, July 24 2014 3:22 AM EDT2014-07-24 07:22:32 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 The Associated Press The price of oil fell Thursday, giving back part of its sizeable jump the day before, despite improvement in Chinese manufacturing.
Thursday, July 24 2014 3:17 AM EDT2014-07-24 07:17:57 GMT
As activists vow to shut down Hong Kong's financial district in protest at China's attempt to hobble democratic elections in the city, businessman Bernard Chan is preparing for the worst.
As activists vow to shut down Hong Kong's financial district in protest at China's attempt to hobble democratic elections in the city, businessman Bernard Chan is preparing for the worst.
Thursday, July 24 2014 3:00 AM EDT2014-07-24 07:00:16 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 2:32 AM EDT2014-07-24 06:32:52 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 2:02 AM EDT2014-07-24 06:02:08 GMT
The chairman of an American meat supplier apologized Thursday for a Chinese subsidiary that is accused of selling expired beef and chicken to restaurants including McDonald's and KFC.
The chairman of an American meat supplier apologized Thursday for a Chinese subsidiary that is accused of selling expired beef and chicken to restaurants including McDonald's and KFC.
Thursday, July 24 2014 12:53 AM EDT2014-07-24 04:53:28 GMT
Germany's largest airline, Lufthansa, says it is cancelling all flights to Tel Aviv for at least another 24 hours because of ongoing safety concerns.
Air France and Germany's two largest airlines on Wednesday canceled more flights to Tel Aviv because of safety concerns amid the fighting between Israel and Hamas.
Thursday, July 24 2014 12:44 AM EDT2014-07-24 04:44:25 GMT
Republican Sen. Ted Cruz is questioning whether President Barack Obama used a federal agency to impose an economic boycott on Israel after the Federal Aviation Administration banned U.S. airline flights to Tel Aviv...
Republican Sen. Ted Cruz on Wednesday questioned whether President Barack Obama used a federal agency to impose an economic boycott on Israel after the Federal Aviation Administration banned U.S. airline flights to Tel...
Wednesday, July 23 2014 10:41 PM EDT2014-07-24 02:41:17 GMT
Japan's trade deficit more than tripled from the year before in June to a higher-than-expected 822.2 billion yen ($8.1 billion), as imports surged and exports edged lower.
Japan's trade deficit surged to a record 7.6 trillion yen ($74.9 billion) in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday.
Wednesday, July 23 2014 9:05 PM EDT2014-07-24 01:05:13 GMT
Microsoft is reporting fourth-quarter earnings that came in below analyst expectations, as it took a hit from the Nokia devices business that it bought in April.
Microsoft Corp. CEO Satya Nadella painted an upbeat vision of the future Tuesday, saying that the next version of Windows will be unified across screens of all sizes and that two money-losing units - Nokia phones and Bing...
Wednesday, July 23 2014 7:41 PM EDT2014-07-23 23:41:43 GMT
It isn't a household name, but the company that's at the center of a food scandal in China helps make some of the world's most popular foods, including the Big Macs and Quarter Pounders served at...
It isn't a household name, but the company at the center of a food scandal in China helps make some of the world's most popular foods, including the Big Macs and Quarter Pounders served at McDonald's locations.
Wednesday, July 23 2014 7:32 PM EDT2014-07-23 23:32:37 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...
Wednesday, July 23 2014 7:29 PM EDT2014-07-23 23:29:29 GMT
The Senate Veterans Affairs Committee has endorsed former Procter & Gamble CEO Robert McDonald to be the new secretary of the Department of Veterans Affairs.
The chairman of the Senate Veterans' Affairs Committee said Wednesday there is still time for Congress to approve a landmark bill to improve health care services for veterans, despite deep disagreement over how much...
Wednesday, July 23 2014 6:44 PM EDT2014-07-23 22:44:39 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.
Wednesday, July 23 2014 6:44 PM EDT2014-07-23 22:44:32 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.
Wednesday, July 23 2014 6:26 PM EDT2014-07-23 22:26:25 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.
Wednesday, July 23 2014 6:24 PM EDT2014-07-23 22:24:06 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.
Wednesday, July 23 2014 6:11 PM EDT2014-07-23 22:11:12 GMT
The White House says the downing of two fighter jets in Ukraine is part of a pattern of Russian-backed separatists using Russian weapons to pose risks to aircraft.
The White House cast the downing of two fighter jets in Ukraine on Wednesday as part of a pattern of Russian-backed separatists using Russian weapons to pose risks to aircrafts and further destabilize the conflict in the...
Wednesday, July 23 2014 5:42 PM EDT2014-07-23 21:42:36 GMT
U.S. stock futures are edging up ahead of the opening bell as investors size up earnings reports from Apple, Boeing and other big companies.
The stock market eked out a record high Wednesday, as investors weighed positive earnings from the technology industry against disappointing news from Boeing and other companies.
Wednesday, July 23 2014 4:45 PM EDT2014-07-23 20:45:25 GMT
It's an almost weekly occurrence: On Tuesday, Goodwill said its computer systems may have been hacked, leading to the possible theft of customers' credit and debit card information. The nonprofit agency,...
It's an almost weekly occurrence: On Tuesday, Goodwill said its computer systems may have been hacked, leading to the possible theft of customers' credit and debit card information. The nonprofit agency, which...
Wednesday, July 23 2014 4:45 PM EDT2014-07-23 20:45:19 GMT
Target is introducing an app that lets users purchase items after scanning magazine ads with their smartphones. It's the latest offering from retailers looking to boost sales with the use of improving...
Target is introducing an app that lets users purchase items after scanning magazine ads with their smartphones. It's the latest offering from retailers looking to boost sales with the use of improving image-recognition...
Wednesday, July 23 2014 4:24 PM EDT2014-07-23 20:24:39 GMT
Federal regulators are proposing to phase out thousands of older rail tank cars that carry crude oil. It's the government's response to a series of fiery train crashes over the past year, including a...
