Income disparity, debt lead risk list
01/08/2013 5:06am
The widening income gap between the rich and poor and burgeoning government deficits are the risks most likely to have a global impact over the next decade, according to experts surveyed by the World Economic Forum.
Mobile phone ads with Lenin spark anger in Poland
01/08/2013 7:12am
Vladimir Lenin is not considered funny in Poland.
Jeep Grand Cherokee cleared in fire probe
01/08/2013 7:24am
A U.S. safety agency has cleared the 2012 Jeep Grand Cherokee after an investigation into possible engine fires.
Target unveils year-round online price match
01/08/2013 9:11am
Target Corp. is pledging to match prices of select online rivals year-round, a move that underscores how physical and online retailing are being meshed together.
TeliaSonera denies charges of Uzbekistan bribery
01/08/2013 9:25am
The Nordic telecommunications company TeliaSonera says two of its employees deny allegations of bribery and money laundering while launching operations in Uzbekistan several years ago despite fresh evidence from Swedish prosecutors.
News Summary: Unemployment risks new Europe divide
01/08/2013 9:47am
JOBLESS SPLIT: The EU warned that record unemployment and fraying social welfare systems in southern Europe risk creating a new divide in the continent, as data showed joblessness across the eurozone hit a new high.
Summary Box: Monsanto profit balloons in 1Q
01/08/2013 9:48am
SOUTHERN SALES: Monsanto reported that its profit nearly tripled in its first fiscal quarter due to expanded business in Latin America.
News Summary: Microwave keeps bread mold at bay
01/08/2013 9:52am
BEST THING SINCE SLICED BREAD: MicroZap say it has developed technology that allows bread to stay mold-free for 60 days, eliminating the need for preservatives and reducing food waste.
Fewer business travelers to hit the road in 2013
01/08/2013 10:02am
Fewer business travelers are likely to hit the road this year as the travel industry is challenged by corporate America's persistent economic fears.
Swiss court wipes slate clean on ancient farm debt
01/08/2013 10:57am
A Swiss court has wiped out an annual debt that farmers have had to pay the Catholic Church to atone for a crime 655 years ago.
News Summary: Lampert takes over as Sears CEO
01/08/2013 11:43am
CORNER OFFICE: Sears Holdings Corp. announced late Monday that chairman and hedge fund billionaire Edward Lampert will take over the role of CEO. He succeeds Louis D'Ambrosio, who is leaving February because of family health matters.
AP names Schreck as bureau chief in Iraq
01/08/2013 11:59am
Adam Schreck, who has covered the economic and political forces reshaping the Middle East since 2008, has been named as Iraq bureau chief for The Associated Press.
News Summary: Samsung posts record-high 4Q profit
01/08/2013 12:20pm
MOBILE MANIA: Samsung Electronics Co. expects record profit in the fourth quarter on strong demand for its Galaxy smartphones and tablets.
NEWS SUMMARY: Chevy adopts new global ad campaign
01/08/2013 1:30pm
NEW TURN: General Motors' Chevrolet brand is dropping its "Chevy Runs Deep" campaign and replacing it with the tagline "Find New Roads," saying that it's better geared toward overseas customers.
Former McDonald's CEO Fred Turner dies at 80
01/08/2013 1:43pm
A former McDonald's CEO who helped expand the fast-food chain's global footprint and spearheaded the creation of "Hamburger University" died Monday night after suffering complications from pneumonia, the company said. He was 80 years old.
Lampert faces tough road as Sears CEO
01/08/2013 2:20pm
Shares of Sears Holdings Corp. fell Tuesday, a day after the retailer announced that chairman and hedge fund billionaire Edward Lampert will take over the role of CEO.
FDA staff: J&J diabetes drug may pose heart risk
01/08/2013 2:41pm
Johnson & Johnson's experimental diabetes drug might bring minor heart risks because it raised cholesterol levels in patient testing, according to federal drug reviewers.
Iran's medical crisis deepens as economy sputters
01/08/2013 2:50pm
For the first time in more than a decade, the black market pharmaceutical peddlers are back on Nasser Khosrow Street near Tehran's main bazaar.
News Summary: Alcoa posts 4Q profit, revenue gain
01/08/2013 3:08pm
ALUMINUM PROFIT: Alcoa Inc. reported fourth-quarter net income of $242 million, or 21 cents per share, helped by one-time gains such as the sale of a hydroelectric project. Without those items it earned 6 cents per share, in line with Wall Street forecasts.
News Summary: US consumer debt up in November
01/08/2013 3:35pm
INDEBTED: U.S. consumers took on more debt in November to buy cars and go to school. They stayed cautious in their use of credit cards.
News Summary: Momentum building for airline merger
01/08/2013 4:36pm
WING MEN: The board of American Airlines parent AMR Corp. will meet to consider whether the company should merge with US Airways or remain independent, but a decision is unlikely this week.
Chevy adopts new global ad campaign
01/08/2013 5:09pm
Chevrolet is dropping its "Chevy Runs Deep" slogan and replacing it with the new tagline "Find New Roads," saying that it's better geared toward drivers outside the U.S.
UK officials charge 8 in $55M bank corruption case
01/08/2013 8:14pm
Prosecutors say that eight people have been charged in connection with a roughly 35 million pound ($55 million) corruption case involving what was once one of Britain's biggest banking groups.
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