China denounces US sanctions against companies
02/12/2013 12:30am
China on Tuesday denounced U.S. sanctions against a leading state arms maker and other companies over alleged illicit dealings with North Korea, Syria and Iran.
Cheap yen a boon and a risk for Japan companies
02/12/2013 1:48am
As the yen weakens, famous Japanese exporters from Toyota to Nintendo are getting a boost but the favorable exchange rate also carries risks by insulating some companies from pressure to overhaul their businesses.
Weak yen shifts export power balance
02/12/2013 2:33am
Japan's weak yen is turning the tables on its Asian exporting rival South Korea. For several years, South Korean manufacturers such as Hyundai and Samsung Electronics increased their market share at the expense of Japanese rivals partly because South Korea's currency, the won, was weak while the yen was rising against the dollar and other currencies.
Kuwait: Iraq to resume flights after 22-year halt
02/12/2013 7:23am
Kuwait's civil aviation chief says Iraqi Airways will resume commercial flights to the Gulf nation for the first time since the invasion of Saddam Hussein's forces more than 22 years ago.
Tire workers confront French police over layoffs
02/12/2013 7:54am
Workers fired flares and paint bombs and riot police answered with tear gas in a standoff Tuesday over layoffs at a French plant for U.S. tiremaker Goodyear, amid tensions over a slump in Europe's car industry that has hurt automakers and their suppliers.
Goodyear tops 4Q; Europe weighs on outlook
02/12/2013 8:25am
Goodyear easily topped Wall Street expectations for the fourth quarter, but shares slid Tuesday with Europe dragging down the tire maker's outlook for 2013.
Earnings roundup: Coca-Cola, McGraw-Hill
02/12/2013 8:56am
Among the earnings stories for Tuesday, Feb. 12, from The Associated Press:
Statoil to build Arctic oil terminal
02/12/2013 9:04am
Norwegian energy company Statoil ASA says it plans to build a new oil terminal on the country's Arctic coast to process oil from a recent discovery in the Barents Sea.
Alfa Romeo to make US comeback with new sports car
02/12/2013 9:13am
After a 30-year absence, Italy's storied Alfa Romeo brand will return to the United States later this year with a new two-seat compact sports car.
ABC, Univision unveil joint venture's name: Fusion
02/12/2013 9:37am
ABC and Univision have announced the name of their joint venture that will provide English-language news programming aimed at the growing Latino demographic: Fusion.
UK regulator fines UBS over investment funds
02/12/2013 9:57am
Britain's financial regulator fined Swiss bank UBS 9.45 million pounds ($14.8 million) Tuesday for exposing customers to unacceptable risk in the selling of an investment fund and for failing to deal properly with complaints that followed.
S&P parent expects to beat gov't ratings lawsuit
02/12/2013 11:09am
Standard & Poor's is prepared to spend years beating back a federal lawsuit that accuses the company of giving falsely high ratings to mortgage investments that helped trigger the financial crisis, executives said Tuesday.
G7 seeks to defuse currency war fears
02/12/2013 11:27am
The Group of Seven leading industrial nations, which includes the U.S., Japan and Germany, warned Tuesday that volatile movements in exchange rates could adversely hit the global economy.
5 goals to keeping your hard earned cash
02/12/2013 11:38am
Whether your personal finances need a major overhaul or a minor tweak, consider implementing the following financial principles this year.
ECB's Draghi: Spain is 'on the right track'
02/12/2013 12:09pm
Spain has succeeded in stabilizing a banking system that almost collapsed last year and is well-positioned for better economic times going forward, European Central Bank President Mario Draghi said Tuesday.
Greek prosecutors bring charges over DePuy deals
02/12/2013 12:49pm
Greek prosecutors have brought criminal corruption charges related to state hospital purchases from DePuy, a subsidiary of U.S. healthcare giant Johnson & Johnson.
Michelin profits rise despite tough car market
02/12/2013 1:05pm
Tire maker Michelin says its profits rose 7.5 percent last year despite a struggling car market in Europe, and expects to keep up volumes this year.
Spanish police: 2 commit suicide over eviction
02/12/2013 1:40pm
A retired married couple committed suicide Tuesday and left a note saying they were going to lose their home, helping stoke an outcry over Spain's tough eviction laws just before Parliament unanimously voted in favor of debating possible changes.
Government boosts forecast for pump prices
02/12/2013 1:59pm
First it was a tax hike. Now consumers are looking at a higher than expected gasoline bill for 2013.
GE to boost share buybacks after NBC stake sale
02/12/2013 3:57pm
General Electric plans to boost share buybacks to about $10 billion in 2013, thanks to the early sale of its stake in NBCUniversal.
JC Penney ups credit facility to $1.85 billion
02/12/2013 4:28pm
J.C. Penney Co. has amended its bank credit facility to increase its borrowing capacity as it looks to finance its multiyear transformation.
General Electric gets out of the TV business
02/12/2013 4:30pm
General Electric is saying goodbye to 30 Rock _ the building and the TV business.
WellPoint names hospital executive Swedish new CEO
02/12/2013 4:57pm
Health insurer WellPoint Inc. surprised analysts and investors Tuesday when it announced that a veteran hospital executive who has never run a public company will become its next CEO.
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