Responding to a series of fiery train crashes, the government proposed rules Wednesday that would phase out tens of thousands of older tank cars that carry increasing quantities of crude oil and other highly flammable...
Wednesday, July 23 2014 4:21 PM EDT2014-07-23 20:21:44 GMT
A federal judge sentenced a former Wall Street trader to two years in prison on Wednesday for securities fraud, saying he took advantage of a government bailout program.
A federal judge sentenced a former Wall Street trader to two years in prison on Wednesday for securities fraud, saying he took advantage of a government bailout program.
Wednesday, July 23 2014 4:02 PM EDT2014-07-23 20:02:55 GMT
The International Monetary Fund has shaved its forecast for U.S. economic growth this year, mostly because of a sharp contraction in the first quarter.
U.S. economic growth this year will likely be at the weakest pace since the Great Recession ended, the International Monetary Fund said, mostly because of a sharp, weather-related contraction in the first quarter.
Wednesday, July 23 2014 3:43 PM EDT2014-07-23 19:43:09 GMT
Regulators are expected to vote Wednesday to end a longtime staple of the investment industry - the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors.
Regulators have voted by a narrow margin to end a longtime staple of the investment industry - the fixed $1 share price for money-market mutual funds - at least for some money funds used by big investors.
Wednesday, July 23 2014 2:55 PM EDT2014-07-23 18:55:29 GMT
Comcast Corp.'s second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace than a year ago and video subscriber losses moderated.
Comcast's second-quarter net income rose 15 percent to nearly $2 billion as it added high-speed Internet customers at a faster pace and video subscriber losses moderated.
Wednesday, July 23 2014 2:47 PM EDT2014-07-23 18:47:00 GMT
The Senate is moving toward passage of an $11 billion measure to temporarily fix a multibillion-dollar shortfall in federal highway and transit programs.
The Senate agreed Wednesday on an $11 billion measure to temporarily fix a multibillion-dollar shortfall in federal highway and transit programs, setting up a vote next week on several alternatives.
Wednesday, July 23 2014 2:33 PM EDT2014-07-23 18:33:36 GMT
Donald Trump says his new hotel in the Old Post Office building in downtown Washington "will be one of the fine ... and maybe the finest" hotels in the world.
Donald Trump has big plans for the Old Post Office building, a historic structure in downtown Washington that he's pledging to transform into the city's most luxurious hotel. As for the White House, four blocks...
Wednesday, July 23 2014 1:32 PM EDT2014-07-23 17:32:52 GMT
Delta Air Lines Inc. (DAL) on Wednesday reported earnings that climbed by 17 percent in its second quarter, and topped analysts' expectations.
Delta Air Lines Inc. said Wednesday that second-quarter earnings rose 17 percent, topping analysts' expectations, as passengers flew more miles at higher average fares and fuel spending declined.
Wednesday, July 23 2014 1:22 PM EDT2014-07-23 17:22:17 GMT
Former Sen. Bob Dole and proponents of a treaty promoting equal rights for the disabled around the world stepped up pressure for full Senate ratification.
Wednesday, July 23 2014 1:12 PM EDT2014-07-23 17:12:53 GMT
The Senate has advanced an election-year bill limiting tax breaks for U.S. companies that move operations overseas. But big hurdles remain.
The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. But big hurdles remain.
Wednesday, July 23 2014 12:11 PM EDT2014-07-23 16:11:25 GMT
McDonald's and KFC in China faced a new food safety scare Monday after a Shanghai television station reported a supplier sold them expired beef and chicken.
Five employees of a company accused of selling expired beef and chicken to McDonald's, KFC and other restaurants in China were detained by police Wednesday after an official said illegal activity was an organized...
Wednesday, July 23 2014 12:08 PM EDT2014-07-23 16:08:51 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.
Wednesday, July 23 2014 11:53 AM EDT2014-07-23 15:53:41 GMT
Asian stock markets were mostly higher Monday as anxiety over the downing of a Malaysian jetliner over Ukraine eased and investors shifted their focus to U.S. corporate earnings.
Markets were steady Wednesday as the focus turned toward U.S. corporate earnings and as tensions between Russia and the West over the downing of a Malaysian jetliner in Ukraine eased.
Wednesday, July 23 2014 11:33 AM EDT2014-07-23 15:33:44 GMT
PepsiCo Inc. (PEP) on Wednesday reported earnings that decreased by 2 percent in its second quarter, but beat analysts' expectations.
PepsiCo raised its forecast for the year on Wednesday and said its new Lay's potato chips - including a cappuccino variety - should help boost its profit in the months ahead.
Wednesday, July 23 2014 10:41 AM EDT2014-07-23 14:41:57 GMT
British lawmakers say the country is still exporting arms and military equipment to Russia, despite the government's call for tough sanctions over Moscow's arming of separatist rebels in Ukraine.
Britain is still authorizing the export of arms and military equipment to Russia despite the government's call for tough sanctions over Moscow's arming of separatist rebels in Ukraine, a group of lawmakers said in...
Wednesday, July 23 2014 9:51 AM EDT2014-07-23 13:51:35 GMT
By The Associated Press Boeing Co. (BA) on Wednesday reported profit that increased by 52 percent in its second quarter, and topped analysts' expectations.
By The Associated Press Increased production of passenger jets helped push up Boeing's profit by 52 percent in the second quarter, topping Wall Street's expectations.
Wednesday, July 23 2014 9:41 AM EDT2014-07-23 13:41:04 GMT
The government of Puerto Rico is now facing a second lawsuit in response to a new law that would allow certain public corporations in the U.S. territory to restructure their debt if needed.
The government of Puerto Rico is now facing a second lawsuit in response to a new law that would allow certain public corporations in the U.S. territory to restructure their debt if needed.
