New Zealand mulls cutting mail delivery to 3 days
01/29/2013 1:32am
Snail mail may be about to get even slower in New Zealand. The country's postal service is considering cutting delivery from six days a week to three to cut costs as people increasingly turn to the Internet to pay bills and communicate.
Japan Cabinet OKs budget, hiking defense spending
01/29/2013 3:57am
Japan's Cabinet on Tuesday endorsed a record-high 92.6 trillion yen ($1.02 trillion) general budget for the coming fiscal year that would increase defense spending for the first time in 11 years and boost public works projects.
Fed likely to stick to low-rate message this week
01/29/2013 5:39am
When the Federal Reserve meets this week, it's likely to affirm a message it intends to help lift the economy: that consumers and businesses will be able to borrow cheaply well into the future _ even after unemployment has dropped sharply.
IMF tells Romania to push on with reforms
01/29/2013 5:46am
The International Monetary Fund has called on the Romanian government to implement deeper structural reforms and to apply for more European Union development funds to help economic growth.
Germany, Gates in $108M anti-hunger drive
01/29/2013 5:56am
The German government says it is collaborating with the Bill & Melinda Gates Foundation and businesses to invest some (EURO)80 million ($108 million) in projects to help alleviate hunger.
Tunisia beefs up security at desert oil sites
01/29/2013 6:59am
Tunisia is reinforcing the security around its oil and gas facilities in this North African country's southern deserts following an attack in Algeria, the state news agency reported.
6 police injured in fight with steel workers
01/29/2013 9:09am
Six Belgian police officers were injured in Tuesday's scuffles with some 2,000 steel workers protesting plans to lay off 1,300 workers at several ArcelorMittal plants in Liege.
News Summary: Wash. vows to keep weed in state
01/29/2013 9:18am
SMOKESCREEN: Washington Gov. Jay Inslee insists there are ways to prevent bulk smuggling of the state's newest cash crop _ Marijuana _ including digitally tracking it to ensure it goes to the stores where it is sold.
Bulgaria government to let nuclear plant plan drop
01/29/2013 9:49am
Bulgarian Prime Minister Boiko Borisov says his party will stand by its decision not to build a new nuclear power plant after turnout in a voter referendum backing it was too low to be valid.
News Summary: Japan Cabinet OKs budget
01/29/2013 9:51am
YEN TO SPEND: Japan's Cabinet endorsed a record 92.6 trillion yen ($1.02 trillion) budget for the coming fiscal year that would increase defense spending for the first time in 11 years and boost public works.
Report: States force jobless to pay needless fees
01/29/2013 10:09am
Jobless Americans are paying millions in unnecessary fees to collect unemployment benefits because of state policies encouraging them to get the money through bank-issued payment cards, according to a new report from a consumer group.
News Summary: Lombardy plays kingmaker in Italy
01/29/2013 10:31am
AS LOMBARDY GOES: The Italian region of Lombardy looms large over the upcoming election. With more Senate seats than any other region, its vote will have an outsized impact because no party will be able to rule without Senate control.
Search is on for golden cookie stolen in Germany
01/29/2013 11:25am
Missing: One golden cookie, weighing around 44 pounds (20 kilograms).
LaHood Leaves, another vacancy in Obama Cabinet
01/29/2013 11:37am
Transportation Secretary Ray LaHood, who lifted the profile of distracted driving as a national safety concern, is stepping down, presenting President Barack Obama with another Cabinet vacancy at the start of his second term.
Sunday Times apologizes 'unreservedly' for cartoon
01/29/2013 1:33pm
The acting editor of Rupert Murdoch's Sunday Times newspaper apologized "unreservedly" on Tuesday for a cartoon depicting Israeli leader Benjamin Netanyahu building a wall using blood-red mortar that sparked outrage in the Jewish community.
Humble nickel from 1913 likely to fetch millions
01/29/2013 1:40pm
A humble 5-cent coin with a storied past is headed to auction and bidding is expected to top $2 million a century after it was mysteriously minted.
Kennedy Center plans 1st expansion since opening
01/29/2013 2:31pm
The Kennedy Center for the Performing Arts is planning its first major expansion since it opened in 1971 as a "living memorial" to President John F. Kennedy, with new features including pavilions to house rehearsal halls and classrooms, a memorial garden and a floating stage on the Potomac River.
Wanxiang says panel approves A123 sale
01/29/2013 2:52pm
Chinese auto parts conglomerate Wanxiang Group Corp. said Tuesday that a federal panel has approved its purchase of most assets of failed battery maker A123 Systems Inc.
Glance: 5 teasers to watch before the Super Bowl
01/29/2013 3:02pm
At least 15 advertisers are expected to launch teasers for their ads running during Super Bowl XLVII. The goal is to create interest for ads without spilling the beans on the Game Day spot. Here are 5 teaser ads to seek out online before the game on Sunday:
Italian bank official: Nationalization is possible
01/29/2013 3:05pm
The chairman of embattled Italian bank Monte dei Paschi says nationalizing the world's oldest running bank remains "potentially" possible _ but emphasized managers' commitment to avoid that outcome.
Volkswagen Super Bowl ad stirs controversy online
01/29/2013 3:05pm
The first pregame Super Bowl ad controversy of the year has arrived.
News Summary: Israel central bank chief to leave
01/29/2013 3:17pm
CASHING OUT: The governor of Israel's central bank, Stanley Fischer, will step down June 30. His departure comes two years before the end of his second five-year term. The Bank of Israel gave no explanation for his departure.
Chesapeake's embattled CEO McClendon to retire
01/29/2013 3:36pm
Embattled Chesapeake Energy Corp. founder and CEO Aubrey McClendon will retire on April 1.
Boston Scientific plans job cuts, 4Q tops St. view
01/29/2013 4:08pm
Boston Scientific is cutting up to 1,000 more jobs as it deals with a new medical device tax from the U.S. health care overhaul, limited growth prospects in certain markets and pressure to cut prices on its products in other countries.
Philips loss widens in Q4; sheds division
01/29/2013 4:31pm
Royal Philips Electronics NV Tuesday said it will sell the entertainment division which contains many of the consumer products for which it is best known, such as audio and video equipment, to Funai Electric Co., Ltd., of Japan for (EURO)150 million ($202 million) plus licensing fees.
Chesapeake's embattled CEO McClendon to retire
01/29/2013 4:43pm
Aubrey McClendon, the brash and embattled CEO of Chesapeake Energy Corp., will leave the company he founded 24 years ago amid philosophical differences with the company's new board of directors.
News Summary: Amazon posts lower 4Q net income
01/29/2013 4:45pm
PROFIT DOWN: Amazon's fourth-quarter net income fell 45 percent, as sharply higher revenue failed to keep pace with more spending on order fulfillment, digital content and other investments.
News Summary: Philips to sell division, loss grows
01/29/2013 4:57pm
POWER SWITCH: Electronics maker Royal Philips Electronics NV is selling the division that contains many of its well-known consumer products, such as audio and video equipment, to Japan's Funai Electric Co. for about $202 million, plus licensing fees.
Taiwan cuts pensions to avoid fiscal problems
01/29/2013 9:53pm
Taiwan President Ma Ying-jeou has announced a wide-ranging pension reform plan, cutting payouts to government retirees of between 75 and 80 percent of their salaries from the current level of 90 to 100 percent.
Watchdog says taxpayers may lose $27B in bailout
01/29/2013 10:03pm
A government watchdog says U.S. taxpayers stand to lose $27 billion from the 2008 financial bailout, up from an estimate of $22 billion made in the fall.
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