UK gov't gives approval to resume fracking
12/13/2012 4:42am
Britain's government has given the go-ahead to resume fracking _ the controversial practice of drilling for gas trapped in shale _ in the U.K..
Top central banks extend dollar credit lines
12/13/2012 7:12am
Top central banks are extending their arrangements to swap dollars and other currencies to make sure banks have the money they need.
Cathay crew threaten no smiles, booze on flights
12/13/2012 8:00am
Flight attendants at Hong Kong airline Cathay Pacific Airways are threatening to withhold food, alcohol and even smiles from passengers during the Christmas holidays over a pay dispute, a union official said Thursday.
OPEC not concerned about US pickup in oil output
12/13/2012 8:16am
OPEC does not see increased U.S. oil output as a threat to its interests but is skeptical about current forecasts on the boom of American shale oil production, a senior official of the 12-nation cartel said Thursday.
News Summary: Dispute spurs doubt for China stocks
12/13/2012 9:31am
STOCK SPAT: A mounting dispute between Washington and Beijing over access to records of Chinese companies with U.S.-traded shares might force major corporate names such as oil giant PetroChina and search engine Baidu to withdraw from American stock exchanges.
News Summary: US airlines to lead recovery
12/13/2012 9:34am
FLYING HIGHER: U.S. airlines will lead a recovery in the global sector's profits next year, mainly thanks to cost cuts and restructuring taken to address weak economic growth, the industry's trade group said.
How Pinterest is selling pet insurance and suggestive coffee creamer
12/13/2012 9:44am
Most company websites with a strong visual sales component find Pinterest a good fit for business, but with a little ingenuity, any type of business can find success.
Christmas, New Year's travel busiest in 6 years
12/13/2012 9:54am
This Christmas travel season could be the busiest in six years, with AAA predicting that 93.3 million Americans will hit the road. That's 1.6 percent more than last year and just 400,000 people shy of the 2006 record.
SolarCity shares surge in market debut
12/13/2012 10:04am
Shares of rooftop solar installer SolarCity surged Thursday in their market debut after the offer priced well below its original expectations.
Glance: A look at the EU's key decisions in 2012
12/13/2012 10:12am
In a whirlwind of decision-making, ministers from the European Union's 27 countries agreed Thursday on the foundation of a fully-fledged banking union and approved billions of euros in bailout loans for Greece that will prevent it from going bankrupt. Both decisions are vital in bringing calm to crisis-hit Europe and strengthening the region against any further financial shocks.
News Summary: Senate eyes cyberstalking software
12/13/2012 10:14am
ON THE RADAR: A Senate Committee was expected to approve legislation to close a loophole that allows cyberstalking apps to operate secretly on a cellphone and transmit the user's location.
Top central banks extend dollar-lending program
12/13/2012 10:23am
Major central banks acted Thursday to try to shore up confidence in the global financial system by extending a program that makes it easier for banks to borrow U.S. dollars.
Financial crisis explained to Queen Elizabeth II
12/13/2012 10:31am
In 2008, Queen Elizabeth II asked academics why no one saw the financial crisis coming. On Thursday, she finally got an answer.
US gov't department to pilot BlackBerry 10
12/13/2012 10:42am
Canada's Research In Motion says the U.S. Immigration and Customs Enforcement agency will launch a pilot program with its smartphones using its new operating system BlackBerry 10, likely in January.
German real estate booms as people seek security
12/13/2012 11:09am
Buying a home in Berlin is widely viewed as one of the safest investments a German, or any European, can make.
Encana, PetroChina enter into exploration deal
12/13/2012 11:15am
Encana Corp. and a subsidiary of China's state-owned PetroChina have entered into a joint venture agreement to explore and develop shale natural gas in Alberta.
S&P puts UK's AAA rating on negative watch
12/13/2012 11:26am
The Standard & Poor's rating agency has put Britain's AAA long-term credit rating on negative watch because of fears that economic growth over the next two years could be weaker than forecast.