Wednesday, July 23 2014 9:34 AM EDT2014-07-23 13:34:23 GMT
The European Union's executive is proposing legislation to curb the energy use of households and firms by almost one third by 2030 to reduce greenhouse gas emissions and lower its dependence on gas imports,...
The European Union's executive is proposing legislation to curb the energy use of households and firms by almost one third by 2030 to reduce greenhouse gas emissions and lower its dependence on gas imports,...
Wednesday, July 23 2014 9:34 AM EDT2014-07-23 13:34:17 GMT
Drug maker GlaxoSmithKline has cut its full-year earnings expectations as it says its second-quarter profits were hit by currency moves and a fall in sales of its respiratory drugs.
Drug maker GlaxoSmithKline has cut its full-year earnings expectations as it says its second-quarter profits were hit by currency moves and a fall in sales of its respiratory drugs.
Wednesday, July 23 2014 7:52 AM EDT2014-07-23 11:52:21 GMT
By The Associated Press The price of oil retreated to near $102 per barrel on Wednesday amid a new push for a cease-fire between Israel and Palestine and after Europe imposed additional sanctions...
By PABLO GORONDI Associated Press The price of oil inched further above $102 a barrel Wednesday amid a new push for a cease-fire between Israel and Palestine and after Europe imposed additional sanctions...
Wednesday, July 23 2014 7:31 AM EDT2014-07-23 11:31:41 GMT
Women who own small business are still far behind their male counterparts when it comes to getting loans and government contracts, a congressional report said Wednesday.
Women who own small business are still far behind their male counterparts when it comes to getting loans and government contracts, a congressional report said Wednesday.
Wednesday, July 23 2014 7:21 AM EDT2014-07-23 11:21:15 GMT
Bank of England policymakers are signaling that interest rates are likely to go up only gradually - though debate on the matter seems to be getting hotter.
Bank of England policymakers are signaling that interest rates are likely to go up only gradually - though debate on the matter seems to be getting hotter.
Wednesday, July 23 2014 5:21 AM EDT2014-07-23 09:21:11 GMT
By The Associated Press Delta Air Lines is canceling all flights to Israel until further notice, citing reports that a rocket landed near Tel Aviv's Ben Gurion Airport.
By The Associated Press When U.S. and European airlines quickly canceled flights to Israel on Tuesday, they showed both a skittishness and a new sense of urgency in dealing with global trouble spots...
Wednesday, July 23 2014 5:11 AM EDT2014-07-23 09:11:05 GMT
The Bank of Spain says the country's economy continues to show signs of recovery, growing by 0.5 percent in the second quarter compared with the previous three months.
The Bank of Spain says the country's economy continues to show signs of recovery, growing by 0.5 percent in the second quarter compared with the previous three months.
Wednesday, July 23 2014 4:42 AM EDT2014-07-23 08:42:27 GMT
In Libya, militias armed with shoulder-launched missiles are battling for control of the country's main airport. In Africa, the entire Sahel region is awash with weapons that include portable air defense...
In Libya, militias armed with shoulder-launched missiles are battling for control of the country's main airport. In Africa, the entire Sahel region is awash with weapons that include portable air defense systems...
Wednesday, July 23 2014 3:05 AM EDT2014-07-23 07:05:07 GMT
Automaker Daimler AG is reporting a 6 percent increase in second-quarter revenue and confirming its full-year targets, though net profit declined sharply after being boosted last year by the sale of a stake in...
Automaker Daimler AG reported a 6 percent increase in second-quarter revenue and confirmed its full-year targets on Wednesday as new models and cost-cutting efforts helped its performance, though net profit declined...
Wednesday, July 23 2014 12:03 AM EDT2014-07-23 04:03:50 GMT
Richard Parsons, the interim CEO of the Los Angeles Clippers, is due to step into the battle of billionaires going on in probate court over the proposed sale of the Los Angeles Clippers.
The interim CEO of the Los Angeles Clippers testified Tuesday that coach Doc Rivers told him he will quit if Donald Sterling remains the owner of the team.
Tuesday, July 22 2014 11:24 PM EDT2014-07-23 03:24:04 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.
Cyber thieves got into more than 1,000 StubHub customers' accounts and fraudulently bought tickets for events through the online ticket reseller, a law enforcement official and the company said Tuesday.
Tuesday, July 22 2014 9:51 PM EDT2014-07-23 01:51:32 GMT
Senate Democrats prepared Tuesday to whack $1 billion from President Barack Obama's emergency spending request for the border, while leaving out policy changes Republicans have demanded as their price for...
Senate Democrats prepared Tuesday to whack $1 billion from President Barack Obama's emergency spending request for the border, while leaving out policy changes Republicans have demanded as their price for agreeing to...
Tuesday, July 22 2014 8:33 PM EDT2014-07-23 00:33:27 GMT
A federal appeals court has delivered a serious setback to President Barack Obama's health care law, potentially derailing subsidies for many low- and middle-income people who have bought policies.
President Barack Obama's health care law is snarled in another big legal battle, with two federal appeals courts issuing contradictory rulings on a key financing issue within hours of each other Tuesday.
Tuesday, July 22 2014 7:51 PM EDT2014-07-22 23:51:12 GMT
Netflix's second-quarter earnings more than doubled as new episodes from one of its hit series helped the Internet video service surpass 50 million worldwide subscribers for the first time.
Netflix's second-quarter earnings more than doubled as new episodes from a hit series helped the Internet video service surpass 50 million worldwide subscribers for the first time.
Tuesday, July 22 2014 7:42 PM EDT2014-07-22 23:42:54 GMT
Israel bombed five mosques, a sports stadium and the home of the late Hamas military chief across the Gaza Strip early Tuesday, a Gaza police official said, as the U.N. chief and the U.S. secretary of state...
A Hamas rocket exploded Tuesday near Israel's main airport, prompting a ban on flights from the U.S. and many from Europe and Canada as aviation authorities responded to the shock of seeing a civilian jetliner shot...
