Honda announces plans to cut 800 jobs
01/11/2013 3:10am
Japanese automaker Honda says it will cut about one in four jobs at its UK factory as it struggles with low demand in Europe.
Apple CEO: China will be biggest market
01/11/2013 4:36am
Apple expects China to overtake the United States as its biggest market, CEO Tim Cook told a Chinese government news agency.
China auto sales accelerate in December
01/11/2013 4:45am
China's auto sales rose 7.1 percent in 2012 after growth accelerated in December as an economic recovery began to gain traction, an industry group reported Friday.
Skoda Auto reports record sales in 2012
01/11/2013 4:53am
Czech carmaker Skoda Auto AS says its unit sales rose by 6.8 percent in 2012 to reach a record high.
Greek gold mine savior to some, curse to others
01/11/2013 5:41am
Barbed wire cuts across woodland patrolled by dozens of private security guards. Burly and stony-faced, they demand identity cards from anyone trying to pass through, and order cameras to be put away.
New Japan PM: China's island dispute moves 'wrong'
01/11/2013 8:14am
Reaffirming his hawkish stance on China, Prime Minister Shinzo Abe said Friday that Japan will not negotiate with Beijing over a contested cluster of uninhabited islands and that China was "wrong" for allowing violent protests over the territorial dispute.
FAA to review of Boeing 787, but calls plane safe
01/11/2013 8:47am
The Federal Aviation Administration is conducting a comprehensive review of the design, manufacture and assembly of the Boeing 787, even while government officials declared the plane safe despite recent incidents including a fire and a fuel leak earlier this week.
Merck warns docs to stop prescribing Tredaptive
01/11/2013 9:05am
Drugmaker Merck & Co. is suspending its sale of the cholesterol drug Tredaptive after initial results from a study showed that it wasn't effective and could raise the risk of some serious side effects.
News summary: Best Buy shares up on holiday sales
01/11/2013 10:24am
MORE BUY: Shares of Best Buy Co. jumped 12 percent on Friday after the electronics chain showed signs of starting to reverse declining sales during the critical holiday selling season, a better-than-expected result.
News Summary: Greek gold mine savior or curse?
01/11/2013 11:05am
LODE OF CONTROVERSY: Supporters of a new mining project say it will create jobs and pour hundreds of millions into the local economy, as Greece struggles with a devastating financial crisis. Opponents argue it will pollute, wipe out forests and drive tourists away from a region of striking natural beauty.
News Summary: China Dec. auto sales accelerate
01/11/2013 11:15am
NICE RIDE: China's auto sales rose 7.1 percent in 2012 after growth accelerated in December and an economic recovery began to gain traction.
News Summary: EU police unit tackling cybercrime
01/11/2013 11:43am
CYBERCOPS: The European Union's police coordination agency opened a new cybercrime unit, the European Cybercrime Centre, to combat online offenses from banking fraud to peddling images of child sex abuse.
Economy, year-end sales help auto industry in 2012
01/11/2013 12:09pm
A steadily improving economy and strong December sales lifted the American auto industry to its best performance in five years in 2012, especially for Volkswagen and Japanese-brand vehicles, and experts say the next year should be even better.
Why car sales are strong in the US
01/11/2013 12:13pm
It's not quite boom times for the U.S. auto industry. But it's getting there.
Why Boeing's dream plane is causing headaches
01/11/2013 12:15pm
Boeing's 787 Dreamliner had a nightmare of a week, capped off Friday with a decision by the Federal Aviation Administration to review everything from the design to manufacturing of the new airplane.
Slovenia's prime minister accused of corruption
01/11/2013 12:16pm
About 10,000 protesters joined the chief of Slovenia's anti-corruption watchdog on Friday in urging the country's prime minister and opposition leader to resign after an official report accused them of graft.
Tiny Chevrolet Sonic helps Detroit shake off rust
01/11/2013 12:18pm
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.
UK camera chain Jessops shuts, shedding 1,370 jobs
01/11/2013 12:36pm
Bankruptcy administrators for Jessops, the struggling British camera retail chain, said Friday the company is shutting down because it is no longer viable.
News Summary: Wells Fargo kicks off bank earnings
01/11/2013 12:54pm
KICKING OFF EARNINGS: Wells Fargo reported fourth-quarter earnings Friday, the first of the U.S. megabanks to do so. Profits shot to a record, up 25 percent from a year ago. Revenue climbed 7 percent.
On The Call: Wells Fargo CFO Tim Sloan
01/11/2013 1:35pm
The "fiscal cliff" has been blamed for hurting a lot of businesses. But it also had a surprising result for one bank _ it helped boost lending.
Rating agency sours on Illinois' financial outlook
01/11/2013 1:58pm
A major credit rating agency has soured on the economic forecast for Illinois after another failed attempt this week to rectify the $96 billion pension system deficit.
Recalls this week: Infant sleepers, ATVs
01/11/2013 2:17pm
About 800,000 Fisher-Price infant recliner seats were recalled this week because they are prone to gather mold when they remain wet or are not frequently cleaned. Other recalls include several types of all-terrain and off-road vehicles.
Taco Bell testing '$1 Cravings' value menu
01/11/2013 2:33pm
Taco Bell is testing a new value menu that could put it in more direct competition with the Dollar Menu at McDonald's.
Fiscal cliff deal fuels surge into stock funds
01/11/2013 3:50pm
The so-called "fiscal cliff" agreement that averted steep tax increases apparently helped boost investor confidence: The flow of cash into stock mutual funds during the first week of 2013 was the largest in more than 11 years.
Best Buy shares jump on holiday results
01/11/2013 4:07pm
Shares of Best Buy Co. jumped on Friday after the electronics chain showed signs of starting to reverse declining sales during the critical holiday selling season, a better-than-expected result.
News Summary: Can Europe climb through slump?
01/11/2013 4:17pm
REMEMBER GREECE? The big worry a year ago was that Greece would collapse under its debts and roil Europe's financial markets. But the world's most dangerous bond market turned out to be one of the world's best bets last year. Many of Europe's markets surged.
French unions, employers reach deal on labor rules
01/11/2013 5:14pm
French unions and business leaders agreed Friday to loosen up some labor protections after months of negotiations seen as key to reviving the country's economy.
Hostess to sell Wonder bread to maker of Tastykake
01/11/2013 6:56pm
Hostess has found a new home for its most popular breads, including the iconic Wonder bread.
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