Spanish stocks dropped sharply early Friday morning after ratings agency Moody's downgraded its credit score of 16 Spanish banks in the latest blow to the troubled financial sector.
Spanish stocks dropped sharply early Friday morning after ratings agency Moody's downgraded its credit score of 16 Spanish banks in the latest blow to the troubled financial sector.
GlaxoSmithKline says it is persisting with its hostile bid to take over U.S. company Human Genome Sciences despite the target's new 'poison pill' defense.
GlaxoSmithKline says it will persist with its bid to take over U.S. company Human Genome Sciences despite the target's new 'poison pill' defense.
Leaders of China's solar power industry have rejected a U.S. antidumping ruling and say proposed punitive tariffs might disrupt efforts to promote clean energy.
China's government on Friday rejected a U.S. antidumping ruling against its makers of solar power equipment and Chinese manufacturers warned proposed punitive tariffs might hurt efforts to promote clean energy.
Oil prices hovered below $93 a barrel Friday in Asia, pausing after the latest twists in Europe's debt crisis triggered a sharp two-week selloff.
Oil prices fell to near $92 a barrel Friday in Asia, extending a sharp two-week selloff as the latest twists in Europe's debt crisis added to a gloomy economic outlook.
Asian stocks plunged Friday after discouraging U.S. economic reports unnerved investors already worried about the stability of the 17-country eurozone.
Asian stocks dived Friday after discouraging U.S. economic reports unnerved investors already worried about the stability of the 17-country euro currency union.
Taiwan's Ma Ying-jeou is set to begin his second presidential term caught between China's desire to exert greater influence over his democratic island and Taiwanese determination to maintain their de facto...
Taiwan President Ma Ying-jeou has leveraged growing economic ties with China to reduce tensions to their lowest level since the two sides split in 1949. China's incessant effort to draw the democratic island closer...
A Japanese rocket has lifted off with a South Korean satellite in Japan's first commercial launch of a foreign probe into space.
A rocket has lifted off in Japan in the country's first commercial launch of a foreign satellite - one from South Korea designed to monitor the environment.
JPMorgan Chase CEO Jamie Dimon is facing shareholders five days after disclosing a $2 billion trading loss.
The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that "should never have happened" and survived a push to strip him of the title of chairman of the board.
U.S. builders began work on more homes last month, evidence that the battered housing market is slowly healing.
Maybe the U.S. economy's strength this winter wasn't just weather-related after all.
The owner of fast-food chains Carl's Jr. and Hardee's is planning to go public again, seeking to raise an estimated $100 million.
The owner of fast-food chains Carl's Jr. and Hardee's is planning to go public again, seeking to raise an estimated $100 million.
Wal-Mart Stores Inc. reported a 10.1 percent increase in first-quarter profit that beat Wall Street estimates as its re-emphasis on low prices drove bargain-hungry U.S. shoppers into its stores. The world's largest...
Wal-Mart may have gotten its groove back, but an alleged bribery scheme threatens to curtail its progress.
Clothing seller Gap Inc. says its first-quarter net income was unchanged from a year ago as rising costs and a drop in overseas sales offset sales gains at its Old Navy, Gap and Banana Republic chains.
Revenue gains at its Old Navy, Gap and Banana Republic chains and online helped clothing seller Gap Inc. overcome rising costs and post first-quarter net income on Thursday that was unchanged from a year earlier.
Taking a company public isn't as simple as collecting Facebook friends.
Taking a company public isn't as simple as collecting Facebook friends.
Total U.S. money market mutual fund assets fell by $5.35 billion to $2.563 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.
Total U.S. money market mutual fund assets fell by $5.35 billion to $2.563 trillion for the week that ended Wednesday, the Investment Company Institute said Thursday.
Facebook's initial public offering could be one of the largest in history if its stock prices at the high end of its expected range on Thursday.
Facebook's initial public offering of stock is shaping up to be one of the largest ever. The world's definitive online social network is raising at least $16 billion for the company and its early investors in a...
JPMorgan Chase CEO Jamie Dimon is willing to testify at a congressional hearing this spring on the bank's $2 billion trading loss.
JPMorgan Chase CEO Jamie Dimon is willing to testify at a congressional hearing this spring on the bank's $2 billion trading loss.
Sears Holdings Corp. returned to a first-quarter profit, benefiting from a gain on the sale of some stores.
Sears Holdings Corp. said Thursday it returned to a profit in the first quarter as it benefited from a gain on the sale of underperforming stores. The troubled retailer also said it would spinoff a stake in its Canada unit...
Facebook's initial public offering of stock is shaping up to be one of the largest ever. The world's definitive online social network is raising at least $16 billion, a big windfall for a company that began eight...
Facebook's initial public offering of stock is shaping up to be one of the largest ever. The world's definitive online social network is raising at least $16 billion, a big windfall for a company that began eight...
By The Associated Press A key Treasury yield is finishing the day at a new low as worries over Europe and a weak report on the U.S. economy send traders into the safety of U.S. government bonds.
By The Associated Press A benchmark Treasury yield neared an all-time low Thursday as worries over Europe and a weak report on the U.S. economy send traders into the safety of U.S. government bonds.
By The Associated Press Profiles of President Barack Obama's two nominees to the seven-member Federal Reserve Board who were confirmed by the Senate on Thursday.
By The Associated Press Profiles of President Barack Obama's two nominees to the seven-member Federal Reserve Board who were confirmed by the Senate on Thursday.
By The Associated Press Key barometers in the Treasury market late Thursday, compared with late Wednesday. Price changes in the 10-year note and 30-year bond are per $100 invested:
By The Associated Press Key barometers in the Treasury market late Thursday, compared with late Wednesday. Price changes in the 10-year note and 30-year bond are per $100 invested:
Stock futures are falling, with unease about Europe overshadowing what is expected to be another positive U.S. employment report and also some big numbers from the world's largest retailer.
Unable to shake their worries about Europe, investors drove stocks to a four-month low Thursday and piled into bonds, sending the yield on the 10-year Treasury note close to an all-time low.
