US satellite lost in failed launch from Pacific
02/01/2013 2:44am
Sea Launch AG says a U.S. communications satellite was lost after a booster rocket carrying it into space failed shortly after its launch from a floating platform in the Pacific.
US satellite lost in failed launch from Pacific
02/01/2013 2:47am
Sea Launch AG says a U.S. communications satellite was lost after a booster rocket carrying it into space failed shortly after its launch from a floating platform in the Pacific.
HK clamps down on cross-border baby formula trade
02/01/2013 2:55am
Hong Kong plans to restrict the amount of baby formula that people can take out of the city as anger grows at mainland Chinese traders buying up formula for resale back home.
Chinese automaker Geely buys maker of London cabs
02/01/2013 4:02am
The Chinese automaker that owns Sweden's Volvo Cars said Friday it has acquired the British manufacturer of the distinctive London cab.
Chinese automaker Geely buys maker of London cabs
02/01/2013 4:02am
The Chinese automaker that owns Sweden's Volvo Cars said Friday it has acquired the British manufacturer of the distinctive London cab.
HSBC gets OK to sell $9.4B stake in Ping An
02/01/2013 4:07am
HSBC says it has received approval from Chinese regulators for the sale of its $9.4 billion stake in Ping An Insurance to a Thai conglomerate.
Panasonic, Sharp expect red ink despite yen help
02/01/2013 4:15am
Japanese electronics makers Panasonic Corp. and Sharp Corp. both stuck to full year forecasts for massive losses even as results for the latest quarter got a boost from the weaker yen.
MetLife to spend $2 billion on pension business
02/01/2013 4:37am
MetLife says it will pay about $2 billion to buy the largest private pension fund administrator in Chile, as the insurer and annuity provider seeks to build its presence in emerging markets.
Daimler buys stake in Chinese automaker BAIC Motor
02/01/2013 4:51am
German luxury automaker Daimler AG said Friday it is buying a stake in the passenger car unit of its main Chinese partner to expand its presence in the world's biggest auto market.
TeliaSonera boss quits over Uzbekistan allegations
02/01/2013 4:51am
The chief executive of TeliaSonera resigned Friday after an independent review on alleged bribery by the telecoms company found it had failed to conduct a proper background check on a partner Uzbek firm believed to be connected with the family of the country's autocratic ruler.
MetLife to spend $2 billion on pension business
02/01/2013 5:11am
MetLife Inc. plans to pay about $2 billion to buy the largest private pension fund administrator in Chile, as the insurer and annuity provider seeks to build its presence in emerging markets.
Refining margins boost 4Q profit at Exxon Mobil
02/01/2013 6:27am
Exxon says fourth-quarter earnings rose 6 percent to $9.95 billion with help from higher profit margins in its refining business.
Money fund disclosures not just about need to know
02/01/2013 7:00am
The more informed you are, the better. Yet there's so much information about mutual funds available, from performance data to legal disclosures, that it's understandable to wonder what you really need to know.
Algerian army to deploy around energy sites
02/01/2013 7:01am
Algerian soldiers will start protecting sensitive hydrocarbon sites and electrical plants in this energy-rich country, officials told journalists touring a gas complex where a recent standoff between militants and the army left dozens of foreign hostages dead.
Dutch state nationalizes SNS Reaal bank
02/01/2013 8:17am
The Netherlands nationalized its fourth-largest bank on Friday, injecting (EURO)2.2 billion ($3 billion) to recapitalize SNS Reaal NV and head off any chance of a messy collapse that would threaten the country's fragile economy and financial system.
KaloBios Pharma edges higher following IPO
02/01/2013 8:24am
Shares of respiratory drug maker KaloBios Pharmaceuticals are inching higher on the first day of trading.
KaloBios Pharma edges higher following IPO
02/01/2013 8:25am
Shares of respiratory drug maker KaloBios Pharmaceuticals are inching higher on the first day of trading.
Myanmar aims to leave least-developed status
02/01/2013 9:26am
Myanmar's reformist president said Friday that his country's recent clearing of billions of dollars of foreign debt is its first step toward ending its least-developed nation status.
HK clamps down on cross-border baby formula trade
02/01/2013 10:00am
Hong Kong announced measures Friday to curb the amount of baby formula that mainland Chinese visitors are buying as anger grows at shortages in the city's stores ahead of the Lunar New Year holiday.
News Summary: 32 die in Mexico blast
02/01/2013 10:12am
GRIM SEARCH: Rescuers searched for survivors after an office building blast killed 32 people and injured 121 at the headquarters of Mexico's state-owned oil company, Petroleos Mexicanos, Pemex.
News Summary: 32 die in Mexico blast
02/01/2013 10:12am
GRIM SEARCH: Rescuers searched for survivors after an office building blast killed 32 people and injured 121 at the headquarters of Mexico's state-owned oil company, Petroleos Mexicanos, Pemex.
