Akzo Nobel sells US house paints arm for $1.05B
12/14/2012 1:19am
Akzo Nobel NV, the biggest maker of paints and coatings by sales, says it has agreed to sell its U.S. home paints arm for $1.05 billion ((EURO)800 million) to PPG Industries Inc.
Volkswagen Group reports record sales
12/14/2012 4:24am
Volkswagen AG says group sales through the first 11 months of 2012 have already surpassed last year's record full-year result as deliveries outside western Europe more than offset declines in the debt-troubled region.
Survey shows China's manufacturing improving
12/14/2012 5:07am
China's manufacturing activity rose to a 14-month high in December, adding to signs the world's second-largest economy is recovering, but export orders weakened, a survey showed Friday.
Japan survey shows business sentiment darkening
12/14/2012 5:22am
Japanese manufacturers are growing increasingly pessimistic, according to a survey released Friday that added to gloom over the economic outlook ahead of Sunday's parliamentary election.
ECB: Crisis eases, "no room for complacency"
12/14/2012 6:08am
European Central Bank officials say there is "no room for complacency" even though stresses from the debt crisis have eased on banks and financial markets.
GE raises dividend, expands share buyback plan
12/14/2012 9:12am
Industrial conglomerate General Electric is raising its quarterly dividend by 12 percent while extending and expanding its share repurchase plan.
Schlumberger: Drilling slowdown, prices hit 4Q
12/14/2012 9:24am
Schlumberger Ltd. said Friday that drilling slowdowns and price cuts will hurt its fourth-quarter earnings, and investors responded by driving shares down more than 4 percent.
Silver Bay Realty Trust flat in market debut
12/14/2012 9:34am
Silver Bay Realty Trust Corp. shares are nearly flat Friday in their market debut after the company raised $245.1 million in its initial public offering of stock.
News Summary: Best Buy gives Schulze bid extension
12/14/2012 9:52am
THE NEWS: Best Buy shares fell on Friday after the struggling electronics retailer said it extended the window for co-founder Richard Schulze to make a buyout bid until after the holiday season.
News Summary: Italian debt tops 2 trillion euros
12/14/2012 10:18am
BIG DEBT: Italian public debt has swelled to its highest ever level, reaching (EURO)2.014 trillion ($2.64 trillion) in October, the Bank of Italy said Friday.
News Summary: Gas shortage in Pakistan
12/14/2012 10:24am
TRYING TO BE TANKFUL: 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.
News Summary: ECB says 'no room for complacency'
12/14/2012 10:36am
STAY ALERT: European Central Bank officials say there is "no room for complacency" even though debt stress on banks and financial markets has eased.
Southwest to charge customers who don't show up
12/14/2012 12:07pm
Southwest Airlines Co. will start charging a no-show fee for passengers who fail to cancel tickets before their flights.
A look at the busiest holiday shopping days
12/14/2012 1:29pm
After a promising start to the holiday shopping season over the four-day Thanksgiving weekend, sales have slowed as worries about weak U.S. job growth and other concerns have Americans spending less. Overall, holiday sales are up 2.2 percent to $659 billion from Nov. 1 through last Saturday, according to an analysis of sales data done for The Associated Press by ShopperTrak, a Chicago-based firm that tracks spending at 40,000 stores across the country. These are the top 10 days that ShopperTrak expects to be the busiest this year in terms of sales.
FDA approves new drug for inhaled anthrax
12/14/2012 2:21pm
Federal health officials say they approved a new injectable drug from Human Genome Sciences to treat inhalable anthrax.
Fed proposing rules for foreign banks' US units
12/14/2012 2:35pm
The Federal Reserve is proposing that large foreign banks keep a bigger financial cushion against unexpected losses for their U.S. affiliates.
News Summary: Gasoline dropping to year low
12/14/2012 2:58pm
FILL `ER UP: By Monday, gasoline prices should drop under the current low for the year of $3.28 a gallon seen on Jan. 1. That's just in time for what's expected to be the business holiday travel season since 2006.
Discovery to buy Nordic TV networks for $1.7B
12/14/2012 3:21pm
The parent company of the Discovery Channel said Friday that it is buying 12 TV networks in Norway, Sweden, Denmark and Finland in a deal worth about $1.7 billion.
Ford talking to EPA about hybrids' fuel economy
12/14/2012 3:25pm
Ford said Friday that it's talking to the government about the fuel economy of its hybrid cars after a report suggested they're falling short of targets.
Pressure on as Southern Co. builds nuclear plant
12/14/2012 3:25pm
The utility that is building the first in a new generation of nuclear power plants in Georgia has been saying all along that the project is on time and on budget. Now that message is changing.
Holiday shoppers may see big discounts soon
12/14/2012 4:37pm
If shoppers don't show up in stores soon, more "70 percent off" sale signs will.
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