UN says food prices drop again
01/10/2013 3:05am
A U.N. agency plays down fears of a looming world food crisis as international coordination and flagging demand have led to a drop in food prices for the third consecutive month in December.
Albania to cancel grid license amid power cuts
01/10/2013 3:52am
Albanian authorities say the license held by a Czech company to operate the country's electricity grid will be canceled by the end of the month after a dispute between the company and the government led to extensive mid-winter rolling blackouts.
Caspian Sea gas consortium to buy half of Nabucco
01/10/2013 9:14am
An international consortium developing a major natural gas field in the Caspian Sea has agreed in principle to acquire 50 percent of the company operating the Nabucco pipeline, a major project to bring gas to Europe.
News Summary: Hong Kong to limit info on companies
01/10/2013 9:41am
VESTED INTEREST? Hong Kong is proposing to restrict the amount of personal information available on company directors after investigative news reports used the data to help expose fortunes linked to Chinese leaders.
News Summary: Japan revs up economic stimulus
01/10/2013 9:44am
STIMULUS PLAN: Japan's ruling Liberal Democratic Party and its government were in the final stages of drafting fresh stimulus spending Thursday reportedly totaling more than 20 trillion yen ($227 billion), rushing to fulfill campaign pledges to break the world's third-biggest economy out of its deflationary slump.
General Motors to open tech center in Roswell, Ga.
01/10/2013 9:53am
Georgia Gov. Nathan Deal says General Motors will open an information technology center in suburban Atlanta.
News Summary: Theme parks CEO touts staycations
01/10/2013 9:54am
STAYCATION DREAMING: The chief executive of one of the country's largest amusement park companies said since the economic downturn has people staying closer to home, staycations have boosted business at the parks.
Supervalu to sell 5 supermarket chains to Cerberus
01/10/2013 10:02am
Supervalu Inc. is selling off five of its grocery chains, including Albertson's and Jewel-Osco, after years of being squeezed by intensifying competition.
Federal Reserve pays government $88.9 billion
01/10/2013 10:13am
The Federal Reserve paid the federal government a record $88.9 billion in 2012. The central bank earned the money from the Treasury bonds and mortgage-backed securities it has purchased to drive interest rates lower and boost the economy.
Hawaiian Air tops on-time rankings, American last
01/10/2013 10:35am
Rankings of the largest U.S. airlines for on-time arrivals in November:
South Africa: Farm workers' protests turn violent
01/10/2013 11:03am
South African farm workers on Thursday fought police during protests for higher wages, blocking a highway and only dispersing when security forces used rubber bullets, a water cannon and stun grenades against them.
Buffett: US banks won't cause problems for economy
01/10/2013 11:10am
Billionaire Warren Buffett says that American banks are stronger than they've been in years, and won't derail the economy.
Making health goals … with your boss?
01/10/2013 11:58am
According to Corporate Wellness Magazine, every $1 invested in employee wellness programs yields roughly $4 in savings through reduced sick days, higher productivity and decreased overall health costs. This adds up to big savings and can make a significant difference to employers who have seen health insurance premiums increase by 113 percent in the last decade.
BATS says it will look at compensating customers
01/10/2013 12:04pm
BATS Global Markets, the stock-exchange operator that likes to tout itself as tech-savvy, has another computer glitch on its hands.
Herbalife defends itself against Ackman's claims
01/10/2013 12:53pm
Herbalife came out swinging Thursday against claims made by hedge fund manager William Ackman that the business amounts to a pyramid scheme.
Banks prepare for earnings; mortgages cast a pall
01/10/2013 1:12pm
Legal troubles and regulatory scuffles keep piling up for the banking industry, a fact that's sure to drag down results when the banks start reporting fourth-quarter earnings beginning Friday.
Obama nominates Lew to lead Treasury
01/10/2013 1:43pm
President Barack Obama nominated White House chief of staff Jack Lew to be secretary of the Treasury Thursday, declaring his complete trust in an aide with three decades of Washington experience in economic policy and a penchant for shunning the limelight.
Burger King in China to serve Pepsi, not Coke
01/10/2013 2:41pm
Diners who go to a Burger King in China can now expect to be served Pepsi, rather than the Coke they get at the fast-food chain in the United States.
News Summary: Bank earnings begin, with overhang
01/10/2013 2:50pm
BY THE NUMBERS: The big banks are set to begin reporting their fourth-quarter earnings, starting with Wells Fargo on Friday. For most, analysts are predicting higher earnings.
Nissan to build Murano in Mississippi
01/10/2013 3:03pm
Nissan Motor Co. will assemble its Murano crossover vehicle in its Mississippi plant beginning in late 2014.
68 agencies win approval to raise private funds
01/10/2013 3:11pm
The government is giving housing agencies in 68 U.S. cities and counties approval to raise private funds for renovating and repairing aging public-housing buildings.
French taxi drivers' strike clogs roadways
01/10/2013 3:11pm
Taxi drivers across France clogged traffic, slowed access to airports and forced would-be passengers to find alternate transport as they held a strike Thursday over government deregulation proposals they fear will cut into their business.
Ford's souped-up dividend could lure new investors
01/10/2013 3:29pm
Ford may get a longer look from curious investors after rolling out a more muscular, souped-up dividend on Thursday.
FDA panel backs novel diabetes pill from J&J
01/10/2013 3:29pm
A panel of federal health experts ruled Thursday that an experimental diabetes drug from Johnson & Johnson is safe and effective, though lingering safety questions must be tracked over the long term.
Summary Box: FDA cuts Ambien dose over safety risk
01/10/2013 3:45pm
WAKEUP CALL: The Food and Drug Administration ordered makers of Ambien and related drugs to cut their dose in half to prevent morning sluggishness caused by the popular insomnia treatment.
Bond investors: Heed warnings about rise in rates
01/10/2013 4:01pm
Super-low interest rates will eventually rise, and when they do, bond investors could be stuck with losses.
Lawmakers release documents on Wal-Mart bribery
01/10/2013 4:12pm
Wal-Mart Stores Inc.'s CEO Mike Duke found out in 2005 that the retailer's Mexico unit was handing out bribes to local officials, according to emails obtained by lawmakers.
Chevron expects 4Q profit to beat 3Q
01/10/2013 4:50pm
Chevron Corp. expects fourth-quarter earnings to be "notably higher" than third-quarter profit.
American Express to cut 5,400 jobs
01/10/2013 6:19pm
American Express Co. said Thursday that it will slash about 5,400 jobs, mainly in its travel business, as it seeks to cut costs and transform its operations as more of its customers shift to online portals for booking travel plans and other needs.
Ford, others step up hiring to meet demand
01/10/2013 10:03pm
Ford says it plans to hire 2,200 engineers, computer programmers and other white-collar workers this year as U.S. demand for new vehicles picks up.
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