News Summary: German real estate booms
12/13/2012 12:16pm
BUYING BOOM: Home prices in Germany's largest cities are booming. Building permits and home ownership rates are climbing fast. And the percentage of foreigners snapping up second homes in Germany is on the rise.
FDA review of tobacco products grinds to a halt
12/13/2012 12:20pm
Talk about a smoke break.
News Summary: Software founder McAfee back in US
12/13/2012 12:35pm
HOME FOR THE HOLIDAYS: Anti-virus software founder John McAfee arrived in Miami Wednesday night after being deported from Guatemala.
News Summary: Sprint buying the rest of Clearwire
12/13/2012 2:33pm
ALL IN: Sprint Nextel is offering to buy 49 percent of Clearwire, a wireless network operator, for $2.1 billion. It already owns the rest.
News Summary: US business stockpiles rose 0.4 pct.
12/13/2012 2:39pm
STOCKPILES RISE: U.S. businesses stockpiles grew 0.4 percent in October from September, the Commerce Department said. But sales fell 0.7 percent.
News Summary: GM gives big pickups a makeover
12/13/2012 2:45pm
GM PICKUPS: General Motors unveiled new versions of its full-size pickups Thursday. The 2014 Chevrolet Silverado and GMC Sierra go on sale as early as this spring. It's the trucks' first major revamp since 2007, and should help GM compete with newer trucks from Ford and Chrysler.
News Summary: Google Maps reconnects with iPhone
12/13/2012 2:49pm
RETURN TRIP: A Google Map app for the iPhone was released Wednesday, much to the relief of people frustrated with the navigation system that Apple Inc. built into the latest version of the mobile operating system that came out nearly three months ago. The Apple maps that replaced Google's technology misplaced landmarks and gave bad directions.
GM gives its big pickups a much-needed makeover
12/13/2012 2:55pm
General Motors is giving its big pickups a much-needed makeover.
News Summary: Yahoo reshuffles board again
12/13/2012 3:05pm
CHANGING OF THE BOARD: Yahoo Inc. named PayPal co-founder Max Levchin as a director Thursday and ushered out board members Intuit Inc. CEO Brad Smith and Weather Channel CEO David Kenny.
Ex-Wells Fargo banker charged with insider trading
12/13/2012 3:16pm
Federal prosecutors say a former Wells Fargo Securities investment banker, his stockbroker friend, and a network of friends and family cashed in on insider information to make $11 million.
6 top ETF trends of 2012, and the outlook for '13
12/13/2012 3:29pm
Exchange-traded funds remain relative upstarts compared with mutual funds. But they're leading the race for investors' assets, on Main Street as well as Wall Street.
Fiscal cliff splits big, small businesses on taxes
12/13/2012 3:39pm
The "fiscal cliff" debate is splitting the business community over taxes, driving a wedge between two natural Republican allies.
News Summary: Top ETF fund trends of 2012
12/13/2012 3:47pm
ASSET GROWTH: It's been another big year for exchange-traded funds. ETFs attracted more than $150 billion in net deposits through November. ETF assets have more than doubled over the past three years, reaching $1.3 trillion.
Dispute raises doubt for China stocks in US market
12/13/2012 8:38pm
A mounting dispute between Washington and Beijing over access to records of Chinese companies with U.S.-traded shares might force major corporate names such as oil giant PetroChina and search engine Baidu to withdraw from American stock exchanges.
Unification Church quits auto venture with NKorea
12/13/2012 10:47pm
An automaker owned by South Korea's Unification Church says it's quitting its joint venture with North Korea.
Gas shortage exposes Pakistan's energy crisis
12/13/2012 11:30pm
It has become a familiar sight across Pakistan in recent weeks: Long lines of cars and minibuses snaking for hundreds of yards as their frustrated drivers wait to fill up their tanks with natural gas.
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