Only 1 Spanish Parador hotel to close instead of 7
01/04/2013 3:19am
Only one of Spain's luxury Parador hotels will close, instead of seven, as earlier planned, following negotiations between the parent company and labor unions.
HK traders use roof to dry thousands of shark fins
01/04/2013 3:36am
Shark fin traders in Hong Kong have laid out thousands of fins on rooftops in what appears to be a move to escape public scrutiny of their industry.
Chinese firms sign $11 billion deal in Cambodia
01/04/2013 4:25am
Two Chinese companies have signed an $11.2 billion deal to build a new railway, a port and a steel factory in Cambodia.
2 Romanian journalists sentenced for blackmail
01/04/2013 5:22am
A Romanian court has given two journalists suspended prison sentences after they were convicted of trying to blackmail politicians and businessmen over a three-year period.
Congress to vote on Superstorm Sandy flood aid
01/04/2013 5:40am
A $9.7 billion measure to pay flood insurance claims is set for a vote in Congress, boosting prospects for relief for the many home and business owners flooded out by Superstorm Sandy.
Actor Dempsey: Coffee chain bid appears successful
01/04/2013 5:41am
Actor Patrick Dempsey said it appears his bid to buy a small coffee chain has prevailed in a bankruptcy auction that included Starbucks Corp.
Mercedes-Benz enjoys record sales thanks to US
01/04/2013 6:30am
Daimler AG's luxury brand Mercedes saw record sales in 2012 after posting double digit gains in the United States.
PNC Bank taking steps to prevent cyber attacks
01/04/2013 7:32am
PNC Bank has warned customers its websites are getting hit with high traffic consistent with computer attacks.
Key events in the fall and rise of General Motors
01/04/2013 9:09am
A timeline of key events in the fall and revival of General Motors Co.
Tiny Chevy Sonic helped with GM comeback
01/04/2013 9:15am
The Chevrolet Sonic has come out of nowhere to become the top-selling subcompact in America.
IMF chief in Malawi to assess reforms
01/04/2013 9:44am
The chief of the International Monetary Fund visited Malawi on Friday in a show of support for the southern African nation's decision to pursue tough economic reforms despite widespread opposition to the measures.
Why November's US unemployment rate was revised up
01/04/2013 10:32am
Unlike most economic data from the U.S. government, the monthly unemployment rate isn't usually revised later. If, for example, the Labor Department says the rate was 7.7 percent in a particular month, that rate normally stays 7.7 percent.
News Summary: IMF chief in Malawi to assess reform
01/04/2013 10:40am
FOR REFORM: The chief of the International Monetary Fund visited Malawi on Friday in a show of support for the southern African nation's decision to pursue tough economic reforms despite widespread opposition to the measures.
It's 'cash only' now for tourists at the Vatican
01/04/2013 10:46am
It's "cash only" now for tourists at the Vatican wanting to pay for museum tickets, souvenirs and other services after Italy's central bank decided to block electronic payments, including credit cards, at the tiny city-state.
Why November's US unemployment rate was revised up
01/04/2013 12:00pm
Unlike most economic data from the U.S. government, the monthly unemployment rate isn't usually revised later. If, for example, the Labor Department says the rate was 7.7 percent in a particular month, that rate normally stays 7.7 percent.
Lawyer: No charges for ex-Berkshire Hathaway exec
01/04/2013 1:21pm
A former top Berkshire Hathaway executive who many investors expected to succeed Warren Buffett one day reportedly won't face any charges for questionable trades he made before resigning in 2011, his lawyer said.
Atlantic City hotel, union end bitter disupte
01/04/2013 1:30pm
One of the longest and most bitter labor disputes in Atlantic City, N.J. is over.
A look at the pros and cons of car sharing
01/04/2013 1:49pm
The ability to access a car quickly and give it back after a few hours is exploding in popularity among both college students and city dwellers.
News Summary: Tablet-tailored search engine debuts
01/04/2013 2:24pm
TAILORED FOR TABLETS: Izik is billed as the first search designed especially for iPads and tablet computers running on Google Inc.'s Android software. Free Izik apps for those devices were released Friday.
Tiny Chevrolet Sonic helps Detroit shake off rust
01/04/2013 2:45pm
When the word reached the Orion Assembly Plant, it spread along the serpentine assembly line like news of a death or natural disaster: General Motors, the biggest automaker in the world, had filed for bankruptcy protection.
Target ad campaign puts food in the spotlight
01/04/2013 3:07pm
Is Target's grocery aisle ready for its close up?
Iowa: Convicted exec owes $14.1M in taxes, fines
01/04/2013 4:15pm
Russ Wasendorf Sr. duped customers, regulators and his colleagues as he pulled off a 20-year, $100 million fraud at his Iowa-based brokerage. The state's tax collectors say he and his ex-wife also duped them, and that the former couple owes Iowa more than $14.1 million in unpaid taxes, interest and penalties.
Lilly 2013 profit forecast tops expectations
01/04/2013 4:24pm
Eli Lilly and Co. unveiled a better-than-expected 2013 earnings forecast Friday, in part because the pharmaceutical company expects growth from several established drugs to help make up for revenue lost to generic competition.
Caesars' eastern boss Rockin' Don stepping down
01/04/2013 5:07pm
A Caesars Entertainment casino executive known as Rockin' Don is stepping down after more than three years as president of the company's eastern division.
US agency sues JPMorgan over WaMu mortgage bonds
01/04/2013 5:47pm
Federal regulators have sued JPMorgan Chase & Co. over the sale of mortgage securities that contributed to the collapse of three credit unions.
Yates Petroleum settles allegations over royalties
01/04/2013 5:47pm
Prosecutors say Yates Petroleum Corp. has agreed to pay $416,000 to settle allegations that it may have underreported the royalties it owed for natural gas recovered from federal leases in Wyoming.
Bluefin tuna sells for record $1.76M in Tokyo
01/04/2013 9:07pm
A bluefin tuna sold for a record $1.76 million at a Tokyo auction Saturday, nearly three times the previous high set last year _ even as environmentalists warn that stocks of the majestic, speedy fish are being depleted worldwide amid strong demand for sushi.
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