Tuesday, July 22 2014 7:04 PM EDT2014-07-22 23:04:49 GMT
Activist investor Bill Ackman fired his latest salvo at the weight loss and nutritional supplements company Herbalife on Tuesday, alleging that one of the business models used by its distributors is evidence that...
Activist investor Bill Ackman once again denounced weight loss and nutritional supplements company Herbalife as a pyramid scheme, but Wall Street shrugged off his criticism and sent the company's stock soaring 25...
Tuesday, July 22 2014 7:02 PM EDT2014-07-22 23:02:10 GMT
The August retrial of a former BP engineer accused of obstructing justice in an investigation of the 2010 Gulf of Mexico oil spill has been postponed while an appeals court decides whether a judge was right to...
The August retrial of a former BP engineer accused of obstructing justice in an investigation of the 2010 Gulf of Mexico oil spill has been postponed while an appeals court decides whether a judge was right to throw out...
Tuesday, July 22 2014 6:51 PM EDT2014-07-22 22:51:43 GMT
Congressional investigators using fake identities were able to obtain taxpayer-subsidized health insurance under President Barack Obama's law, according to testimony to be delivered Wednesday.
Congressional investigators using fake identities were able to obtain taxpayer-subsidized health insurance under President Barack Obama's law, according to testimony to be delivered Wednesday.
Tuesday, July 22 2014 6:06 PM EDT2014-07-22 22:06:18 GMT
A train bearing the bodies of the people who died in the Malaysia Airlines crash arrived in the eastern Ukrainian city of Kharkiv on Wednesday on their way to the Netherlands.
A train bearing the dead from the downed Malaysian airliner finally reached Ukrainian government-held territory Tuesday, but the pro-Russian separatists in control of the crash site showed little willingness to allow the...
Tuesday, July 22 2014 5:06 PM EDT2014-07-22 21:06:16 GMT
A gridlocked Congress failed to do the big things: overhauling the nation's immigration system, reforming the loophole-cluttered tax code and stiffening background checks on gun buyers. Now it's time to see...
Pressure is on Congress to act in the next two weeks on several problems, from keeping highway projects on track and easing wait time for veterans seeking health care to the humanitarian crisis at the U.S.-Mexico border.
Tuesday, July 22 2014 4:52 PM EDT2014-07-22 20:52:42 GMT
A federal judge in New York has ordered around-the-clock negotiations aimed at averting a second debt default by Argentina in 13 years.
A federal judge Tuesday ordered around-the-clock negotiations aimed at averting a second debt default by Argentina in 13 years, saying a default would hurt "real people."
Tuesday, July 22 2014 4:30 PM EDT2014-07-22 20:30:21 GMT
U.S. stock futures pointed higher early Tuesday as more corporate earnings rolled in. Shares in the restaurant chain Chipotle and the cable company Comcast surged after they reported results that were better than...
Solid earnings for a range of big companies helped nudge the stock market higher on Tuesday.
Tuesday, July 22 2014 4:12 PM EDT2014-07-22 20:12:30 GMT
A year after filing for bankruptcy, Detroit is building momentum to get out, especially after workers and retirees voted in favor of major pension changes just a few weeks before a judge holds a crucial trial that...
Companies that insure Detroit bonds and stand to lose millions repeated a pledge Tuesday to aggressively challenge the city's bankruptcy plan, a day after retirees endorsed pension cuts and qualified for a bailout led...
Tuesday, July 22 2014 4:05 PM EDT2014-07-22 20:05:28 GMT
French President Francois Hollande is defending plans to deliver a warship to Russia, despite calls for a European arms embargo against Moscow over the fighting in Ukraine.
France says it will go ahead with the sale of a warship to Russia despite calls for an arms embargo against the country, highlighting how Europe's strong business ties are hindering its ability to punish Moscow over...
Tuesday, July 22 2014 3:55 PM EDT2014-07-22 19:55:51 GMT
Ibrahim Zain was driven from his home by Israeli tank fire this week, but says he'd rather endure more Israel-Hamas fighting than accept an unconditional cease-fire he fears will leave in place the blockade of...
Ibrahim Zain was driven from his home by Israeli tank fire this week, but says he'd rather endure more Israel-Hamas fighting than accept an unconditional cease-fire he fears will leave in place the blockade of the Gaza...
Tuesday, July 22 2014 3:20 PM EDT2014-07-22 19:20:46 GMT
Germany and France's largest airlines Lufthansa and Air France say they're suspending all flights to Tel Aviv over safety concerns amid the increasing violence.
The European Aviation Safety Agency says it "strongly recommends" that airlines refrain from operating flights to and from Tel Aviv.
Tuesday, July 22 2014 2:40 PM EDT2014-07-22 18:40:36 GMT
A six-month review of federal job-training programs concludes that the government needs to better engage U.S. employers, improve the use of data, and boost apprenticeship programs so workers can earn while they train.
As the U.S. economy adds new jobs, Americans must have the skills to fill those jobs, President Barack Obama said Tuesday.
Tuesday, July 22 2014 1:20 PM EDT2014-07-22 17:20:13 GMT
Saudi Arabia's Cabinet has approved opening the country's stock market to foreign investors next year.
The Saudi government has approved a measure that will open the region's largest stock market to direct foreign investment next year, news that sent the exchange surging Tuesday to its highest level in nearly seven years.
Tuesday, July 22 2014 1:14 PM EDT2014-07-22 17:14:36 GMT
A federal appeals court in Virginia has upheld tax subsidies for low- and middle-income people who buy insurance under the Obama administration's health care reform law.
A federal appeals court in Virginia has upheld tax subsidies for low- and middle-income people who buy insurance under the Obama administration's health care reform law.
Tuesday, July 22 2014 12:20 PM EDT2014-07-22 16:20:52 GMT
Verizon Wireless is launching a nationwide loyalty program this week for its 100-million-plus subscribers. There's a twist, though: To earn points for every dollar spent, subscribers must consent to have their...