Spain managed to auction nearly €2.5 billion ($3.18 billion) in medium-term debt amid strong demand but at sharply higher interest rates reflecting concerns that the country will be caught up in the fallout of the Greek...
Confidence in Spain's banks and its teetering economy was shaken Thursday after a newspaper reported that depositors were rushing to withdraw their money from Bankia, a troubled bank that was effectively nationalized...
Cheaper generic versions of blood thinner Plavix, the world's second-best-selling medicine, have just been approved for sale.
Patients taking the popular blood thinner Plavix now have the option of getting a less-expensive pill, following the approval Thursday of the first generic versions in the U.S.
Investors who see opportunity in Asia's growth typically think of China first. That's one reason why there's no shortage of options for U.S. investors looking to buy a stock mutual fund that focuses on China.
Investors who see opportunity in Asia's growth typically think of China first. That's one reason why there's no shortage of options for U.S. investors looking to buy a stock mutual fund that focuses on China.
By The Associated Press Stock markets fell after a pair of discouraging economic reports exacerbated investors' fears over turmoil stemming from Greece's possible exit from euro.
By The Associated Press Stock markets fell after a pair of discouraging economic reports exacerbated investors' fears over turmoil stemming from Greece's possible exit from euro.
By The Associated Press Moody's Investors Service is downgrading the ratings of 16 Spanish banks because of the country's worsening financial picture.
By The Associated Press Moody's Investors Service is downgrading the ratings of 16 Spanish banks because of the country's worsening financial picture.
By The Associated Press Long-term growth prospects in India are drawing the attention of mutual fund companies in the U.S. Ten U.S. funds specialize in Indian stocks, and half of those have been launched...
By The Associated Press Long-term growth prospects in India are drawing the attention of mutual fund companies in the U.S. Ten U.S. funds specialize in Indian stocks, and half of those have been launched...
By The Associated Press HOW NOW, DOW JONES: The Dow Jones industrial average posted its 11th loss in 12 days as U.S. economic data exacerbated investors' fears over Europe. The two-week slump...
By The Associated Press HOW NOW, DOW JONES: The Dow Jones industrial average posted its 11th loss in 12 days as U.S. economic data exacerbated investors' fears over Europe. The two-week slump...
The Senate has confirmed President Barack Obama's two nominees to the Federal Reserve Board, bringing the seven-member board to full strength for the first time since April 2006.
The Senate has confirmed President Barack Obama's two nominees to the Federal Reserve Board, bringing the seven-member board to full strength for the first time since April 2006.
Fears that Greece will need to leave the single currency union is pushing the dollar to a four-month high against the euro.
Fears that Greece will need to leave the single currency union pushed the dollar to a four-month high against the euro Thursday.
Key currency exchange rates Thursday, compared with late Wednesday in New York:
Key currency exchange rates Thursday, compared with late Wednesday in New York:
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.
For the first time in nearly two decades, the Chevrolet brand will have a rear-wheel-drive sedan in its U.S. lineup.
For the first time in nearly two decades, the Chevrolet brand will have a big, rear-wheel-drive sedan in its U.S. lineup.
By The Associated Press Prices for wheat and precious metals are ending higher, a rare flash of bullish news on a down day for the markets.
By The Associated Press Wheat prices rose again Thursday on concerns about poor weather conditions, while gold and silver shot higher as traders sought refuge from a steep decline in the stock market.
By The Associated Press U.S. airlines' revenue from checked bag fees fell last year for the first time since they started collecting them, signaling that more passengers are packing light to save cash....
By The Associated Press U.S. airlines' revenue from checked bag fees fell last year for the first time since they started collecting them, signaling that more passengers are packing light to save cash....
By SANDY SHORE AP Business Writer The price of natural gas is plunging as supplies continue to build and mild weather is curtailing demand in parts of the country.
By SANDY SHORE AP Business Writer Natural gas is no longer at decade lows, but the price remains sensitive to reports of any significant increase in supply.
Outgoing Altria Group CEO Michael Szymanczyk (sih-MAN-sick) finished his final shareholder meeting much the same way as his first - fielding attacks against the nation's largest tobacco company.
Outgoing Altria Group Inc. CEO Michael E. Szymanczyk finished his final shareholder meeting on Thursday much the same way as his first - fielding attacks against the nation's largest tobacco company.
By The Associated Press APPETITE FOR WHEAT: Wheat has been climbing this week as investors worry that dry weather in Russia and the U.S. will crimp supply. Wheat climbed 3 percent, or 19 cents per bushel,...
By The Associated Press APPETITE FOR WHEAT: Wheat has been climbing this week as investors worry that dry weather in Russia and the U.S. will crimp supply. Wheat climbed 3 percent, or 19 cents per bushel,...
By The Associated Press The price of oil fell Thursday as worries persisted about the future of Greece in the European Union and the long-term impact that region's financial crisis could have on the...
By The Associated Press The price of oil fell Thursday as worries persisted about the future of Greece in the European Union and the long-term impact that region's financial crisis could have on the...
Fitch ratings agency has downgraded crisis-hit Greece by one notch to CCC, citing the "heightened risk" that the country may be forced to abandon the euro currency union.
Fitch ratings agency downgraded debt-crippled Greece deeper into junk territory on Thursday, warning of a "probable" Greek exit from the euro currency union if new national elections next month produce an anti-bailout...
U.S. airlines' revenue from bag fees fell last year for the first time since they started collecting fees in 2008. But that doesn't mean travelers paid less; there were simply fewer fliers.
U.S. airlines' revenue from bag fees fell last year for the first time since they started collecting them, signaling that more passengers are packing light to save cash when they fly.
Disney/Marvel's "The Avengers" should top the domestic box office for a third straight weekend, fending off wide-release newcomers with another $50 million in receipts.
Disney/Marvel's "The Avengers" should top the domestic box office for a third straight weekend, fending off wide-release newcomers with another $50 million in receipts.
