Economists predicting moderate growth in 2013
02/25/2013 3:59am
Business economists expect 2013 will be another year of sub-par growth for the U.S. economy, reflecting uncertainty stemming from the budget battles in Washington and Europe's on-going debt problems. But they think the economy will improve as the year progresses and by 2014 will grow at the fastest pace in nine years.
Singapore sentences 4 Chinese strikers to jail
02/25/2013 5:55am
A Singapore court sentenced four Chinese immigrant bus drivers on Monday to up to seven weeks in prison for instigating the city-state's first labor strike in 26 years.
BBC: World service frequencies jammed in China
02/25/2013 6:18am
The BBC says it has received reports that its world service English shortwave radio frequencies are being jammed in China and condemns what it called efforts to disrupt free access to news and information.
Merkel backs 'open-ended' Turkey's EU talks
02/25/2013 9:06am
German Chancellor Angela Merkel said Monday the European Union should move forward with its talks with Turkey about joining the bloc, but that she remains skeptical about the nation becoming a full member.
Officials: Slovenian nuke plant shuts down
02/25/2013 9:15am
Slovenia's only nuclear power plant shut down automatically on Monday after a drop in pressure in a steam generator and there was no danger of a leak, officials said.
Chesapeake in land deal with Sinopec for $1.02B
02/25/2013 9:27am
Chesapeake Energy said on Monday that it will sell a 50 percent stake in oil and natural gas-rich land in Oklahoma to Chinese oil company Sinopec for $1.02 billion as the natural gas producer continues selling off assets to repay debt.
Japan's ANA cancels 787 flights through May
02/25/2013 9:48am
Japan's All Nippon Airways is scrubbing its planned 787 flights through May as the Boeing Co. plane remains grounded.
Fraud egg? Germany probes mislabeled bio produce
02/25/2013 10:50am
Authorities are investigating whether some 150 farms in northern Germany made false claims about the quality of their eggs.
News Summary: Trial begins for 2010 Gulf oil spill
02/25/2013 12:53pm
BP BLAME: The trial to determine how much more BP and others should pay for the nation's worst offshore oil spill began Monday with the federal government saying the oil giant was mostly to blame for the disaster.
Lab asks government to investigate Toyota Prius
02/25/2013 1:08pm
Auto safety regulators in the U.S. are deciding if they will investigate a complaint that the steering can fail on the Toyota Prius.
News Summary: B&N chair could buy bookstores
02/25/2013 1:58pm
BOOK BOSS BUYOUT Barnes & Noble founder and Chairman Leonard Riggio said Monday that he is going to try to buy the company's retail business.
GM taps Volkswagen exec to market Chevrolet
02/25/2013 2:01pm
General Motors has hired an executive from red-hot Volkswagen to lead the marketing of its most important brand.
Barnes & Noble chair wants to buy retail business
02/25/2013 2:10pm
The last remaining national bookstore chain is being taken off the shelf and dusted off for sale.
Ikea withdraws meatballs in more than 20 countries
02/25/2013 2:12pm
Swedish furniture giant Ikea became entangled in Europe's widening meat scandal Monday, forced to withdraw meatballs from stores across Europe amid suspicions that they contained horse meat.
KFC launches China campaign to rebuild brand
02/25/2013 2:23pm
KFC launched a campaign Monday to rebuild its battered brand in China, promising tighter quality control after a scandal over misuse of drugs by its poultry suppliers.
Barnes & Noble chair wants to buy retail business
02/25/2013 3:35pm
The last remaining national bookstore chain is being taken off the shelf and dusted off for sale.
Darden to slow down Olive Garden openings
02/25/2013 4:22pm
Darden Restaurants is pulling back on price increases and the pace of new restaurant openings for its flagship Olive Garden chain, as the company works to update its struggling brands.
Royalty Pharma offers to buy Elan for about $6.5B
02/25/2013 4:46pm
Royalty Pharma said Monday that it wants to buy Elan Corp. PLC for about $6.5 billion, but has yet to receive a formal response from the Irish drugmaker.
IHT to be rebranded International New York Times
02/25/2013 5:32pm
The International Herald Tribune, one of the most enduring brands in journalism history, is getting a new name: The International New York Times.
Italy faces political gridlock after crucial elex
02/25/2013 5:56pm
Italy faced political paralysis Monday as near-complete results in crucial national elections showed no clear winner and raised the possibility of a hung parliament. The uncertainty bodes ill for the nation's efforts to pass the tough reforms it needs to snuff out its economic crisis and prevent a new round of global financial turmoil.
US caught in awkward embrace of Myanmar 'crony'
02/25/2013 6:46pm
The image was meant to convey growing friendship between the United States and Myanmar, the world's hottest frontier market. Flanked by national flags, Win Aung, the president of Myanmar's main business association, and U.S. Assistant Secretary of State Jose Fernandez shook hands in Yangon and agreed to deepen business ties between their countries.
Taiwan may hold referendum on nuclear plant
02/25/2013 8:19pm
Taiwan's premier says the government will support holding a public referendum to resolve the prolonged controversy over the fate of the island's $10 billion nuclear power plant.
China's CNOOC completes $15B Nexen purchase
02/25/2013 10:28pm
Chinese oil company CNOOC says it has completed its $15.1 billion purchase of Canadian energy producer Nexen.
TransUnion: Late auto-loan payments rose in 4Q
02/25/2013 10:30pm
More Americans fell behind on their auto loan payments in the last three months of 2012, a time of the year when some borrowers' financial obligations temporarily take a backseat to spending on holiday shopping.
News Summary: Late auto-loan payments rose in 4Q
02/25/2013 10:30pm
DELINQUENCY RATE: Credit reporting company TransUnion says that the rate of U.S. auto-loan payments at least 60 days overdue climbed to 0.41 percent in the fourth quarter. That's up from 0.38 percent in the third quarter, but down from 0.46 percent from a year earlier.
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