Verizon Wireless is launching a nationwide loyalty program this week for its 100-million-plus subscribers. There's a twist, though: To earn points for every dollar spent, subscribers must consent to have their...
Tuesday, July 22 2014 12:11 PM EDT2014-07-22 16:11:25 GMT
Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum.
Sales of previously owned homes rose for a third straight month in June, pushing activity to the highest level in eight months and providing evidence that housing is regaining lost momentum.
Tuesday, July 22 2014 12:11 PM EDT2014-07-22 16:11:16 GMT
Credit Suisse AG has posted a second-quarter net loss of 700 million Swiss francs ($779 million) after paying the largest penalty ever imposed in a U.S. criminal tax case.
Credit Suisse, Switzerland's second-biggest bank, posted a second-quarter net loss of 700 million Swiss francs ($779 million) Tuesday after paying the largest penalty ever imposed in a U.S. criminal tax case.
Tuesday, July 22 2014 12:05 PM EDT2014-07-22 16:05:08 GMT
The euro has fallen to its lowest level against the dollar this year amid heightened tensions surrounding developments in Ukraine following the downing of Malaysia Airlines Flight 17.
The euro fell Tuesday to its lowest level against the dollar this year amid concerns that the downing of Malaysia Airlines Flight 17 will prompt a bigger freeze in relations between the European Union and Russia.
Tuesday, July 22 2014 11:04 AM EDT2014-07-22 15:04:47 GMT
U.S. consumer prices rose in June at a slightly slower pace than in May with two-thirds of the June advance driven by the largest jump in gasoline prices in a year.
U.S. consumer prices rose in June at a slightly slower pace than in May with two-thirds of the June advance driven by the largest jump in gasoline prices in a year.
Tuesday, July 22 2014 9:03 AM EDT2014-07-22 13:03:15 GMT
By The Associated Press The price of oil rose above $103 a barrel Tuesday on persisting jitters over the situation in Gaza and the standoff over the shooting down of a Malaysian airliner in Ukraine.
By PABLO GORONDI Associated Press The price of oil rose above $103 a barrel Tuesday on persisting jitters over the situation in Gaza, the standoff over the shooting down of a Malaysian airliner in Ukraine...
Tuesday, July 22 2014 7:21 AM EDT2014-07-22 11:21:54 GMT
Verizon is boosting the upload speeds of nearly all its FiOS connections to match the download speeds, vastly shortening the time it takes for subscribers to send videos and back up their files online.
Verizon is boosting the upload speeds of nearly all its FiOS connections to match the download speeds, vastly shortening the time it takes for subscribers to send videos and back up their files online.
Tuesday, July 22 2014 7:21 AM EDT2014-07-22 11:21:51 GMT
Amazon is rolling out a new subscription service for Kindle devices that will allow users unlimited access to thousands of books and audiobooks for $9.99 a month.
Amazon is rolling out a new subscription service that will allow unlimited access to thousands of electronic books and audiobooks for $9.99 a month in the online giant's latest effort to attract more users.
Tuesday, July 22 2014 2:21 AM EDT2014-07-22 06:21:39 GMT
Workers and retirees approved pension cuts in Detroit's bankruptcy by a landslide, the city reported Monday, a crucial step to emerging from the largest municipal insolvency in U.S. history.
Workers and retirees approved pension cuts in Detroit's bankruptcy by a landslide, the city reported Monday, a crucial step to emerging from the largest municipal insolvency in U.S. history.
Monday, July 21 2014 10:41 PM EDT2014-07-22 02:41:18 GMT
Pro-Moscow rebels piled nearly 200 bodies from the downed Malaysian jetliner into four refrigerated boxcars Sunday in eastern Ukraine, and cranes at the crash scene moved big chunks of the Boeing 777, drawing...
Bowing to international pressure, pro-Moscow separatists released a train packed with bodies and handed over the black boxes from the downed Malaysia Airlines plane, four days after it plunged into rebel-held eastern Ukraine.
Monday, July 21 2014 9:12 PM EDT2014-07-22 01:12:32 GMT
A federal judge on Monday dismissed a U.S. senator's lawsuit challenging a requirement that congressional members and their staffs to obtain government-subsidized health insurance through small business...
A federal judge on Monday dismissed a U.S. senator's lawsuit challenging a requirement that congressional members and their staffs to obtain government-subsidized health insurance through small business exchanges,...
Monday, July 21 2014 8:42 PM EDT2014-07-22 00:42:05 GMT
A JetBlue pilot from Florida is among six people arrested by Boston police over the weekend in an investigation of drug dealing incidents near the Boston Common.
A JetBlue pilot from Florida is among six people arrested by Boston police over the weekend in an investigation of drug dealing incidents near the Boston Common.
Monday, July 21 2014 5:13 PM EDT2014-07-21 21:13:38 GMT
US stock futures are drifting lower ahead of the opening bell as more companies line up to post quarterly results. Halliburton edged up after reporting higher earnings and sales in the second quarter.
The stock market started the week with a slight loss on Monday as investors weighed a mixed batch of corporate earnings against mounting political turmoil.
Monday, July 21 2014 4:20 PM EDT2014-07-21 20:20:58 GMT
Stocks are closing lower as U.S. companies turn in mixed quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine.
Stocks are closing lower as U.S. companies turn in mixed quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine.
Monday, July 21 2014 3:21 PM EDT2014-07-21 19:21:33 GMT
Hot Wheels and the dark side of The Force are carpooling to Comic-Con this week.
When it comes to designing coveted collectible toys for sale at Comic-Con, the annual celebration of pop culture lifting off Thursday in San Diego, the sky's the limit for the designers at Mattel. Fittingly, the...
Monday, July 21 2014 2:02 PM EDT2014-07-21 18:02:23 GMT
Karl Albrecht, co-founder of the Aldi grocery store empire and one of the world's richest people, has died in the western German city of Essen. He was 94.