Fitch Ratings says the world's 29 biggest banks together may have to raise $566 billion by the end of 2018 to meet new international requirements for holding cushions against risk.
Fitch Ratings said Thursday that the world's 29 biggest banks together may have to raise $566 billion by the end of 2018 to meet new international requirements for holding cushions against risk.
Greece is swearing in the caretaker cabinet that will lead the country into repeat elections next month, after a deadlocked vote sparked more political turmoil and brought the country's euro membership into question.
Greece on Thursday swore in 300 legislators for just one day before it dissolves Parliament and calls new elections, among them 21 lawmakers from Golden Dawn - arguably the most far-right party to be involved in a European...
Billionaire Warren Buffett's company is making its largest foray into newspapers yet, agreeing to buy 63 papers from Media General Inc.
Billionaire Warren Buffett's company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million.
Members of France's new Socialist-led government are taking office and preparing for their first Cabinet meeting with President Francois Hollande.
French President Francois Hollande's new Socialist-led government adopted a 30 percent pay cut Thursday, a gesture of shared sacrifice by leaders who must now reduce the country's massive debts and tackle spiraling...
By CHRISTINA REXRODE AP Business Writer This time of year, shareholders bombard corporations with suggestions about executive pay, governance and other arcana. But once in a while, an idea comes along that...
By CHRISTINA REXRODE AP Business Writer This time of year, shareholders bombard corporations with suggestions about executive pay, governance and other arcana. But once in a while, an idea comes along that...
We hear it time and time again - "Eat your veggies!" From the grocery aisle to the farmers market, vegetables are plentiful. But it is all too easy to wind up with wan, dried-out carrots from the supermarket or overpriced...
We hear it time and time again - "Eat your veggies!" From the grocery aisle to the farmers market, vegetables are plentiful. But it is all too easy to wind up with wan, dried-out carrots from the supermarket or overpriced...
The number of people seeking unemployment benefits was unchanged last week, suggesting steady gains in the job market.
The number of people seeking U.S. unemployment benefits was unchanged last week, suggesting modest but steady gains in the job market.
An airline says one of its planes, which was carrying 62 people, made an emergency landing at Germany's Munich airport where it slid off the runway. One passenger was slightly injured.
An airline says one of its planes, which was carrying 62 people, made an emergency landing at Germany's Munich airport where it slid off the runway. One passenger was slightly injured.
An Israeli official says the country's military chief of staff will be making an official visit to China in a sign of warming security ties between the countries.
An Israeli official says the country's military chief of staff will be making an official visit to China in a sign of warming security ties between the countries.
By The Associated Press Average U.S. rates for 30-year and 15-year fixed mortgages fell this week to record lows for the third straight week. The low rates make it one of the most affordable times in...
By The Associated Press Average U.S. rates for 30-year and 15-year fixed mortgages fell this week to record lows for the third straight week. The low rates make it one of the most affordable times in...
World stocks dived Wednesday after a failure by Greece's political leaders to form a coalition government set the stage for new elections next month, keeping Europe's debt crisis center stage.
Fears surrounding the stability of the 17-country eurozone - particularly the state of Spain's financial system and whether Greece might be forced out of the single currency union - pushed global markets down again on...
By The Associated Press PULLING OUT: The embattled CEO of Canadian Pacific Railway is leaving, ending a months-long battle that pitted New York activist Bill Ackman against a board stacked with Canadian...
By The Associated Press PULLING OUT: The embattled CEO of Canadian Pacific Railway is leaving, ending a months-long battle that pitted New York activist Bill Ackman against a board stacked with Canadian...
The nation's natural gas supplies rose last week, the government said Thursday.
The nation's natural gas supplies rose last week, the government said Thursday.
An American businessman jailed for more than four years in Dubai under suspicion of corruption has started a hunger strike to push for a trial and seek greater U.S. diplomatic pressure in his case.
An American businessman jailed for more than four years in Dubai under suspicion of corruption has started a hunger strike to push for a trial and seek greater U.S. diplomatic pressure in his case.
A measure of future U.S. economic activity fell in April after six months of increases. The drop reflected weakness in housing and hiring.
A measure of future U.S. economic activity fell in April after six months of increases. The drop reflected fewer requests for building permits and a temporary spike in applications for unemployment benefits.
Manufacturing activity contracted in the mid-Atlantic region in May for the first time in eight months. New orders decreased and firms cut jobs.
Manufacturing activity contracted in the mid-Atlantic region in May for the first time in eight months. New orders decreased and firms cut jobs.
Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.
Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week. The steady decline has made home-buying and refinancing more affordable than ever for those who can qualify.
Berlin's mayor says the planned opening of the city's €2.5 billion ($3.18 billion) new airport must be further delayed until spring of next year.
The opening of Berlin's new €2.5-billion ($3.18-billion) airport must be further delayed until spring of next year, the capital's mayor said Thursday, in a growing embarrassment for city officials.
Average US rate on 30-year fixed mortgage hits record low of 3.79 percent; 15-year also record.
Average US rate on 30-year fixed mortgage hits record low of 3.79 percent; 15-year also record.
British Prime Minister David Cameron is urging Europe to sort out its currency crisis, calling on the 17-country eurozone to "to make-up or it is looking at a potential break-up.
British Prime Minister David Cameron on Thursday urged Europe to sort out its currency crisis, calling on the 17-country eurozone "to make-up or it is looking at a potential break-up."
Russia's MICEX benchmark has shed nearly 3 percent to hit its lowest point since Oct. 5, as oil prices keep falling, lowering revenue from its lucrative sector and as fears grow that Greece's political crisis will...
Russia's main stock index on Thursday hit its lowest point since Oct. 5 as oil prices keep falling, lowering revenue from the country's lucrative energy sector and as fears grow that Greece's political crisis...
Human Genome Sciences says its board has adopted a "poison pill" shareholder rights plan to ward off unsolicited takeover bids for the biotech drugmaker.
Biotech drugmaker Human Genome Sciences Inc.'s board has adopted a "poison pill" shareholder rights plan to ward off unsolicited takeover bids, and it also has rejected a buyout offer worth nearly $2.6 billion from...
