Standard Chartered expects $330m US fines
12/06/2012 2:31am
Standard Chartered bank says it expects to pay $330 million in fines to U.S. agencies to settle charges of violating sanctions against Iran.
UN: world food prices drop
12/06/2012 2:56am
A United Nations agency says prices of basic foods fell by 1.5 percent last month, with the international prices of all commodities except dairy products dropping.
AP Exclusive: Japan scientists took utility money
12/06/2012 5:52am
Influential Japanese scientists who help set national radiation exposure limits have for years had trips paid for by the country's nuclear plant operators to attend overseas meetings of the world's top academic group on radiation safety.
Apple to produce line of Macs in the US next year
12/06/2012 6:48am
Apple CEO Tim Cook says the company will produce one of its existing lines of Mac computers in the United States next year.
ECB President Mario Draghi's speech
12/06/2012 7:08am
Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today's meeting of the Governing Council, which was also attended by the Commission Vice-President, Mister Rehn.
Top EU officials set out program for more unity
12/06/2012 7:17am
Four top European Union officials on Thursday set out a blueprint for a closer financial union in a move that will clash with some member states' cherished national interests.
Bulgaria: President vetoes citizenship bill
12/06/2012 8:50am
Bulgaria's president has vetoed a bill that would offer citizenship to foreigners ready to invest at least $650,000 in the Balkan country's struggling economy.
Sandy brings economic booms, busts to Northeast
12/06/2012 9:02am
On a storm-battered stretch of Connecticut's shoreline, landscaping crews use heavy equipment to repair damage from Superstorm Sandy, racking up overtime pay at a time of year when many are typically looking for part-time jobs to carry them through the winter.
Starbucks promises to pay more UK tax
12/06/2012 9:11am
Starbucks bowed to mounting pressure over its tax affairs in Britain and revealed Thursday that it would pay about 10 million pounds ($16 million) in each of the next two years.
Survey: Small biz owners cautious in the summer
12/06/2012 9:27am
A survey of small business owners shows they remained cautious during the summer about borrowing money.
US unemployment aid applications drop to 370K
12/06/2012 9:34am
The number of people seeking U.S. unemployment aid fell sharply last week as a temporary spike caused by Superstorm Sandy has faded. Weekly applications have fallen back to a level consistent with modest hiring.
Dutch call off search for 6 missing crewmen
12/06/2012 10:17am
Rescuers called off search efforts for six missing crewmen Thursday from a cargo ship that sank in the North Sea after a collision with another vessel. The presumed death toll is 11 _ taking into account the missing and five bodies found so far.
French court orders Sipa text agency closed
12/06/2012 10:50am
A French court on Thursday ordered the liquidation of the text service of the Sipa news agency and placed its photo service in bankruptcy protection.
News Summary: Middle East warms to solar energy
12/06/2012 11:40am
IN THE SHADOWS: With its vast deserts and long stretches of sunny days, the Middle East would seem to be an ideal place to harness solar energy. But until now, the region has largely shunned solar because it has cost about three times more than heavily-subsidized fossil fuels.
Delta orders up to 70 Bombardier regional jets
12/06/2012 12:29pm
Delta Air Lines is ordering up to 70 regional jets from Bombardier as part of a major shift in the planes it uses for hauling passengers around the U.S.
7 retirement planning myths debunked
12/06/2012 12:46pm
No matter how many years you are from calling it quits, it's essential to have some kind of plan in mind for financing retirement.
News Summary: Retirement planning myths punctured
12/06/2012 12:49pm
MYTHS ABOUND: It's easy to get fooled by some of the many myths about retirement planning, often passed along unwittingly by well-meaning family or friends. Taking bad tips for granted could cost you.
GOP senators press Obama official on FHA losses
12/06/2012 1:38pm
Republican senators are pressing the U.S. government's housing official to take steps to shore up the federal agency that insures mortgages for millions of borrowers. An audit shows the agency faces $16.3 billion in losses and might require a taxpayer bailout.
News Summary: Apple to produce some Macs in the US
12/06/2012 1:41pm
AMERICAN APPLE: CEO Tim Cook says Apple Inc. will produce one of its existing lines of Mac computers in the United States next year.
Chrysler guarantees minivan headlight switches
12/06/2012 1:45pm
THE VEHICLE: About 623,000 Dodge Caravan and Chrysler Town and Country minivans in the U.S. from the 2005 and early 2006 model years.
News summary: Small biz still uneasy about loans
12/06/2012 1:59pm
RISKY BUSINESS: A survey of small businesses by Pepperdine University and Dun & Bradstreet Credibility Corp. finds that companies were as reluctant to take out loans in the third quarter as they were in the first quarter.
Wells Fargo boss: 'I never set out to be the CEO'
12/06/2012 2:15pm
John Stumpf, 59, the CEO of Wells Fargo, is the son of a farmer, second-oldest in a family of 11 kids. He paid for state college by playing bass guitar in a band.
Yum Brands taking KFC to China's smaller cities
12/06/2012 2:20pm
The owner of KFC and Pizza Hut is taking its fast-food menus to the lesser-known regions of China, with plans to set up shop in smaller cities throughout the key market.
Wells Fargo boss talks bank fees, economy, taxes
12/06/2012 2:33pm
John Stumpf is a survivor.
Netflix shares rise on optimism about Disney deal
12/06/2012 2:42pm
Netflix this week may have found in Disney the happiest place on earth. Shares have been on a magical ride since Tuesday when the company announced a deal that puts some Disney staples in its library immediately, and will allow Netflix to show the studio's movies shortly after they leave theaters in several years.
McAfee denied asylum; expected in Belize
12/06/2012 2:46pm
Software company founder John McAfee was hospitalized Thursday after being denied political asylum in Guatemala and his lawyers said they were making a last-ditch effort to keep him from being flown back to Belize for questioning about the killing of a fellow American expatriate.
News Summary: Sandy weakens small biz hiring
12/06/2012 3:53pm
SWAMPED BY SANDY: The National Federation of Independent Business says a survey of its members shows that Superstorm Sandy made small businesses even more reluctant to take on new workers in November.
News Summary: EU officials mull even greater unity
12/06/2012 3:56pm
GETTING COZY: Four top European Union officials unveiled a report calling for a closer financial union that will clash with some member states' cherished national interests.
Charles Schwab: Housing recovery to boost economy
12/06/2012 4:04pm
The housing market is recovering from its collapse to such an extent that it will be one of the key drivers of the economy next year, and could add as much as 1 percentage point to growth, says Liz Ann Sonders, chief investment strategist at Charles Schwab & Co. Inc.
Netflix gets SEC notice over CEO's Facebook post
12/06/2012 4:25pm
Netflix says it is facing scrutiny from government regulators over a Facebook post made by CEO Reed Hastings in July.
News Summary: Better housing to aid stocks: Schwab
12/06/2012 4:28pm
FROM BUST TO BETTER: The housing market that collapsed five years ago is slowly on the mend. That will help underpin job growth, consumer spending, and the whole economy in 2013, says Charles Schwab & Co.'s Chief Investment Strategist, Liz Ann Sonders.
Developing Asian economies seen slowing
12/06/2012 8:39pm
The Asian Development Bank says growth in developing Asia will slow slightly this year and next.
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