Karl Albrecht, co-founder of the Aldi grocery store empire and one of the world's richest people, has died in the western German city of Essen. He was 94.
Monday, July 21 2014 1:51 PM EDT2014-07-21 17:51:52 GMT
Botox-maker Allergan says it is cutting about 13 percent of its workforce, or roughly 1,500 employees, as part of a push to become more efficient and productive.
By TOM MURPHY AP Business Writer Botox maker Allergan will cut about 13 percent of its workforce as part of a push to become more efficient while it fights a hostile takeover bid from Valeant...
Monday, July 21 2014 12:03 PM EDT2014-07-21 16:03:14 GMT
Stocks are moving lower as U.S. companies turn in mixed quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine.
Stocks are moving lower as U.S. companies turn in mixed quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine.
Monday, July 21 2014 10:20 AM EDT2014-07-21 14:20:33 GMT
By The Associated Press The price of oil continued to climb on Friday, reaching nearly $104 a barrel on concerns that the tensions over Ukraine and new sanctions against Russia could disrupt...
By PABLO GORONDI Associated Press Oil prices rebounded slightly on Monday as traders gauged the possibility of more sanctions against Russia and more violence in Libya.
Monday, July 21 2014 10:10 AM EDT2014-07-21 14:10:25 GMT
Stocks are opening lower as more U.S. companies turn in their quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine.
Stocks are opening lower as more U.S. companies turn in their quarterly results and as investors worry about tensions with Russia over the downed airliner in Ukraine.
Monday, July 21 2014 7:19 AM EDT2014-07-21 11:19:52 GMT
Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for...
Rising sales helped boost hiring and wages at U.S. businesses in the second quarter, and companies are optimistic that the trends will continue this fall, according to a new survey by the National Association for Business...
Monday, July 21 2014 5:20 AM EDT2014-07-21 09:20:04 GMT
Tesco says Chief Executive Officer Philip Clarke will be stepping down after the latest earnings figures showed Britain's largest retailer by revenue struggled at home.
Tesco says Chief Executive Officer Philip Clarke will be stepping down after the latest earnings figures showed Britain's largest retailer by revenue struggled at home.
Monday, July 21 2014 4:00 AM EDT2014-07-21 08:00:57 GMT
A Florida jury has slammed a tobacco company with $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer in 1996.
The nation's No. 2 cigarette maker is vowing to fight a jury verdict of $23.6 billion in punitive damages in a lawsuit filed by the widow of a longtime smoker who died of lung cancer.
Monday, July 21 2014 1:52 AM EDT2014-07-21 05:52:39 GMT
Vic Atiyeh, Oregon's last Republican governor who shepherded the state through a deep recession during two terms in the 1980s, died Sunday night, a family spokesman said.
Vic Atiyeh, Oregon's last Republican governor who shepherded the state through a deep recession during two terms in the 1980s, died Sunday night, a family spokesman said.
Monday, July 21 2014 1:39 AM EDT2014-07-21 05:39:50 GMT
Rocket science long dismissed as too impractical and expensive for everyday cars is getting a push into the mainstream by Toyota, the world's top-selling automaker.
Rocket science long dismissed as too impractical and expensive for everyday cars is getting a push into the mainstream by Toyota, the world's top-selling automaker.
Monday, July 21 2014 1:20 AM EDT2014-07-21 05:20:56 GMT
Google's second-quarter earnings rose 6 percent as World Cup fever drove more traffic to the Internet company's search engine and YouTube video site while Android devices spurred more sales of movies,...
Google's earnings rose modestly in the second quarter as the Internet company's expensive ambitions devoured most of a surprisingly strong gain in revenue.
Monday, July 21 2014 1:20 AM EDT2014-07-21 05:20:35 GMT
Microsoft says it will eliminate up to 18,000 jobs over the next year as it works on integrating the Nokia devices business it bought in April.
Microsoft announced the biggest layoffs in its 39-year history Thursday, outlining plans to cut 18,000 jobs in a move that marked the CEO's sharpest pivot yet away from his predecessor's drive for the company to...
Sunday, July 20 2014 11:50 PM EDT2014-07-21 03:50:21 GMT
By The Associated Press Malaysia Airlines is in uncharted territory after the disappearance of Flight 370 in March with 239 people aboard was followed this week by the downing of another of its...
By The Associated Press Malaysia Airlines is in uncharted territory after the disappearance of Flight 370 in March with 239 people aboard was followed this week by the downing of another of its jets,...
Sunday, July 20 2014 11:49 PM EDT2014-07-21 03:49:42 GMT
The jetliner is much more than a machine used to get from one spot to another. It often carries deep symbolism, especially when flying for a national airline.
The jetliner is much more than a machine used to get from one spot to another. It often carries deep symbolism, especially when flying for a national airline.
Sunday, July 20 2014 7:50 PM EDT2014-07-20 23:50:11 GMT
A top Ukrainian official says the government and the pro-Russia separatists it is fighting have reached a preliminary agreement to remove the bodies from the site of the Malaysian plane crash.
Pro-Moscow rebels piled nearly 200 bodies from the downed Malaysian jetliner into four refrigerated boxcars Sunday in eastern Ukraine, and cranes at the crash scene moved big chunks of the Boeing 777, drawing condemnation...
Sunday, July 20 2014 7:10 PM EDT2014-07-20 23:10:14 GMT
By DAVID KOENIG and SCOTT MAYEROWITZ AP Airlines Writers The possibility that the civilian jetliner downed over war-torn eastern Ukraine with nearly 300 people onboard was hit by a missile could...
By DAVID KOENIG and SCOTT MAYEROWITZ AP Airlines Writers The shooting down of a Malaysian Airlines plane with nearly 300 people on board over war-torn eastern Ukraine is likely to have profound...
Sunday, July 20 2014 4:39 PM EDT2014-07-20 20:39:34 GMT
Worshippers at church services across the Netherlands are praying for the victims of the Ukraine air disaster and their next of kin, as anger builds over the separatist rebels' hindering of the investigation...