By PABLO GORONDI Associated Press Oil prices edged further below $93 a barrel on Thursday, extending a sharp two-week sell-off, as traders monitored Europe's debt crisis and its potential impact on...
By PABLO GORONDI Associated Press Oil prices edged further below $93 a barrel on Thursday, extending a sharp two-week sell-off, as traders monitored Europe's debt crisis and its potential impact on...
Agilent Technologies and Swedish private equity group EQT say they've reached a deal to buy Dako, a Denmark-based cancer diagnostic company, for about $2.2 billion.
Agilent Technologies Inc. said Thursday that it is buying Dako, a Denmark-based cancer diagnostic company, for about $2.2 billion to help it develop a wider range of cancer-fighting products, expand Agilent's life...
Honda says it's recalling nearly 53,000 Acura TL sedans in the U.S. to fix a problem with power steering hoses.
Honda says it's recalling nearly 53,000 Acura TL sedans in the U.S. to fix a problem with power steering hoses.
Wal-Mart Stores Inc. is reporting a 10.1 percent increase in first-quarter profit as the world's largest retailer's re-emphasis on low prices continues to woo back bargain-hungry shoppers in an uncertain economy.
Wal-Mart Stores Inc. is reporting a 10.1 percent increase in first-quarter profit as the world's largest retailer's re-emphasis on low prices continues to woo back bargain-hungry shoppers in an uncertain economy.
British autoworkers have overwhelmingly backed a job deal which clears the way for renewed investment at General Motors' Vauxhall plant in northern England.
General Motors' Vauxhall plant in northern England will build the company's top-selling Astra vehicles, the automaker said Thursday - a relief for U.K. politicians who had lobbied its American owner to keep the plant...
Iran's parliament on Thursday signed off on a $462 billion budget bill for the current Iranian year that is about 9 percent less than the budget approved in the previous calendar year, a consequence attributed to the new...
Iran's parliament on Thursday signed off on a $462 billion budget bill for the current Iranian year that is about 9 percent less than the budget approved in the previous calendar year, a consequence attributed to the new...
Toyota Motor Corp. President Akio Toyoda took the helm at Japan's auto industry group Thursday with a promise to keep production and jobs at home to help along the country's recovery from last year's disaster.
Toyota Motor Corp. President Akio Toyoda took the helm at Japan's auto industry group Thursday with a promise to keep production and jobs at home to help along the country's recovery from last year's disaster.
Asian stocks eked out gains Thursday as traders hunted for bargains after sharp selling in recent days, but markets in Europe fell amid intensifying fears of a messy exit by Greece from the euro common currency.
Asian stocks eked out gains Thursday as traders hunted for bargains after sharp selling in recent days, but markets in Europe fell amid intensifying fears of a messy exit by Greece from the euro common currency.
Japan's economy grew at an annual rate of 4.1 percent from January to March amid a gradual recovery from last year's catastrophic earthquake and tsunami.
Japan's economy grew an at annual rate of 4.1 percent in the first quarter amid a gradual recovery from last year's catastrophic earthquake and tsunami.
Ford is taking on Toyota in the hybrid market.
Ford is taking on Toyota in the hybrid market.
National foreclosure trends took a positive turn in April, as the number of homes seized by banks declined and fewer properties entered into the foreclosure process.
National foreclosure trends took a positive turn in April, as the number of homes seized by banks declined and fewer properties entered into the foreclosure process.
The price of oil continues to decline as supplies grow in the U.S.
Oil prices hovered near $93 a barrel Thursday in Asia as traders mulled whether concern over Europe's debt crisis justifies extending a sharp sell-off during the last two weeks.
Singapore says its economic growth slowed in the first quarter as manufacturing fell.
Singapore's economic growth slowed in the first quarter as the government warned Thursday that political upheaval in Europe threatens to undermine the global economy.
Wall Street doesn't seem to like J.C. Penney's new everyday low pricing any better than Main Street does.
Wall Street doesn't seem to like J.C. Penney's new everyday low pricing any better than Main Street does.
Wall Street doesn't seem to like J.C. Penney's new everyday low pricing any better than Main Street does.
Wall Street doesn't seem to like J.C. Penney's new everyday low pricing any better than Main Street does.
Target Corp. is reporting a 1.2 percent increase in first-quarter profit as the discount chain pulled in more shoppers with its food and trendy fashions.
Target Corp. raised its profit outlook Wednesday after reporting better-than-expected first-quarter results that were boosted by increased spending on food and cheap chic fashions.
By The Associated Press BIG JPMORGAN LOSS CITED: A key House Republican says the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control risks. Republican lawmakers...
By The Associated Press BIG JPMORGAN LOSS CITED: A key House Republican says the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control risks. Republican lawmakers...
Responding to extraordinary demand, Facebook said Wednesday that it would sell more stock in the company's initial public offering. But ahead of the IPO, a debate emerged between two of the nation's largest...
Responding to extraordinary demand, Facebook said Wednesday that it would sell more stock in the company's initial public offering. But ahead of the IPO, a debate emerged between two of the nation's largest...
Greece's president is to convene the crisis-struck country's political leaders once more, this time to appoint a caretaker government that will lead the country into new elections next month.
A senior judge was sworn in Wednesday to head Greece's caretaker government for a month as the debt-crippled country lurches through a political crisis that threatens its membership in the 17-nation eurozone.
Deere is posting a 17 percent spike in profits for the second quarter is raising its outlook for the year, with farm receipts expected to hit historic heights.
Deere posted a 17 percent spike in second quarter profit Wednesday and boosted its outlook for the year, predicting record-high global demand for its signature tractors, harvesters and seeders.
By The Associated Press COOKED WHEAT: Dry, hot temperatures in the U.S. and a drought in Russia had investors anticipating that supplies might be tight. Wheat surged 5 percent, corn rose 4 percent.
