In crisis, Greeks turn to wood-burning _ and choke
01/24/2013 1:40am
Fireplaces were long a status symbol for Greece's up-and-coming middle class, like the second car and the flat-screen TV. Now, they are increasingly their owners' only defense against the encroaching winter cold.
Myanmar ex-telecoms minister faces graft probe
01/24/2013 2:10am
Myanmar's recently retired telecommunications minister and former and current employees from his ministry are under investigation for alleged corruption, an official familiar with the case said Thursday.
Commerzbank to cut up to 6,000 jobs
01/24/2013 2:20am
Germany's second-biggest bank, Commerzbank AG, says it plan to cut as many as 6,000 jobs over the next three years as it tries to reduce costs.
American to use Republic Airways for some flights
01/24/2013 4:58am
American Airlines says it will use Republic Airways Holdings Inc. to operate regional flights using 76-seat planes.
Toyota, BMW working on new battery technology
01/24/2013 5:23am
Toyota Motor Corp. and BMW Group are working together on next-generation batteries for green vehicles called "lithium-air" as their collaboration, first announced in late 2011, moves ahead in fuel cells, sports vehicles and other fields.
Cameron: UK will focus on tax avoidance at G-8
01/24/2013 6:30am
British Prime Minister David Cameron said Thursday he will use his country's year-long presidency of the G-8 to target tax-dodging tactics by businesses.
Slovenian PM to stay on despite coalition breakup
01/24/2013 7:46am
Slovenia's embattled prime minister refused to step down Thursday despite the breakup of his ruling coalition, saying an election now would hurt the small European Union nation that is struggling to avoid an international bailout.
Why Geithner's Treasury leadership proved divisive
01/24/2013 8:46am
President Barack Obama has saluted the outgoing Timothy Geithner as one of the best U.S. Treasury secretaries ever. He's surely been among the most contentious.
AP Interview: Cameron wants UK to remain in EU
01/24/2013 9:15am
British Prime Minister David Cameron shrugged off the possibility that his country may vote to leave the European Union, and argued Thursday that his vision of a changed Europe on Britain's terms is eminently achievable.
Correction: SmallBiz-Sandy Grants
01/24/2013 9:31am
In a story Jan. 23 about grants to small business hurt by Superstorm Sandy, The Associated Press reported erroneously that the Downtown Alliance, a nonprofit group, contributed to $5.5 million in grants announced in November. The Mayor's Fund to Advance New York City and the Partnership for New York City actually contributed to that pool of grant money. The Downtown Alliance gave out grants separately.
Montepaschi seeks to calm investors over trades
01/24/2013 9:32am
Italian bank Monte dei Paschi di Siena sought Thursday to calm investors over a trading scandal that has caused the share price to slump and caused much finger-pointing ahead of general elections next month.
Southwest's 4Q profit slips on higher costs
01/24/2013 10:44am
Southwest Airlines Co. says fourth-quarter earnings fell by nearly half on higher spending for fuel, labor and maintenance.
News Summary: Measure of future growth up
01/24/2013 10:44am
ECONOMY IMPROVES: The Conference Board's index of leading indicators increased in December from November 0.5 percent, suggesting economic growth may strengthen in early 2013.
Russian plane crash caused by equipment failure
01/24/2013 10:55am
Investigators say equipment failure caused a Russian airliner to crash in Moscow last month, killing five people.
United Airlines to cut 600 jobs
01/24/2013 11:21am
United Airlines is cutting about 600 jobs as it aims to keep costs in line with reductions in flying.
News Summary: Pope weighs in on social networks
01/24/2013 11:49am
REAL, NOT VIRTUAL: Pope Benedict XVI put church leaders on notice Thursday, saying social networking sites like Facebook and Twitter aren't a virtual world they can ignore, but rather a very real world they must engage if they want to spread the faith to the next generation.
News Summary: Greeks turn to wood-burning
01/24/2013 12:11pm
FUELING CONTROVERSY: A steep increase in heating costs has led many Greeks to switch from heating oil to wood-burning. Illegal loggers are slashing through forests already devastated by years of wildfires. Air pollution is choking the country's main cities.
UK judge rejects Barclays' LIBOR anonymity bid
01/24/2013 12:37pm
A British court has rejected an attempt by Barclays to shield the names of more than 100 present and former employees of the bank allegedly involved in manipulating a key interest rate index or who for other reasons came to the attention of investigators.
McDonald's fish to carry 'sustainable' labeling
01/24/2013 12:42pm
McDonald's says it will be the first national restaurant chain to carry a label from a group that certifies sustainable fishing practices.
News Summary: Nokia halts dividend as sales shrink
01/24/2013 1:23pm
SALES SLUMP: Nokia Corp. managed a $270 million profit in the fourth quarter, but revenue fell 20 percent as it failed to make gains in the fiercely competitive smartphone market.
News Summary: Cameron slams Europe as a 'country'
01/24/2013 1:36pm
NO "U.S. of E": British Prime Minister David Cameron is dismissing the idea of a United States of Europe, stating that Britain would not be part of an effort to "shoehorn countries into a centralized political union."
As layoffs keep dropping, hopes rise for job gains
01/24/2013 2:17pm
Employers are laying off fewer workers, a trend that normally suggests hiring is picking up. The January jobs report next week will show whether employers have begun to hire more freely or are still waiting for the economy to strengthen.
Cameron: I don't want a country called Europe
01/24/2013 2:22pm
British Prime Minister David Cameron wants nothing to do with a United States of Europe, an idea that's gaining currency as the countries that use the euro struggle to fix their debt crisis.
Mary Jo White, named as SEC chairman, at a glance
01/24/2013 2:49pm
NAME: MARY JO WHITE
Play Cupid without breaking the bank
01/24/2013 3:49pm
With Valentine's Day less than three weeks away, it's time to start planning what you want to buy your loved ones. Whether it's chocolates, flowers or something else special, a big expression of love doesn't have to come with a big price tag.
News Summary: Uncertainty eases, lifting stocks
01/24/2013 4:17pm
FAST START: Stocks are up 5 percent this year, and there a signs that investors are finally getting comfortable with the market. The Standard & Poor's 500 index on Thursday climbed above 1,500 points for the first time in more than five years.
US Airways flight attendants to vote on contract
01/24/2013 4:31pm
US Airways flight attendants will soon vote on a contract that could increase their pay and put them in a better position for any future mergers.
Soros: Euro "here to stay," denounces austerity
01/24/2013 5:16pm
Investor and philanthropist George Soros said Thursday the "euro is here to stay" but warned that complacency about the future of the 17-country currency is misplaced because its fundamental problems have not been fixed.
Source: Morgan Stanley CEO will get a pay cut
01/24/2013 5:19pm
Morgan Stanley CEO James Gorman will get a pay cut for 2012.
Pinnacle Airlines is leaving Memphis for Minnesota
01/24/2013 5:44pm
Pinnacle Airlines plans to move its headquarters and a few hundred jobs to Minneapolis from Memphis, Tenn.
Spanish daily halts edition with fake Chavez photo
01/24/2013 7:49pm
The leading Spanish newspaper El Pais withdrew and reprinted its Thursday edition after discovering that its front-page exclusive photograph supposedly showing ailing Venezuelan President Hugo Chavez being treated in Cuba was a fake.
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