Denmark school sentenced for fatal boat accident
02/01/2013 10:29am
A Danish boarding school has been fined 250,000 kroner ($45,500) and its principal given a suspended 60-day prison sentence for a tragic rowing trip for teenagers in which a teacher drowned.
Denmark school sentenced for fatal boat accident
02/01/2013 10:29am
A Danish boarding school has been fined 250,000 kroner ($45,500) and its principal given a suspended 60-day prison sentence for a tragic rowing trip for teenagers in which a teacher drowned.
US gains 157K jobs; jobless rate rises to 7.9 pct.
02/01/2013 11:06am
The U.S. job market is proving sturdier than expected at a time when the economy is under pressure from Washington gridlock and the threat of government spending cuts.
Germany warns euro crisis not over
02/01/2013 11:16am
Europe's efforts to solve its debt troubles won a vote of confidence Friday from the chairman of China's sovereign wealth fund, but Germany's finance minister told an international conference that the continent can't afford to become complacent.
US firm raises stake in Itay's UniCredit
02/01/2013 11:24am
U.S. investment firm Blackrock has increased its stake in Italian bank UniCredit to become its second-largest shareholder.
News Summary: Scandal-hit Barclays nixes CEO bonus
02/01/2013 11:29am
NO PAYOUT: The chief executive of Britain's Barclays bank is giving up his 2012 bonus amid a string of scandals over market-fixing and other financial malfeasance.
Kraft suing Cracker Barrel restaurants over name
02/01/2013 11:34am
Kraft Foods is suing Cracker Barrel Old Country Store over the restaurant chain's plans to use the "Cracker Barrel" name on packaged ham, bacon and other foods.
Google to set up $82M fund for French publishers
02/01/2013 2:32pm
Google will help French news organizations increase their online advertising revenue and also set up a (EURO)60 million ($82 million) fund to finance digital publishing innovation, settling a dispute over whether the Internet giant should pay to display news content in its search results.
BBVA Compass: online banking 'system issues' fixed
02/01/2013 2:37pm
BBVA Compass says it has resolved online banking problems that left many its customers unable to access funds in their bank accounts or recurring deposits such as payroll and Social Security checks for several hours.
US construction hiring jumps as housing rebounds
02/01/2013 2:40pm
During last year's housing recovery a question loomed: Where are all the construction jobs?
Detroit, Toyota see big US sales gains in January
02/01/2013 2:41pm
American consumers ignored tax increases and trudged through winter weather to buy new cars and trucks at an unusually strong pace last month. It was the auto industry's best January since 2008.
News summary: Chevron profit soars on asset swap
02/01/2013 2:47pm
ENERGETIC EARNINGS: Chevron Corp. posted a 41 percent rise in net income for the fourth quarter. The company's refinery operations improved over last year as input costs fell while prices it fetched for the fuels it produced rose.
Correction: Pfizer-Antidepressant Suit story
02/01/2013 3:26pm
In a story Jan. 31 about Pfizer Inc.'s litigation over the antidepressant Zoloft, The Associated Press reported erroneously that Dr. Norman Sussman is a New York University psychiatry professor. He is a professor at NYU School of Medicine.
News Summary: Pfizer animal health unit IPO soars
02/01/2013 3:30pm
GOOD START: Drugmaker Pfizer's initial public stock offering of its animal health business, Zoetis, raised $2.2 billion, the largest IPO by a U.S. company since Facebook Inc. raised $16 billion last May. Shares jumped 19 percent from their initial $26 price, closing at $31.01.
Milestones in the Dow Jones industrial average
02/01/2013 3:40pm
The Dow Jones industrial average has blown through 1,000-point milestones since hitting a 12-year low of 6,547 on March 9, 2009. Here are the dates of those milestones and the time between each.
Massive cargo ship rescued in Suez Canal
02/01/2013 3:55pm
An Egyptian official says one of the world's largest container ships had a malfunction while in the Suez Canal and began taking on water, forcing authorities to remove it from the traffic lane because it was in danger of sinking.
News Summary: Netherlands nationalizes SNS Reaal
02/01/2013 4:13pm
DEFUSING THE THREAT: The Netherlands nationalized its fourth-largest bank on Friday, injecting $3 billion into SNS Reaal NV to head off any chance of a messy collapse that would threaten the country's economy and financial system.
Republicans say FDA withholds key meningitis docs
02/01/2013 4:34pm
House Republicans are threatening to subpoena documents from the Food and Drug Administration as part of an ongoing investigation into whether the agency could have prevented a deadly outbreak of meningitis caused by contaminated drugs.
Judge OKs Hawker Beechcraft reorganization plan
02/01/2013 5:17pm
A federal judge gave the final nod Friday to Hawker Beechcraft's reorganization plan, clearing the way for the plane-maker to exit bankruptcy later this month.
Bank of America's online banking crashes
02/01/2013 10:57pm
Bank of America says its online banking website crashed Friday, leaving customers temporarily unable to access their accounts.
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