By The Associated Press COOKED WHEAT: Dry, hot temperatures in the U.S. and a drought in Russia had investors anticipating that supplies might be tight. Wheat surged 5 percent, corn rose 4 percent.
The $2 billion trading loss at JPMorgan Chase should feature prominently Wednesday when lawmakers debate how best to regulate banks big enough to bring down the broader financial system.
A key House Republican says the $2 billion trading loss at JPMorgan Chase raises critical questions about how banks control their risks. But Republican lawmakers rejected calls from Democrats for stricter regulation.
Researchers say the U.S. approved more new medicines in less time than Europe and Canada in the last decade, challenging long-standing criticisms that the Food and Drug Administration lags behind its peers in clearing...
Researchers say the U.S. approved more new medicines in less time than Europe and Canada in the last decade, challenging long-standing criticisms that the Food and Drug Administration lags behind its peers in clearing...
By The Associated Press Stock markets fell on worries that Greece would exit the euro bloc and throw the global markets into further turmoil. New elections were called in Greece for June 17 after coalition...
By The Associated Press Stock markets fell on worries that Greece would exit the euro bloc and throw the global markets into further turmoil. New elections were called in Greece for June 17 after coalition...
By The Associated Press Key barometers in the Treasury market late Wednesday, compared with late Tuesday. Price changes in the 10-year note and 30-year bond are per $100 invested:
By The Associated Press Key barometers in the Treasury market late Wednesday, compared with late Tuesday. Price changes in the 10-year note and 30-year bond are per $100 invested:
By The Associated Press Wheat futures soared 5 percent as dry weather in the U.S. brought worries that the crop wouldn't be nearly as large as traders had expected.
By The Associated Press Wheat futures soared 5 percent as dry weather in the U.S. brought worries that the crop wouldn't be nearly as large as traders had expected.
Worries that Greece will drop out of the euro currency union are pushing the dollar higher against most other currencies.
Worries that Greece will drop out of the euro currency union continued to push the dollar higher against most other currencies Wednesday.
By The Associated Press GREEK DRAMA: Stock markets fell on worries that Greece would exit the euro bloc and throw the global markets into further turmoil. New elections were called in Greece for June 17...
By The Associated Press GREEK DRAMA: Stock markets fell on worries that Greece would exit the euro bloc and throw the global markets into further turmoil. New elections were called in Greece for June 17...
U.S. stock futures are edging higher on strong data from the housing sector, yet worries persist that Greek debt problems could fracture the European Union and roil global markets.
The unending turmoil in Greece spread fallout across the financial markets Wednesday. The Dow Jones industrial average fell for the ninth day out of 10, and gold, oil, and the euro all dropped to multi-month lows.
By The Associated Press A look at economic developments and activity in major stock markets around the world Wednesday:
By The Associated Press A look at economic developments and activity in major stock markets around the world Wednesday:
Delta Air Lines says it may have charged some frequent fliers higher fares than other customers for almost three weeks because of a computer glitch.
Delta Air Lines may have charged some frequent fliers higher fares than other customers for almost three weeks because of a computer glitch.
Facebook's owners now plan to sell 25 percent more shares in the company as investors clamor for shares in the year's hottest stock offering.
Responding to extraordinary demand, Facebook said Wednesday that it would sell more stock in the company's initial public offering. But ahead of the IPO, a debate emerged between two of the nation's largest...
A threat that's been hanging over the economy is starting to look a lot less menacing.
A threat that's been hanging over the economy is starting to look a lot less menacing.
By The Associated Press HOUSING STARTS RISE: U.S. homebuilding rose to nearly a three-year high in April. Builders broke ground at a seasonally adjusted annual pace of 717,000 homes, the Commerce...
By The Associated Press HOUSING STARTS RISE: U.S. homebuilding rose to nearly a three-year high in April. Builders broke ground at a seasonally adjusted annual pace of 717,000 homes, the Commerce...
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.
Key currency exchange rates Wednesday, compared with late Tuesday in New York:
Key currency exchange rates Wednesday, compared with late Tuesday in New York:
Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.
Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.
By The Associated Press Fears that Greece will drop the euro are pushing a key Treasury yield to the lowest level this year.
By The Associated Press Fears that Greece will drop the euro pushed a key Treasury yield to the lowest level this year.
France's new prime minister Jean-Marc Ayrault is taking up his new responsibilities, a day after the country's new Socialist president was sworn in.
Jean-Marc Ayrault, a moderate Socialist with an affinity for Germany, took office as France's prime minister on Wednesday and got to work by naming his Cabinet - a lineup that includes allies and veterans of previous...
Claims that Skechers' fitness shoes can help shed pounds and tone muscles are sketchy at best, says the government - and they're going to cost the company millions of dollars.
The government wants you to know that simply sporting a pair of Skechers' fitness shoes is not going to get you Kim Kardashian's curves or Brooke Burke's toned tush.
FBI Director Robert Mueller says the bureau has launched a preliminary investigation of JPMorgan Chase & Co. following a $2 billion trading loss at the bank.
FBI Director Robert Mueller says the bureau has launched a preliminary investigation of JPMorgan Chase & Co. following a $2 billion trading loss at the bank.
Dutch lawmaker Geert Wilders says he will file a lawsuit to block the Netherlands from ratifying the permanent European bailout fund.
Dutch lawmaker Geert Wilders says he will file a lawsuit to block the Netherlands from ratifying the permanent European bailout fund.
By The Associated Press CHINA CONNECTION: Asian energy giant PetroChina plans to join with Shell Canada and major energy companies in Japan and South Korea to develop a liquefied natural gas export project...
By The Associated Press CHINA CONNECTION: Asian energy giant PetroChina plans to join with Shell Canada and major energy companies in Japan and South Korea to develop a liquefied natural gas export project...
A British judge says a Kazakh banker can remain in hiding while appealing his prison sentence.
A former Kazakh banker accused of embezzling $5 billion can remain in hiding while appealing his prison sentence, a British judge ruled Wednesday.
Shareholders of JPMorgan Chase & Co. have filed two lawsuits against the nation's biggest bank, accusing it and its leaders of taking excessive risk and causing a monumental $2 billion trading loss.