A distraught, grieving mother summed up a swelling mood of despair and anguish in the Netherlands on Sunday at faltering efforts to repatriate the bodies of loved ones killed in the downing of Malaysia Airlines Flight 17,...
Sunday, July 20 2014 3:49 PM EDT2014-07-20 19:49:53 GMT
"Dawn of the Planet of the Apes" outmuscled a trio of new films, as the science fiction sequel topped the box office for the second-straight week with an estimated $36 million.
The summer box office continued to lack mojo, as the R-rated "Sex Tape" failed to turn on moviegoers over a weekend where "Dawn of the Planet of the Apes" maintained its rule.
Sunday, July 20 2014 3:00 PM EDT2014-07-20 19:00:39 GMT
Three massive fires since the beginning of June have highlighted the threat lightning poses in the North Dakota oil patch, and in each case it was tanks that store the toxic saltwater associated with drilling - not...
Three massive fires since the beginning of June have highlighted the threat lightning poses in the North Dakota oil patch, and in each case it was tanks that store the toxic saltwater associated with drilling - not the oil...
Sunday, July 20 2014 1:58 PM EDT2014-07-20 17:58:00 GMT
Federal authorities have charged FedEx Corp. with assisting illegal pharmacies by knowingly delivering dangerous drugs to customers without prescriptions.
Federal authorities on Thursday charged FedEx with assisting illegal pharmacies by knowingly delivering painkillers and dangerous drugs to customers without prescriptions.
Sunday, July 20 2014 1:57 PM EDT2014-07-20 17:57:59 GMT
The Oregon attorney general has sued the makers and marketers of 5-Hour Energy, alleging they engaged in deceptive advertising.
Two attorneys general from the Northwest have sued the companies responsible for the popular 5-Hour Energy drink, alleging they engaged in deceptive advertising.
Sunday, July 20 2014 1:57 PM EDT2014-07-20 17:57:51 GMT
By MARILYNN MARCHIONE AP Chief Medical Writer New details from two studies reveal more side effects from niacin, a drug that many Americans take for cholesterol problems and general heart health....
By MARILYNN MARCHIONE AP Chief Medical Writer New details from two studies reveal more side effects from niacin, a drug that hundreds of thousands of Americans take for cholesterol problems and general...
Sunday, July 20 2014 7:12 AM EDT2014-07-20 11:12:51 GMT
Poland's foreign minister had sharp words on the downing of the Malaysia Airlines jumbo jet in Ukraine - blaming the crash on Russia-backed "bandits." But throughout most of central and eastern Europe, leaders...
Poland's foreign minister had sharp words on the downing of the Malaysia Airlines jumbo jet in Ukraine - blaming the crash on Russia-backed "bandits." But throughout most of central and eastern Europe, leaders withheld...
Sunday, July 20 2014 6:29 AM EDT2014-07-20 10:29:47 GMT
Hit by two astonishing tragedies in quick succession, the Malaysia Airlines brand may become the airline industry's equivalent of asbestos or News of the World: toxic to the public and, experts say, impossible...
Hit by two astonishing tragedies in quick succession, the Malaysia Airlines brand may become the airline industry's equivalent of asbestos or News of the World: toxic to the public and, experts say, impossible to redeem.
Saturday, July 19 2014 11:22 PM EDT2014-07-20 03:22:06 GMT
Ukraine is accusing Russia of assisting separatist rebels in destroying evidence at the crash site of a Malaysia Airlines plane shot down with 298 people onboard.
International monitors moved gingerly Saturday through fields reeking of the decomposing corpses that fell from a Malaysian airliner shot down over rebel-held eastern Ukraine, trying to secure the sprawling site in hopes...
Saturday, July 19 2014 4:29 PM EDT2014-07-19 20:29:56 GMT
National parks and monuments boosted the economies of surrounding communities in Wyoming, Montana and Idaho by a combined $1.15 billion last year, according to a new study.
National parks and monuments boosted the economies of surrounding communities in Wyoming, Montana and Idaho by a combined $1.15 billion last year, according to a new study.
Saturday, July 19 2014 2:40 PM EDT2014-07-19 18:40:11 GMT
By The Associated Press Time Warner has rejected a takeover bid from Twenty-First Century Fox and says it has no interest in further discussions with Rupert Murdoch's media entertainment giant.
Even though Rupert Murdoch's $76 billion bid for rival media giant Time Warner Inc. has been rejected, that doesn't mean how you watch TV shows and movies will stop changing any time soon.
Saturday, July 19 2014 2:11 PM EDT2014-07-19 18:11:30 GMT
Malaysia Airlines says it has no immediate plans to fly the relatives of 298 passengers and crew killed in the downing of Flight 17 to Ukraine to visit the site because of security concerns.
Forensic teams fanned out across the Netherlands on Saturday to collect material that will help positively identify the remains of victims killed in the downing of the Malaysia Airlines plane over Ukraine. Families and...
Saturday, July 19 2014 12:59 PM EDT2014-07-19 16:59:31 GMT
A new study found that cities that regularly replace old natural gas lines don't leak as much methane as older cities who don't fix them.
Cities such as Indianapolis that regularly replace old natural gas lines have significantly fewer leaks than older urban areas where they don't, like Boston and New York City's Staten Island, according to a new...
Saturday, July 19 2014 12:13 AM EDT2014-07-19 04:13:14 GMT
Rescue workers, policemen and even off-duty coal miners are combing the area adjacent to the site in eastern Ukraine where a Malaysian jetliner crashed on Thursday, killing all 298 aboard.
World leaders demanded Friday that pro-Russia rebels who control the eastern Ukraine crash site of Malaysia Airlines Flight 17 give immediate, unfettered access to independent investigators to determine who shot down the...
