Unpopular HK leader tries to soothe housing anger
01/16/2013 2:42am
Hong Kong's unpopular Beijing-backed leader said he'll make it a priority to solve the city's housing crisis, trying to soothe widespread discontent in his first major policy address since taking office.
Mitsubishi invests $770m in German offshore wind
01/16/2013 2:59am
Japan's Mitsubishi is investing (EURO)576 million ($770 million) in developing German offshore wind farms.
ER visits tied to energy drinks double since 2007
01/16/2013 4:45am
A new government survey suggests the number of people seeking emergency treatment after consuming energy drinks has doubled nationwide during the past four years, the same period in which the supercharged drink industry has surged in popularity in convenience stores, bars and on college campuses.
Israeli company: Anti-missile system passes tests
01/16/2013 6:57am
An Israeli defense technology company says it has successfully tested an anti-missile system designed to protect commercial passenger jets.
Europe toughens rating agency regulation
01/16/2013 7:31am
The European Parliament has approved tougher regulation on credit rating agencies by making country ratings more transparent and introducing limited liability.
Myanmar seeks partners to free up telecoms sector
01/16/2013 8:30am
Myanmar's government has taken a fresh step toward liberalizing its state-dominated telecommunications sector by publishing a notice Wednesday inviting investment proposals from local and foreign companies for nationwide telecommunications services, including telephone and Internet connectivity.
European leaders headlining annual forum in Davos
01/16/2013 8:40am
Promoting measures to get the global economy out of its crisis mode will be the focal point of next week's annual gathering of world leaders and power brokers in the Swiss ski resort of Davos, organizers said Wednesday.
Peugeot workers occupy plant slated to be sold
01/16/2013 8:44am
Hundreds of Peugeot Citroen workers occupied a French factory scheduled to be sold off, largely shutting down production on Wednesday in a protest against planned layoffs at the struggling automaker.
Juncker to meet Dijsselbloem before euro meeting
01/16/2013 9:29am
The outgoing leader of the group of finance ministers from the 17 European Union countries that use the euro is meeting with Jeroen Dijsselbloem on Friday, another indication the Dutch finance minister will take the post next week.
News Summary: Goldman, Morgan Stanley paying $557M
01/16/2013 10:09am
SETTLING FORECLOSURE COMPLAINTS: Goldman Sachs and Morgan Stanley will pay a combined $557 million to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.
US exec says Honda should keep gains, grow in 2013
01/16/2013 10:36am
Last year was Honda's comeback year.
American Airlines expected to unveil new look
01/16/2013 10:41am
American Airlines is attempting a financial makeover in bankruptcy court and it's likely to roll out a new look for its airplanes as well this month.
News Summary: AMR swings to 4Q profit of $262M
01/16/2013 10:57am
AMERICAN TURNAROUND: American Airlines parent AMR Corp. reported fourth-quarter net income of $262 million, bouncing back from a loss of $1.1 billion a year ago.
UK watchdog fines Playboy for 2 pornographic sites
01/16/2013 11:00am
Britain's media watchdog has fined Playboy 100,000 pounds ($160,000) for failing to protect children from accessing two of its U.K.-based pornographic websites.
Opinion: 2013 economic outlook similar to 2012
01/16/2013 11:26am
At the start of a new year, there is a sense of new beginning. However, when it comes to the economy, 2013 will be similar to 2012 in many ways. Depending on how you look at it, another year like 2012 is good or bad news.
News Summary: US consumer prices flat last month
01/16/2013 12:30pm
PRICES TAME: A measure of U.S. consumer prices was unchanged in December, the Labor Department said. Food prices rose 0.2 percent last month, while gas costs fell 2.3 percent. Core prices, which exclude volatile food and gas, ticked up 0.1 percent.
News Summary: Goldman Sachs earnings surge
01/16/2013 12:34pm
GOOD OLD DAYS: Goldman Sachs went some way to restoring its reputation as a Wall Street powerhouse after reporting that earnings almost tripled in the fourth quarter.
How the Fed compiles the Beige Book, at a glance
01/16/2013 12:40pm
Eight times a year, the Federal Reserve issues the Beige Book, a snapshot of business conditions in each of the Fed's 12 regional bank districts. The findings are all anecdotal; there are no numbers. The Beige Book is updated two weeks before each meeting of the Fed's policymaking meeting in Washington.
Bikes share space with cars at Detroit auto show
01/16/2013 12:41pm
Transportation of the two-wheeled variety is sharing the floor at the Detroit auto show with the latest cars, trucks and concept vehicles, a nod to the potential marketing boost that bikes may offer for automakers.
World sea piracy falls to five-year low in 2012
01/16/2013 1:31pm
World sea piracy fell to its lowest level in five years in 2012, thanks to a huge reduction in Somali piracy, an international maritime watchdog said Wednesday.
Germany to bring home gold stored in US, France
01/16/2013 2:36pm
In what sounds like the setup for a stylish Hollywood heist movie, Germany is transferring nearly 700 tons of gold bars worth $36 billion from Paris and New York to its vaults in Frankfurt.
News Summary: JPMorgan's reports profit jump
01/16/2013 2:47pm
MAMMOTH PROFITS: JPMorgan Chase said Wednesday it earned $5.3 billion in net income for common shareholders in the fourth quarter, up 55 percent over a year ago and almost certainly securing its position as the most profitable U.S. bank of 2012.
United tries again to raise airfares
01/16/2013 2:58pm
United Airlines is trying again to raise prices after a similar move failed earlier this month.
News Summary: Japanese airlines ground 787s
01/16/2013 3:03pm
MORE BUMPS: There have been two emergencies in two weeks involving batteries on Boeing Co. 787s. Japan's two big airlines, which fly a combined 24 787s, grounded their 787 fleets on Wednesday for safety checks.
CBS converting advertising unit to REIT
01/16/2013 3:24pm
CBS Corp. said Wednesday that it is converting its U.S. outdoor advertising business to a real estate investment trust and selling the international portion of the business. Investors applauded the move and shares jumped in after-hours trading.
News Summary: Surge of rare disease drugs in tests
01/16/2013 4:21pm
NEW HOPE: Drugmakers have been shifting much of their research money away from pills for the millions to rare, often-deadly diseases with few or no treatment options. Nearly 30 million Americans have one of the 7,000 rare disorders.
US auto industry exuberant heading into 2013
01/16/2013 6:35pm
Maybe it was the brand new, bright red Chevrolet Corvette gleaming in one corner, or the elegant BMW coupe in the other. Maybe it was just the free-flowing espresso at nearly every stand. But car companies were positively giddy this week as the North American International Auto Show opened in Detroit.
Feds finalize protections for mortgage borrowers
01/16/2013 10:02pm
The government's consumer lending watchdog finalized new rules Thursday aimed at protecting homeowners from shoddy service and unexpected fees charged by companies that collect their monthly mortgage payments.
Air India halts flights of Boeing 787 aircraft
01/16/2013 11:19pm
The Indian government ordered Air India to ground its fleet of six Boeing 787 aircraft Thursday after the jets were forced to halt flights in Japan and the U.S. because of safety concerns.
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