Shareholders of JPMorgan Chase & Co. have filed two lawsuits against the nation's biggest bank, accusing it and its leaders of taking excessive risk and causing a monumental $2 billion trading loss.
Irish voters would be playing a dangerous game with their country's economic future if they reject the European Union fiscal treaty in a referendum this month, Finance Minister Michael Noonan warned Wednesday.
Irish voters would be playing a dangerous game with their country's economic future if they reject the European Union fiscal treaty in a referendum this month, Finance Minister Michael Noonan warned Wednesday.
An International Monetary Fund official says Italy has made "notable progress" toward improving its financial outlook in the last six months but added that work needs to be done on growth.
An International Monetary Fund official on Wednesday said the eurozone's third-largest economy is "on the right track" and has made notable progress in the six months since Premier Mario Monti took over.
Southwest Airlines Co. is doubling its $500 million share buyback program to $1 billion and raising its quarterly dividend to 1 cent per share.
Southwest Airlines Co. is doubling its $500 million share buyback program to $1 billion and raising its quarterly dividend to 1 cent per share.
Greece's privatization fund says it will delay decisions on the country's ambitious drive to sell off state assets until after next month's national elections.
Greece's privatization fund says it will delay decisions on the country's ambitious drive to sell off state assets until after next month's national elections.
Frankfurt police are preparing to clear a tent-camp of about 300 Occupy protesters from near the European Central Bank.
Police in Germany have temporarily cleared the Frankfurt Occupy tent camp next to the European Central Bank.
Newlyweds and couples moving toward marriage, take note. Love, as it turns out, is not all you need.
Newlyweds and couples moving toward marriage, take note. Love, as it turns out, is not all you need.
WellPoint shareholders are rejecting a call for more disclosure about the health insurer's political contributions after a shout-filled, contentious annual meeting.
WellPoint Inc. shareholders rejected a call for more disclosure about the health insurer's political contributions Wednesday during a shout-filled, contentious annual meeting.
The nation's crude oil supplies rose last week, the government said Wednesday.
The nation's crude oil supplies rose last week, the government said Wednesday.
Official figures show that the economy of the 17 countries that use the euro confounded expectations and avoided falling back into recession in the first quarter of the year.
Germany prevented the economy of the 17 countries that use the euro from falling into a recession in the first quarter of the year despite a raging debt crisis that's raising the specter of the breakup of the currency...
U.S. factory output increased in April, helped by a gain in auto production. Busier factories have driven stronger hiring this year and helped the economy grow.
U.S. factory output increased in April, helped by a gain in auto production. Busier factories have driven stronger hiring this year and helped the economy grow.
The head of the European Central Bank says its "strong preference" is for Greece to stay in the euro.
European Central Bank head Mario Draghi said Wednesday that the "strong preference" of the ECB's leadership is for financially troubled Greece to stay in the euro.
An Israeli company has written off its entire 12.5 percent investment in the company that sold Egyptian natural gas to Israel before Egypt terminated the exports.
An Israeli company has written off its entire 12.5 percent investment in the company that sold Egyptian natural gas to Israel before Egypt terminated the exports.
The Indian rupee hit a fresh all-time low against the dollar Wednesday, as risk averse global investors wary of India's twin deficits drowned out central bank efforts to stem the currency's slide.
The Indian rupee hit a fresh all-time low against the dollar Wednesday, as risk averse global investors wary of India's twin deficits drowned out central bank efforts to stem the currency's slide.
Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.
Americans are starting to see some relief from higher gas prices, a change that could revive the economy in the months ahead.
Spain's Repsol energy firm says it has sued Argentina over its takeover of the company's majority stake in the YPF oil and gas producer.
Spain's Repsol energy firm says it has sued Argentina over its takeover of the company's majority stake in the YPF oil and gas producer.
For the Italian entrepreneur whose business and marriage were falling apart, a tax bill was the last straw. Armed with a shotgun and two revolvers, Luigi Martinelli took 15 hostages at a government tax office last week,...
For the Italian entrepreneur whose business and marriage were falling apart, a tax bill was the last straw. Armed with a shotgun and two revolvers, Luigi Martinelli took 15 hostages at a government tax office last week,...
The difference between the interest rates demanded by investors for Spanish and German 10-year bonds has shot past the 500 basis point barrier, reflecting mounting concerns over the future of the eurozone.
Spain's prime minister warned Wednesday that the country faced the danger of being locked out of international markets as investors continued to fret about the future of the euro and Greece's place in the 17-country...
ABN Amro, the state-owned Dutch bank, has reported a 32 percent fall in first-quarter profits, reflecting the ongoing recession in the Netherlands.
ABN Amro, the state-owned Dutch bank, has reported a 32 percent fall in first-quarter profits, reflecting the ongoing recession in the Netherlands.
The price of oil is down slightly as Europe managed to avoid falling into recession thanks to slight economic growth in Germany.
The price of oil dropped to a six-month low Tuesday on concern that economic uncertainty in Europe could hurt demand for crude.
The Bank of England has trimmed its forecast for U.K. economic growth this year to 0.8 percent, but expects inflation to remain above target for another year.
The Bank of England has trimmed its growth forecast for the U.K. economy and warned that inflation will remain above target for another year - assuming the country isn't knocked off course by turmoil in the eurozone.
Russia's Central Bank chief has reported $42 billion in net capital outflow in the first four months of the year.
Russia saw $42 billion worth of net capital outflows in the first four months of the year but there are hopes in the markets that may ease and turnaround over the coming months as a new government is installed.
France's medium-term borrowing costs fell, while long-term rates rose slightly in a pair of bond auctions that raised €9 billion ($11.6 billion).
France raised €9 billion ($11.6 billion) in a successful pair of bond auctions Wednesday that also saw some of its long-term borrowing costs move up.
French energy company Total says a gas leak on a North Sea platform has been stopped after a 12-hour operation to pump heavy mud into a well.
