UN sees slowing growth in worker wages
12/07/2012 4:37am
The U.N. labor office says workers' wages are growing at levels well below those before the global financial crisis, and actually fell in developed countries last year.
Russia threatens to respond tit-for-tat to US bill
12/07/2012 6:55am
Moscow has strongly criticized U.S. legislation that calls for sanctions against Russian officials accused of human rights abuses and warned that it will respond in kind. A leading anti-corruption crusader, however, hailed the bill as "pro-Russian."
Ford recalls Fusion to fix faulty headlights
12/07/2012 1:44pm
Ford is recalling about 19,000 brand-new Fusion midsize cars to fix defective headlights.
Taco Bell's menu a bright spot for Yum analysts
12/07/2012 1:50pm
KFC and Pizza Hut may face some challenges amid the economic slowdown in China, but Taco Bell's changing menu in the U.S. is giving Wall Street some reason for optimism about Yum Brands Inc.
Mercedes delivers new popemobile to Vatican
12/07/2012 1:51pm
German automaker Daimler says it has delivered Pope Benedict XVI his new popemobile _ a customized Mercedes-Benz M-Class SUV with special security features.
India's parliament permits foreign retailers entry
12/07/2012 1:52pm
India's parliament on Friday approved the government's plans to open up the country's massive retail sector to international big-box companies such as Wal-Mart.
Draghi supports Hungary's embattled central bank
12/07/2012 1:52pm
European Central Bank President Mario Draghi on Friday defended his Hungarian counterpart against the government's efforts to limit his independence and authority over monetary policy.
Russia fumes at US bill as "reset" plan takes hit
12/07/2012 1:55pm
What happened to the "reset"?
Gazprom starts building Europe-bound pipeline
12/07/2012 1:57pm
After years of delays and negotiations, Russian gas company Gazprom on Friday formally started construction of its (EURO)16 billion ($20.65 billion) Europe-bound South Stream pipeline, key to its strategy of strengthening its supply to its most important export market.
Fiat cutting about 1,500 jobs at Polish factory
12/07/2012 1:59pm
The Italian carmaker Fiat says it plans to cut about 1,500 jobs at a factory in Poland due to falling demand for cars on the European market.
Italy tax police check Facebook's books
12/07/2012 2:02pm
Italian tax police have visited Facebook's Milan offices to check the books of the social networking site, part of the country's crackdown on tax evasion that has targeted Google's Italian operations as well.
News Summary: SodaStream makes a Super Bowl bet
12/07/2012 2:03pm
SUPER BET: An Israeli maker of home soda machines hopes to make a splash in the U.S. soft drink market through a global advertising campaign it will launch during Super Bowl XLVII.
Black boxes in cars raise privacy concerns
12/07/2012 2:03pm
Many motorists don't know it, but it's likely that every time they get behind the wheel, there's a snitch along for the ride.
Spain's luxury Parador hotels hit by 2-day strike
12/07/2012 2:03pm
Employees at Spain's luxury Parador hotels, which are set in some of the country's most picturesque castles, monasteries and palaces, began a two-day strike on Friday to protest job cuts and possible closures.
Belarus decrees forced employment for some jobs
12/07/2012 2:03pm
Belarus' authoritarian President Alexander Lukashenko has signed a decree that bans some industrial workers from leaving their jobs, threatening them with draconian fines if they do.
Israeli beverage maker takes on soda super-giants
12/07/2012 2:04pm
An Israeli maker of home soda machines hopes to make a splash in the U.S. soft drink market through a global advertising campaign it will launch during Super Bowl XLVII.
News Summary: Dhaka factory lost fire certificate
12/07/2012 2:04pm
LOST CERTIFICATION: The factory where 112 garment workers died in a fire should have been shut down months ago. The fire department refused to renew the certification it needed to operate, a top fire official told The Associated Press.
News Summary: Black boxes in cars raise concerns
12/07/2012 2:04pm
ROAD WORRIERS: The National Highway Traffic Safety Administration is expected to propose long-delayed regulations requiring auto manufacturers to include event data recorders _ better known as "black boxes" _ in all new cars and light trucks.
News Summary: Elephants help produce pricey coffee
12/07/2012 2:04pm
CAFFEINE HIGH: A herd of 20 elephants in the lush hills of northern Thailand is helping to excrete some of the world's most expensive coffee, costing some $50 per serving.
Critic questions way coal firms build slurry ponds
12/07/2012 2:04pm
With a driver and his bulldozer missing in a thick, dark lake of coal slurry, a mine safety expert and critic of the coal industry says regulators are ignoring stricter construction standards that could prevent more failures at hundreds of similar dam-like structures around the country.
Higher rates or fewer tax breaks _ what's worse?
12/07/2012 2:05pm
In the fiscal cliff wars, a pivotal battle is raging between Democrats demanding to raise revenue by boosting tax rates on the nation's highest earners and Republicans insisting on eliminating deductions and other tax breaks instead. Which is better for the economy? Analysts say it depends.
Electrical failure shuts Hungary's main airport
12/07/2012 2:05pm
Hungary's Budapest Airport has been shut down due to electrical problems in the control tower.
AIG in talks to sell bulk of ILFC to Chinese group
12/07/2012 2:06pm
AIG says it is in talks with a Chinese investor group to sell a controlling stake in its jet leasing business.
CFTC fines Goldman $1.5M in case of ex-trader
12/07/2012 2:06pm
Goldman Sachs & Co. is paying $1.5 million to settle civil charges that it failed to properly supervise a former trader who cost the firm more than $118 million.
News Summary: Pilots at American approve contract
12/07/2012 2:35pm
CLEARED FOR TAKEOFF: Pilots at American Airlines voted by a margin of 3-to-1 to ratify a new contract that includes pay raises, reversing course from August, when they rejected a similar deal.
Probe of Big Lots CEO's trades roil shares
12/07/2012 2:41pm
Shares of Big Lots Inc. have slumped nearly 10 percent over the past three days after news that federal officials are investigating stock trades by its CEO.
Washington Post to pay dividend early
12/07/2012 2:53pm
The Washington Post Co. will pay its 2013 dividends before the end of this year to try to spare investors from anticipated tax increases.
AIG expects $1.3B in losses related to hurricane
12/07/2012 3:54pm
AIG estimates it will take $1.3 billion in losses related to Superstorm Sandy, more than other major insurance companies have reported so far.
FDA panel opposes pure hydrocodone painkiller
12/07/2012 4:11pm
Government health experts overwhelmingly voted against a stronger version of hydrocodone on Friday, questioning the need for a new form of one of most widely abused prescription painkillers.
IBM shifts 401(k) policy to once-a-year matches
12/07/2012 4:22pm
IBM is making changes to its employee benefits that may cause other large corporations to follow suit. The technology company will begin making contributions to employees' 401(k) accounts in lump-sum annual payments, rather than at the time of each paycheck. It's a move that will help the company cut retirement plan expenses.
US job gains defy Sandy and fears of fiscal cliff
12/07/2012 5:39pm
It takes more than a superstorm to derail the U.S. job market.
Pilots approve new contract with American Airlines
12/07/2012 5:48pm
American Airlines is closer to exiting from bankruptcy and possibly merging with US Airways after its pilots approved a new labor contract.
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