Friday, July 18 2014 5:38 PM EDT2014-07-18 21:38:22 GMT
By MARILYNN MARCHIONE AP Chief Medical Writer Researchers say an experimental drug from the biotech company Genentech failed to slow mental decline in tests on more than 500 people with mild to...
By MARILYNN MARCHIONE AP Chief Medical Writer An experimental drug from the biotech company Genentech failed to slow mental decline in mid-stage studies on more than 500 people with mild to moderate...
Friday, July 18 2014 5:03 PM EDT2014-07-18 21:03:00 GMT
U.S. stock futures are creeping up Friday as General Electric, Google and other big companies report quarterly results.
By ALEX VEIGA AP Business Writer Investors jumped on a wave of strong corporate financial results Friday, propelling stocks higher for the third time in five days.
Friday, July 18 2014 4:19 PM EDT2014-07-18 20:19:58 GMT
Earnings gains from Google, Honeywell and other big U.S. companies drive the stock market to a higher close, wiping out much of its loss from the day before.
Earnings gains from Google, Honeywell and other big U.S. companies drive the stock market to a higher close, wiping out much of its loss from the day before.
Friday, July 18 2014 3:50 PM EDT2014-07-18 19:50:25 GMT
Unemployment rates dropped in 22 U.S. states last month and stayed the same in 14, as the nation at large posted a fifth straight month of solid hiring.
Since the Great Recession officially ended in June 2009, the U.S. economy has generated 7.8 million jobs. But the gains haven't been spread evenly across the country.
Friday, July 18 2014 1:39 PM EDT2014-07-18 17:39:42 GMT
Swedish home appliance maker Electrolux says improved demand in Europe and the United States boosted the company's second-quarter profit 27 percent to 815 million kronor ($119 million) from 642 million kronor a...
Swedish home appliance maker Electrolux has posted a second-quarter net loss of 92 million ($13.5 million) kronor, citing large restructuring charges, but says demand in Europe and the United States is picking up.
Friday, July 18 2014 12:09 PM EDT2014-07-18 16:09:27 GMT
By The Associated Press Abbvie Inc.'s deal to combine with Shire PLC would be the largest made so far this year, excluding assumed debt. Here are the top five:
By The Associated Press Abbvie Inc.'s deal to combine with Shire PLC would be the largest made so far this year, excluding assumed debt. Here are the top five:
Friday, July 18 2014 12:09 PM EDT2014-07-18 16:09:21 GMT
Asian stock markets fell Friday, unnerved by a ratcheting up of global political tensions after a Malaysian jetliner was shot down over Ukraine and Israel launched a ground offensive in the Gaza Strip.
Markets settled down Friday but jitters over the downing of a Malaysian jetliner over Ukraine remained at the fulcrum of investors' thoughts.
Friday, July 18 2014 11:48 AM EDT2014-07-18 15:48:55 GMT
U.S. drugmaker AbbVie has finally reached an agreement valued at around $55 billion to combine with Shire after its British counterpart rebuffed several takeover attempts.
By TOM MURPHY AP Business Writer The drugmaker AbbVie has reached a deal worth roughly $55 billion to combine with British counterpart Shire and become the latest U.S. company to seek an overseas haven...
Friday, July 18 2014 11:11 AM EDT2014-07-18 15:11:56 GMT
Visions of chlorine-drenched chickens and the prospect of genetically modified "Frankenfood" invading dinner tables across the European Union are proving serious impediments to the signing of a sweeping free trade...
Visions of chlorine-drenched chickens and the prospect of genetically modified "Frankenfood" invading dinner tables across the European Union are proving serious impediments to the signing of a sweeping free trade...
Friday, July 18 2014 11:10 AM EDT2014-07-18 15:10:00 GMT
A gauge designed to predict the economy's future health increased in June for a fifth consecutive month, supporting the view that economic growth should accelerate in the second half of this year.
A gauge designed to predict the economy's future health increased in June for a fifth consecutive month, supporting the view that economic growth should accelerate in the second half of this year.
Friday, July 18 2014 10:04 AM EDT2014-07-18 14:04:02 GMT
New York Gov. Andrew Cuomo's work to avert a strike on the nation's largest commuter rail system won praise from commuters and political observes alike - while playing nicely into his aggressively...
New York Gov. Andrew Cuomo's work to avert a strike on the nation's largest commuter rail system won praise from commuters and political observers alike - while playing nicely into his aggressively cultivated image...
Friday, July 18 2014 3:40 AM EDT2014-07-18 07:40:32 GMT
France's transport chief says faulty maintenance on a signal and hot weather may have played a role in the collision of two trains in southwest France, which left 25 injured.
France's transport chief says faulty maintenance on a signal and hot weather may have played a role in the collision of two trains in southwest France, which left 25 injured.
Friday, July 18 2014 1:03 AM EDT2014-07-18 05:03:45 GMT
An adviser to Ukraine's Interior Minister says a Malaysian passenger plane carrying 295 people has been shot down over a town in the east of the country.
Ukraine accused pro-Russian separatists of shooting down a Malaysian jetliner with 298 people aboard, sharply escalating the crisis and threatening to draw both East and West deeper into the conflict. The rebels denied...
Friday, July 18 2014 12:31 AM EDT2014-07-18 04:31:15 GMT
Malaysia Airlines says it lost contact with a plane over Ukrainian airspace.
The Malaysia Airlines jetliner that went down in war-torn Ukraine did not make any distress call, Malaysia's prime minister said Friday, adding that its flight route had been declared safe by the global civil aviation...
Thursday, July 17 2014 10:23 PM EDT2014-07-18 02:23:48 GMT
The Israeli military says it has struck 37 targets in Gaza ahead of a five-hour humanitarian cease-fire meant to allow civilians to stock up after 10 days of fighting.
The heavy thud of tank shells, often just seconds apart, echoed across the Gaza Strip early Friday as thousands of Israeli soldiers launched a ground invasion, escalating a 10-day campaign of heavy air bombardments to try...