French energy company Total says a gas leak on a North Sea platform has been stopped after a 12-hour operation to pump heavy mud into a well.
Danish shipper and oil group A.P. Moller-Maersk says first quarter earnings of 8.5 billion kroner ($1.5 billion) were unsatisfactory and the result of low rates in the container and tanker markets.
Danish shipper and oil group A.P. Moller-Maersk says first quarter earnings of 8.5 billion kroner ($1.5 billion) were unsatisfactory and the result of low rates in the container and tanker markets.
Bangladesh says a four-member commission will investigate 54 businesses linked to the pioneering microlender Grameen Bank.
Bangladesh has ordered a four-member commission to investigate 54 businesses linked to the pioneering microlender Grameen Bank founded by Nobel laureate Muhammad Yunus.
Airbus parent company EADS says its first quarter earnings were hammered by a hefty €158-million ($203-million) charge to fix problematic wing parts on its flagship A380 superjumbo.
Airbus parent company EADS said Wednesday its first quarter earnings were hammered by a hefty €158-million ($203-million) charge to fix problematic wing parts on its flagship A380 superjumbo.
World stock markets dropped Monday as worries intensified over the condition of the eurozone and whether Greece is edging towards leaving the single currency union.
Asian stocks dived Wednesday after a failure by Greece's political leaders to form a coalition government set the stage for new elections next month, keeping Europe's debt crisis center stage.
Greece's president is seeking to end a nine-day deadlock over forming a new government by meeting with five political party leaders.
Greece headed into a month of political uncertainty after power-sharing talks collapsed, triggering new elections that could determine whether the country retains its tenuous position in Europe's currency.
Warren Buffett's company has revealed a number of changes in its U.S. stock portfolio, including boosting its holdings in Wal-Mart and IBM and adding a new stake of 10 million General Motors shares.
Warren Buffett's company is apparently bullish on the U.S. auto industry.
J.C. Penney is reporting a bigger-than-expected loss and plummeting profits in the first quarter as many of its customers are rejecting a new bold pricing strategy that puts an end to rampant discounting in favor of everyday...
Turns out, J.C. Penney shoppers don't prefer predictable pricing over blockbuster bargains - at least not yet.
Prosecutors are announcing whether ex-News of the World editor and News International chief executive Rebekah Brooks will face charges over Britain's tabloid phone hacking scandal.
One of Rupert Murdoch's most trusted lieutenants and five people close to her were charged with conspiring to hide evidence of phone hacking, bringing the scandal that has raged across Britain's media and political...
The phrase "Can you hear me now" has entered the jet age.
The phrase "Can you hear me now" has entered the jet age.
French officials say that new President Francois Hollande's plane was hit by lightning en route to Berlin. They say no one was hurt but that the plane returned to Paris as a precaution.
Socialist Francois Hollande assumed France's presidency Tuesday, inheriting a country fearful for its financial future and jetting off immediately to Berlin to tackle his most pressing problem: Europe's debt crisis.
A panel of HIV specialists is recommending that U.S. regulators approve the first over-the-counter HIV test designed to quickly return a result in the privacy of a person's own home, a new option which could expand...
American consumers may soon be able to test themselves for the virus that causes AIDS in the privacy of their own homes, after a panel of experts on Tuesday recommended approval of the first rapid, over-the-counter HIV test.
Activist investor Ralph Whitworth says his firm has taken a $600 million stake in PepsiCo Inc., a move that could ramp up pressure on the company to make changes.
Activist investor Ralph Whitworth said Tuesday that his firm has taken a $600 million stake in PepsiCo Inc., a move that could ramp up pressure on the company to make changes.
NEW ACTIVITY: Activist investor Ralph Whitworth said his firm has taken a $600 million stake in PepsiCo Inc., a move that could put pressure on the company to make changes.
NEW ACTIVITY: Activist investor Ralph Whitworth said his firm took a $600 million stake in PepsiCo Inc., a move that could put pressure on the company to make changes.
Standard & Poor's is lowering Chesapeake Energy's credit rating even further and company shares are down more than 5 percent.
Standard & Poor's lowered Chesapeake Energy's credit rating Tuesday, questioning how quickly the company could remedy its financial woes.
The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that "should never have happened" and survived a push to strip him of the title of chairman of the board.
The CEO of JPMorgan Chase offered a quick but blunt apology to shareholders Tuesday for a $2 billion trading loss that "should never have happened" and survived a push to strip him of the title of chairman of the board.
Home Depot says its fiscal first-quarter profit climbed 27.5 percent as warmer weather brought consumers out for spring gardening and lawn products.
Home Depot said Tuesday that its first-quarter net income climbed nearly 28 percent as unseasonably warm winter and increased business from contractors and other professional customers boosted results at the world's...
French President Francois Hollande's decision to fly to Germany within hours of taking office Tuesday isn't just a sign of how deep Europe's troubles are - it underlines the deep alliance that the former...
German Chancellor Angela Merkel and French President Francois Hollande agreed Tuesday to spend the coming weeks discussing proposals for generating economic growth in Europe, a first step to bridging their differences over...
By The Associated Press Key barometers in the Treasury market late Tuesday, compared with late Monday. Price changes in the 10-year note and 30-year bond are per $100 invested:
By The Associated Press Key barometers in the Treasury market late Tuesday, compared with late Monday. Price changes in the 10-year note and 30-year bond are per $100 invested:
By The Associated Press OUTLOOK IMPROVES: Confidence among U.S. builders rose to the highest level in five years in May, a positive sign that slow improvement in the housing market may accelerate.
By The Associated Press OUTLOOK IMPROVES: Confidence among U.S. builders rose to the highest level in five years in May, a positive sign that slow improvement in the housing market may accelerate.
By The Associated Press THE NEWS: Shares of Avon Products Inc. closed down nearly 10 percent on Tuesday after the smaller beauty products maker Coty Inc. dropped its $10.7 billion takeover bid.
By The Associated Press THE NEWS: Shares of Avon Products Inc. closed down nearly 10 percent on Tuesday after the smaller beauty products maker Coty Inc. dropped its $10.7 billion takeover bid.
By The Associated Press LONG SLIDE: The Dow Jones industrial average fell 63 points Tuesday, continuing a slide that has shaved off nearly 5 percent of its value in two weeks. Since hitting a four-year...
By The Associated Press LONG SLIDE: The Dow Jones industrial average fell 63 points Tuesday, continuing a slide that has shaved off nearly 5 percent of its value in two weeks. Since hitting a four-year...
By The Associated Press U.S. Treasury debt prices are rising as Greece edges toward exiting the euro currency, spreading uncertainty through global markets.
By The Associated Press Treasury yields stayed near their lows for the year Tuesday as worries over Greece keep traders in the market for U.S. government bonds.
By The Associated Press Jamie Dimon only faced shareholders for 40 minutes, but he got an earful.
By The Associated Press Jamie Dimon only faced shareholders for 40 minutes, but he got an earful.
Avon shares are plunging in premarket trading after Coty dropped its $10.7 billion takeover bid for the cosmetics company.
Shares of Avon Products Inc. fell almost 10 percent Tuesday after the smaller beauty products maker Coty Inc. dropped its $10.7 billion takeover bid.
By The Associated Press RELIEF AT THE PUMP: Americans are seeing some relief from higher gas prices. Consumer prices were flat in April, largely because of lower gas costs.
By The Associated Press RELIEF AT THE PUMP: Americans are seeing some relief from higher gas prices. Consumer prices were flat in April, largely because of lower gas costs.
Confidence among U.S. builders rose to the highest level in five years, a hopeful sign that modest improvement in the housing market will pick up.
Confidence among U.S. builders rose to the highest level in five years in May, a hopeful sign that modest improvement in the housing market will pick up.
By The Associated Press Europe's latest political impasse cast a gloom over financial markets Tuesday. The euro plunged, and the Dow Jones industrial average extended a slide that has wiped out nearly...
By The Associated Press Europe's latest political impasse cast a gloom over financial markets Tuesday. The euro plunged, and the Dow Jones industrial average extended a slide that has wiped out nearly...
Stock futures are rising ahead of economic data focusing on consumers and businesses.
By DANIEL WAGNER AP Business Writer Europe's latest political impasse cast a gloom over financial markets Tuesday. The euro plunged, and the Dow Jones industrial average extended a slide that has wiped...
By The Associated Press RESTOCKING SLOWS: U.S. companies' inventories grew just 0.3 percent in March, the smallest gain since November.
By The Associated Press RESTOCKING SLOWS: U.S. companies' inventories grew just 0.3 percent in March, the smallest gain since November.
Greece will hold a new election in June after days of talks failed to resolve the country's political deadlock, party leaders said Tuesday.
Greece headed into a month of political uncertainty after power-sharing talks collapsed Tuesday, triggering new elections that could determine whether the country retains its tenuous position in Europe's currency.
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30.
By The Associated Press Wheat prices are climbing as crop conditions in parts of Kansas are deteriorating in dry weather.
By SANDY SHORE AP Business Writer Wheat prices rose Tuesday as crop condition in parts of Kansas deteriorated due to dry weather.
Ford Motor Co. says former Ford CEO Harold "Red" Poling has died.
Former Ford Motor Co. CEO Harold "Red" Poling has died. He was 86.
A senior lawmaker with Chancellor Angela Merkel's party said Tuesday that Germany is willing to discuss growth-promoting measures with France - so long as a European budget-discipline pact stands.
A senior lawmaker with Chancellor Angela Merkel's party said Tuesday that Germany is willing to discuss growth-promoting measures with France - so long as a European budget-discipline pact stands.
Key currency exchange rates Tuesday, compared with late Monday in New York:
Key currency exchange rates Tuesday, compared with late Monday in New York:
Spanish oil company Repsol said Tuesday it had made the first step in taking legal action against Argentina for nationalizing its energy firm YPF.
Spanish oil company Repsol said Tuesday it had made the first step in taking legal action against Argentina for nationalizing its energy firm YPF.
The euro fell to a four-month low against the dollar after Greek leaders failed to form a new government and said a new election will be held next month.
The euro fell to a four-month low against the dollar Tuesday after Greek leaders failed to form a new government and said a new election will be held next month.
By The Associated Press WHEAT GAINS: Wheat prices rose as crop conditions deteriorated in parts of Kansas because of dry weather. A new government report showed 52 percent of the Kansas crop was in...
By The Associated Press WHEAT GAINS: Wheat prices rose as crop conditions deteriorated in parts of Kansas because of dry weather. A new government report showed 52 percent of the Kansas crop was in...
Greece's finance ministry says it will pay back an outstanding €435 million ($558.67 million) bond that is held by investors who had rejected the country's debt writedown.
Greece's finance ministry says it will pay back an outstanding €435 million ($558.67 million) bond that is held by investors who had rejected the country's debt writedown.
European Union finance ministers agreed unanimously Tuesday to require banks to build higher defenses against future financial shocks in the hope of protecting taxpayers from paying for expensive bailouts.
European Union finance ministers agreed unanimously Tuesday to require banks to build higher defenses against future financial shocks in the hope of protecting taxpayers from paying for expensive bailouts.
Italian bank Intesa SanPaolo on Tuesday reported a 22 percent increase in first-quarter earnings due to higher trading profits and cost-cutting, and maintained its targets despite political and economic uncertainty in Europe.
Italian bank Intesa SanPaolo on Tuesday reported a 22 percent increase in first-quarter earnings due to higher trading profits and cost-cutting, and maintained its targets despite political and economic uncertainty in Europe.
Pharmaceutical wholesaler Cardinal Health Inc. says one of its Florida facilities will suspend shipments of controlled substances for two years under a settlement with federal authorities over alleged ineffective controls.
Pharmaceutical wholesaler Cardinal Health Inc. said Tuesday one of its Florida facilities will be barred from shipping controlled substances for two years under a settlement with federal authorities over alleged ineffective...
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